New York City REIT, Inc. (NYC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
222 BELLEVUE AVENUE NEWPORT, RI 02840 |
| 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)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,215 | 11,674 | 30,999 | 51,199 | 47,952 | 39,598 | |||
| Cash and cash equivalents | 9,215 | 11,674 | 30,999 | 51,199 | 47,952 | 39,598 | |||
| Total current assets: | 9,215 | 11,674 | 30,999 | 51,199 | 47,952 | 39,598 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 54,954 | 55,167 | 55,375 | 55,579 | ✕ | ✕ | |||
| Property, plant and equipment | 192,600 | 765,176 | 762,519 | 193,658 | 138,110 | 133,380 | |||
| Intangible assets, net (including goodwill) | 35,337 | 61,456 | 66,533 | 77,009 | |||||
| Intangible assets, net (excluding goodwill) | 35,337 | 61,456 | 66,533 | 77,009 | |||||
| Regulated entity, other noncurrent assets | 30 | ||||||||
| Total noncurrent assets: | 282,921 | 820,343 | 817,894 | 310,693 | 204,643 | 210,389 | |||
| Other undisclosed assets | 498,319 | (8,966) | 12,953 | 539,464 | 521,147 | 510,463 | |||
| TOTAL ASSETS: | 790,455 | 823,051 | 861,846 | 901,356 | 773,742 | 760,450 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 468,879 | 471,915 | 480,279 | 480,807 | 330,062 | 278,966 | |||
| Total liabilities: | 468,879 | 471,915 | 480,279 | 480,807 | 330,062 | 278,966 | |||
| Equity | |||||||||
| Equity, attributable to parent | 301,062 | 338,989 | 377,558 | 420,549 | 443,680 | 481,484 | |||
| Common stock | 19 | 133 | 129 | 310 | 310 | 314 | |||
| Additional paid in capital | 698,761 | 691,118 | 686,715 | 685,844 | 685,758 | 691,775 | |||
| Accumulated other comprehensive income (loss) | 1,637 | (1,553) | (3,404) | (1,327) | |||||
| Accumulated deficit | (399,355) | (350,709) | (305,882) | (264,278) | (242,388) | (210,605) | |||
| Equity, attributable to noncontrolling interest | 20,514 | 12,147 | 4,009 | ||||||
| Total equity: | 321,576 | 351,136 | 381,567 | 420,549 | 443,680 | 481,484 | |||
| TOTAL LIABILITIES AND EQUITY: | 790,455 | 823,051 | 861,846 | 901,356 | 773,742 | 760,450 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 64,005 | 70,219 | 62,895 | 70,530 | 62,399 | 58,384 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 57,132 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 58,384 | |
| Operating lease, lease income | 64,005 | 70,219 | 62,895 | 70,530 | ✕ | ✕ | ||
| Cost of revenue | (49,791) | (49,292) | (46,186) | (31,177) | (26,825) | |||
| Cost of goods and services sold | (33,927) | (33,363) | (32,283) | (31,177) | (26,825) | |||
| Gross profit: | 14,214 | 20,927 | 16,709 | 39,353 | 62,399 | 31,559 | ||
| Operating expenses | (41,159) | (41,313) | (39,318) | (76,110) | (73,661) | (70,496) | ||
| Other undisclosed operating income | 31,177 | 26,825 | ||||||
| Operating loss: | (26,945) | (20,386) | (22,609) | (5,580) | (11,262) | (12,112) | ||
| Nonoperating expense | (18,951) | (19,043) | (18,353) | (16,310) | (12,850) | (10,961) | ||
| Interest and debt expense | (18,924) | (19,090) | (19,140) | (17,157) | (13,294) | (11,230) | ||
| Loss from continuing operations before equity method investments, income taxes: | (64,820) | (58,519) | (60,102) | (39,047) | (37,406) | (34,303) | ||
| Other undisclosed income from continuing operations before income taxes | 18,924 | 19,090 | ||||||
| Loss from continuing operations before income taxes: | (45,896) | (39,429) | (60,102) | (39,047) | (37,406) | (34,303) | ||
| Income tax expense | (37) | |||||||
| Loss from continuing operations: | (45,896) | (39,466) | (60,102) | (39,047) | (37,406) | (34,303) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (39,466) | (60,102) | (39,047) | (37,406) | (34,303) | |
| Other undisclosed net income | ||||||||
| Net loss: | (45,896) | (39,466) | (60,102) | (39,047) | (37,406) | (34,303) | ||
| Other undisclosed net income attributable to parent | 19,140 | 17,157 | 13,294 | 11,230 | ||||
| Net loss available to common stockholders, basic: | (45,896) | (39,466) | (40,962) | (21,890) | (24,112) | (23,073) | ||
| Dilutive securities, effect on basic earnings per share | (80) | (160) | ||||||
| Net loss available to common stockholders, diluted: | (45,976) | (39,626) | (40,962) | (21,890) | (24,112) | (23,073) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (45,896) | (39,466) | (60,102) | (39,047) | (37,406) | (34,303) | ||
| Other comprehensive income (loss) | 3,190 | 1,851 | (2,077) | |||||
| Comprehensive loss: | (42,706) | (37,615) | (62,179) | (39,047) | (37,406) | (34,303) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 19,140 | 15,830 | 13,294 | 11,220 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (42,706) | (37,615) | (43,039) | (23,217) | (24,112) | (23,083) | ||
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.