NYC

This article first appeared on GuruFocus. Release Date: May 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Strategic Investment Co (NYSE:NYC) has successfully extended 60% of its leases beyond 2030, up from 57% last quarter, indicating strong lease stability. The company's portfolio includes a high-quality tenant base, with 69% of the Top 10 tenants being investment grade or implied investment grade, providing significant portfolio stability. The real estate portfolio is strategically located in New York City, with properties near convenient transit options, supporting increased occupancy and strong tenant retention. Efforts to reduce recurring expenses and manage the balance sheet are ongoing, demonstrating proactive financial management. The company is actively seeking additional profitable investment opportunities to enhance shareholder returns. First quarter 2026 revenue decreased to $7.3 million from $12.3 million in the first quarter of 2025, primarily due to the disposition of a property through foreclosure. The company reported a GAAP net loss attributable to common stockholders of $7.8 million in the first quarter of 2026. Adjusted EBITDA was negative $1.1 million in the first quarter of 2026, compared to negative $0.8 million in the first quarter of 2025, indicating a decline in operational profitability. Cash net operating income decreased to $2.8 million from $4.2 million in the first quarter of 2025. The company is facing challenges with upcoming debt maturities and is exploring refinancing options, indicating potential financial pressure. Warning! GuruFocus has detected 5 Warning Signs with NYC. Is NYC fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the strategic focus for the first quarter of 2026? A: Nicholas Schorsch, CEO, explained that the focus was on proactive management, reducing recurring expenses, and managing the balance sheet. The company is committed to tenant retention, property improvements, and cost efficiency while reducing exposure to non-core assets. Q: What is the status of lease expirations and tenant quality? A: Nicholas Schorsch, CEO, noted that near-term lease expirations represent only 6% of annualized straight-line rent, with 60% of leases extending beyond 2030. The tenant base is strong, with 69% of the Top 10...

Company to Host Investor Webcast and Conference Call Today at 11:00 AM ET NEW YORK, May 15, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company"), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended March 31, 2026. First Quarter 2026 Highlights Revenue was $7.3 million compared to $12.3 million in the first quarter of 2025, primarily related to the disposition of 1140 Avenue of the Americas in the prior year Net loss attributable to common stockholders was $7.8 million, compared to net loss of $8.6 million in the first quarter of 2025 Cash net operating income ("NOI") was $2.9 million, compared to $4.2 million in the first quarter of 2025 Adjusted EBITDA was negative $1.1 million, compared to negative $0.8 million in the first quarter of 2025 Weighted-average remaining lease term(1) grew to 6.2 years from 6.1 years at the end of the fourth quarter 69% of annualized straight-line rent from top 10 tenants(2) was derived from investment grade or implied investment grade(3) rated tenants with a weighted-average remaining lease term of 6.7 years Portfolio comprised of fixed and variable rate debt at a 4.6% weighted-average interest rate CEO Comments "Our performance in the quarter reflects the stability of our portfolio and the quality of our tenant base," stated Nicholas Schorsch, Jr., CEO of ASIC. "We continue to make deliberate progress on asset dispositions and capital prioritization, and we remain focused on the actions we believe will generate the most durable long-term value for our shareholders." Financial Results Real Estate Portfolio The Company’s portfolio consisted of five properties comprised of 0.7 million rentable square feet (excluding our 1140 Avenue of the Americas property, which is in a consensual foreclosure process) as of March 31, 2026. Portfolio metrics include: 76.4% leased 6.2 years remaining weighted-average lease term 69% of annualized straight-line rent(4) from top 10 tenants derived from investment grade or implied investment grade tenants with 6.7 years of weighted-average remaining lease term Diversified portfolio, comprised of 28% government and public administration tenants, 15% retail tenants, 12% non-profit, 11% fitness and 34% all other industries, bas...

