Gyrodyne CEO Reaffirms Property Sale <a href="https://laohu8.com/S/MSTR">Strategy</a> Amid Economic Headwinds
Gyrodyne LLC's President, CEO, CFO, and Treasurer addressed shareholders, reaffirming the company's commitment to selling its properties at post-entitled values and distributing proceeds as soon as possible despite ongoing economic challenges in the commercial office and medical office markets. Management highlighted the company's stable debt service, largely insulated from recent Federal Reserve rate hikes due to previously secured fixed-rate loans. A $1.5 million term loan maturing in December 2025 was noted, with annual debt service of approximately $1 million. The leadership also provided updates on ongoing litigation related to property subdivision rights, anticipating a court decision potentially in 2027. The team expressed gratitude to employees, directors, and advisors for their dedication to maximizing shareholder value. The full remarks were filed with the SEC as a Form 8-K, but no specific URL was provided in the document.
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