2024 Q1 Form 10-K Financial Statement

#000155837024004371 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.357M $1.550M $33.60M
YoY Change -84.0% -84.91% -21.83%
Cost Of Revenue $780.0K $1.858M $6.304M
YoY Change -54.91% 3.51% 7.27%
Gross Profit $1.577M -$308.0K $27.30M
YoY Change -87.87% -103.63% -26.43%
Gross Profit Margin 66.91% -19.87% 81.24%
Selling, General & Admin $1.106M $1.247M $6.037M
YoY Change -23.41% -5.39% 4.92%
% of Gross Profit 70.13% 22.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.096M $1.178M $6.770M
YoY Change -42.07% -37.37% 4.62%
% of Gross Profit 69.5% 24.8%
Operating Expenses $4.215M $1.315M $36.80M
YoY Change -74.82% -87.35% -28.67%
Operating Profit -$1.858M -$1.623M -$9.504M
YoY Change -7.65% -15.34% 10.36%
Interest Expense -$3.883M -$8.251M -$29.13M
YoY Change -38.64% 19.81% 85.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.147M -$9.967M -$38.84M
YoY Change -233.3% 11.15% 90.35%
Income Tax $86.00K $8.000K $183.0K
% Of Pretax Income 1.06%
Net Earnings $8.061M -$9.975M -$39.02M
YoY Change -229.27% 11.04% 88.59%
Net Earnings / Revenue 342.0% -643.55% -116.12%
Basic Earnings Per Share $0.15 -$1.02
Diluted Earnings Per Share $0.16 -$0.26 -$1.02
COMMON SHARES
Basic Shares Outstanding 63.79M 38.20M 38.36M
Diluted Shares Outstanding 52.86M 38.36M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.0K $264.0K $264.0K
YoY Change -88.96% -82.95% -82.95%
Cash & Equivalents $285.0K $583.0M $264.0K
Short-Term Investments
Other Short-Term Assets $268.0K $1.268M $1.268M
YoY Change -84.65% -49.16% -49.16%
Inventory
Prepaid Expenses
Receivables $120.0K $356.0K $356.0K
Other Receivables $0.00 $307.0K $307.0K
Total Short-Term Assets $673.0K $2.195M $2.195M
YoY Change -85.9% -50.86% -50.86%
LONG-TERM ASSETS
Property, Plant & Equipment $418.0K $62.84M $62.84M
YoY Change -99.36% -4.2% -4.2%
Goodwill
YoY Change
Intangibles $6.952M
YoY Change -9.62%
Long-Term Investments
YoY Change
Other Assets $5.063M $192.6M $192.6M
YoY Change -97.6% -13.81% -13.81%
Total Long-Term Assets $5.490M $265.3M $265.3M
YoY Change -98.07% -12.28% -12.28%
TOTAL ASSETS
Total Short-Term Assets $673.0K $2.195M $2.195M
Total Long-Term Assets $5.490M $265.3M $265.3M
Total Assets $6.163M $267.5M $267.5M
YoY Change -97.87% -12.84% -12.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $565.0K $19.42M $19.42M
YoY Change -97.34% 2.1% 2.1%
Accrued Expenses $2.148M $10.97M $10.97M
YoY Change 130.72% 957.76% 957.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $71.75M
YoY Change
Total Short-Term Liabilities $2.713M $30.39M $102.1M
YoY Change -87.74% 51.52% 409.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $247.2M $175.4M
YoY Change -100.0% -4.5% -32.22%
Other Long-Term Liabilities $792.0K
YoY Change 19.82%
Total Long-Term Liabilities $792.0K $247.2M $175.4M
YoY Change -99.68% -4.76% -32.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.713M $30.39M $102.1M
Total Long-Term Liabilities $792.0K $247.2M $175.4M
Total Liabilities $3.505M $277.6M $277.6M
YoY Change -98.69% -0.73% -0.73%
SHAREHOLDERS EQUITY
Retained Earnings -$87.84M -$95.91M
YoY Change 39.17% 68.59%
Common Stock $150.3M $145.8M
YoY Change 3.36% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.658M -$10.05M -$10.05M
YoY Change
Total Liabilities & Shareholders Equity $6.163M $267.5M $267.5M
YoY Change -97.87% -12.84% -12.84%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $8.061M -$9.975M -$39.02M
YoY Change -229.27% 11.04% 88.59%
Depreciation, Depletion And Amortization $1.096M $1.178M $6.770M
YoY Change -42.07% -37.37% 4.62%
Cash From Operating Activities -$4.454M -$4.449M -$5.474M
YoY Change -209.06% -18.77% -505.18%
INVESTING ACTIVITIES
Capital Expenditures $8.000K $171.0K
YoY Change 83.87%
Acquisitions
YoY Change
Other Investing Activities -$6.904M $0.00 $7.240M
YoY Change -195.36% -58.43%
Cash From Investing Activities -$6.904M -$8.000K $7.069M
YoY Change -195.74% -59.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$205.0K
YoY Change -170.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.991M 3.762M -15.31M
YoY Change -147.89% -76.28% -28.7%
NET CHANGE
Cash From Operating Activities -4.454M -4.449M -5.474M
Cash From Investing Activities -6.904M -8.000K 7.069M
Cash From Financing Activities 6.991M 3.762M -15.31M
Net Change In Cash -4.367M -695.0K -13.71M
YoY Change 32.17% -106.69% 391.4%
FREE CASH FLOW
Cash From Operating Activities -$4.454M -$4.449M -$5.474M
Capital Expenditures $8.000K $171.0K
Free Cash Flow -$4.457M -$5.645M
YoY Change -18.62% -548.73%

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CY2021 tphs Capitalized Stock Based Compensation Expense
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CY2022 tphs Unrealized Gain Loss On Pension Liability
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 10pt 0pt;">NOTE 1 – BASIS OF PRESENTATION</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 10pt 0pt;">General Business Plan</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 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 a property located at 77 Greenwich Street in Lower Manhattan (“77 Greenwich”), which is substantially complete 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 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>”), 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 10pt 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 $316.6 million of federal net operating loss carryforwards (“NOLs”) at December 31, 2023, as well as approximately $318.3 million of various state and local NOLs, 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 10pt 0pt;">Square footage, leased occupancy percentage and residential unit disclosures in the notes to consolidated financial statements are unaudited.</p>
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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 (see Note 2g.  Residential Condominium Units for Sale for further discussion).</p>
CY2023 us-gaap Number Of Reportable Segments
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CY2023 us-gaap Concentration Risk Credit Risk
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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>
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
183000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
288000
CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
288000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.129
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.136
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.167
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.005
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.011
CY2023Q4 tphs Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7000
CY2022Q4 tphs Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
88212000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
74313000
CY2023Q4 tphs Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Depreciation
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDepreciation
5698000
CY2022Q4 tphs Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Depreciation