- Company to Host Webcast and Call - NEW YORK, May 08, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today it will release its financial results as of, and for the first quarter ended March 31, 2026, on Friday May 15, 2026, before the New York Stock Exchange open. The Company will also host a webcast and conference call the same day at 11:00 a.m. ET to review results and provide commentary on business performance. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through the Company’s website, http://www.americanstrategicinvestment.com, in the "Investor Relations" section. To listen to the live call, please go to the "Investor Relations" section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the Company’s website. Conference Call Details Live Call Toll-Free Dial-In Number: 1 (877) 269-7751 Toll Dial-In Number: 1 (201) 389-0908 Conference Replay* Toll Free Dial in Number: 1 (844) 512-2921 Toll Dial in Number: 1 (412) 317-6671 Access ID: 13760299 *Available from May 15, 2026, through May 29, 2026. About the Company American Strategic Investment Co. owns a portfolio of commercial real estate. Additional information about ASIC can be found on its website at http://www.americanstrategicinvestment.com. Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including, without limitation, statements regarding the Company's ability to return to compliance with the New York Stock Exchange's ("NYSE") continued listing standards. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, unc...

This article first appeared on GuruFocus. Release Date: April 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. American Strategic Investment Co (NYSE:NYC) executed 13 new and replacement leases totaling 117,000 square feet, focusing on resilient industries. The portfolio had an occupancy rate of 80.3% with a weighted average remaining lease term of 6.1 years as of December 31, 2025. The company completed the disposition of the 1140 Avenue of the Americas office property, recognizing a gain of $46.6 million. 57% of leases now extend beyond 2030, providing significant portfolio stability. All debt is fixed rate or swapped to fixed rate, with a weighted average effective interest rate of 4.5%. Revenue for the year ended December 31, 2025, was $43.3 million, a decrease from $61.6 million in 2024. The company's full-year GAAP net loss attributable to common stockholders was $21.2 million. Revenue for the fourth quarter of 2025 was $6.5 million, down from $14.9 million in the fourth quarter of 2024. The weighted average remaining debt term is only 1.5 years, indicating potential refinancing needs in the near future. Net loss for the quarter was $6.7 million, consistent with the loss recorded in the fourth quarter of 2024, showing no improvement. Warning! GuruFocus has detected 7 Warning Signs with NYC. Is NYC fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more details on the leasing activity and tenant profile for the year? A: Nicholas Schorsch, CEO, explained that they executed 13 new and replacement leases totaling 117,000 square feet. The focus is on securing tenants in resilient industries such as financial services, medical institutions, and government agencies. The portfolio's occupancy was 80.3% with a weighted average remaining lease term of 6.1 years. The top 10 tenants are 69% investment grade or implied investment grade rated. Q: What were the financial highlights for the fourth quarter and full year 2025? A: Michael Lesanto, CFO, reported that revenue for the year was $43.3 million, down from $61.6 million in 2024, primarily due to property dispositions. The full-year GAAP net loss was $21.2 million, a significant improvement from a $140.6 million loss in 2024. Adjusted EBITDA was $0.3 million for the year and $1.2 million for the fourth quarter. Q: How is th...

Image source: The Motley Fool. Tuesday, April 14, 2026 at 11 a.m. ET Chief Executive Officer — Nicholas Schorsch Chief Financial Officer — Michael LeSanto Managing Director — Curtis Parker Need a quote from a Motley Fool analyst? Email [email protected] Curtis Parker: Thank you, operator. Good morning, everyone, and thank you for joining us for American Strategic Investment Co.'s fourth quarter and year-end earnings call. This event is also being webcast in the Investor Relations section of our website. Joining me today on the call to discuss this quarter's results are Nicholas Schorsch, American Strategic Investment Co.'s Chief Executive Officer; and Michael LeSanto, the Chief Financial Officer. The following information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Please review the forward-looking and cautionary statements section at the end of our fourth quarter 2025 earnings release for various factors that could cause actual results to differ materially from forward-looking statements made during our call today. Should one or more of these risks or uncertainties materialize, actual results may differ materially from those expressed or implied by the forward-looking statements. We refer all of you to our SEC filings, including the Form 10-K filed for the year ended December 31, 2025, to be filed on April 15, 2026, for a more detailed discussion of the risk factors that could cause these differences. Any forward-looking statements provided during this call are only made as of the date of this call. As stated in our SEC filings, American Strategic Investment Co. disclaims any intent or obligation to update or revise these forward-looking statements, except as required to do so by law. Please note that all fourth quarter 2025 financial information is unaudited. Also during today's call, we will discuss non-GAAP financial measures, which we believe can be useful in evaluating the company's financial and operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. A reconciliation of these measures to the most directly comparable GAAP measure is available in our earnings release, which is posted on our website. Please also refer to our earnings release for more...

