2022 Q3 Form 10-Q Financial Statement

#000155837022014237 Filed on September 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2
Revenue $19.01M $6.359M
YoY Change 676.71% 663.39%
Cost Of Revenue $1.706M $1.182M
YoY Change 136.29% -20.14%
Gross Profit $17.30M $5.177M
YoY Change 1008.26% -747.93%
Gross Profit Margin 91.02% 81.41%
Selling, General & Admin $1.431M $1.503M
YoY Change 17.58% 21.7%
% of Gross Profit 8.27% 29.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $695.0K $696.0K
YoY Change 71.18% 71.85%
% of Gross Profit 4.02% 13.44%
Operating Expenses $21.02M $8.649M
YoY Change 345.99% 112.87%
Operating Profit -$2.009M -$2.290M
YoY Change -11.3% -29.1%
Interest Expense -$3.549M -$3.295M
YoY Change 412.86% 273.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.271M -$103.0K
YoY Change 348.25% -97.91%
Income Tax $82.00K $120.0K
% Of Pretax Income
Net Earnings -$6.353M -$223.0K
YoY Change 369.9% -95.57%
Net Earnings / Revenue -33.43% -3.51%
Basic Earnings Per Share -$0.17 -$0.01
Diluted Earnings Per Share -$0.17 -$0.01
COMMON SHARES
Basic Shares Outstanding 36.88M 36.85M
Diluted Shares Outstanding 37.26M 37.19M

Balance Sheet

Concept 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.190M $3.112M
YoY Change 138.82% 43.48%
Cash & Equivalents $2.200M $3.100M
Short-Term Investments
Other Short-Term Assets $2.401M $1.639M
YoY Change 175.03% 257.08%
Inventory
Prepaid Expenses
Receivables $78.00K $50.00K
Other Receivables $123.0K $121.0K
Total Short-Term Assets $4.792M $4.922M
YoY Change 142.14% 70.9%
LONG-TERM ASSETS
Property, Plant & Equipment $66.39M $67.15M
YoY Change -78.48% -77.71%
Goodwill
YoY Change
Intangibles $7.877M $8.062M
YoY Change -8.59% -8.41%
Long-Term Investments $4.500M $4.600M
YoY Change -11.76% -9.8%
Other Assets $210.7M $228.0M
YoY Change 1696.13% 2890.27%
Total Long-Term Assets $293.0M $311.2M
YoY Change -15.08% -6.9%
TOTAL ASSETS
Total Short-Term Assets $4.792M $4.922M
Total Long-Term Assets $293.0M $311.2M
Total Assets $297.8M $316.1M
YoY Change -14.18% -6.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.66M $22.82M
YoY Change -9.74% 30.74%
Accrued Expenses $1.141M $1.245M
YoY Change -24.74% -18.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.80M $24.07M
YoY Change -10.88% 26.72%
LONG-TERM LIABILITIES
Long-Term Debt $241.1M $246.9M
YoY Change -11.99% -5.89%
Other Long-Term Liabilities $151.0K $215.0K
YoY Change -89.3% -93.13%
Total Long-Term Liabilities $241.2M $247.1M
YoY Change -12.39% -6.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.80M $24.07M
Total Long-Term Liabilities $241.2M $247.1M
Total Liabilities $259.0M $271.2M
YoY Change -12.29% -4.67%
SHAREHOLDERS EQUITY
Retained Earnings -$47.90M -$41.55M
YoY Change 81.86% 66.27%
Common Stock $145.2M $145.0M
YoY Change 5.91% 6.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.46M $57.46M
YoY Change 0.52% 0.52%
Treasury Stock Shares $6.541M $6.541M
Shareholders Equity $38.81M $44.90M
YoY Change
Total Liabilities & Shareholders Equity $297.8M $316.1M
YoY Change -14.18% -6.24%

Cashflow Statement

Concept 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income -$6.353M -$223.0K
YoY Change 369.9% -95.57%
Depreciation, Depletion And Amortization $695.0K $696.0K
YoY Change 71.18% 71.85%
Cash From Operating Activities $6.458M $989.0K
YoY Change 4648.53% 136.6%
INVESTING ACTIVITIES
Capital Expenditures -$25.00K $4.636M
YoY Change -99.73% -150.2%
Acquisitions
YoY Change
Other Investing Activities $0.00 $11.78M
YoY Change -100.0%
Cash From Investing Activities -$25.00K $16.42M
YoY Change -99.69% -277.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.15M -16.63M
YoY Change -203.38% -341.59%
NET CHANGE
Cash From Operating Activities 6.458M 989.0K
Cash From Investing Activities -25.00K 16.42M
Cash From Financing Activities -11.15M -16.63M
Net Change In Cash -4.719M 778.0K
YoY Change -265.35% -140.25%
FREE CASH FLOW
Cash From Operating Activities $6.458M $989.0K
Capital Expenditures -$25.00K $4.636M
Free Cash Flow $6.483M -$3.647M
YoY Change -31.99% -137.78%

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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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tphs Capitalized Amortization Of Deferred Financing Costs And Lease Commissions
CapitalizedAmortizationOfDeferredFinancingCostsAndLeaseCommissions
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1 – Business</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Overview</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Trinity Place Holdings Inc., which we refer to in these financial statements as “Trinity,” “we,” “our,” or “us,” is a real estate holding, investment, development and asset management company. Our largest asset is currently a property located at 77 Greenwich Street in Lower Manhattan (“77 Greenwich”), which is nearing completion of development as a mixed-use project consisting of a 90-unit residential condominium tower, retail space and a New York City elementary school. We also own a recently built 105-unit, 12-story multi-family property located at 237 11<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup> Street in Brooklyn, New York (“237 11<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup>”), and, through a joint venture, a 10% interest in a recently built 234-unit multi-family property at 250 North 10<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup> street in Brooklyn, New York (“250 North 10<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup>”), as well as a property occupied by retail tenants in Paramus, New Jersey. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">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 An Educated Consumer is Our Best Customer® slogan. In addition, we had approximately $261.8 million of federal net operating loss carryforwards (“NOLs”) at June 30, 2022, which can be used to reduce our future taxable income and capital gains.