Welcome to our dedicated page for American Strategic Investment Co. SEC filings (Ticker: NYC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Strategic Investment Co.'s SEC filings document a Maryland corporation that owns New York City commercial real estate through a public-company structure with Class A common stock listed on the NYSE. Its current reports furnish earnings releases, supplemental financial information, investor presentations, conference-call materials, and Regulation FD disclosures tied to portfolio performance.
The filing record also covers capital structure, unregistered equity issuances, preferred stock purchase rights, and advisory arrangements with New York City Advisors, LLC and New York City Operating Partnership, L.P. Proxy materials disclose annual meeting proposals, director elections, voting procedures, and governance matters, while Form 12b-25 notices describe annual-report timing and financial-reporting processes.
American Strategic Investment Co. reported weaker results for the quarter ended March 31, 2026, as it continues to reposition its New York City real estate portfolio. Revenue from tenants was $7.3 million, down from $12.3 million a year earlier, mainly due to a prior property sale.
The company recorded a net loss attributable to common stockholders of $7.8 million, slightly improved from a $8.6 million loss in the first quarter of 2025. Cash NOI was $2.9 million and Adjusted EBITDA was a negative $1.1 million, highlighting ongoing pressure on earnings.
As of March 31, 2026, the portfolio comprised five properties totaling about 0.7 million square feet, 76.4% leased, with a weighted-average lease term of 6.2 years. Net debt was $248.5 million, equal to 59.6% of gross asset value, and all debt carried a weighted-average interest rate of 4.6%. Management emphasized the stability of the tenant base, noting that 69% of annualized straight-line rent from the top 10 tenants is from investment grade or implied investment grade tenants.
American Strategic Investment Co. announced it will release its financial results for the first quarter ended March 31, 2026 on May 15, 2026, before the New York Stock Exchange opens. The company will host a webcast and conference call at 11:00 a.m. ET the same day to review results and discuss business performance.
The call will be accessible through the Investor Relations section of the company’s website, with a replay available online and via phone from May 15 through May 29, 2026. The company also reiterates standard forward-looking statement disclosures, including risks related to its ability to regain compliance with NYSE continued listing standards and broader macroeconomic and geopolitical uncertainties.
American Strategic Investment Co. large stockholders filed Amendment No. 23 to their Schedule 13D, updating ownership of the company’s Class A common stock. Bellevue Capital Partners, LLC reports beneficial ownership of 1,823,384 shares, representing 67.7% of the class, based on 2,692,941 shares outstanding as of April 14, 2026.
AR Global Investments, LLC and related entities each report beneficial ownership of 752,764 shares, or 28.0% of the class, while Nicholas S. Schorsch reports 1,849,943 shares, or 68.7%. The filing notes that on April 30, 2026, 232,098 fully-vested shares were issued to New York City Advisors, LLC under the 2020 Advisor Omnibus Incentive Compensation Plan in connection with earned fees.
SCHORSCH NICHOLAS S reported acquisition or exercise transactions in this Form 4 filing.
American Strategic Investment Co. reported that its external advisor, New York City Advisors, LLC, received a grant of 232,098 fully vested Class A common shares at $8.23 per share as compensation under the 2020 Advisor Omnibus Incentive Compensation Plan.
Following this award, the advisor holds 752,764 Class A shares indirectly controlled through entities ultimately managed by Nicholas S. Schorsch. Bellevue Capital Partners, LLC directly owns 1,070,620 Class A shares, and Mr. Schorsch directly owns 26,559 Class A shares.
American Strategic Investment Co. granted shares to its external advisor instead of paying cash fees. The company owed the advisor $1,910,169.12 under an advisory agreement. On April 30, 2026, the compensation committee approved issuing 232,098 shares of Class A common stock to fully settle this amount.
The shares were granted as “Advisory Shares” under the 2020 Advisor Omnibus Incentive Compensation Plan and issued pursuant to a stock award agreement. The issuance was made as an unregistered sale of equity securities relying on the Section 4(a)(2) exemption under the Securities Act of 1933.
