Mon, May 5, 10:08 AM (8 days ago)
**Gyrodyne, LLC (GYRO) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Net Assets:** $30.81 million as of March 31, 2025, up from $30.59 million in December 2024. - **Cash and Cash Equivalents:** $5.79 million. - **Liabilities:** Total liabilities decreased slightly to $25.49 million. - **Profit Margins:** The increase in net assets is primarily due to higher rental revenue and savings in expenses. **Revenue and Profit Margins:** - **Rental Revenue:** Increased by approximately $181,000. - **Expenses:** Savings in rental expenses and general administrative fees by approximately $16,000 and $67,000, respectively, offset by additional land development fees of $50,000. **Cash Flow:** - **Operating Cash Flow:** Positive, with $818,380 in rent and reimbursements offset by $494,805 in operating costs. - **Non-Operating Cash Flow:** Includes corporate expenditures, working capital, selling costs, and principal payments on loans. **Earnings Changes:** - **Estimated Distributions:** Approximately $14.01 per share, based on 2,199,308 shares outstanding. **Quarterly Performance Discussion:** - **Property Sales:** The company is pursuing entitlements to increase development flexibility for its Flowerfield and Cortlandt Manor properties. - **Legal Proceedings:** The Article 78 Proceeding is ongoing, with Gyrodyne defending its position. The process of negotiating purchase agreements and securing final approvals is expected to extend into 2026. - **Market Conditions:** The company is affected by macroeconomic factors such as interest rates and inflation, which impact real estate markets. **Trends and Uncertainties:** - **Market Risks:** The real estate market's cyclical nature and macroeconomic factors pose risks to the company's financial performance. - **Legal Risks:** The outcome of the Article 78 Proceeding and other legal proceedings could impact the timeline and value of property sales. **Future Operations Impact:** - **Strategic Plan:** Gyrodyne aims to dissolve after selling all real property assets, settling debts, and distributing proceeds to shareholders. - **Liquidity:** The company has sufficient cash and cash equivalents to fund operations and liquidation processes through the end of 2026. **Ticker:** GYRO **Note:** This summary is based on the provided text and does not include all details from the original document. For a complete understanding, refer to the full Gyrodyne, LLC Q1 2025 10-Q filing.