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">COVID-19 Pandemic, Management’s Plans and Liquidity</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">As a result of the COVID-19 pandemic, numerous federal, state, local and foreign governmental authorities issued a range of “stay-at-home orders”, proclamations and directives aimed at minimizing the spread of COVID-19, among other restrictions on businesses and individuals. Additional proclamations and directives have been issued in response to further outbreaks, and may be issued in the future. The outbreak and restrictions have adversely affected our business operations including, among other things, a temporary suspension of construction work at our most significant asset, 77 Greenwich, which resumed in mid-April 2020, initially on a modified basis, as certain work was deemed “essential” construction, and the temporary closing of the sales center for the 77 Greenwich residential condominium units as well as the temporary suspension of the remediation work being performed on 237 11<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup>, which resumed in early June 2020 and was completed in the fourth quarter of 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The economic downturn and volatility in financial markets appear to have been primarily driven by uncertainties associated with the pandemic. As it relates to our business, these uncertainties include, but are not limited to, the adverse effect of the pandemic on the New York City and broader economy, residential and potential residential sentiment in New York City, particularly Manhattan, lending institutions, construction and material supply partners, travel and transportation services, our employees, residents and tenants, and traffic to and within geographic areas containing our real estate assets. The pandemic has adversely affected our short-term, and may adversely affect our long-term, liquidity, cash flows and revenues and has required and may continue to require significant actions in response, including, but not limited to, reducing or discounting prices for our residential condominium units more than originally budgeted, seeking loan extensions and covenant modifications, modifying, eliminating or deferring rent payments in the short term for tenants in an effort to mitigate financial hardships. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The ultimate impact of the COVID-19 pandemic on our operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration and severity of the outbreak, new and recurring outbreaks, new information which may emerge concerning the pandemic and any additional preventative and protective actions that governments, lending institutions and other businesses, including us, may direct or institute.  These and other developments have resulted in and may continue to result in an extended period of continued business disruption and reduced operations for us as well as for lending and other businesses and governmental entities with which we do business. The ultimate financial impacts cannot be reasonably estimated at this time but the outbreak, restrictions and future developments are anticipated to continue to have an adverse impact on our business, financial condition and results of operations, which has been and may continue to be material, although in recent months we have seen indications of a recovery in the New York City real estate market.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The measures taken to date, together with any additional measures and developments including those noted above, impacted and will continue to impact the Company’s business in 2022 and beyond, although the extent of the significance of the impact of the COVID-19 outbreak on our business and the duration for which it may have an impact cannot be determined at this time. Although the impact of the pandemic, as well as, more recently, the war in Ukraine and rising interest rates, has impeded the sale of residential condominium units at 77 Greenwich, we have closed on 19 residential condominium units as of June 30, 2022 and an additional two units in July 2022. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. Given the impacts of COVID-19 and supply-chain issues, while construction at 77 Greenwich is in the final stage of completion, it has taken longer than projected. As a result, we expect certain items, including punch-list items, the outside dog run and general contractor settlements, to not be completed by the Final Completion milestone of September 28, 2022 as contemplated under our 77 Mortgage Loan and mezzanine loan. Missing this deadline will trigger certain events of default under the 77 Mortgage Loan and mezzanine loan facility, creating substantial doubt about our ability to continue as a going concern.  Although the impact of the pandemic has impeded the sale of residential condominium units at 77 Greenwich, we continue to sign and close contracts for our residential condominium units. Many residents have moved into the building. The majority of the construction is expected to be completed by the end of September, including the remaining residential units and amenity spaces, with punch-list and general contractor settlements to follow. Management has already held productive discussions with our 77 Mortgage Lender and currently expects to enter into an amendment to the 77 Mortgage Loan agreement and the mezzanine loan to extend the Final Completion milestone within the next several weeks. If we are not successful in completing the amendment as contemplated above, and the 77 Mortgage Lender or the lender under our mezzanine loan facility accelerated their respective loan, cross-defaults would also exist and we would have insufficient cash and liquidity to service our debt and pay operating expenses and other obligations.  The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to our ability to continue as a going concern. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;">As of June 30, 2022, we had total cash and restricted cash of $16.4 million, of which approximately $3.1 million was cash and cash equivalents and approximately $13.3 million was restricted cash as well as $3.5 million available under our secured line of credit. At this time, we believe our existing balances of cash and cash equivalents, secured line of credit availability, planned refinancing of the Paramus line of credit or sale of the Paramus property and sales of the larger, higher floor condominium units at 77 Greenwich will be sufficient to satisfy our working capital needs and projected capital and other expenditures associated with our operations over the next 12 months, unless we are unable to reach agreement with our lenders as described above. Additionally, management continues to evaluate opportunities to raise capital through sales of equity, including under our ATM program, debt issuances or refinancings, including refinancing the property located at 237 11<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup> Street, and continues to evaluate dispositions of other properties or other assets and/or sales of partial interests in properties. In addition, management is actively engaging with parties who have expressed interest in the Company’s assets and attributes, and may consider from time to time potential strategic transactions, including acquisition, disposition, and financing and refinancings.  Facts and circumstances that are outside of management’s control could change in the future, such as additional government mandates, health official orders, travel restrictions and extended business shutdowns due to COVID-19, and the impact of such matters on residential sentiment in New York City in particular. </p>
