GYRO

Gyrodyne, LLC operates as a limited liability company primarily focused on managing its real estate holdings and medical technology operations. The company, headquartered in Port Jefferson Station, New York, historically transitioned from aerospace manufacturing to real estate ownership and development. Gyrodyne's business model centers on maximizing the value of its property portfolio, which includes medical office buildings and developable land parcels primarily located in Suffolk County, New York. The company generates revenue through property leasing arrangements and strategic property sales when market conditions align with shareholder value objectives. Gyrodyne operates with a lean organizational structure, maintaining minimal overhead while managing its assets. In recent years, the company has focused on resolving legacy legal matters related to property condemnation proceedings, including litigation with the State of New York regarding fair compensation for acquired properties. The company also maintains involvement in Flowerfield Properties, LLC, which holds additional real estate assets in Long Island. As a small-cap entity, Gyrodyne's strategy emphasizes careful stewardship of existing assets rather than aggressive expansion, with management working to optimize returns through selective property development opportunities and disposition of non-core holdings. The company's straightforward business approach appeals to investors seeking exposure to Long Island real estate markets through a publicly traded vehicle.