Financial Performance - Net income attributable to common stockholders increased by approximately $22.9 million to $20.5 million for the three months ended June 30, 2020, from a loss of $2.4 million for the same period in 2019 [159]. - Net income attributable to common stockholders increased by approximately $21.9 million to $17.3 million for the six months ended June 30, 2020, from a loss of $4.6 million for the same period in 2019 [174]. - Total rental revenues decreased by approximately $1.0 million to $274,000 for the three months ended June 30, 2020, from $1.3 million for the same period in 2019 [146]. - Total rental revenues decreased by approximately $2.0 million to $578,000 for the six months ended June 30, 2020, from $2.6 million for the same period in 2019 [160]. - Property operating expenses increased by approximately $346,000 to $1.2 million for the three months ended June 30, 2020, primarily due to $917,000 in costs incurred to repair construction-related defects [148]. - Property operating expenses increased by approximately $1.3 million to $2.8 million for the six months ended June 30, 2020, primarily due to $2.2 million in costs incurred to repair construction-related defects [162]. - General and administrative expenses increased by approximately $79,000 to $2.8 million for the six months ended June 30, 2020, compared to $2.7 million for the same period in 2019 [163]. - Depreciation and amortization expense decreased by approximately $391,000 to $1.4 million for the six months ended June 30, 2020, from approximately $1.8 million for the same period in 2019 [167]. - Interest expense, net increased by $272,000 to $254,000 for the three months ended June 30, 2020, from approximately $18,000 in interest income for the same period in 2019 [157]. - Interest expense, net increased by $289,000 to $250,000 for the six months ended June 30, 2020, from approximately $39,000 of interest income, net for the same period in 2019 [171]. Property and Development - The 77 Greenwich project is a mixed-use development with 90 luxury residential condominium units, 7,500 square feet of retail space, and a 476-seat elementary school, with construction temporarily suspended due to COVID-19 but expected to be completed within budget [129]. - As of June 30, 2020, the Paramus property is fully leased at 100%, while the 237 11th Street property has a leasing rate of 25.7% [129]. - The Berkley property, a joint venture, is fully leased at 100% and collected approximately 90.3% of rent due during the second quarter ended June 30, 2020 [140]. - The 250 North 10th Street property, also a joint venture, is currently 94.9% leased and collected approximately 92.0% of rent due during the second quarter ended June 30, 2020 [141]. - The company is exploring options for the Paramus property, including potential development or sale [135]. - The 237 11th Street property is undergoing remediation due to construction defects, with occupancy currently at 25.7% [138]. - The company recognized a gain of approximately $20.0 million from the sale of a condominium unit to the New York City School Construction Authority (SCA) as part of the 77 Greenwich project [132]. - The construction of the 77 Greenwich project was impacted by COVID-19, causing delays in the timeline for completion and sales of residential units [133]. Cash and Debt Management - As of June 30, 2020, total cash and restricted cash amounted to $22.2 million, an increase from $18.7 million as of December 31, 2019 [176]. - The Corporate Credit Facility had an outstanding balance of $34.0 million as of June 30, 2020, with an effective interest rate of 9.375% [180]. - The 77 Greenwich Construction Facility had a balance of $126.9 million at June 30, 2020, with an effective interest rate of 9.25% [184]. - The Corporate Credit Facility has a principal amount of $70.0 million, with an interest rate of 5.25% plus a scheduled interest of 4.0% [208]. - The 250 North 10th Loan bears interest at 3.39% for its duration, while the Berkley Loan was replaced with a new 7-year loan at a fixed rate of 2.717% [187][186]. - The company had a variable-rate secured line of credit with a balance of $7.25 million as of June 30, 2020 [209]. - A hypothetical increase of 100 basis points in interest rates would result in a change in interest expense ranging from approximately $1.9 million lower to $0.6 million higher [211]. - The fair value of the company's variable-rate debt is sensitive to changes in market interest rates, similar to how bond prices decline as interest rates rise [209]. - The information presented only reflects exposures as of June 30, 2020, and does not account for any changes or exposures arising after that date [211]. - Future realized gains or losses related to interest rate fluctuations will depend on cumulative exposures and hedging strategies employed [212]. Tax and Losses - The company has approximately $224.2 million in federal net operating loss carryforwards (NOLs) as of June 30, 2020, which can be utilized to reduce future taxable income and capital gains [126]. - U.S. Federal net operating losses (NOLs) were approximately $224.2 million as of June 30, 2020, up from $162.8 million at the emergence date of the Syms bankruptcy [194]. - A valuation allowance of $58.3 million was recorded as of June 30, 2020, indicating that it is more likely than not that the entire deferred tax assets will not be realized [196]. - The company recorded $167,000 in tax expense for the six months ended June 30, 2020, compared to $191,000 for the same period in 2019 [173]. Cash Flow Activities - Net cash used in operating activities increased by approximately $5.4 million to $6.1 million for the six months ended June 30, 2020, compared to $706,000 for the same period in 2019 [191]. - Net cash used in investing activities increased by approximately $12.3 million to $37.2 million for the six months ended June 30, 2020, primarily due to investments in joint ventures [192]. - Net cash provided by financing activities increased by approximately $14.7 million to $46.8 million for the six months ended June 30, 2020, compared to $32.1 million for the same period in 2019 [193]. Joint Ventures - The joint venture acquired The Berkley for a purchase price of $68.885 million, financed with a $42.5 million loan and cash [186]. - The 250 North 10th JV acquired a 234-unit apartment building for $137.75 million, with $82.75 million financed through a 15-year mortgage loan [187]. - Equity in net loss from unconsolidated joint ventures increased by approximately $719,000 to $1.1 million for the six months ended June 30, 2020, from approximately $407,000 for the same period in 2019 [169].

