|Bid||1.4700 x 2900|
|Ask||1.5300 x 2900|
|Day's Range||1.3800 - 1.5076|
|52 Week Range||1.1100 - 4.3900|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||2.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Trinity Place Holdings Inc. (NYSE: TPHS) (the "Company") announced today that through a wholly owned subsidiary, it has extended and modified its loan encumbering 237 11th Street, Brooklyn, NY. The maturity date of this loan was extended to June 10, 2021. In connection with this extension, the maximum loan amount was increased by $4,250,000. These additional loan proceeds will be drawn down in the future to fund a portion of the remaining costs to repair construction defects and damage relating thereto. The Company currently expects to restart the leasing program this summer as the first set of repaired units become available.
Trinity Place Holdings Inc. (NYSE: TPHS) (the "Company") announced today that in response to continued public health precautions regarding in-person gatherings given the coronavirus (COVID-19) pandemic, and to support the health and well-being of its stockholders, employees, and communities, the Company will hold its 2020 Annual Meeting of Stockholders in a virtual-only format, solely by means of remote communication, instead of an in-person meeting. As previously announced, the meeting will begin at 10:00 a.m. (New York City time) on Thursday, June 25, 2020. However, the 2020 Annual Meeting will no longer be held at 77 Greenwich Street, New York, New York 10006, but rather will be held virtually, with attendance via the internet. Stockholders will not be able to physically attend the 2020 Annual Meeting. The virtual meeting and live audio webcast can be accessed at www.virtualshareholdermeeting.com/TPHS2020.
Trinity Place Holdings Inc. (NYSE: TPHS) (the "Company") announced today that it conveyed a commercial condominium unit at the base of 77 Greenwich Street to the New York City School Construction Authority ("SCA") on April 6, 2020, as per the terms of an agreement with the SCA signed and announced in 2017. The SCA will complete the buildout of the interior space, planned to become an approximately 476 seat public elementary school. With frontage along Greenwich Street, Trinity Place, and facing the new Elizabeth Berger Park, 77 Greenwich is a mixed-use development underway consisting of a ground floor retail unit owned by the Company, the nine-story school unit at the base of the building now owned by the SCA, and 90 residential condominium units above which are currently being marketed for sale. The conveyance represents the achievement of a significant milestone under the project’s construction loan.