AMEX:TPHS

Stock Analysis Report

Executive Summary

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, primarily acquires, invests in, owns, manages, develops or redevelops, and sells real estate assets and/or real estate related securities in the United States.

Risk Analysis

Earnings have declined by -7.75% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have meaningful revenue ($4M)



Snowflake Analysis

Imperfect balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Trinity Place Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPHS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.3%

TPHS

0.6%

US Real Estate

0.06%

US Market


1 Year Return

-14.4%

TPHS

9.2%

US Real Estate

19.4%

US Market

Return vs Industry: TPHS underperformed the US Real Estate industry which returned 9.2% over the past year.

Return vs Market: TPHS underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

TPHSIndustryMarket
7 Day-0.3%0.6%0.06%
30 Day6.4%1.9%1.1%
90 Day-5.8%9.5%8.9%
1 Year-14.4%-14.4%10.2%9.2%21.9%19.4%
3 Year-62.8%-62.8%29.0%25.9%48.9%39.3%
5 Year-52.1%-52.1%15.4%11.6%71.9%53.1%

Price Volatility Vs. Market

How volatile is Trinity Place Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trinity Place Holdings undervalued compared to its fair value and its price relative to the market?

2.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TPHS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TPHS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TPHS is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: TPHS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TPHS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPHS is overvalued based on its PB Ratio (2.1x) compared to the US Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Trinity Place Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trinity Place Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Trinity Place Holdings performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPHS is currently unprofitable.

Growing Profit Margin: TPHS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPHS is unprofitable, and losses have increased over the past 5 years at a rate of -7.8% per year.

Accelerating Growth: Unable to compare TPHS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPHS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-31.1%).


Return on Equity

High ROE: TPHS has a negative Return on Equity (-17.9%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Trinity Place Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TPHS's short term assets ($21.1M) do not cover its short term liabilities ($21.2M).

Long Term Liabilities: TPHS's short term assets ($21.1M) do not cover its long term liabilities ($252.1M).


Debt to Equity History and Analysis

Debt Level: TPHS's debt to equity ratio (326.4%) is considered high.

Reducing Debt: Insufficient data to determine if TPHS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: TPHS has a high level of physical assets or inventory.

Debt Coverage by Assets: TPHS's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TPHS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TPHS has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 21.1% each year.


Next Steps

Dividend

What is Trinity Place Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TPHS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TPHS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TPHS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPHS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPHS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Matthew Messinger (47yo)

6.3yrs

Tenure

US$1,389,440

Compensation

Mr. Matthew Messinger has been the Chief Executive Officer and President at Trinity Place Holdings Inc. since October 1, 2013 and has been its Director since March 9, 2016. Mr. Messinger serves as Senior V ...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD1.39M) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Messinger
President6.3yrsUS$1.39m3.91% $4.4m
Steven Kahn
Chief Financial Officer4.4yrsUS$909.78k0.23% $259.9k
Richard Pyontek
Chief Accounting Officer5.1yrsUS$306.26k0.074% $84.1k
Miriam Harris
Executive Vice President0yrsno datano data
Charles Gans
Senior Vice President2.3yrsno datano data

4.8yrs

Average Tenure

51yo

Average Age

Experienced Management: TPHS's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Messinger
President6.3yrsUS$1.39m3.91% $4.4m
Alexander Matina
Independent Chairman0yrsUS$122.74k0.10% $114.3k
Jeffrey Citrin
Additional Independent Director1.8yrsUS$70.23k0.31% $352.8k
Alan Cohen
Independent Director7.4yrsUS$100.50k0.091% $102.4k
Joanne Minieri
Independent Director6.3yrsUS$107.50k0.37% $421.3k
Keith Pattiz
Independent Director6.3yrsUS$95.50k0.14% $154.8k

6.3yrs

Average Tenure

60yo

Average Age

Experienced Board: TPHS's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TPHS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trinity Place Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trinity Place Holdings Inc.
  • Ticker: TPHS
  • Exchange: AMEX
  • Founded: 1959
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$112.948m
  • Shares outstanding: 31.88m
  • Website: https://www.tphs.com

Number of Employees


Location

  • Trinity Place Holdings Inc.
  • 340 Madison Avenue
  • Suite 3C
  • New York
  • New York
  • 10173
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPHSAMEX (NYSE MKT LLC)YesCommon StockUSUSDSep 1983

Biography

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, primarily acquires, invests in, owns, manages, develops or redevelops, and sells real estate assets and/or real estate related securities in the United States. The company’s principal asset is located at 77 Greenwich Street in Lower Manhattan. It also owns other commercial real estate properties located in Paramus, New Jersey and Brooklyn, New York, as well as a retail strip center located in West Palm Beach, Florida. The company also controls various intellectual property assets focused on the consumer sector, including its online marketplace at FilenesBasement.com, its rights to the Stanley Blacker brand, as well as the intellectual property associated with the running of the Brides event. Trinity Place Holdings Inc. was founded in 1959 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 02:03
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.