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About Trinity Place Holdings
From its filings with the US Securities and Exchange Commission
Trinity Place Holdings is based in New York, New York and is incorporated in Delaware. Its shares trade on OTC under the ticker TPHS. The SEC classifies its business as opeators of nonresidential buildings. In the fiscal year to 31 December 2024, it reported revenue of $3.5m and net income of $5.6m. At that date it held total assets of $3.7m and shareholders' equity of $2.2m.
On February 4, 2025, TPHGreenwich sold the Paramus Property for a gross sales price of $15.6 million. After repayment of the underlying loan of $11.7 million and closing costs, TPHGreenwich received approximately $2.9 million in net sale cash proceeds. The Company’s guarantee of the loan underlying the Paramus Property was retired upon the sale.
On March 14, 2025, TPHGreenwich sold 237 11th for a gross sales price of $68.5 million. After repayment of the underlying loan of $60.0 million and closing costs, TPHGreenwich received approximately $6.0 million in net sale cash proceeds.
We also control a variety of intellectual property assets focused on the consumer sector, a legacy of our predecessor, Syms Corp. (“Syms”), including FilenesBasement.com, our rights to the Stanley Blacker® brand, as well as the intellectual property associated with the Running of the Brides® event and the An Educated Consumer is Our Best Customer® slogan.
Quoted from its 10-K, filed 24 Mar 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 18 Sept 2012
- Employees
- 4
- Website
- trinityplaceholdings.com ↗
- Head office
- 340 MADISON AVENUE, NEW YORK, NY, 10173
- Incorporated in
- DE
- Classification
- Opeators of Nonresidential Buildings
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jack HowardIndependent Chairman of the Board
- Mr. Steven KahnChief Financial Officer$361,798
- Mr. Richard PyontekChief Accounting Officer, Treasurer, Secretary$192,065
- Mr. Daniel BartokIndependent Director
- Mr. Joseph MartinIndependent Director
- Mr. Alexander MatinaIndependent Director$107,343
- Ms. Joanne MinieriIndependent Director$100,563
- Mr. Keith PattizIndependent Director$89,673
- Mr. Jeffrey WaldIndependent Director
- Ms. Jennifer GolembeskeInvestor Relations, since 2025
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 28
- Environment
- 29
- Social
- 33
- Governance
- 22
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Prime Locations: Trinity Place Holdings Inc. owns properties in strategic and highly desirable locations, such as New York City, which can attract premium tenants and generate high rental income.
- Diversified Portfolio: The company has a diverse portfolio including residential, commercial, and retail properties, reducing risks associated with overexposure to a single sector.
- Strong Financial Position: Trinity Place Holdings Inc. has a solid financial position with a healthy balance sheet, enabling it to invest in new opportunities, undertake developments, and navigate market fluctuations.
Weaknesses
- Economic Volatility: The company's performance is susceptible to economic fluctuations, both locally and globally, impacting the demand and pricing of its properties.
- High Competition: The real estate industry is highly competitive, with numerous players vying for prime properties and tenants. Trinity Place Holdings Inc. must continually differentiate and adapt its offerings to stand out.
- Dependency on External Financing: Acquisition and development activities often require substantial capital, and Trinity Place Holdings Inc. may rely on external financing, which exposes it to interest rate risks and potential limitations on funds.
Opportunities
- Urbanization and Population Growth: Increasing urbanization and population growth can drive demand for real estate, especially in prime locations, presenting opportunities for Trinity Place Holdings Inc. to capitalize on.
- Technology Integration: Embracing technological advancements, such as smart building infrastructure, can enhance property efficiency, attractiveness, and tenant satisfaction, giving the company a competitive edge.
- ESG Investments: The growing emphasis on environmental, social, and governance (ESG) factors presents an opportunity for Trinity Place Holdings Inc. to emphasize sustainable development and attract investors aligned with these values.
Threats
- Regulatory Changes: Changes in zoning regulations, tax policies, or other legal requirements can impact the company's ability to develop or redevelop properties, potentially limiting growth opportunities.
- Economic Downturns: Economic recessions or market downturns can reduce demand for real estate and lower property values, affecting Trinity Place Holdings Inc.'s rental income and property valuations.
- Changing Consumer Preferences: Evolving consumer preferences and lifestyle trends may impact the demand for certain property types, requiring Trinity Place Holdings Inc. to adapt its offerings to stay relevant.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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