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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) |
þ Form 10-K ¨ Form 20-F ¨ Form 11-K ¨ Form 10-Q ¨ Form 10-D ¨ Form N-SAR ¨ Form N-CSR | |
For Period Ended: December 31, 2010 | ||
¨ Transition Report on Form 10-K | ||
¨ Transition Report on Form 20-F | ||
¨ Transition Report on Form 11-K | ||
¨ Transition Report on Form 10-Q | ||
¨ Transition Report on Form N-SAR | ||
For the Transition Period Ended: |
Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I REGISTRANT INFORMATION
TNP STRATEGIC RETAIL TRUST, INC. |
(Full name of registrant)
(Former name if applicable)
1900 Main Street, Suite 700 |
(Address of principal executive office (street and number))
Irvine, California 92614 |
(City, state and zip code)
PART II RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
þ |
(a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c) | The accountants statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Due to the resignation of our prior Chief Financial Officer and the recent appointment of his successor, the registrant has experienced delays in completing its Form 10-K for the year ended December 31, 2010 and was unable to complete the Form 10-K without unreasonable effort or expense. As a result, the registrant is delayed in filing its Form 10-K for the year ended December 31, 2010.
(Attach Extra Sheets if Needed)
PART IV OTHER INFORMATION
(1) | Name and telephone number of person to contact in regard to this notification |
James R. Wolford | 949 | 833-8252 | ||
(Name) | (Area Code) | (Telephone Number) |
(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). þ Yes ¨ No |
(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? þ Yes ¨ No |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
TNP Strategic Retail Trust, Inc. (the Company) had a net loss of $4,392,000 for the year ended December 31, 2010 as compared to a net loss of $1,200,000 for the year ended December 31, 2009. The increase in net loss is due primarily to the fact that the Company commenced real estate operations on November 19, 2009, with the acquisition of its first property and at December 31, 2010, the Company had acquired only four retail properties. The Companys indebtedness increased from approximately $10,490,000 at December 31, 2009 to approximately $39,164,000 at December 31, 2010, all of which was incurred in connection with our real estate acquisitions. Stockholders equity increased to $14,159,000 for the year ended December 31, 2010 from $3,286,000 compared to the year ended December 31, 2009.
TNP STRATEGIC RETAIL TRUST, INC. |
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date |
April 1, 2011 | By | /s/ James R. Wolford |
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representatives authority to sign on behalf of the registrant shall be filed with the form.
ATTENTION | ||||
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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