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Trinity Place Holdings inc   (TPHS)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $0.1804 $0.10 122.716%
Day's High: $0.375 Week Perf: 39.84 %
Day's Low: $ 0.17 30 Day Perf: -5.89 %
Volume (M): 141,816 52 Wk High: $ 0.71
Volume (M$): $ 25,584 52 Wk Avg: $0.36
Open: $0.27 52 Wk Low: $0.08



 Market Capitalization (Millions $) 7
 Shares Outstanding (Millions) 39
 Employees -
 Revenues (TTM) (Millions $) 42
 Net Income (TTM) (Millions $) -38
 Cash Flow (TTM) (Millions $) -3
 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
   TPHS is expected to report next financial results on March 30, 2024.


   

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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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