American Strategic Investment Co. reports developments tied to a portfolio of commercial real estate within the five boroughs of New York City. Its updates focus on quarterly and annual operating results, leasing activity, occupancy, tenant mix, property dispositions, and asset-level actions affecting office properties and related retail or amenity space.
Company news also covers capital structure and liquidity commentary, portfolio debt and leverage, earnings-call schedules, investor presentations, and NYSE continued-listing compliance matters. As an externally managed real estate company, ASIC disclosures often connect property performance with advisory arrangements, capital allocation, and stock-exchange status updates.
New York City REIT, Inc. (NYSE: NYC) has reported its financial results for Q2 2021, revealing revenue of $15.0 million and a net loss of $11.1 million attributable to common stockholders. Cash NOI increased by 6.7% to $6.0 million, while FFO improved to $(4.0) million from $(5.0) million in Q1. The occupancy rate rose to 84.5%, with 89% of original cash rent collected. The company maintains a strong balance sheet with a net leverage of 38.3% and no debt maturities for three years. A forward leasing pipeline could potentially add $1.3 million in annualized straight-line rent.
New York City REIT, Inc. (NYSE: NYC) will release its financial results for the second quarter ended June 30, 2021, on August 12, 2021, before market open. Following this, a conference call will commence at 10:00 a.m. ET, where NYC's management will discuss the results and provide insights into business performance. The call will include a Q&A session for analysts and investors. Those interested can access the live call via the NYC website, with a replay available post-call. The company focuses on high-quality commercial real estate across New York City.
New York City REIT, Inc. (NYSE: NYC) announced its intention to maintain dividends at an annual rate of $0.40 per share, or $0.10 quarterly. A dividend of $0.10 per share is set for July 15, 2021, for stockholders on record as of July 12, 2021. Dividends will be paid quarterly in arrears following the close of each fiscal quarter unless otherwise specified. The company primarily invests in high-quality commercial real estate across New York City's five boroughs.
New York City REIT (NYSE: NYC) reported its Q1 2021 financial results, revealing revenue of $15.2 million, down from $17.5 million in Q1 2020, but an increase from $9.9 million in Q4 2020. The net loss attributable to common stockholders was $13.5 million, compared to $6.8 million in the prior year. The company's cash net operating income dipped to $5.6 million. Portfolio occupancy stood at 82.8%, with 85% of cash rent collected. Despite challenges, management expresses optimism about asset management strategies as NYC reopens.
New York City REIT, Inc. (NYSE: NYC) will announce its financial results for Q1 2021 on May 13, 2021, before the NYSE opens. A conference call will follow at 11:00 a.m. ET, featuring management commentary on performance and a Q&A session for analysts and investors. Interested parties can access the live webcast through the Company’s Investor Relations webpage. Dial-in details for the call are provided for both domestic and international participants, along with replay options available after the event until August 13, 2021.
New York City REIT, Inc. (NYSE: NYC) has confirmed its commitment to pay dividends of $0.10 per share quarterly, amounting to an annualized rate of $0.40. The next dividend is set for April 15, 2021, for common stockholders of record by April 12, 2021. These dividends will be paid in arrears on the 15th of the first month following each fiscal quarter to shareholders on record. NYC operates a portfolio of premier commercial real estate across New York City's five boroughs.
New York City REIT (NYSE: NYC) reported its financial results for Q4 and the year ending December 31, 2020, highlighting a revenue of $9.9 million and a net loss of $16.6 million, or $1.30 per share. The company collected 82% of cash rent due, with 89% from top tenants. Portfolio occupancy was 87%, down from 89.6% YoY. Notably, it executed leases with a Fortune 50 company, expected to increase annual gross rent by over $1.2 million. Despite challenges, NYC maintains a conservative balance sheet with a net leverage of 37.3% and no debt maturities for three years.
New York City REIT, Inc. (NYSE: NYC) will announce its financial results for the fourth quarter and full year ended December 31, 2020, on March 16, 2021, prior to market opening. The company will hold a conference call at 11:00 a.m. ET on the same day, featuring a discussion on performance and a Q&A session. Due to high call volumes and COVID-19 impacts, participants are encouraged to join via the webcast. More details can be found on the company’s website under 'Investor Relations.'
New York City REIT, Inc. (NYSE: NYC) announced its intention to continue paying dividends at an annualized rate of $0.40 per share, or $0.10 per share quarterly. NYC has declared a dividend of $0.10 per share on its Class A and Class B common stock, payable on January 15, 2021, to shareholders of record as of January 11, 2021. Dividends will be paid quarterly in arrears on the 15th day of the first month following each fiscal quarter’s end.
New York City REIT, Inc. (NYSE: NYC) reported a net loss of $12.3 million for Q3 2020, up from $4.8 million in Q3 2019, with revenues of $17.0 million, down from $18.6 million. The company achieved cash net operating income (NOI) of $6.1 million, a decline from $8.8 million year-over-year. Despite challenges from the COVID-19 pandemic, NYC collected 85% of cash rent due. Portfolio occupancy stood at 88.6%, with significant lease extensions adding $60 million in future revenue. The company ended Q3 with a strong balance sheet, featuring net leverage of 36.2% and no near-term debt maturities.