Development Projects - Trinity Place Holdings Inc. has a significant asset under development at 77 Greenwich, a mixed-use project with 90 residential units, retail space, and a school, with a total of over 300,000 gross square feet planned[116] - The joint venture property, The Berkley, is fully leased with 95 units and encompasses approximately 99,000 gross square feet, benefiting from a 25-year 421a real estate tax exemption[129] - The 250 North 10 property, also a joint venture, has a leasing rate of 98.7% for its 234 units, featuring high-end finishes and amenities[130] - The Paramus property is fully leased at 100% occupancy, with a total of 77,000 square feet, generating annualized rent of $140,000[120][132] - Construction on the 77 Greenwich project was temporarily suspended due to COVID-19, impacting the timeline for completion and sales of residential units[123] - The company has received $44.2 million from the New York City School Construction Authority for the construction of a school as part of the 77 Greenwich development[122] - Management anticipates that the 77 Greenwich project will be completed within budget despite construction delays caused by the pandemic[123] Financial Performance - Total revenues decreased by approximately $966,000 to $327,000 for the three months ended March 31, 2020, from $1.3 million for the same period in 2019[135] - Rental revenue decreased by approximately $762,000 to $392,000 for the three months ended March 31, 2020, from $1.2 million for the same period in 2019[135] - Property operating expenses increased by approximately $913,000 to $1.6 million for the three months ended March 31, 2020, from $680,000 for the same period in 2019[137] - Net loss attributable to common stockholders increased by approximately $1.1 million to $3.3 million for the three months ended March 31, 2020, from $2.2 million for the same period in 2019[147] Cash and Debt Management - As of March 31, 2020, total cash and restricted cash amounted to $25.8 million, an increase from $18.7 million as of December 31, 2019[150] - The outstanding balance of the Corporate Credit Facility was $34.0 million as of March 31, 2020, with an effective interest rate of 9.25%[151] - The company closed a $189.5 million construction facility for the 77 Greenwich project, with a remaining balance of $118.8 million as of March 31, 2020[156] - The effective interest rate for the 77 Greenwich Construction Facility was 9.25% as of March 31, 2020, compared to 10.01% at December 31, 2019[156] - The company executed a new 7-year, $33.0 million loan at a fixed interest rate of 2.717% to replace the previous Berkeley Loan[158] - As of March 31, 2020, the company's total debt consisted of two variable-rate secured mortgage loans, a Corporate Credit Facility, and a promissory note with an aggregate carrying value of $171.2 million, along with a variable-rate secured line of credit of $5.25 million[181] Operational Challenges - The ongoing COVID-19 pandemic has introduced significant uncertainty regarding future operations, including potential impacts on tenant rental payments and construction timelines[118] - The company expects to meet liquidity requirements through cash on hand, new debt financings, and cash flow from operations[148] - The company anticipates that existing cash balances and potential equity and debt issuances will be sufficient to meet working capital needs over the next 12 months[161] - The company is currently unable to determine the impact of the CARES Act on its financial condition or liquidity for fiscal year 2020[167] Interest Rate and Inflation Impact - Low to moderate inflation has stabilized operating expenses but has indirectly limited the ability to increase tenant rents[178] - The company employs interest rate hedge contracts to mitigate interest rate risk associated with various debt instruments[179] - A sensitivity analysis indicates that a 100 basis point increase in interest rates could change interest expenses from approximately $1.9 million lower to $0.7 million higher, assuming no other changes in capital structure[181] - The fair value of the company's variable-rate debt is sensitive to changes in market interest rates, impacting cash flow and earnings[181] - The company does not hold or issue derivative contracts for trading or speculative purposes[179] - The information presented is limited to exposures as of March 31, 2020, and does not account for future market conditions or positions[182]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 10173 (Zip Code) (State or Other Jurisdiction of Incorporation or Organization) Registrant's telephone number, including area code: (212) 235-2190 Securities registered pursuant to Section 12(b) of the Act: No. 22-2465228 (I.R.S. Employer Identification No.) or ¨ TRANSITION REPORT PURSUA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________ to _____________ (212) 235-2190 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________ to _____________ Commission File Number 001-08546 TRINITY PLACE HOLDINGS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________ to _____________ Commission File Number 001-08546 TRINITY PLACE HOLDINGS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 22- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission file number 1-08546 TRINITY PLACE HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdic ...