Docoh
Loading...

BRST Broad Street Realty

MedAmerica Properties, Inc. engages in the provision of real estate management business. It focuses on opportunistic medical office real estate investments located in the sunbelt states. The company was founded in 1985 and is headquartered in Boca Raton, FL.

Company profile

Ticker
BRST
Exchange
CEO
Michael Jacoby
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BANYAN HOTEL INVESTMENT FUND, Banyan Rail Services Inc., BHIT INC, MedAmerica Properties Inc.
SEC CIK
IRS number
363361229

BRST stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Apr 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.98M 9.98M 9.98M 9.98M 9.98M 9.98M
Cash burn (monthly) (positive/no burn) 134.33K 615K 425.83K (positive/no burn) 201.5K
Cash used (since last report) n/a 479.41K 2.19M 1.52M n/a 719.11K
Cash remaining n/a 9.5M 7.79M 8.46M n/a 9.26M
Runway (months of cash) n/a 70.7 12.7 19.9 n/a 46.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Dec 20 Jeffrey H Foster Common Stock Grant Aquire A No No 3.44 17,152 59K 31,687
31 Dec 20 Jeffrey H Foster Common Stock Grant Aquire A No No 0 14,535 0 14,535
31 Dec 20 Yockey Thomas M Common Stock Grant Aquire A No No 3.44 12,500 43K 2,031,181
31 Dec 20 Yockey Thomas M Common Stock Grant Aquire A No No 0 14,535 0 2,018,681
31 Dec 20 Samuel M Spiritos Common Stock Grant Aquire A No No 3.44 12,500 43K 27,035
31 Dec 20 Samuel M Spiritos Common Stock Grant Aquire A No No 0 14,535 0 14,535
31 Dec 20 Neal Daniel J W Common Stock Grant Aquire A No No 3.44 12,500 43K 512,454
31 Dec 20 Neal Daniel J W Common Stock Grant Aquire A No No 0 14,535 0 499,954
31 Dec 20 Joseph C. Bencivenga Common Stock Grant Aquire A No No 3.44 11,338 39K 25,873
31 Dec 20 Joseph C. Bencivenga Common Stock Grant Aquire A No No 0 14,535 0 14,535

