Trinity Place Holdings reports $352.8M in federal net operating losses
Trinity Place Holdings disclosed about $352.8M in federal NOLs as of September 30, 2026, and a $74.1M valuation allowance against related tax assets.
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what happened
As of September 30, 2026, Trinity Place Holdings Inc. carried federal net operating loss carryforwards of approximately $352.8 million. According to TradingView, citing a BusinessWire release, management judged it more likely than not that the related tax benefits will go unrealized and recorded a $74.1 million valuation allowance.
About $224.5 million of these losses may expire by 2037. If the company does not use them before then, their value to the business would fall. The publication offers no comparison with the prior period.
The disclosure contains no revenue or earnings figures.
why it matters
This is a tax disclosure without operating results, so it is unlikely to have a meaningful effect on the company's share price. A bigger catalyst would be a change in management's view of whether the losses can be used, or the release of full financial results.
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sources
- Trinity Place Holdings Inc. (TPHS) Reports $352.8M in Federal NOLs — TradingView, 13 November 2026 at 22:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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