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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200000
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822000
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
775000
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LandAndLandImprovements
28847000
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt;margin:0pt 0pt 10pt 18pt;">c.   <i style="font-style:italic;">Use of Estimates</i> - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.</p>
us-gaap Number Of Reportable Segments
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1
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt;margin:0pt 0pt 10pt 18pt;">e.    <i style="font-style:italic;">Concentrations of Credit Risk</i> - Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents. We hold substantially all of our cash and cash equivalents in banks. Such cash balances at times exceed federally insured limits.</p>
CY2022Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
4541000
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80963000
us-gaap Interest Costs Incurred
InterestCostsIncurred
8828000
us-gaap Interest Costs Incurred
InterestCostsIncurred
10272000
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51141000
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221000
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RealEstateInvestmentPropertyAccumulatedDepreciation
15015000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
13629000
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RealEstateInvestmentPropertyNet
66016000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
67334000
CY2022Q2 us-gaap Depreciation
Depreciation
696000
CY2021Q2 us-gaap Depreciation
Depreciation
693000
us-gaap Depreciation
Depreciation
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us-gaap Depreciation
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CY2022Q2 us-gaap Finite Lived Intangible Assets Net
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FiniteLivedIntangibleAssetsNet
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tphs Intangible Assets Accumulated Amortization
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CY2021 tphs Intangible Assets Accumulated Amortization
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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185000
CY2022Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
370000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022Q2 tphs Aggregate Fees Paid By Sca To Company
AggregateFeesPaidByScaToCompany
46100000
CY2022Q2 tphs Remaining Fees To Be Paid By Sca To Company
RemainingFeesToBePaidByScaToCompany
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CY2022Q2 us-gaap Interest Costs Capitalized Adjustment
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CY2021Q2 us-gaap Interest Costs Capitalized Adjustment
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CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
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CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
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CY2022Q2 tphs Deferred Finance Costs
DeferredFinanceCosts
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CY2021Q4 tphs Deferred Finance Costs
DeferredFinanceCosts
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CY2022Q2 us-gaap Other Deferred Costs Net
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CY2021Q4 us-gaap Other Deferred Costs Net
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CY2022Q2 tphs Prepaid Expense And Other Assets Gross
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CY2021Q4 tphs Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1719000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q2 us-gaap Prepaid Expense And Other Assets
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CY2021Q4 us-gaap Prepaid Expense And Other Assets
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CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4400000
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2022Q2 tphs Maximum Number Of Board Committees In Which Designee Can Sit
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CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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217098000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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35750000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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CY2022Q2 us-gaap Deferred Finance Costs Net
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CY2022Q2 us-gaap Notes And Loans Payable
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us-gaap Interest Costs Capitalized Adjustment
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2764000
us-gaap Interest Costs Capitalized Adjustment
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CY2021Q2 us-gaap Interest Income Other
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us-gaap Interest Income Other
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CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
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CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
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us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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us-gaap Interest Income Expense Nonoperating Net
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CY2022Q2 tphs Excess Stock Par Or Stated Value Per Share