American Strategic Investment Co. is holding its 2026 annual stockholders meeting as a virtual-only event on June 2, 2026 at 2:00 p.m. Eastern Time. Holders of Class A common stock at the April 10, 2026 record date, when 2,692,941 shares were outstanding, may vote.
Stockholders will vote on electing two Class III directors to terms ending at the 2029 annual meeting, ratifying CBIZ CPAs P.C. as independent auditor for 2026, and approving a non-binding advisory resolution on executive compensation. The company is externally managed by an affiliate of AR Global, and Bellevue Capital Partners and affiliates beneficially own 1,568,988 shares, or 58.3% of the common stock. For 2025, CEO Nicholas S. Schorsch, Jr. received total reported compensation of $906,047, while CFO Michael LeSanto received $365,276, including restricted share awards under the 2020 Equity Plan.
American Strategic Investment Co., a Maryland corporation focused on New York City real estate, reports on a portfolio of five properties totaling 0.7 million rentable square feet as of December 31, 2025, excluding 1140 Avenue of the Americas, which is in consensual foreclosure.
The company shifted strategy away from a pure REIT model, revoked its REIT election effective January 1, 2023 and now operates as a taxable C corporation, supported by federal net operating loss carryforwards of $340.4 million fully reserved by a valuation allowance.
As of December 31, 2025, the portfolio was 80.3% occupied with a 6.1‑year weighted average remaining lease term, heavily concentrated in 123 William Street and several large tenants such as Planned Parenthood and Equinox. Liquidity is strained: cash and restricted cash fell to $8.0 million from $18.9 million year over year, the company carries $249.6 million of debt, is in covenant breach on $60.0 million of mortgages and has been notified of alleged defaults it is contesting. Cash traps on certain loans and the absence of cash dividends since March 2022 underscore funding and refinancing risk.
American Strategic Investment Co. furnished its fourth quarter and full-year 2025 earnings call transcript, highlighting a smaller but more focused New York City office portfolio and continued asset sales.
Revenue for 2025 was $43.3 million, down from $61.6 million in 2024, mainly because the company sold properties including 9 Times Square in late 2024 and 1140 Avenue of the Americas in fourth quarter 2025. Despite lower revenue, GAAP net loss attributable to common stockholders improved to $21.2 million from a $140.6 million loss in 2024, aided by a $46.6 million gain from a cooperative consensual foreclosure tied to 1140 Avenue of the Americas.
The portfolio at year-end totaled $382.6 million in value and 0.7 million square feet across five New York City assets, with 80.3% occupancy and a weighted average remaining lease term of 6.1 years$249.7 million of net debt, all fixed or swapped to fixed, at a 4.5% weighted-average interest rate and 1.5-year average remaining term, resulting in net leverage of 47.5%.
Leadership reiterated a strategy of pruning non-core assets, potentially selling properties at 123 William Street and 196 Orchard, and redeploying proceeds into higher-yielding investments while focusing on leasing, debt refinancing options, and cost control.
American Strategic Investment Co. furnished an investor presentation outlining its fourth quarter 2025 portfolio and capital structure. The Manhattan‑focused portfolio spans five mixed‑use office and retail properties with 80.3% occupancy and a weighted‑average remaining lease term of 6.1 years.
Real estate assets totaled $382.5 million, supported by 100% fixed‑rate mortgage debt of $251.0 million at a 4.5% weighted‑average interest rate and Net Leverage of 47.5%. The top 10 tenants are 69% investment‑grade by annualized straight‑line rent, and over 57% of leases expire after 2030.
In Q4 2025, revenue from tenants was $6.5 million, with a net loss of $6.7 million and EBITDA of $2.3 million. The company highlights ongoing marketing of 123 William Street and 196 Orchard Street for sale, expects significant proceeds, and notes no debt maturities until 2027.