Gyrodyne
Leases New York commercial properties while securing entitlements for their sale.
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Profile
Leases industrial and medical-office space at its remaining New York campuses while pursuing entitlements and sales to complete an orderly liquidation.
Manages Flowerfield Industrial Park on Long Island and Cortlandt Manor Medical Center in Westchester County, New York. Tenants lease industrial, office, engineering, warehouse, professional, and medical space, providing base rent and reimbursements while the properties are prepared for sale.
Pursues subdivision, zoning, and site-plan entitlements to make the campuses more marketable to developers rather than developing them itself. The company operates as a liquidation vehicle, using proceeds to settle obligations and distribute remaining cash before dissolution. Execution depends on municipal approvals, the Flowerfield litigation and contract conditions, tenant renewals, and a buyer for Cortlandt; its remaining real estate consists solely of those New York properties.
Company facts
Key statistics
Year to date −43.9% · Average volume (30d) 2.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Mar 30, 2016 | — | $0.03 | — | — | — | — | −5.67% |
| Nov 23, 2015 | — | −$1.54 | — | — | $831.1K | — | +0.51% |
| Aug 14, 2015 | — | −$0.55 | — | — | $623.4K | — | −0.34% |
| May 15, 2015 | — | −$0.44 | — | — | $1.3M | — | +0.35% |
Financial highlights
| 12 quarters | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q4 FY23 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $2.8M | $0 | −$2.6K | |
| Gross profit | −$2.8M | −$5.4K | −$2.6K | $2.8M | −$3.1K | −$8.3K | |
| Operating income | −$5.1M | −$14.0K | −$10.8K | $2.6K | −$11.2K | $19.4K | |
| Net income | $0 | $0 | $0 | $0 | $0 | $0 | |
| Diluted EPS | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Gross margin | — | — | — | 100.0% | — | — | |
| Operating margin | — | — | — | 0.1% | — | — |
Fiscal years (4-quarter sums)FY16 $0 · FY17 $0 · FY18 $0 · FY22 $2.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $4.53T · Total debt $0 · Total assets $58.69T · Shareholders' equity $25.86T
Dividends
No dividends on record.
Ownership
Shares outstanding 2.20M · Float 1.50M · 68.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Towerview LLC | 338.1K | 15.37% | 13F | May 5, 2026 |
| Gabelli Funds LLC | 213.8K | 9.72% | 13F | May 14, 2026 |
| Gabelli & Co Investment Advisers, Inc. | 173.1K | 7.87% | 13F | May 14, 2026 |
| Star Equity Fund, LP | 156.8K | 7.10% | 13D | Oct 20, 2025 |
| Bulldog Investors, LLP | 60.0K | 2.73% | 13F | May 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2025 | Towerview LLC | 10 percent owner | −1,973 | $12.55 |
Peers
- Prologis
Local industrial and warehouse leasing around Long Island.
- Healthcare Realty
Direct Lower Westchester medical-office leasing alternative.
- Terreno Realty
New York metro infill industrial and flex-space rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gyrodyne | $5.18 | 0.00% | $11.4M | — | — | — | — |
| Prologis | $140.35 | −0.29% | $131.32B | 31.3 | 40.4 | 14.3 | −0.3% |
| Healthcare Realty | $18.99 | 0.00% | $6.66B | — | 275.4 | 5.8 | −5.3% |
| Terreno Realty | $66.59 | +0.02% | $7.08B | 17.9 | 36.8 | 14.1 | +11.1% |
| Median | 24.6 | 40.4 | 14.1 | −0.3% |