Pacific Oak Strategic Opportunity REIT, Inc. (PCOK) Financial Statements (2024 and earlier)

Company Profile

Business Address 11766 WILSHIRE BLVD.
LOS ANGELES, CA 90025
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99,995171,904158,084149,152188,894163,879
Cash and cash equivalents69,521123,78497,93185,368104,38959,304
Short-term investments30,47448,12060,15363,78484,505104,575
Restricted cash and investments45,98444,62761,11357,32562,40638,123
Total current assets:145,979216,531219,197206,477251,300202,002
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization7,2817,2817,2817,2818,0748,074
Intangible assets, net (including goodwill)5,4365,4365,4365,43613,53413,534
Goodwill5,4365,4365,4365,43613,53413,534
Total noncurrent assets:12,71712,71712,71712,71721,60821,608
Other undisclosed assets1,255,8801,298,4931,327,3311,345,1731,340,5471,334,685
TOTAL ASSETS:1,414,5761,527,7411,559,2451,564,3671,613,4551,558,295
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    2,9863,3853,730
Off-market lease, unfavorable    2,9863,3853,730
Total noncurrent liabilities:    2,9863,3853,730
Other undisclosed liabilities1,078,0481,131,1181,142,8521,127,8541,133,4641,062,340
Total liabilities:1,078,0481,131,1181,142,8521,130,8401,136,8491,066,070
Temporary equity, carrying amount    15,23315,23320,239
Equity
Equity, attributable to parent333,244392,720412,301415,576451,000461,735
Common stock1,0361,0381,0391,0411,0431,045
Additional paid in capital905,046907,045907,044909,533914,463914,460
Accumulated deficit(572,838)(515,363)(495,782)(494,998)(464,506)(453,770)
Equity, attributable to noncontrolling interest3,2843,9034,0922,71810,37310,251
Total equity:336,528396,623416,393418,294461,373471,986
TOTAL LIABILITIES AND EQUITY:1,414,5761,527,7411,559,2451,564,3671,613,4551,558,295

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues35,89638,12736,38743,60543,53938,527
Operating lease, lease income32,15232,07732,05331,44528,97929,382
Cost of revenue(73,756)(64,580)(62,844)(61,354)(19,655)(32,888)
Cost of goods and services sold(14,817)(15,141)(15,490)(15,972)(13,531)(13,002)
Gross profit:(37,860)(26,453)(26,457)(17,749)23,8845,639
Operating expenses(5,206)(4,963)(3,981)(7,881)(9,981)(8,104)
Other undisclosed operating income (loss)28,651 68,23120,260(36,175) 
Operating income (loss):(14,415)(31,416)37,793(5,370)(22,272)(2,465)
Nonoperating income (expense)(6,159)4,717(7,825)8,14924,6529,653
Investment income, nonoperating1131,9982372,1488192,387
Gain (loss), foreign currency transaction, before tax(6,272)2,719(8,062)6,00123,8337,266
Interest and debt expense(15,788)(16,031)(14,811)(12,976)(10,780)(9,563)
Income (loss) from continuing operations before equity method investments, income taxes:(36,362)(42,730)15,157(10,197)(8,400)(2,375)
Other undisclosed income (loss) from continuing operations before income taxes(21,119)26,622(7,802)(20,803)31(2,354)
Income (loss) from continuing operations before income taxes:(57,481)(16,108)7,355(31,000)(8,369)(4,729)
Income tax expense  (3,662)    
Other undisclosed loss from continuing operations   (4,924)   
Income (loss) from continuing operations:(57,481)(19,770)2,431(31,000)(8,369)(4,729)
Loss before gain (loss) on sale of properties:(31,000)(8,369)(4,729)
Net income (loss):(57,481)(19,770)2,431(31,000)(8,369)(4,729)
Net income (loss) attributable to noncontrolling interest6189(1,374)881(156)118
Other undisclosed net loss attributable to parent   (32)(373) (144)
Net income (loss) attributable to parent:(57,475)(19,581)1,025(30,492)(8,525)(4,755)
Other undisclosed net loss available to common stockholders, basic   (1,800)   
Net loss available to common stockholders, diluted:(57,475)(19,581)(775)(30,492)(8,525)(4,755)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(57,481)(19,770)2,431(31,000)(8,369)(4,729)
Comprehensive income (loss):(57,481)(19,770)2,431(31,000)(8,369)(4,729)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6189(1,374)881(156)118
Comprehensive income (loss), net of tax, attributable to parent:(57,475)(19,581)1,057(30,119)(8,525)(4,611)

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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