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CY2022Q2 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2022Q2 us-gaap Common Stock Shares Outstanding
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Warrants And Rights Outstanding Term
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CY2019Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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7179000
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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tphs Share Based Compensation Arrangement By Share Based Payment Award Value Of Additional Shares Authorized
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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CY2021 tphs Share Based Compensation Arrangement By Share Based Payment Award Value Of Additional Shares Authorized
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us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
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us-gaap Deferred Compensation Arrangement With Individual Exercise Price
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CY2021 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
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CY2021 us-gaap Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeituresByFormerEmployee
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CY2022Q2 tphs Federal Net Operating Loss Carryforwards Utilized To Date
FederalNetOperatingLossCarryforwardsUtilizedToDate
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q2 tphs Capital Stock Shares Authorized
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CY2022Q2 us-gaap Common Stock Shares Authorized
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CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2022Q2 us-gaap Excess Stock Shares Authorized
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CY2019Q4 tphs Warrant Agreement Threshold Minimum Beneficial Ownership Percentage
WarrantAgreementThresholdMinimumBeneficialOwnershipPercentage
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CY2019Q4 tphs Warrant Agreement Threshold Maximum Percentage Of Issued And Outstanding Common Stock After Exercise Of Warrants
WarrantAgreementThresholdMaximumPercentageOfIssuedAndOutstandingCommonStockAfterExerciseOfWarrants
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CY2022Q2 us-gaap Warrants And Rights Outstanding
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CY2021Q4 us-gaap Warrants And Rights Outstanding
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UnrealizedGainLossOnWarrants
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tphs Unrealized Gain Loss On Warrants
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CY2022Q2 tphs Warrant Holder S Right Number Of Board Members To Appoint
WarrantHolderSRightNumberOfBoardMembersToAppoint
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CY2022Q2 tphs Warrant Agreement Threshold Minimum Beneficial Ownership Percentage
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CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
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StockRepurchaseProgramAveragePricePerShare
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CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2022Q2 tphs Special Stock Shares Authorized
SpecialStockSharesAuthorized
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
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tphs Share Based Compensation Arrangement By Share Based Payment Award Forfeitures By Former Employee Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeituresByFormerEmployeeWeightedAverageGrantDateFairValue
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CY2021 tphs Share Based Compensation Arrangement By Share Based Payment Award Forfeitures By Former Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeituresByFormerEmployee
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CY2021 tphs Share Based Compensation Arrangement By Share Based Payment Award Forfeitures By Former Employee Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeituresByFormerEmployeeWeightedAverageGrantDateFairValue
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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CY2022Q2 tphs Deferred Compensation Arrangement With Individual Shares Outstanding
DeferredCompensationArrangementWithIndividualSharesOutstanding
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CY2022Q2 us-gaap Equity Method Investments
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CY2022Q2 us-gaap Derivative Liabilities
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CY2021Q2 us-gaap Derivative Liabilities
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CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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4643000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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17938000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
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CY2020Q4 us-gaap Real Estate Investment Property Net
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CY2020Q4 us-gaap Real Estate Heldforsale
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2020Q4 us-gaap Receivables Net Current
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CY2020Q4 us-gaap Deferred Rent Receivables Net
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q4 us-gaap Assets
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CY2020Q4 us-gaap Loans Payable
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CY2020Q4 us-gaap Line Of Credit
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CY2020Q4 us-gaap Secured Debt
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CY2020Q4 us-gaap Notes Payable
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CY2020Q4 us-gaap Operating Lease Liability
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CY2020Q4 us-gaap Warrants And Rights Outstanding
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CY2020Q4 us-gaap Liabilities
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CY2020Q4 tphs Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
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CY2020Q4 us-gaap Excess Stock Shares Authorized
