CAPITAL PROPERTIES INC /RI/

Overview

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• TickerCPTP on OTC¹
• IndustryLessors of Real Property, NEC¹
• HeadquartersProvidence, Rhode Island¹
• Incorporated inRI²
• Business address5 Steeple Street, Unit 303, Providence, Ri 02903²
• Filer categoryNon-accelerated filer, Smaller reporting company²

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The Company was organized as a business corporation under the laws of Rhode Island in 1983 as Providence and Worcester Company and is the successor by merger in 1983 to a corporation also named Providence and Worcester Company which was organized under the laws of Delaware in 1979. In 1984, the Company’s name was changed to Capital Properties, Inc.⁴ From its latest annual report

Corporate structure

CAPITAL PROPERTIES INC /RI/ sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CAPITAL PROPERTIES INC /RI/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Properties, in its own words

The Company owns approximately 18 acres and a historic building in the Capital Center Area of Providence, Rhode Island. With the exception of Parcel 6C and Parcel 20 (the term of which will commence on the happening of certain events), all of the Company’s real property is leased either under long-term leases or short-term leases as more particularly described in Item 1, Business. The Company also owns or controls 23 locations in Rhode Island and Massachusetts on which 44 billboard faces have been constructed. All but one of these locations are owned by the Company under permanent easements from the Railroad; the remaining location is leased from an unrelated third party whose lease provides for an option to extend the term through June 30, 2030.

Item 2 of the 10-K filed Feb 7, 2025.⁴

Leadership

Who has led CAPITAL PROPERTIES INC /RI/, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerRobert H. Eder Aug 22, 2022 to Feb 14, 2023¹⁴
• PresidentRobert H. Eder Aug 22, 2022 to Aug 22, 2022¹⁴
• PresidentP. Scott Conti May 24, 2017 to May 25, 2017¹⁵

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Tri-State Displays, Inc. Rhode Island³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

1. Apr 25, 20248-K Shareholder vote²⁷
2. Jan 10, 20248-K Entered a material agreement; Executive or director change²⁸
3. May 2, 20238-K Shareholder vote²⁹
4. Nov 18, 20228-K Executive or director change³⁰
5. Aug 22, 2022New chief executive Robert H. Eder becomes CEO¹⁴
6. Apr 28, 20228-K Shareholder vote³¹

Filings

42 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 5 major events, 7 insider forms, 11 large holders, 5 other. The latest 20:

1. Feb 10, 2026SCHEDULE 13G EDGAR
2. Nov 14, 2025SCHEDULE 13G EDGAR
3. Mar 24, 2025DEF 14A EDGAR
4. Feb 13, 2025SCHEDULE 13G EDGAR
5. Feb 11, 202515-12G EDGAR
6. Feb 7, 202510-K EDGAR
7. Nov 4, 2024SC 13G EDGAR
8. Nov 1, 202410-Q EDGAR
9. Aug 2, 202410-Q EDGAR
10. Apr 26, 202410-Q EDGAR
11. Apr 25, 20248-K EDGAR
12. Mar 25, 2024DEF 14A EDGAR
13. Feb 16, 202410-K EDGAR
14. Jan 10, 20248-K EDGAR
15. Jan 4, 2024SC 13G/A EDGAR
16. Nov 8, 20234 EDGAR
17. Oct 27, 202310-Q EDGAR
18. Aug 3, 202310-Q EDGAR
19. May 2, 20238-K EDGAR
20. Apr 28, 202310-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Oppenheimer & Close, LLCSCHEDULE 13G, 4 filings Nov 4, 2024 to Feb 10, 2026³²
• TOWERVIEW LLCSC 13G/A, 3 filings Jan 12, 2022 to Jan 4, 2024³³
• Linda EderSC 13G/A, 1 filing Aug 22, 2022³⁴
• Robert H. EderSC 13G/A, 1 filing Aug 22, 2022³⁵
• Eder 2022 Community Property TrustSC 13D/A, 2 filings Feb 25, 2022 to Mar 2, 2022³⁶

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

SEC filer profile

How CAPITAL PROPERTIES INC /RI/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARCAPITAL PROPERTIES INC /RI/¹
• CIK0000202947
• Employer ID (EIN)05-0386287⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inRhode Island⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)6519 Lessors of Real Property, NEC¹
• SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
• Business address5 Steeple Street, Unit 303, Providence, RI 02903¹
• Phone401-435-7171¹
• Shares outstanding6,599,912 shares as of Feb 7, 2025⁴
• Public float$18.7M as of Jun 30, 2024⁴
• AuditorStowe & Degon, LLC, Westborough, MA, USA PCAOB ID 577⁴
• On EDGAR sinceNov 15, 1994¹
• Filings357 in all: 8-K (69), 10-Q (54), 10QSB (37), DEF 14A (32), SC 13G/A (32), 4 (30), 10-K (19), 3 (12)¹
  All 36 form types

  10KSB (10), SC 13G (8), PRE 14A (5), PRER14A (5), UPLOAD (4), SC 13D (3), SC 14D9/A (3), SC TO-T/A (3), SCHEDULE 13G (3), 10KSB40 (2), 10QSB/A (2), 25 (2), 5 (2), DEF 14C (2), DEFA14A (2), DEFR14A (2), PRE 14C (2), SC 13E3/A (2), 10-K/A (1), 15-12G (1), 4/A (1), 8-A12B (1), 8-K/A (1), CORRESP (1), SC 13D/A (1), SC 13E3 (1), SC 14D9 (1), SC TO-T (1)

• Latest filingsAnnual report (10-K) Feb 7, 2025
  Quarterly report (10-Q) Nov 1, 2024
  Proxy statement (DEF 14A) Mar 24, 2025
  Latest 8-K (8-K) Apr 25, 2024

Securities registered for trading

From the cover page of the 10-K filed Feb 7, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

Legal proceedings

In connection with the sale of the Company’s petroleum storage terminal in 2017, the Company and Sprague entered into an agreement relating to the construction of a breasting dolphin pursuant to which any construction costs incurred in excess of the contract cost of the construction would be shared equally between the Company and Sprague subject to certain limitations. In November 2019, Sprague asserted that it was owed $427,000 and the Company asserted that its obligation under the Agreement could not exceed $104,000. Mediation efforts were unsuccessful and in July 2021, Sprague commenced an action against the Company in the Rhode Island Superior Court (Superior Court) seeking monetary damages of $427,000, interest and attorney’s fees. In December 2022, the Superior Court denied Sprague’s Motion for Summary Judgment filed in September 2022 and granted in part and denied in part the Company’s Cross Motion for Summary Judgment also filed in September 2022. The matter went before the Superior Court in May 2024. On October 28, 2024, the Superior Court rendered its decision and found that the Company’s obligation with respect to the increased cost of constructing the breasting dolphin is $104,000. On January 24, 2025 the Superior Court entered judgment for Sprague in the amount of $173,000 which includes, as required by law, prejudgment interest at 12% per annum. The $173,000 judgment was paid on January 29, 2025. The Company does not intend to appeal unless Sprague files an appeal.

The opening of Item 3, Legal Proceedings.⁴