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDepreciation
5717000
CY2023Q4 tphs Deferred Tax Assets Tax Deferred Lease Liability
DeferredTaxAssetsTaxDeferredLeaseLiability
210000
CY2022Q4 tphs Deferred Tax Assets Tax Deferred Lease Liability
DeferredTaxAssetsTaxDeferredLeaseLiability
359000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
209000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
212000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
225000
CY2023Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
2000
CY2022Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
448000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
389000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
356000
CY2023Q4 us-gaap Deferred Tax Assets Gross
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94727000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
81636000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
91284000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
78285000
CY2023Q4 us-gaap Deferred Tax Assets Net
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3443000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3351000
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2436000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2706000
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
235000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
261000
CY2023Q4 tphs Deferred Tax Liabilities Pension Cost
DeferredTaxLiabilitiesPensionCost
474000
CY2022Q4 tphs Deferred Tax Liabilities Pension Cost
DeferredTaxLiabilitiesPensionCost
0
CY2023Q4 tphs Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
298000
CY2022Q4 tphs Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
384000
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3443000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3351000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023 tphs Deferred Tax Asset Net Current
DeferredTaxAssetNetCurrent
0
CY2022 tphs Deferred Tax Asset Net Current
DeferredTaxAssetNetCurrent
0
CY2023 tphs Deferred Tax Asset Net Noncurrent
DeferredTaxAssetNetNoncurrent
0
CY2022 tphs Deferred Tax Asset Net Noncurrent
DeferredTaxAssetNetNoncurrent
0
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023Q4 tphs Federal Net Operating Loss Carryforwards Utilized To Date
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20100000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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91300000
CY2023 tphs Number Of Retail Lease Signed Expires
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1
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
4015000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
841000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
489000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
443000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
357000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1836000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
7981000
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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14200000
CY2023Q4 tphs Number Of Debt Instruments
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5
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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247500000
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
247500000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
13268000
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
14308000
CY2023 us-gaap Defined Benefit Plan Interest Cost
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642000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
694000
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-264000
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-888000
CY2023 tphs Defined Benefit Plan Benefits Received Paid
DefinedBenefitPlanBenefitsReceivedPaid
-853000
CY2022 tphs Defined Benefit Plan Benefits Received Paid
DefinedBenefitPlanBenefitsReceivedPaid
-846000
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
12793000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
13268000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
12617000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
15940000
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
853000
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
846000
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
1999000
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
14163000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
12617000
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
1370000
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
447000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
470000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
470000
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
642000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
694000
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
665000
CY2023 tphs Defined Benefit Plan Gain Loss On Plan Assets
DefinedBenefitPlanGainLossOnPlanAssets
-753000
CY2022 tphs Defined Benefit Plan Gain Loss On Plan Assets
DefinedBenefitPlanGainLossOnPlanAssets
-953000
CY2021 tphs Defined Benefit Plan Gain Loss On Plan Assets
DefinedBenefitPlanGainLossOnPlanAssets
-842000
CY2023 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-518000
CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-105000
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
407000
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-259000
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-72000
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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0.050
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.050
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.050
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.000
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.000
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.000
CY2021 tphs Expected Long Term Rate Of Return
ExpectedLongTermRateOfReturn
0.06
CY2022 tphs Expected Long Term Rate Of Return
ExpectedLongTermRateOfReturn
0.06
CY2023 tphs Expected Long Term Rate Of Return
ExpectedLongTermRateOfReturn
0.06
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
1082000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1239000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1099000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1194000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
977000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
4922000
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
52000
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
61000
CY2021 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
69000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
470000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
116000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
586000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
569000
