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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-1.7%

TPHS

2.1%

US Real Estate

0.5%

US Market


1 Year Return

-29.5%

TPHS

7.4%

US Real Estate

6.8%

US Market

Return vs Industry: TPHS underperformed the US Real Estate industry which returned 7.4% over the past year.

Return vs Market: TPHS underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

TPHSIndustryMarket
7 Day-1.7%2.1%0.5%
30 Day8.2%-0.4%-0.8%
90 Day2.3%-0.3%-0.9%
1 Year-29.5%-29.5%8.5%7.4%9.2%6.8%
3 Year-58.2%-58.2%30.4%27.0%45.6%36.2%
5 Year-31.3%-31.3%12.1%7.8%63.2%45.4%

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?

2.37x

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 (2.4x) compared to the US Real Estate industry average (1.5x).


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?

4.7%

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?

-3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TPHS is unprofitable, and losses have increased over the past 5 years at a rate of -3.9% 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 (-20%).


Return on Equity

High ROE: TPHS has a negative Return on Equity (-16.57%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TPHS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TPHS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Trinity Place Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TPHS's short term assets ($24.6M) do not cover its short term liabilities ($26.3M)

Long Term Liabilities: TPHS's short term assets (24.6M) do not cover its long term liabilities (228.9M)


Debt to Equity History and Analysis

Debt Level: TPHS's debt to equity ratio (286.1%) 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 0.2x 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 3 years based on its current free cash flow.

Forecast Cash Runway: TPHS has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 68.8% 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%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Trinity Place Holdings's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Matthew Messinger (47yo)

6yrs

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: Insufficient data to establish whether Matthew's total compensation is reasonable compared to companies of similar size in the US market.

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


Management Age and Tenure

4.4yrs

Average Tenure

51yo

Average Age

Experienced Management: TPHS's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

60yo

Average Age

Experienced Board: TPHS's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,92502 Jul 19
Steven Kahn
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares500
Max PriceUS$3.85
SellUS$13,327,72613 Jun 19
Marcato Capital Management, LLC
EntityCompany
Shares3,702,146
Max PriceUS$3.60
BuyUS$2,160,00012 Jun 19
Third Avenue Management, LLC
EntityCompany
Shares600,000
Max PriceUS$3.60
BuyUS$7,657,72612 Jun 19
MFP Investors LLC
EntityCompany
Shares2,127,146
Max PriceUS$3.60
BuyUS$1,99521 May 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares500
Max PriceUS$3.99
BuyUS$99826 Apr 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares250
Max PriceUS$3.99
BuyUS$32,34022 Mar 19
Jeffrey Citrin
EntityIndividual
Role
Member of the Board of Directors
Additional Independent Director
Shares8,000
Max PriceUS$4.04
BuyUS$3,92907 Feb 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$3.93
BuyUS$2,01406 Feb 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares500
Max PriceUS$4.03
BuyUS$1,03005 Feb 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares250
Max PriceUS$4.12
BuyUS$80005 Feb 19
Steven Kahn
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares200
Max PriceUS$4.00
BuyUS$8,18604 Jan 19
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceUS$4.09
BuyUS$42031 Dec 18
Steven Kahn
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares100
Max PriceUS$4.20
BuyUS$8,44131 Dec 18
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceUS$4.22
BuyUS$58,94620 Dec 18
MFP Investors LLC
EntityCompany
Shares13,385
Max PriceUS$4.50
BuyUS$122,89917 Dec 18
MFP Investors LLC
EntityCompany
Shares27,704
Max PriceUS$4.50
BuyUS$6,81013 Dec 18
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares1,500
Max PriceUS$4.54
BuyUS$71,55412 Dec 18
MFP Investors LLC
EntityCompany
Shares15,279
Max PriceUS$4.75
BuyUS$4,68007 Dec 18
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$4.68
BuyUS$71,52004 Dec 18
MFP Investors LLC
EntityCompany
Shares14,578
Max PriceUS$4.92
BuyUS$98603 Dec 18
Steven Kahn
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares200
Max PriceUS$4.93
BuyUS$55,80528 Nov 18
Jeffrey Citrin
EntityIndividual
Role
Member of the Board of Directors
Additional Independent Director
Shares11,042
Max PriceUS$5.08
BuyUS$50526 Nov 18
Steven Kahn
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares100
Max PriceUS$5.05
BuyUS$7,67821 Nov 18
Matthew Messinger
EntityIndividual
Role
Chief Executive Officer
President
Shares1,500
Max PriceUS$5.12
BuyUS$10,27021 Nov 18
Joanne Minieri
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$5.14
BuyUS$74,98724 Oct 18
MFP Investors LLC
EntityCompany
Shares13,053
Max PriceUS$5.85

Ownership Breakdown


Management Team

  • Matthew Messinger (47yo)

    President

    • Tenure: 6yrs
    • Compensation: US$1.39m
  • Richard Pyontek (51yo)

    Chief Accounting Officer

    • Tenure: 4.8yrs
    • Compensation: US$306.26k
  • Miriam Harris

    Executive Vice President

    • Tenure: 0yrs
  • Steven Kahn (53yo)

    Chief Financial Officer

    • Tenure: 4.1yrs
    • Compensation: US$909.78k
  • Charles Gans

    Senior Vice President

    • Tenure: 2yrs

Board Members

  • Alex Matina (43yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: US$122.74k
  • Jeffrey Citrin (61yo)

    Additional Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$70.23k
  • Alan Cohen (82yo)

    Independent Director

    • Tenure: 7.1yrs
    • Compensation: US$100.50k
  • Joanne Minieri (59yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$107.50k
  • Matthew Messinger (47yo)

    President

    • Tenure: 6yrs
    • Compensation: US$1.39m
  • Keith Pattiz (67yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$95.50k

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$130.489m
  • Shares outstanding: 31.90m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:39
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.