Welcome to our dedicated page for American Strategic Investment Co. news (Ticker: NYC), a resource for investors and traders seeking the latest updates and insights on American Strategic Investment Co. stock.
American Strategic Investment Co. is a leading real estate investment firm focused on prime commercial properties in New York City. This page provides official news updates and press releases about the company's strategic initiatives, portfolio developments, and market activities.
Access comprehensive updates on earnings reports, property acquisitions, and asset management strategies. Investors and industry professionals will find timely information about lease agreements, investor communications, and operational milestones within Manhattan's competitive real estate sector.
Key updates include portfolio expansions, tenant partnership announcements, and financial performance disclosures. All content is sourced directly from the company to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to critical updates about one of NYC's prominent commercial real estate stewards. Check regularly for insights into how the company navigates urban property markets and creates long-term value through strategic asset management.
American Strategic Investment Co. (NYSE: NYC) has received a notice from the NYSE regarding non-compliance with continued listing standards. The company's 30-trading day average market capitalization of $34.3 million and stockholders' equity of $35.5 million fall below the NYSE's minimum requirement of $50 million for each metric.
The company has 45 days to submit a business plan demonstrating compliance within 18 months. If accepted, NYC will undergo quarterly monitoring; if rejected, the stock may face suspension and delisting. Trading continues during this period, and the company's SEC reporting obligations remain unchanged.
American Strategic Investment Co. (NYSE: NYC) reported its Q2 2025 financial results, showing significant declines across key metrics. Revenue decreased to $12.2 million from $15.8 million in Q2 2024, primarily due to the previous sale of 9 Times Square. The company posted a net loss of $41.7 million, though improved from a $91.9 million loss in Q2 2024.
Portfolio metrics showed stability with 82.0% occupancy and an improved weighted-average lease term of 6.0 years. The company's portfolio consists of six properties totaling 1.0 million rentable square feet, with 77% of top 10 tenant rent coming from investment grade or implied investment grade tenants. The company maintains a 6.4% weighted-average interest rate on its debt, with a net debt to gross asset value of 63.6%.
American Strategic Investment Co. (NYSE: NYC) has scheduled the release of its Q2 2025 financial results for Friday, August 8, 2025, before the NYSE market opens. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results.
Investors can access the live webcast through the company's website and participate in the conference call using toll-free (1-877-269-7751) or toll (1-201-389-0908) dial-in numbers. A replay will be available through September 19, 2025, using conference ID 13754142.
American Strategic Investment Co. (NYSE: NYC) reported challenging Q1 2025 financial results, with revenue declining to $12.3 million from $15.5 million in Q1 2024, primarily due to the sale of 9 Times Square. The company's net loss widened to $8.6 million from $7.6 million year-over-year, while Cash NOI decreased to $4.2 million from $7.0 million.
Despite financial headwinds, portfolio occupancy improved by 120 basis points to 82.0%, with a weighted-average lease term of 5.4 years. The company's portfolio consists of six properties totaling 1.0 million rentable square feet, with 77% of top 10 tenants' rent derived from investment grade tenants. The company maintains a $342.9 million net debt position with a 4.4% weighted-average interest rate.
American Strategic Investment Co. (NYSE: NYC) has scheduled the release of its first quarter 2025 financial results for Friday, May 9, 2025, before the NYSE market opening. The company will host a webcast and conference call at 11:00 a.m. ET on the same day to discuss the results and business performance.
Investors and interested parties can access the live broadcast through the company's website at americanstrategicinvestment.com in the Investor Relations section. A replay will be available after the call through June 20, 2025. The conference call can be accessed via toll-free (1-877-269-7751) or toll (1-201-389-0908) numbers.
American Strategic Investment Co. (NYSE: NYC) reported its Q4 and full-year 2024 results. Q4 revenue decreased to $14.9M from $15.4M in Q4 2023, partly due to 9 Times Square sale. Net loss improved to $6.7M ($2.60 per share) compared to $73.9M loss in Q4 2023.
Full-year 2024 highlights include revenue of $61.6M (down from $62.7M in 2023), portfolio occupancy of 80.8%, and completion of five new leases totaling 37,407 square feet. The company maintains a conservative balance sheet with 56.9% net leverage and 100% fixed-rate debt at 4.4% weighted-average interest rate.
Portfolio metrics show 77% of top 10 tenants' rent comes from investment grade tenants, with a weighted-average lease term of 8.0 years. The portfolio consists of six properties comprising 1.0M rentable square feet, with 72% office space based on annualized straight-line rent.
American Strategic Investment Co. (NYSE: NYC) has scheduled the release of its fourth quarter and full year 2024 financial results for Wednesday, March 19, 2025, before the NYSE market opening. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results and provide business performance commentary.
Investors can access the live webcast through the company's website at americanstrategicinvestment.com in the Investor Relations section. A replay of the conference call will be available from March 19, 2025, through June 19, 2025.
American Strategic Investment Co. (NYSE: NYC) has announced December 19, 2024, as the closing date for the sale of its 9 Times Square Midtown Manhattan property for $63.5 million. The buyer has provided a $7 million non-refundable deposit. The company previously secured a mortgage loan amendment extending the maturity date to January 2025 to facilitate the sale. ASIC expects to generate approximately $13.5 million in net proceeds, which it plans to use for strengthening its balance sheet and supporting its expanded asset acquisition and diversification strategy.
American Strategic Investment Co. (NYSE: NYC) reported its Q3 2024 financial results, showing a revenue of $15.4 million, down from $16.0 million in Q3 2023. The company recorded a net loss of $34.5 million, largely due to non-cash impairments of $27.8 million, including $1.9 million related to the pending sale of 9 Times Square. Despite challenges, Cash NOI increased to $6.8 million from $6.5 million year-over-year. Portfolio occupancy improved to 85.8%, with 81% of top 10 tenants' rent coming from investment-grade rated tenants. The company maintains a 4.9% weighted-average interest rate on its debt with 2.5 years of weighted-average maturity.
American Strategic Investment Co. (NYSE: NYC) has announced it will release its Q3 2024 financial results on Tuesday, November 12, 2024, before the NYSE market opens. The company will host a webcast and conference call at 11:00 a.m. ET the same day to discuss results and business performance, followed by a Q&A session. The event will be accessible through the company's website and via toll-free conference call. A replay will be available through February 10, 2025.
FAQ
What is the current stock price of American Strategic Investment Co. (NYC)?
What is the market cap of American Strategic Investment Co. (NYC)?
