American Strategic Investment Co. Stock Price, News & Analysis

New York City REIT (NYSE: NYC) recently addressed shareholders, emphasizing its strong performance and experienced Board led by Elizabeth Tuppeny. The company urges shareholders to vote the GOLD proxy card to maintain investment value and dividend security, dismissing the activist campaign from Comrit Investments 1, LP. NYC claims Comrit is misleading shareholders and lacks a clear plan for improvement. The letter highlights NYC's impressive total return of nearly 37% in 2021, outperforming its peers and major indices, reinforcing the Board's capability to generate long-term shareholder value.

Comrit Investments 1, LP, a significant stockholder of New York City REIT (NYSE: NYC), urges fellow stockholders to vote for Sharon Stern as an independent director at the upcoming Annual Meeting on May 31, 2022. Comrit emphasizes the need for boardroom change to enhance the company’s governance and performance. This initiative highlights Comrit's commitment to contributing positively to NYC REIT's direction and shareholder value.

New York City REIT, Inc. (NYSE: NYC) will release its first-quarter financial results for the period ending March 31, 2022, on May 13, 2022, before trading begins. An audio webcast and conference call will follow at 11:00 a.m. ET on the same day, allowing for investor questions and management insights. Dial-in instructions for live participation and replay options are provided. The firm focuses on high-quality commercial real estate within New York City, emphasizing its commitment to transparency and communication with shareholders.

New York City REIT, Inc. (NYSE: NYC) announces its commitment to maintain dividends at an annualized rate of $0.40 per share, translating to $0.10 paid quarterly. The next dividend payment is set for April 18, 2022, for shareholders recorded by April 11, 2022. NYC's strategy reflects confidence in its portfolio of high-quality commercial real estate in New York City. The company’s forward-looking statements caution potential risks affecting future results, as outlined in their recent filings.

New York City REIT (NYSE: NYC) reported robust financial metrics for Q4 2021, with revenues rising to $24.2 million, a significant increase from $9.9 million in Q4 2020. The net loss narrowed to $3.8 million per share, compared to a loss of $16.6 million a year earlier. Cash net operating income surged by 74% to $7.1 million. The company collected 96% of due cash rents, demonstrating improved tenant reliability. The total return for NYC from January 1, 2021, to March 1, 2022, was 55%, surpassing the S&P 500. The REIT retains a strong portfolio valued at $852.7 million with a 40.1% net leverage.

Comrit Investments has announced its nomination of Sharon Stern as a new director for New York City REIT (NYSE: NYC) at the forthcoming 2022 Annual Meeting. The company criticizes NYC REIT's corporate governance and performance, claiming a significant discount to net asset value (NAV). Concerned stockholders are urged to review the preliminary proxy statement and to advocate for the establishment of the Annual Meeting date to enhance stockholder rights. Comrit believes that Stern's expertise in real estate governance can restore investor confidence.

New York City REIT, Inc. (NYSE: NYC) plans to release its financial results for Q4 and the full year ended December 31, 2021, on March 17, 2022, before trading starts on the New York Stock Exchange. A conference call will follow at 11:00 a.m. ET, where management will discuss performance and answer questions. Interested parties can access the live broadcast via NYC's website. The company focuses on high-quality commercial real estate in New York City.

New York City REIT, Inc. (NYSE: NYC) disclosed that its independent directors purchased 24,852 shares of Class A Common stock, with 19,660 shares acquired since January 19, 2022. In the fourth quarter of 2021, directors opted for stock compensation instead of cash. Lead Independent Director, Betty Tuppeny, expressed confidence in NYC's long-term value, emphasizing the board's proactive strategies during the pandemic. This move reflects a strong belief in the company's future amidst ongoing economic challenges.

New York City REIT, Inc. (NYSE: NYC) reported a 95% cash rent collection rate for Q4 2021 as of January 19, 2022, the highest since the pandemic began. The company signed a five-year lease renewal with the New York Department of State for approximately 45,000 square feet at 123 William Street, totaling around $10.1 million in straight-line rent. CEO Michael Weil highlighted that effective asset management contributed to these successes, securing a stable, credit-worthy tenant for a significant period.