New York City REIT Inc

American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm’s top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in New York, NY.

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New York City REIT Inc reports solid Q1 results and strategic growth plans

NYC's Q1 performance reflects positive growth in key metrics, supported by a strategic focus on diversification and portfolio stability.
While challenges exist in executing property sales and navigating market conditions, NYC's strengths lie in its financial prudence and growth strategy.
Opportunities for NYC include leveraging property sales to enhance financial flexibility, diversifying its portfolio, and optimizing shareholder value.

NYC REIT Inc reports robust Q2 results amidst strategic divestments

NYC REIT Inc's Q2 2024 performance reflects operational strength with notable growth in adjusted EBITDA and occupancy.
While facing challenges such as noncash impairments and flat revenue, the company maintains a conservative balance sheet and strategic divestment plans.
Opportunities lie in contract signings, market improvements, and reinvestment strategies that position NYC REIT for future growth and value creation.
Management's positive outlook for future quarters indicates confidence in the company's ability to navigate challenges and capitalize on opportunities.

NYC REIT reports positive Q3 results and plans strategic divestment

New York City REIT Inc (NYC) delivered strong Q3 results with a focus on improving financial metrics and portfolio diversification.
The company's emphasis on reducing leverage, strengthening cash position, and pursuing higher-yielding opportunities reflects a strategic approach to enhance shareholder value.
Despite challenges in managing debt and evaluating financial performance, NYC REIT remains optimistic about its growth prospects and market opportunities.

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American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm's top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in Newport, RI.

American Strategic Investment Co. (NYC) Q3 2023 Earnings Call Transcript

NEW YORK--(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 September 30, 2023. Third Quarter 2023 and Subsequent Event Highlights Revenue was $16.0 million compared to $15.9 million in the third quarter 2022 and $15.8 million in the second quarter of 2023 as new leases.

American Strategic Investment Co. Announces Third Quarter 2023 Results

NEW YORK--(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 third quarter ended, September 30, 2023, on Thursday, November 9, 2023, before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, November 9, 2023, beginning at 11:00 a.m. ET, to discuss the third quarter results and provide commentary on business perfor.

American Strategic Investment Co. Announces Release Date for Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it completed the sale of the property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million. “We are pleased to complete the sale of the Hit Factory, a vacant property that will provide approximately $4.2 million of cash proceeds for the Company and positively impacts the Company's property level operating expenses through the elimination of meaningful expenses as.

American Strategic Investment Co. Completes Disposition of the Hit Factory

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has signed a definitive purchase and sale agreement to sell a property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million. The sale is expected to close in the fourth quarter, 2023. Net proceeds from the sale of the property, which is unencumbered, will be available for general corporate purposes. “We are pleased to reach an agreement to sell the vacant Hit.

American Strategic Investment Co. Announces Disposition of the Hit Factory

American Strategic Investment Co. (NYSE:NYC ) Q2 2023 Earnings Call Transcript August 11, 2023 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Weil - Chief Executive Officer Christopher Masterson - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley Operator Good morning, and welcome to the American Strategic Investment Company Second Quarter Earnings Call.

American Strategic Investment Co. (NYC) Q2 2023 Earnings Call Transcript

American Strategic Investment Co. (NYC) came out with a quarterly loss of $0.74 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to loss of $6.72 per share a year ago.

American Strategic Investment Co. (NYC) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(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 second quarter ended June 30, 2023. Second Quarter 2023 and Subsequent Event Highlights Revenue was $15.8 million compared to $16.2 million in the second quarter 2022 and $15.5 million in the first quarter 2023, as new leases bega.

American Strategic Investment Co. Announces Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the second quarter ended June 30, 2023 on Friday, August 11, 2023 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, August 11, 2023, beginning at 11:00 a.m. ET, to discuss the second quarter results and provide commentary on business performance. The call will be.

American Strategic Investment Co. Announces Release Date for Second Quarter 2023 Results

American Strategic Investment Co. (NYSE:NYC ) Q1 2023 Earnings Conference Call May 12, 2023 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Weil - Chief Executive Officer Chris Masterson - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley Operator Good morning, and welcome to the American Strategic Investment Co.'s First Quarter 2023 Earnings Call.

American Strategic Investment Co. (NYC) Q1 2023 Earnings Call Transcript

American Strategic Investment (NYC) came out with a quarterly loss of $1.28 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $1.20 per share a year ago.

American Strategic Investment (NYC) Reports Q1 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”), a company that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the first quarter ended March 31, 2023. First Quarter 2023 and Subsequent Event Highlights Revenue was $15.5 million compared to $15.6 million in the first quarter 2022 Net loss attributable to common stockholders was $11.

