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Trinity Place Holdings inc   (TPHS)
Other Ticker:  
 
    Sector • Services    Industry • Professional Services
   Industry • Professional Services
   Sector • Services
 
Price: $0.0331 $0.00 -0.301%
Day's High: $0.0596 Week Perf: -12.2 %
Day's Low: $ 0.03 30 Day Perf: -54.03 %
Volume (M): 90 52 Wk High: $ 0.48
Volume (M$): $ 3 52 Wk Avg: $0.18
Open: $0.03 52 Wk Low: $0.03



 Market Capitalization (Millions $) 2
 Shares Outstanding (Millions) 66
 Employees -
 Revenues (TTM) (Millions $) 15
 Net Income (TTM) (Millions $) -16
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) 0

Trinity Place Holdings Inc
Trinity Place Holdings Inc. is a real estate company based in New York City. The company focuses on the development, acquisition, and management of real estate properties in various sectors, including residential, retail, and office spaces. Trinity Place Holdings is known for its expertise in urban infill projects and has a diverse portfolio of properties in prominent locations. Some of its notable projects include the development of residential units in Lower Manhattan and the transformation of the historic American Stock Exchange Building into a mixed-use property. The company aims to create value for its shareholders through strategic investments and the maximization of property assets.


   Company Address: 340 Madison Avenue New York 10173 NY
   Company Phone Number: 235-2190   Stock Exchange / Ticker: NYSEAMER TPHS


   

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Trinity Place Holdings Inc

Trinity Place Holdings Inc. takes a severe hit amidst financial struggles closing March 31, 2024


As a professional financial analyst, I am pleased to present my analysis of Trinity Place Holdings Inc's recent financial results. The company has made significant progress in turning around its earnings, as evidenced by its positive income per share for the fiscal time-frame ending March 31, 2024.
Trinity Place Holdings Inc reported earnings of $0.16 per share, a stark improvement from $-0.17 per share recorded a year ago. Moreover, the company was able to overcome the previous quarter's loss of $-0.25 per share, demonstrating a marked improvement.
Trinity Place Holdings Inc

Trinity Place Holdings Inc: A Promising Turnaround on the Horizon After a Challenging Fourth Quarter in 2023

Trinity Place Holdings Inc (TPHS) may have experienced a challenging fourth quarter in 2023, but all signs point to a major turnaround in 2024. Despite revenue taking a hit and the net deficit widening, there are several key indicators that suggest a brighter future for the company.
One of the most encouraging signs is the increase in accounts receivable, which points to a rise in demand for Trinity Place Holdings Inc's services. This is a strong signal that the company is poised for growth and has the potential to bounce back from the setbacks of the previous quarter.
Trinity Place Holdings Inc

Trinity Place Holdings Inc's Financial Results Shockingly Reveal a -43.96% Dive in Revenue, Signaling Troubles Ahead

Trinity Place Holdings Inc, a company in the Professional Services sector, recently reported its financial results for the most recent fiscal period. Unfortunately, the company experienced a significant increase in its loss per share compared to the previous year. The loss per share increased from $-0.17 to $-0.30, representing a growth in loss from the preceding reporting season. These financial results indicate a challenging period for Trinity Place Holdings Inc.
Furthermore, the company also witnessed a substantial decline in its revenue. The revenue faded by -43.96% to $10.65 million, compared to $19.01 million in the similar reporting season a year before. However, there was some improvement in sequential revenue, as it surged by 59.613% from $6.67 million.
Trinity Place Holdings Inc

Trinity Place Holdings Inc Experiences Increased Losses, Falls Short of Industry Average Growth, and Faces Profitability Concerns in Recent Fiscal Period



Trinity Place Holdings Inc (TPHS) recently reported its financial results for the most recent fiscal period, which show a net deficit per share of $-0.29 compared to $-0.01 a year ago. Although revenue increased by 4.938% to $6.67 million from the same period last year, it fell short of the industry average of 6.98% growth. Additionally, the company recorded a higher net shortfall of $-10.920 million for the financial interval closing June 30, 2023, as compared to $-0.223 million in the previous year.
Financial Results Analysis:
The financial results indicate a challenging period for Trinity Place Holdings Inc. The net deficit per share has significantly increased from the previous year, highlighting potential operational inefficiencies or increased costs. Similarly, the substantial net shortfall signifies a decline in profitability and poses potential concerns for stakeholders.
Trinity Place Holdings Inc

Trinity Place Holdings Inc. Faces Increasing Challenges in Collections, Marking Significant Change in Q1 2023, But Remains Stable and Within Industry Standards

Trinity Place Holdings Inc. is a real estate developer and asset manager that operates in New York City, and it has recently reported on its ability to collect accounts receivable. According to the company, it appears that it is facing a more challenging environment in this regard in the first quarter of 2023. Specifically, the collection period has worsened sequentially to 309.47 days, marking a significant change from the fourth quarter of 2022. Despite this, however, there is no reason for panic, and the situation is still well within acceptable levels.
One key indicator of Trinity Place Holdings Inc.'s ability to collect accounts receivable is the average collection period. Over the first quarter of 2023, this figure remained unchanged at one day. While this suggests that there is not much improvement in the company's ability to collect its debts, it is still a relatively short period and in line with industry standards.






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