BBX CAPITAL INC A - BBXIA STOCK NEWS

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) has released its financial results for the second quarter of 2024. The company reported total consolidated revenues of $75.2 million, down from $106.8 million in Q2 2023. BBX Capital experienced a loss before income taxes of $(12.2) million, compared to $(8.7) million in the same period last year. The net loss attributable to shareholders was $(10.0) million, with a diluted loss per share of ($0.74).

As of June 30, 2024, BBX Capital's balance sheet showed cash and cash equivalents of $116.0 million, total consolidated assets of $645.7 million, and total shareholders' equity of $286.2 million. The company's fully diluted book value per share stood at $19.96. BBX Capital's principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

BBX Logistics Properties, a subsidiary of BBX Capital Real Estate, announced a joint venture with FRP Development Corp to develop a 182,000-square-foot logistics park in Davie, Florida. The project, named The Park at Davie, will be built on an 11.3-acre site acquired from Signature Grand. The site is strategically located near major transportation routes and will cater to the growing demand for logistics space in the area. The construction is slated to begin in Q4 2024 and is expected to be completed in 2025. This marks another significant collaboration between BBX and FRP, following their recent venture in Lakeland, Florida.

BBX Capital, Inc. reported a decline in financial performance for the first quarter of 2024 compared to the same period in 2023. Total consolidated revenues decreased to $81.0 million from $95.0 million, resulting in a net loss of $(13.0) million, compared to a net income of $7.9 million. The loss before income taxes was $(15.4) million, a decline from income before taxes of $9.2 million. Despite these challenges, the company maintained a strong balance sheet with cash and cash equivalents of $108.2 million, securities available for sale of $30.6 million, and total consolidated assets of $657.9 million. Shareholders' equity stood at $299.3 million, with a fully diluted book value per share of $20.20.

BBX Capital, Inc. (BBXIA) reported financial results for Q4 and year ended December 31, 2023. Q4 saw a decrease in revenues and a net loss compared to the previous year. The year ended with increased revenues but a net loss. The balance sheet showed cash and cash equivalents of $90.3 million, securities available for sale of $44.6 million, and total assets of $674.2 million.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) announced the final results of its cash tender offer to purchase up to 500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. A total of 737,134 shares were properly tendered and not withdrawn, and BBX Capital will purchase 726,043 shares. The aggregate price for the shares to be purchased is approximately $5.8 million. After the purchase and cancellation of the shares, BBX Capital will have 14,430,319 shares of Common Stock issued and outstanding.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) announced the preliminary results of its cash tender offer to purchase up to 500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The tender offer expired on Wednesday, December 20, 2023, with a total of 737,134 shares properly tendered. The Company will purchase 726,043 shares at an aggregate price of approximately $5.8 million. The proration factor for the tender offer is estimated to be approximately 98.5%. The final results will be announced by December 27, 2023.

BBX Capital, Inc. (BBXIA) Announces Cash Tender Offer for 500,000 Shares of its Class A Common Stock at $8.00 per Share

BBX Capital, Inc. (BBXIA) Reports Q3 2023 Financial Results: Total consolidated revenues of $103.3M, net loss of $(7.8)M, and diluted loss per share of $(0.55). The company's portfolio companies are facing challenges due to inflationary pressures, rising interest rates, and global economic uncertainty. The operating results reflect a general slowdown in activity, but the company remains focused on generating growth and adapting strategies. The full financial report will be available on November 8, 2023.

BBX Capital, Inc. plans to release its financial results for the third quarter of 2023 on November 8, 2023.