Earnings summaries and quarterly performance for American Strategic Investment.
Executive leadership at American Strategic Investment.
Board of directors at American Strategic Investment.
Research analysts who have asked questions during American Strategic Investment earnings calls.
Recent press releases and 8-K filings for NYC.
American Strategic Investment Co. Announces NYSE Acceptance of Continued Listing Compliance Plan
NYC
Delisting/Listing Issues
- American Strategic Investment Co. (ASIC) announced on December 1, 2025, that the New York Stock Exchange (NYSE) has accepted its business plan to regain compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual.
- ASIC had previously received a notice on August 26, 2025, for non-compliance because its average global market capitalization over a consecutive 30 trading-day period and its stockholders' equity as of June 30, 2025, were both less than $50,000,000.
- The company has been granted until February 26, 2027, to regain conformity with the continued listing standards.
- During this cure period, ASIC's Class A common stock will continue to be listed on the NYSE, subject to compliance with other listing standards and quarterly monitoring by the NYSE.
Dec 1, 2025, 11:06 AM
American Strategic Investment Co. Reports Q3 2025 Financials and Capital Structure Updates
NYC
Earnings
Management Change
Delisting/Listing Issues
- American Strategic Investment Co. reported a capital structure as of September 30, 2025, featuring 100% fixed-rate mortgage debt, a 3.8-year weighted-average debt maturity, and Net Leverage of 58.6%.
- For the third quarter ended September 30, 2025, the company's key financial metrics were:
| Metric | Q3 2024 | Q3 2025 |
|---|---|---|
| Net Loss (in thousands) | $(34,482) | $35,754 |
| Adjusted EBITDA (in thousands) | $4,094 | $1,945 |
| Cash NOI (in thousands) | $6,770 | $5,328 |
- The management team includes Nicholas Schorsch, Jr. as Chief Executive Officer since March 2025, and Michael LeSanto as Chief Financial Officer since March 2024.
- The company faces risks, including the potential for NYSE delisting if it cannot regain compliance with listing requirements.
Nov 19, 2025, 11:00 PM
American Strategic Investment Company Reports Q3 2025 Results and Strategic Dispositions
NYC
Earnings
New Projects/Investments
Auditor Change
- American Strategic Investment Company reported Q3 2025 revenue of $12.3 million and a GAAP net gain of $35.8 million, which included a $44.3 million non-cash gain related to the foreclosure of 1140 Avenue of the Americas. Adjusted EBITDA for the quarter was $1.9 million.
- The company anticipates disposing of 1140 Avenue of the Americas in Q4 2025 through a consensual foreclosure, which is expected to eliminate a $99 million liability maturing in July 2026.
- Management is also marketing 123 Williams Street and 196 Orchard for sale with the intention to use net proceeds to retire debt and reinvest in higher-yielding assets.
- The portfolio's weighted average remaining lease term increased to 6.2 years, with 56% of leases extending beyond 2030, and 69% of top 10 tenants being investment-grade or implied investment-grade.
- As part of cost-saving measures, the company appointed CBIZ CPAs as its new independent registered public accounting firm for the fiscal year ending December 31, 2025, effective with the Q3 2025 review.
Nov 19, 2025, 11:00 PM
American Strategic Investment Company Reports Q3 2025 Results and Strategic Asset Dispositions
NYC
Earnings
New Projects/Investments
Auditor Change
- American Strategic Investment Company reported Q3 2025 revenue of $12.3 million and a GAAP net gain of $35.8 million, significantly impacted by a $44.3 million non-cash gain related to the foreclosure at 1140 Avenue of the Americas.
- The company is strategically disposing of 1140 Avenue Americas via consensual foreclosure, anticipated to close in Q4 2025, which is expected to eliminate a $99 million liability maturing in July 2026.
- Management is also marketing 123 Williams Street and 196 Orchard for sale, with expected net proceeds to retire debt and reinvest in higher-yielding assets.
- The portfolio's weighted average remaining lease term extended to 6.2 years at quarter-end, with 56% of leases extending beyond 2030, and 69% of top 10 tenants being investment-grade or implied investment-grade.
- The company appointed CBIZ CPAs as its new independent registered public accounting firm for the fiscal year ending December 31, 2025, starting with the review of Q3 2025 unaudited results, as part of an effort to streamline costs.
Nov 19, 2025, 11:00 PM
American Strategic Investment Company Reports Q3 2025 Results and Strategic Portfolio Management
NYC
Earnings
New Projects/Investments
Auditor Change
- American Strategic Investment Company reported Q3 2025 revenue of $12.3 million, a decrease from $15.4 million in Q3 2024, primarily due to the sale of 9 Times Square in Q4 2024. The company recorded a GAAP net gain of $35.8 million in Q3 2025, significantly impacted by a $44.3 million non-cash gain related to the foreclosure at 1140 Avenue of the Americas.
