SILVER STAR PROPERTIES REIT, INC
Real Estate · Real Estate · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $98.1M | $92.2M | $89.2M | $86.7M | $57.0M | $44.3M |
| Operating income | — | — | — | — | — | — |
| Net income | −$38.0M | −$12.9M | −$11.0M | $290,000 | −$3.5M | −$9.0M |
| Total assets | $479.3M | $505.3M | $523.6M | $571.3M | $582.1M | $230.7M |
| Total liabilities | $367.7M | $348.0M | $335.4M | $325.2M | $333.6M | $130.7M |
| Equity | $92.1M | $135.0M | $163.8M | $68.4M | $69.9M | $86.7M |
| EPS (diluted) | $-1.04 | $-0.35 | $-0.50 | — | — | — |
| Shares out. | 35.1M | 35.3M | 18.4M | 18.4M | 17.7M | 17.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- −38.8%
- Return on equity
- −41.3%
- Return on assets
- −7.9%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 76.7%
- Debt / equity
- 3.99×
- Book value / share
- $2.62
- Revenue growth (YoY)
- 6.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Accruals / assets
- −11.3%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 17, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Hartman Allen RActivist (13D)Mar 24, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Haddock Gerald WOfficer — Chief Executive Officer | Apr 3, 2025 | Grant | 1.0M | $0.00 |
| Fox Louis T IiiOfficer — Chief Financial Officer | May 5, 2023 | Grant | 100,553 | $6.25 |
| Ruskey Richard RDirector | Feb 1, 2018 | Grant | 3,000 | $30000.00 |
| Tompkins Jack IDirector | Feb 1, 2018 | Grant | 3,000 | $30000.00 |
| Ruskey Richard RDirector | Mar 14, 2017 | D | 3,000 | $37763.00 |
| Tompkins Jack IDirector | Mar 14, 2017 | Grant | 3,000 | $37763.00 |
| Hartman Allen RDirector | Jul 16, 2016 | Grant | 15.75 | $195.30 |
| Hartman Allen RDirector | Jun 20, 2016 | Grant | 16.194 | $200.81 |
| Hartman Allen RDirector | May 18, 2016 | Grant | 20.32 | $193.04 |
| Hartman Allen RDirector | Apr 20, 2016 | Grant | 20.871 | $198.27 |
| Hartman Allen RDirector | Mar 20, 2016 | Grant | 19.398 | $184.28 |
| Hartman Allen RDirector | Feb 20, 2016 | Grant | 20.62 | $195.89 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Debt acceleration / triggering event · Regulation FD disclosureSep 2, 2025
- Amended charter or bylawsAug 12, 2025
- Director / officer changeJul 30, 2025
- Unregistered equity sale · Modified shareholder rights · Regulation FD disclosure · Other material eventJun 16, 2025
- Director / officer change · Shareholder voteJun 6, 2025
- Director / officer change · Regulation FD disclosureMay 27, 2025
- Regulation FD disclosureMay 19, 2025
- Regulation FD disclosureMay 19, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- DEFA14ADEFA14A - NOVEMBER 18, 2025 - PRESS RELEASE RESPONSENov 18, 2025
- DFAN14ANov 17, 2025
- NT 10-QNT 10-Q - SEPTEMBER 30, 2025Nov 17, 2025
- DFAN14ANov 5, 2025
- DFAN14AOct 28, 2025
- DEFA14ADEFA14A - SS SET'S RECORD STRAIGHT - CEO HADDOCK'S REAL TRACK RECORDOct 23, 2025
- DFAN14AOct 22, 2025
- DEFA14ADEFA14A - OCTOBER 21, 2025 - SILVER STAR REBUTTAL TO HARTMAN LETTEROct 22, 2025
- DFAN14AOct 21, 2025
- DFAN14AOct 21, 2025
- DFAN14AOct 20, 2025
- DEFA14ADEFA14A - OCTOBER 16, 2025 - LETTER FROM A SHAREHOLDER - MR. BARRY ADAMSOct 16, 2025
- DEFA14ADEFA14A - OCTOBER 15, 2025 - A SINCERE CHAIRMAN THANK YOUOct 16, 2025
- DEFA14ADEFA14A - OCTOBER 15, 2025 - SHAREHOLDER UPDATEOct 15, 2025
- DFAN14AOct 15, 2025
Event-driven situations (3)
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