Broad Street Realty (OTCMKTS:BRST) Stock In Focus After Latest Development
Shares of Broad Street Realty (OTCMKTS:BRST) have been trading within a narrow range over the past few sessions.
Market Stats
On Friday, BRST stock ended flat at $2.50 with more than 1K shares, compared to its average volume of 2K shares. The stock moved within a range of $2.5000 – 2.5000 after opening trading at $2.50.
Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer
Michael Jacoby, Chairman of the Board and Chief Executive Officer, Broad Street Realty (OTCMKTS:BRST) on February 22, 2022, has written a letter to all stakeholders. He expressed gratitude to colleagues but said that all is not normal due to Covid 19, which has challenged the medium-term goals.
Jacoby added that there are global and national issues such as inflation, modest rise in interest rates, supply chain issues impacting consumers. However, the firm believes that it has a strategy in place and believes that process has commenced to achieve the goals.
The CEO said that the firm is modest in size and has significant room for growth, which was demonstrated by the four acquisitions last year. Four assets added over $7.6 million of Annualised Base Rent of the portfolio. T
The firm opines that it is poised for much growth in 2022 due to its Acquisitions team led by Aras Holden. Broad Street Realty’s asset management and leasing teams have worked hard under the leadership of Terry Burka. The company is satisfied with the progress in portfolio occupancy, re-leasing spreads, and overall growth.
Broad Street Realty’s team provides tenant representation services to both retail and office tenants throughout Washington D.C Metro area as well as Denver Colorado markets.