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

?
Risks
  • The ongoing COVID-19 pandemic and measures intended to mitigate its spread could have a material adverse effect on our business, results of operations, cash flows and financial condition.
  • We primarily rely upon external sources of capital to fund acquisitions, development opportunities and repayment of significant maturities of principal debt, and, if we continue to encounter difficulties in obtaining capital, we may not be able to repay maturing obligations or make future investments necessary to grow our business.
  • Substantially all of the properties in our portfolio are located in the greater Mid-Atlantic Region. Adverse economic or regulatory developments in this area could materially and adversely affect our business.
  • We depend upon tenant leases for most of our revenue, and lease terminations and/or tenant defaults, particularly by one of our significant tenants, could materially and adversely affect the income produced by our properties, which could materially and adversely affect our financial condition, results of operations, cash flows, cash available for distribution and ability to satisfy our debt service obligations.
  • We may be unable to collect balances due from tenants that file for bankruptcy protection, which could materially and adversely affect our financial condition, results of operations, cash flows, cash available for distribution and ability to satisfy our debt service obligations.
  • We have a substantial amount of indebtedness outstanding, which could materially and adversely affect our financial condition, results of operations and ability to make distributions to our stockholders.
  • Secured debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in a property or group of properties subject to mortgage debt.
  • The Basis Loan Agreement and the Sub-OP Agreement contain provisions that could significantly impede our operations and our ability to efficiently manage our business and that could materially and adversely affect our financial condition, results of operations and cash flows, the trading price of our common stock and our ability to pay dividends to our common stockholders in the future.
  • Covenants in our debt agreements could adversely affect our financial condition, results of operations and cash flows and the trading price of our common stock.
  • The Mergers that have not yet closed are subject to conditions and may not close in a timely manner or at all.
  • Our dependence on smaller businesses to rent our space could have a material adverse effect on our financial condition, results of operations, cash flows, cash available for distribution and ability to satisfy our debt service obligations.
  • Our growth will depend in part upon our ability to acquire additional retail properties for our portfolio, and we may be unsuccessful in identifying and consummating attractive acquisitions or taking advantage of other investment opportunities, which would impede our growth and materially and adversely affect our ability to pay dividends to our stockholders.
  • The terms of joint venture agreements or other joint ownership arrangements into which we may enter could impair our operating flexibility and subject us to risks not present in investments that do not involve co-ownership.
  • Failure to succeed in new markets may limit our growth.
  • Many of our operating costs and expenses are fixed and will not decline if our revenues decline.
  • Adverse conditions in the general retail environment could have a material adverse effect on our financial condition, results of operations, cash flows, cash available for distribution and ability to service our debt obligations.
  • Certain of the leases at our properties contain, and leases for properties that we may acquire in the future may contain, “co-tenancy” or “go-dark” provisions, which, if triggered, may allow tenants to pay reduced rent, cease operations or terminate their leases, any of which could materially and adversely affect our performance or the value of the affected retail property.
  • The illiquid nature of real estate investments could significantly impede our ability to respond to changing economic, financial and investment conditions, which could adversely affect our cash flows and results of operations.
  • Increases in interest rates could increase our interest expense and may adversely affect our cash flows, our ability to service our indebtedness and our ability to pay dividends to our stockholders.
  • Failure to hedge effectively against interest rate changes may adversely affect our financial condition, results of operations, cash flows, cash available for distribution and ability to service our debt obligations.
  • Our management team has no prior experience operating a publicly company, and we cannot assure you that the past experience of our senior management team will be sufficient to successfully operate as a public company.
  • We face possible liability for environmental cleanup costs and damages for contamination related to properties we acquire, which could materially adversely affect our business, financial condition and results of operations and our ability to pay dividends to our stockholders.
  • Uninsured losses relating to real estate and lender requirements to obtain insurance may materially adversely affect our business, financial condition and results of operations and our ability to pay dividends to our stockholders.
  • Compliance with the Americans with Disabilities Act of 1990 and fire, safety and other regulations may require us to make unexpected expenditures that adversely affect our business, financial condition, results of operations and ability to pay dividends to our stockholders.
  • We may not be able to rebuild our properties to their existing specifications if we experience a substantial or comprehensive loss of such properties.
  • We depend on key personnel whose continued service is not guaranteed and each of whom would be difficult to replace.
  • Our common stock has a very limited trading market, which limits your ability to resell shares of our common stock.
  • The trading volume and market price of our common stock may fluctuate significantly, and you may have an illiquid investment.
  • We have not established a minimum dividend, and there can be no assurance that we will be able to pay or maintain cash dividends on our common stock or that dividends will increase over time.
  • Common stock eligible for future sale could have an adverse effect on the market price of our common stock.
  • Future issuances of debt securities or preferred stock, which would rank senior to our common stock upon liquidation, or future issuances of equity securities (including OP units), which would dilute our existing stockholders and may be senior to our common stock for purposes of making distributions, may materially and adversely affect the market price of our common stock and the value of OP units.
  • Increases in market interest rates may reduce demand for our common stock and result in a decline in the market price of our common stock.
  • Conflicts of interest may exist or could arise in the future between the interests of our stockholders and the interests of holders of OP units in the Operating Partnership, which may impede business decisions that could benefit our stockholders.
  • We are a holding company with no direct operations and, as such, we will rely on funds received from the Operating Partnership to pay any distributions to our stockholders, and the interests of our stockholders are structurally subordinated to all liabilities and obligations of the Operating Partnership and its subsidiaries.
  • Our board of directors may change its strategies, policies or procedures without the consent of stockholders, which may subject us to different and more significant risks in the future.
  • Certain provisions in the OP Partnership Agreement may delay or prevent unsolicited acquisitions of us.
  • Certain of our directors, officers and employees have outside business interests that present conflicts of interest with us and may adversely affect our business.
  • Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event that we take certain actions which are not in our stockholders’ best interests.
  • Our bylaws contain provisions that make removal of our directors difficult, which could make it difficult for our stockholders to effect changes to our management.
  • Termination of the employment agreements with our executive officers could be costly and prevent a change in control.
Management Discussion
  • The results of operations for the year ended December 31, 2020 reflect the results of operations of Broad Street Realty, Inc. and its consolidated subsidiaries. The results of operations for the year ended December 31, 2019 reflect the results of operations of BSR prior to the Merger Date and, subsequent to the Merger Date, the results of operations of Broad Street Realty, Inc. and its consolidated subsidiaries. As a result, the results of operations for the year ended December 31, 2019 are not comparable to our results of operations for the year ended December 31, 2020 and are not indicative of our results of operations in future periods. In addition, as described above, our results of operations in future periods may be significantly impacted by the effects of the COVID-19 pandemic.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: benchmarking, car, concession, contradict, Earthfare, extinguishment, forfeiture, Hopebridge, immaterial, ineffective, Lakewood, lapse, match, skill, substantive, trailing, troubled, waiver, window
Removed: amounted, assessed, Banyan, Boca, carried, Commonwealth, comprise, expired, exploring, hardware, incorporation, organized, originally, overhead, rail, reconciliation, reorganized, replaced, researching, VMS