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BBX CAPITAL INC A - BBXIA STOCK NEWS

Welcome to our dedicated page for BBX CAPITAL A news (Ticker: BBXIA), a resource for investors and traders seeking the latest updates and insights on BBX CAPITAL A stock.

BBX Capital (NYSE: BBX) is a company involved in real estate acquisitions, ownership, management, joint ventures, and investments. They also manage middle market operating businesses and have ownership interests in Bluegreen Corporation. Bluegreen manages the Bluegreen Vacation Club, a points-based vacation ownership plan with over 180,000 owners and access to 4,000 resorts worldwide.

BBX Capital has a history of investing in financial services, retail brokerage, investment banking, timeshare, real estate, confections, and other sectors.

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BBX Capital, Inc. announced the preliminary results of its cash tender offer to buy up to 1,000,000 shares of its Class A Common Stock at $10.00 per share. The tender offer expired on December 21, 2022, with 2,268,252 shares tendered. BBX Capital plans to purchase 1,200,000 shares, totaling approximately $12.0 million. This represents about 9.8% of Class A shares and 7.5% of total outstanding shares. A pro rata proration factor of about 52.9% is anticipated. Final results and payment details are expected by December 28, 2022.

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BBX Capital Real Estate, a subsidiary of BBX Capital, Inc. (OTC: BBXIA, BBXIB), has partnered with The Altman Companies to develop the Altra Kendall project in Miami, Florida. This luxury mid-rise apartment community will feature 342 units with various amenities, including a fitness center, business centers, and a resort-style pool, and is expected to receive Florida Green Building Coalition certification. BBXRE invested approximately $1.5 million and $4.2 million in total for the venture, with the first units anticipated to be delivered in 2024.

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BBX Capital reported its third quarter 2022 financial results, showing a decline in total revenues to $75.2 million from $91.8 million in 2021. Income before taxes dropped to $6.5 million, with net income attributable to shareholders at $4.0 million, down from $19.2 million. The diluted earnings per share fell to $0.26 from $1.13. Despite these declines, BBX Capital realized a $16.4 million cash distribution from joint venture sales and continues to explore growth opportunities amidst challenges like inflation and rising interest rates.

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BBX Capital, Inc. (OTCQX: BBXIA; PINK: BBXIB) announced plans to release its financial results for the quarter ending September 30, 2022. The press release is scheduled for November 9, 2022, after market close.

As a diversified holding company based in Florida, BBX Capital's principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For more details, visit www.BBXCapital.com.

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BBX Capital reported its Q2 2022 financial results, showing total revenues of $83.7 million, up from $61.7 million year-over-year. However, net income dropped to $10.5 million from $20.1 million, resulting in diluted EPS of $0.68 compared to $1.07. The company faced challenges, including inflation and rising interest rates. BBX Capital Real Estate saw increased profits from joint ventures, while IT'SUGAR continued to grow. Conversely, Renin reported a loss due to supply chain issues and customer demand decline.

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BBX Capital Real Estate, a subsidiary of BBX Capital (OTC: BBXIA, BBXIB), has successfully sold the multifamily apartment communities Altis Miramar and Altra Miramar in Miramar, Florida. The sale, finalized recently, resulted in a net cash distribution of approximately $16.4 million to BBX Capital Real Estate. The joint venture, formed by The Altman Companies in 2019 for development, has generated considerable returns for BBX, which had an investment of $2.9 million in the venture as of March 31, 2022.

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BBX Capital, Inc. plans to announce its financial results for the quarter ending June 30, 2022, after market close on Tuesday, August 9, 2022. The company, listed under OTCQX: BBXIA and PINK: BBXIB, is a Florida-based diversified holding company with principal holdings that include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. Investors are encouraged to visit www.BBXCapital.com for more information.

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BBX Capital Real Estate announced the completion of the sale of Altis Little Havana, a 224-unit multifamily community in Miami, Florida. The joint venture is expected to yield a net cash distribution of approximately $9.5 million and equity earnings of around $8.4 million for the quarter ending June 30, 2022. The project, developed in partnership with The Altman Companies, began construction in 2019 and was substantially completed in 2022. BBX Capital continues to diversify its real estate portfolio with plans to acquire a larger stake in The Altman Companies in 2023.

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BBX Capital (OTCQX: BBXIA) reported a net loss of $1.8 million for Q1 2022, compared to a profit of $2.3 million in Q1 2021. Total consolidated revenues increased to $75.5 million from $61.9 million. The loss per share was $0.12, down from $0.12 earnings previously. Renin faced significant challenges with a drop in trade sales to $33.5 million and a gross margin of just 5.1%. Despite difficulties, BBX expects future growth from its real estate investments and IT’SUGAR’s demand. BBX Capital’s total assets stand at $532.4 million with cash reserves of $114.6 million.

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BBX Capital, Inc. (OTCQX: BBXIA, PINK: BBXIB) announced it will release its financial results for the first quarter of 2022 after market close on May 10, 2022. The company is a diversified holding firm based in Florida, with significant holdings in BBX Capital Real Estate, BBX Sweet Holdings, and Renin. Investors can expect insight into the company's financial performance and strategic direction during this upcoming announcement.

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FAQ

What is the current stock price of BBX CAPITAL A (BBXIA)?

The current stock price of BBX CAPITAL A (BBXIA) is $7.5 as of December 20, 2024.

What is the market cap of BBX CAPITAL A (BBXIA)?

The market cap of BBX CAPITAL A (BBXIA) is approximately 107.8M.

What does BBX Capital do?

BBX Capital is involved in real estate acquisitions, ownership, management, joint ventures, and investments. They also manage middle market operating businesses.

What is Bluegreen Corporation?

BBX Capital and its holding company, BFC Financial Corporation, have ownership interests in Bluegreen Corporation. Bluegreen manages the Bluegreen Vacation Club.

How many owners does the Bluegreen Vacation Club have?

The Bluegreen Vacation Club has over 180,000 owners.

How many resorts does Bluegreen manage?

Bluegreen manages over 60 owned or managed resorts and has access to more than 4,000 resorts worldwide.

What sectors has BBX Capital invested in?

BBX Capital has invested in financial services, retail brokerage, investment banking, timeshare, real estate, confections, and other sectors.

What is the ownership interest of BBX and BFC in Bluegreen Corporation?

BBX and BFC have a 46% and 54% ownership interest in Bluegreen Corporation, respectively.

What is the business model of the Bluegreen Vacation Club?

The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan.

How many resorts worldwide does the Bluegreen Vacation Club provide access to?

The Bluegreen Vacation Club provides access to more than 4,000 resorts worldwide.

What is the core business of BBX Capital?

The core business of BBX Capital includes real estate acquisitions, ownership, management, and investments.

What is the relationship between BBX Capital and BFC Financial Corporation?

BBX Capital and BFC Financial Corporation have ownership interests in Bluegreen Corporation, with BBX owning 46% and BFC owning 54%.

BBX CAPITAL INC A

OTC:BBXIA

BBXIA Rankings

BBXIA Stock Data

107.79M
8.54M
41.4%
4.1%
Asset Management
Financial Services
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United States of America
Fort Lauderdale