NEW YORK, April 15, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company"), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 and Subsequent Events As the Company continues to refine its property holdings, the sale of 9 Times Square in the fourth quarter of 2024 and the disposition of 1140 Avenue of the Americas to its mortgage holders in the fourth quarter of 2025 impacted results Revenue was $6.5 million compared to $14.9 million for the fourth quarter of 2024 due, in part, to the disposition of properties Net loss attributable to common stockholders was $6.7 million or $2.62 per share, compared to net loss of $6.7 million, or $2.60 per share, in the fourth quarter of 2024 Adjusted EBITDA was $1.2 million compared to $1.3 million in the fourth quarter of 2024 Cash net operating income ("NOI") was $1.8 million compared to $6.6 million in the fourth quarter of 2024 69% of annualized straight-line rent from top 10 tenants(1) is derived from investment grade or implied investment grade(2) rated tenants with a weighted-average remaining lease term(3) of 6.9 years as of December 31, 2025 Full Year 2025 Highlights Revenue was $43.3 million compared to $61.6 million in 2024 due, in part, to the disposition of properties Net loss attributable to common stockholders was $21.2 million compared to $140.6 million in 2024 Adjusted EBITDA was $0.3 million compared to $12.0 million in the full year 2024 Cash NOI was $16.0 million compared to $27.6 million in 2024 Portfolio occupancy of 80.3% with a weighted-average remaining lease term of 6.1 years as of December 31, 2025 Completed 13 new leases totaling over 117,000 square feet and $20.4 million in straight-line rent Portfolio debt, as of December 31, 2025, is 100% fixed-rate with a 4.5% weighted-average interest rate and 1.5 years of weighted-average debt maturity Net leverage of 47.5% as of December 31, 2025 CEO Comments "During the fourth quarter and throughout 2025, we continued to advance leasing across the portfolio while maintaining a stable occupancy profile supported by a high-quality, largely investment grade tenant base," said Nicholas Schorsch, Jr., CEO of ASIC. "We believe the Company...

Management is actively transitioning the portfolio by pruning non-core assets to unlock value and improve long-term accretive growth. Performance was characterized by the execution of 13 new and replacement leases totaling 117,000 square feet, focusing on resilient sectors like financial services and government agencies. The year-over-year revenue decline from $61.6 million to $43.3 million was primarily driven by the strategic disposition of 9 Times Square and 1140 Avenue of the Americas. A consensual foreclosure at 1140 Avenue of the Americas allowed the company to remove related liabilities and recognize a $46.6 million gain. The portfolio maintains stability through a high concentration of investment-grade tenants, who represent 69% of the top 10 tenant base by straight-line rent. Operational efficiency is being prioritized through tight expense controls and a focus on properties located near major Manhattan transportation hubs. Management is evaluating strategic options for 123 William Street and 196 Orchard, including potential sales to generate cash for higher-yielding investments. The company aims to replace maturing debt and renew existing leases to maintain portfolio stability, with 57% of current leases extending beyond 2030. Future capital allocation will focus on income-generating investments intended to be accretive to shareholders following the completion of planned asset sales. Guidance for 2026 includes a manageable lease expiration profile, with only 5% of annualized straight-line rent set to expire during the year. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The company reported a significant reduction in GAAP net loss from $140.6 million in 2024 to $21.2 million in 2025, aided by one-time gains from property exits. Debt remains 100% fixed or swapped to fixed at a weighted average effective interest rate of 4.5%, though the weighted average remaining debt term is relatively short at 1.5 years. Net leverage is currently maintained at 47.5%, which management characterizes as a prudent level for the current New York City real estate environment. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

