Gyrodyne, LLC 1H 2026: Revenue $1.44M, Liquidation NAV $27.06M — 10-Q Summary

Gyrodyne, LLC reported results for the six months ended June 30, 2026, highlighting reported operating cash receipts of $1.44M in rental and reimbursements and a balance-sheet focused liquidation position with Net Assets in Liquidation of $27.06M as of June 30, 2026.

Financial Highlights

• Revenue: $1.44M in rental and reimbursements for the six months ended June 30, 2026 (reported operating cash receipts).
• Net income: Not reported on a consolidated income basis; consolidated statements present Net Assets in Liquidation of $27.06M as of June 30, 2026.
• Diluted EPS: Not provided; report presents an estimated liquidating distribution of $12.30 per share based on Net Assets in Liquidation.

Business Highlights

• Entitlement strategy: Pursuing entitlements for Flowerfield and Cortlandt Manor to increase development flexibility and maximize sale value.
• Marketing and dispositions: Engaged JLL and executed a major B2K purchase agreement for roughly 49 acres, contingent on subdivision and site plan approvals.
• Operational leasing: Completed one new lease and five renewals totaling about 10,100 sq ft while three terminations of roughly 6,300 sq ft occurred; one large tenant is in default.
• Cost and timeline management: Focused capital on entitlement costs (~$144K year-to-date; ~$995K estimated) and expects the liquidation process to continue into 2028.
• Business continuity: Reduced headcount and realized restructuring savings to preserve runway while prioritizing asset marketing and sale execution.

Original SEC Filing: Gyrodyne, LLC [ GYRO ] - 10-Q - Aug. 13, 2026