Gramercy Property Trust Inc (GKK) Financial Statements (2023 and earlier)

Company Profile

Business Address 521 5TH AVENUE
NEW YORK, NY 10175
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments 200,06943,333105,402
Cash and cash equivalents 200,06943,333105,402
Total current assets: 200,06943,333105,402
Noncurrent Assets
Property, plant and equipment 239,503337,71223,159
Long-term investments and receivables  39,38572,742
Long-term investments  39,38572,742
Intangible assets, net (including goodwill) 204,07140,9604,386
Goodwill 3,840  
Intangible assets, net (excluding goodwill) 200,23140,9604,386
Deferred costs   415
Total noncurrent assets: 443,574418,057100,702
Other undisclosed assets 856,35730,2731,962,732
TOTAL ASSETS: 1,500,000491,6632,168,836
Current Liabilities
Debt 200,000  
Derivative instruments and hedges, liabilities 3,189187173,623
Total current liabilities: 203,189187173,623
Noncurrent Liabilities
Liabilities, other than long-term debt 53,8266,077458
Off-market lease, unfavorable 53,8266,077458
Total noncurrent liabilities: 53,8266,077458
Other undisclosed liabilities 320,075218,9262,246,583
Total liabilities: 577,090225,1902,420,664
Temporary equity, carrying amount 16,129  
Equity, attributable to parent, including: 822,387266,473(252,731)
Preferred stock  85,23585,235
Common stock 187  
Additional paid in capital 1,768,8371,149,8961,102,227
Accumulated other comprehensive loss (3,703)(1,405)(95,265)
Accumulated deficit (942,934)(967,324)(1,344,989)
Other undisclosed equity, attributable to parent  7161
Equity, attributable to noncontrolling interest   903
Other undisclosed equity 84,394  
Total equity: 906,781266,473(251,828)
TOTAL LIABILITIES AND EQUITY: 1,500,000491,6632,168,836

Income Statement (P&L) ($ in thousands)

Revenues 107,94056,70436,821
Revenue, net 105,89554,28035,108
Cost of revenue (58,506)(22,279) 
Cost of goods and services sold (38,620)(22,279) 
Gross profit: 49,43434,42536,821
Operating expenses (65,811)(35,725)(243,037)
Operating loss: (16,377)(1,300)(206,216)
Nonoperating expense
(Investment Income, Nonoperating)
Interest and debt expense (18,511)(1,732) 
Other undisclosed income from continuing operations before equity method investments, income taxes 19,27510,254194,109
Income (loss) from continuing operations before equity method investments, income taxes: (16,377)3,883(12,107)
Income (loss) from equity method investments 1,959(5,662)(2,904)
Loss from continuing operations before income taxes: (14,418)(1,779)(15,011)
Income tax expense (benefit) (809)(6,393)3,330
Other undisclosed income (loss) from continuing operations 70,420 (6,660)
Income (loss) from continuing operations: 55,193(8,172)(18,341)
Income (loss) before gain (loss) on sale of properties: 54,669384,827(18,341)
Income (loss) from discontinued operations (524)392,999 
Other undisclosed net loss   (153,207)
Net income (loss): 54,669384,827(171,548)
Net loss attributable to noncontrolling interest (236)  
Other undisclosed net income attributable to parent 472  
Net income (loss) attributable to parent: 54,905384,827(171,548)
Preferred stock dividends and other adjustments (88,147)(7,162)7,162
Other undisclosed net income (loss) available to common stockholders, basic 77,886 (14,324)
Net income (loss) available to common stockholders, diluted: 44,644377,665(178,710)

Comprehensive Income ($ in thousands)

Net income (loss): 54,669384,827(171,548)
Other comprehensive income (loss) (2,298)93,859345,674
Comprehensive income: 52,371478,686174,126
Comprehensive income, net of tax, attributable to noncontrolling interest 195  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 82(7,162)(7,162)
Comprehensive income, net of tax, attributable to parent: 52,648471,524166,964

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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