Strategic Realty Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 07:40 pm
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Strategic Realty Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.721 million compared to USD 0.638 million a year ago. Net loss was USD 6.91 million compared to USD 1.04 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.64 compared to USD 0.1 a year ago.
For the six months, sales was USD 1.46 million compared to USD 1.35 million a year ago. Net loss was USD 7.69 million compared to USD 1.89 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.72 compared to USD 0.18 a year ago.
Strategic Realty Trust, Inc. is a real estate investment trust (REIT). The Company invests in and manages a portfolio of income-producing retail properties located in the United States. The Companyâs business is conducted through Strategic Realty Operating Partnership, L.P. It owns substantially all of its assets and conducts its operations through its operating partnership, of which it is the sole general partner. Its property portfolio includes six retail properties, comprising an aggregate of approximately 27,000 square feet of multi-tenant, commercial retail space located in California. Its properties include 400 Grove Street, 8 Octavia Street, Fulton Shops, 450 Hayes, 388 Fulton and Silver Lake.