CY2023Q1 tphs Temporary Certificate Of Occupancy For Residential Condominium Units Percent
TemporaryCertificateOfOccupancyForResidentialCondominiumUnitsPercent
1
CY2020Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5900000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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247503000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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247503000
CY2023Q4 us-gaap Deferred Finance Costs Net
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334000
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
247169000
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
29918000
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
20616000
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
21238000
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
689000
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4915000
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13314000
CY2021 us-gaap Interest Income Other
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2000
CY2023 us-gaap Interest Income Expense Nonoperating Net
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-29229000
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15701000
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-7922000
CY2023Q4 tphs Capital Stock Shares Authorized
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120000000
CY2022Q4 us-gaap Common Stock Shares Authorized
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79999997
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
79999997
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
1
CY2023Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
1
CY2022Q4 tphs Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2023Q4 tphs Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44965083
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
43448384
CY2023Q4 us-gaap Common Stock Shares Outstanding
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38199386
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36907862
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
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P10Y
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7179000
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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6.50
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.50
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.31
CY2023 tphs Unrealized Gain Loss On Warrants
UnrealizedGainLossOnWarrants
73000
CY2022 tphs Unrealized Gain Loss On Warrants
UnrealizedGainLossOnWarrants
1100000
CY2022Q4 tphs Special Stock Shares Authorized
SpecialStockSharesAuthorized
1
CY2023Q4 tphs Special Stock Shares Authorized
SpecialStockSharesAuthorized
1
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1057824
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1569449
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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2000000
CY2023 tphs Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Deferred
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesDeferred
380484
CY2023 tphs Share Based Compensation Arrangement By Share Based Payment Award Deferred Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredWeightedAverageGrantDateFairValue
0.50
CY2022 tphs Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Deferred
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesDeferred
152217
CY2022 tphs Share Based Compensation Arrangement By Share Based Payment Award Deferred Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredWeightedAverageGrantDateFairValue
1.25
CY2023 tphs Share Based Compensation Arrangement By Share Based Payment Award Forfeited Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeitedWeightedAverageGrantDateFairValue
0
CY2022 tphs Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesForfeited
60500
CY2022 tphs Share Based Compensation Arrangement By Share Based Payment Award Forfeited Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeitedWeightedAverageGrantDateFairValue
1.68
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2041643
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1057824
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
527999
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.80
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
551083
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.14
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
381760
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.68
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
333500
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.84
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
362176
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.49
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
296084
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
2.22
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
60500
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
1.68
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
547583
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.16
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
527999
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.80
CY2023Q4 tphs Deferred Compensation Arrangement With Individual Shares Outstanding
DeferredCompensationArrangementWithIndividualSharesOutstanding
817614
CY2022Q4 tphs Deferred Compensation Arrangement With Individual Shares Outstanding
DeferredCompensationArrangementWithIndividualSharesOutstanding
437170
CY2023 tphs Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalStatementOfIncomeExtensibleListNotDisclosedFlag
true
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
71750000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
28847000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
45824000
CY2023 tphs Real Estate And Accumulated Depreciation Buildings And Improvement
RealEstateAndAccumulatedDepreciationBuildingsAndImprovement
6556000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
28847000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
52380000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
81227000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
18903000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
81056000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
80963000
CY2023 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
171000
CY2022 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
93000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
81227000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
81056000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
16405000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
13629000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
2498000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
2776000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
18903000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
16405000

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