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CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q4 us-gaap Common Stock Shares Authorized
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Shares Outstanding
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CY2020Q4 us-gaap Common Stock Value
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CY2020Q4 us-gaap Additional Paid In Capital Common Stock
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Treasury Stock Value
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Other Income
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CY2020 us-gaap Revenues
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CY2020 tphs Cost Of Property Operating Expenses
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CY2020 us-gaap Real Estate Tax Expense
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CY2020 us-gaap General And Administrative Expense
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CY2020 us-gaap Pension And Other Postretirement Benefit Expense
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CY2020 us-gaap Recapitalization Costs
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CY2020 us-gaap Depreciation And Amortization
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CY2020 us-gaap Operating Expenses
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CY2020 tphs Gain Loss On Sale Of School Condominium
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CY2020 us-gaap Operating Income Loss
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CY2020 us-gaap Income Loss From Equity Method Investments
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CY2020 us-gaap Interest Income Expense Nonoperating Net
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CY2020 us-gaap Amortization Of Financing Costs
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2020 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Net Income Loss
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CY2020 tphs Shares Issued Value Settlement Of Stock Awards
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 us-gaap Stock Issued During Period Value Issued For Services
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CY2020 us-gaap Stock Repurchased And Retired During Period Value
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CY2020Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Share Based Compensation
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CY2020 tphs Gain Loss On Sale Of School Condominium
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CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020 tphs Reduction Of Claims Liability
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CY2020 us-gaap Fair Value Adjustment Of Warrants
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CY2020 tphs Distribution Of Cumulative Earnings From Unconsolidated Joint Venture
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CY2020 us-gaap Increase Decrease In Assets Held For Sale
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Deferred Compensation
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CY2020 us-gaap Payments To Acquire Real Estate
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CY2020 tphs Proceeds From Loans And Corporate Facility
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CY2020 us-gaap Proceeds From Long Term Lines Of Credit
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CY2020 tphs Repayments Of Loans
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CY2020 us-gaap Repayments Of Long Term Lines Of Credit
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2020 tphs Proceeds From Stock Buy Back
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2020 us-gaap Income Taxes Paid
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CY2020 tphs Capitalized Stock Based Compensation Expense
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CY2020 tphs Noncash Investment In Unconsolidated Joint Venture
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CY2021Q1 us-gaap Assets
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CY2021Q1 us-gaap Liabilities
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CY2021Q1 tphs Excess Stock Par Or Stated Value Per Share
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CY2021Q1 us-gaap Excess Stock Shares Authorized
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CY2022Q1 tphs Reduction Of Claims Liability
ReductionOfClaimsLiability
-119000
CY2022Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
369000
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
746000
CY2022Q1 tphs Distribution Of Cumulative Earnings From Unconsolidated Joint Venture
DistributionOfCumulativeEarningsFromUnconsolidatedJointVenture
168000
CY2022Q1 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-3548000
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-24000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1008000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1474000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
375000
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
64000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64000
CY2022Q1 tphs Proceeds From Loans And Corporate Facility
ProceedsFromLoansAndCorporateFacility
2390000
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11642000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
291000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9543000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9232000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24845000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15613000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4310000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
20535000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24845000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1381000
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
14232000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15613000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3050000
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
66000
CY2022Q1 tphs Capitalized Amortization Of Deferred Financing Costs And Lease Commissions
CapitalizedAmortizationOfDeferredFinancingCostsAndLeaseCommissions
583000
CY2022Q1 tphs Capitalized Stock Based Compensation Expense
CapitalizedStockBasedCompensationExpense
18000

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