BBX CAPITAL INC B - BBXIB STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.