The Opera House, which is owned by the German company Sotheby’s International Realty Group, said it expects to benefit from the sale of the building that it owns in New York City and its lease with the city.
The move comes amid mounting speculation about the future of the landmark opera house.
A few weeks ago, the company said that it will take on more debt to try to keep its operating costs down.
But the company’s shares fell more than 20% on Tuesday, and the company had an operating loss of $1.6 million in the first quarter.
The loss is down from $5.3 million in last year’s quarter.