American Strategic Investment Co. Announces First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2023, on Friday, May 12, 2023, before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, May 12, 2023, beginning at 11:00 a.m. ET, to discuss the first quarter results and provide commentary on business performance. The call will be condu.

American Strategic Investment Co. Announces Release Date for First Quarter 2023 Results

American Strategic Investment Co. (NYSE:NYC ) Q4 2022 Earnings Conference Call March 16, 2023 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Weil - Chief Executive Officer Christopher Masterson - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley FBR Operator Good morning and welcome to the American Strategic Investment Co's Fourth Quarter and Year-End 2022 Earnings Call.

American Strategic Investment Co. (NYC) Q4 2022 Earnings Call Transcript

American Strategic Investment (NYC) delivered FFO and revenue surprises of 84.72% and 0.19%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

American Strategic Investment (NYC) Reports Q4 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”), a company that owns a portfolio of high-quality 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, 2022. All per share data has been retroactively adjusted to reflect the 1-for-8 reverse stock split which occurred on January 11, 2023.

American Strategic Investment Co. Announces Fourth Quarter and Full Year 2022 Results

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today the execution of a 9,300 square foot lease at 1140 Avenue of the Americas in New York City. The lease is with Security Scorecard, has a duration of 3.5 years, and replaces an expiring lease with another tenant. Security Scorecard provides continuous monitoring of their customers security risk posture based on their online web presence.

American Strategic Investment Co. Announces 9,300 Square Foot Lease

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the fourth quarter and year ended December 31, 2022 on Thursday, March 16, 2023 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, March 16, 2023, beginning at 11:00 a.m.

American Strategic Investment Co. Announces Release Date for Fourth Quarter and Full Year 2022 Results

NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today the final results of its non-transferable rights offering (the “Rights Offering), which entitled holders of rights to purchase 0.20130805 of a share of the Company's Class A common stock, par value $0.01 per share, (the “Common Stock”) for every right held at a subscription price of $12.95 per whole share. The Rights Offering expired on February 22, 2023 at 5:00 p.m., Eastern Time.

American Strategic Investment Co. Announces Final Results of Rights Offering for Common Stock

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The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%).

The State Of REITs: February 2023 Edition

NEW YORK--( BUSINESS WIRE )--American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today that it commenced an offering of shares of its Class A common stock, par value $0.01 per share (the “Common Stock”) through a rights offering (the “Rights Offering”).

American Strategic Investment Co. Announces Commencement of Rights Offering for Common Stock

NEW YORK--( BUSINESS WIRE )--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it completed a previously announced reverse stock split at a ratio of 1-for-8 (the “Reverse Stock Split”). The Reverse Stock Split took effect at 5:00 p.m. Eastern Time on January 11, 2023 (the “Effective Time”) and automatically converted each share of Common Stock outstanding at that time into 0.125 shares of Common Stock. The Reverse Stock Split affected all holders of Common Stock uniformly and did not affect any common stockholder's percentage ownership interest in the Company, except for any fractional shares of Common Stock that would otherwise have resulted from the Reverse Stock Split which will be settled by cash payment, calculated on the basis of the closing trading price of the Common Stock (as adjusted for the Reverse Stock Split) on January 11, 2023 on the NYSE multiplied by such fraction. As a result of the Reverse Stock Split, the number of shares of the Company's Common Stock outstanding was reduced from approximately 15.4 million to approximately 1.9 million shares as of the Effective Time.

New York City REIT Announces Completion of Reverse Stock Split and Termination of REIT Status

NEW YORK--( BUSINESS WIRE )--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it will change its name to American Strategic Investment Co. effective on January 19, 2023 and the Company will begin trading under the new name on January 20, 2023. The Company will file a Certificate of Amendment to its Articles of Restatement with the Secretary of State of the State of Maryland setting forth the name change at the relevant time.

New York City REIT Announces Change of Name to American Strategic Investment Co.

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U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0.1% this week while the tech-heavy Nasdaq dipped another 0.4%, shedding nearly a third of its value in 2022.

Good Riddance, 2022

NEW YORK--( BUSINESS WIRE )--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it intends to expand the scope of the assets and businesses the Company may own and operate. By investing in other asset types, the Company may generate income that does not otherwise constitute income that qualifies for purposes of qualifying as a Real Estate Investment Trust or (“REIT”). As a result, the Company expects to change its REIT election and become a taxable C corporation. The election if and when made, would be effective as of January 1, 2023.

NYC Announces Business Strategy Change and Plan to Declare a Common Stock Reverse Stock Split

News for New York City REIT Inc Stock (NYC)