- The company is strategically disposing of 1140 Avenue of the Americas via consensual foreclosure, anticipated to close in Q4 2025, which is expected to eliminate a $99 million liability maturing in July 2026. They are also marketing 123 Williams Street and 196 Orchard for sale, with net proceeds intended to retire debt and reinvest in higher-yielding assets.
- The portfolio's stability is supported by a weighted average remaining lease term of 6.2 years at quarter end, up from 5.9 years in Q2 2025, and 56% of leases extending beyond 2030. Additionally, 69% of top 10 tenants are investment-grade or implied investment-grade.
- To streamline costs and reduce general and administrative expenses, the company appointed CBIZ CPAs as its new independent registered public accounting firm for the fiscal year ending December 31, 2025, beginning with the review of Q3 2025 unaudited results.
Nov 19, 2025, 11:00 PM
American Strategic Investment Co. Reports Q3 2025 Results and Strategic Dispositions
NYC
Earnings
New Projects/Investments
Auditor Change
- American Strategic Investment Co. reported Q3 2025 revenue of $12.3 million and a GAAP net gain of $35.8 million, which included a $44.3 million non-cash gain related to the foreclosure of 1140 Avenue of the Americas. Adjusted EBITDA for the quarter was $1.9 million.
- The company is strategically disposing of 1140 Avenue of the Americas in Q4 2025 through consensual foreclosure, expected to eliminate a $99 million liability maturing in July 2026. Additionally, 123 William Street and 196 Orchard are being marketed for sale.
- The portfolio's weighted-average remaining lease term increased to 6.2 years at the end of Q3 2025, with 56% of leases extending beyond 2030 and 69% of top 10 tenants being investment grade or implied investment grade.
- CBIZ CPAs has been engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, starting with the Q3 2025 review, as part of an effort to streamline costs and reduce general and administrative expenses.
Nov 19, 2025, 10:31 PM
American Strategic Investment Co. Announces Third Quarter 2025 Results and Subsequent Loan Acceleration
NYC
Earnings
Legal Proceedings
- For the third quarter ended September 30, 2025, American Strategic Investment Co. reported revenue of $12.3 million and net income attributable to common stockholders of $35.8 million, which included a $44.3 million non-cash gain from the disposition of 1140 Avenue of the Americas.
- Cash Net Operating Income (NOI) for Q3 2025 was $5.3 million, and Adjusted EBITDA was $1.9 million, both lower than the prior year's third quarter.
- Subsequent to the quarter, on November 6, 2025, a lender accelerated a $50.0 million loan for the 400 E. 67th Street/200 Riverside properties due to alleged events of default.
- As of September 30, 2025, the company's portfolio occupancy was 80.9%, with a weighted-average remaining lease term of 6.2 years.
Nov 19, 2025, 10:02 PM
American Strategic Investment Reschedules Q3 2025 Results Amid Financial Review
NYC
Earnings
Auditor Change
Profit Warning
- American Strategic Investment Co. rescheduled the release of its third quarter 2025 financial results to November 19, 2025, after market close, to allow additional review time for its newly appointed auditor.
- The company faces financial challenges, including a high debt-to-equity ratio, low current ratio, and ongoing unprofitability, with diluted earnings per share for the last twelve months reported at -$35.89.
- Recent strategic actions include a consensual foreclosure agreement for a property that eliminated a $99 million debt maturity and a change in independent auditor to CBIZ, which generated significant cost savings.
- Its Manhattan commercial real estate portfolio maintains 80.9% occupancy and a weighted average remaining lease term of 6.2 years, with 69% of its top 10 tenants being investment grade.
Nov 19, 2025, 5:32 PM
American Strategic Investment Co. receives NYSE continued listing notice
NYC
Delisting/Listing Issues
- American Strategic Investment Co. (ASIC) received a notice from the NYSE on August 26, 2025, for not meeting continued listing standards under Section 802.01B of the NYSE Listed Company Manual.
- The non-compliance stems from the company's 30-trading day average market capitalization of approximately $34.3 million (below the $50 million requirement) and stockholders' equity of approximately $35.5 million as of June 30, 2025 (below the $50 million requirement).
- ASIC must submit a business plan to the NYSE within 45 days to demonstrate compliance within 18 months, with no immediate effect on the listing of its Class A common stock.
Aug 27, 2025, 12:00 AM
Quarterly earnings call transcripts for American Strategic Investment.
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