- Company to Host Webcast and Call - NEW YORK, April 10, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today it will release its financial results as of, and for the fourth quarter and year ended December 31, 2025, on Wednesday April 15, 2026, before the New York Stock Exchange open. The Company will also host a webcast and conference call the same day at 11:00 a.m. ET to review results and provide commentary on business performance. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through the Company’s website, http://www.americanstrategicinvestment.com, in the "Investor Relations" section. To listen to the live call, please go to the "Investor Relations" section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the Company’s website. Conference Call Details Live Call Toll-Free Dial-In Number: 1 (877) 269-7751 Toll Dial-In Number: 1 (201) 389-0908 Conference Replay* Toll Free Dial in Number: 1 (844) 512-2921 Toll Dial in Number: 1 (412) 317-6671 Access ID: 13758199 *Available from April 15, 2026 through April 29, 2026. About the Company American Strategic Investment Co. owns a portfolio of commercial real estate. Additional information about ASIC can be found on its website at http://www.americanstrategicinvestment.com. Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including, without limitation, statements regarding the Company’s ability to return to compliance with the New York Stock Exchange’s ("NYSE") continued listing standards. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to...

NEW YORK, March 25, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today it has rescheduled the date of its previously announced earnings release and call. The Company expects to release its financial results for the fourth quarter and year ended December 31, 2025, on Tuesday, April 14, 2026. The change of date for the release of fourth quarter and full year 2025 financial results and the related webcast is intended to allow additional time to complete customary year-end financial reporting and internal review processes, including finalization of the Company’s Annual Report on Form 10‑K. The Company and its recently appointed independent registered public accounting firm are working diligently to complete the necessary procedures. About the Company American Strategic Investment Co. (NYSE: NYC) owns a portfolio of commercial real estate located within the five boroughs of New York City. Additional information about ASIC can be found on its website at www.americanstrategicinvestment.com. Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including, without limitation, statements regarding the Company’s ability to return to compliance with the New York Stock Exchange’s ("NYSE") continued listing standards. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the anticipated benefits of the Company’s election to terminate its status as a real estate investment trust, (b) whether the Company will be able to successfully acquire new assets or businesses, (c) the potential adverse effects of the geopolitical instability due to the ongoing military conflicts between Russ...

- Company to Host Webcast and Call - NEW YORK, March 09, 2026--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today it will release its financial results as of, and for the fourth quarter and year ended December 31, 2025, on Thursday March 26, 2026, before the New York Stock Exchange open. The Company will also host a webcast and conference call the same day at 11:00 a.m. ET to review results and provide commentary on business performance. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through the Company’s website, http://www.americanstrategicinvestment.com, in the "Investor Relations" section. To listen to the live call, please go to the "Investor Relations" section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the Company’s website. Conference Call Details Live Call Toll-Free Dial-In Number: 1 (877) 269-7751 Toll Dial-In Number: 1 (201) 389-0908 Conference Replay* Toll Free Dial in Number: 1 (844) 512-2921 Toll Dial in Number: 1 (412) 317-6671 Access ID: 13758199 *Available from March 26, 2026 through May 7, 2026. About the Company American Strategic Investment Co. owns a portfolio of commercial real estate. Additional information about ASIC can be found on its website at http://www.americanstrategicinvestment.com. Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including, without limitation, statements regarding the Company’s ability to return to compliance with the New York Stock Exchange’s ("NYSE") continued listing standards. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a n...