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An update from Atlanta Braves Holdings Inc Class A ( (BATRA) ) is now available.
On April 1, 2025, Atlanta Braves Holdings, Inc., through its subsidiary Braves Development Company, acquired the Pennant Park office complex in Atlanta, Georgia, for approximately $93 million from Rubenstein Partners. This acquisition, which includes 763,465 square feet of office space and over 2,700 parking spaces, is strategically positioned to enhance the company’s real estate portfolio and expand its footprint adjacent to The Battery Atlanta. The property, with over 80% occupancy and notable tenants like The Home Depot, is expected to provide immediate value to the company and its stakeholders by increasing enterprise value and offering expanded amenities to the community.
More about Atlanta Braves Holdings Inc Class A
Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) owns and operates the Atlanta Braves Major League Baseball Club and manages a real estate portfolio, including The Battery Atlanta, a mixed-use development. The company also operates Truist Park, the stadium for the baseball club.
YTD Price Performance: 8.12%
Average Trading Volume: 52,480
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.5B
For detailed information about BATRA stock, go to TipRanks’ Stock Analysis page.