Broad Street Realty Delays Quarterly Report Filing

Broad Street Realty ( (BRST) ) has released a notification of late filing.

Broad Street Realty, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to a change in management control of its subsidiary, Eagles Sub-OP, which has impacted the company’s ability to access cash and requires additional time for financial analysis and disclosures. The company expects to file the report within five calendar days following the prescribed due date. Financially, Broad Street Realty anticipates a 5% increase in revenues to $10.6 million but also expects a net loss of $5.6 million for the quarter. The company has expressed concerns about its ability to continue as a going concern due to significant outstanding debts and the need for property sales or financing. The notification was signed by CEO Michael Z. Jacoby, indicating ongoing compliance efforts.

More about Broad Street Realty

Average Trading Volume: 100,529

Technical Sentiment Signal: Sell

Current Market Cap: $972.2K

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