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American Strategic Investment Co. Announces Fourth Quarter 2025 Results

NYC
  • American Strategic Investment Co. (NYSE: NYC) reported financial results for the fourth quarter and full year ended December 31, 2025.
  • Revenue for Q4 2025 was $6.5 million compared to $14.9 million in Q4 2024, while full-year 2025 revenue was $43.3 million compared to $61.6 million in 2024, driven by property dispositions including the sale of 9 Times Square in Q4 2024 and the disposition of 1140 Avenue of the Americas in Q4 2025.
  • Net loss attributable to common stockholders was $6.7 million ($2.62 per share) for Q4 2025 and $21.2 million ($8.32 per share) for the full year 2025, compared to $6.7 million ($2.60 per share) and $140.6 million ($56.51 per share) respectively in the prior year periods.
  • Adjusted EBITDA for Q4 2025 was $1.2 million versus $1.3 million in Q4 2024, while full-year 2025 Adjusted EBITDA was $0.3 million compared to $12.0 million in 2024.
  • Cash Net Operating Income (NOI) was $1.8 million for Q4 2025 and $16.0 million for the full year 2025, down from $6.6 million and $27.6 million respectively in the prior year periods.
  • The portfolio occupancy stood at 80.3% as of December 31, 2025, with a weighted-average remaining lease term of 6.1 years.
  • 69% of annualized straight-line rent from the top 10 tenants was derived from investment grade or implied investment grade rated tenants with a weighted-average remaining lease term of 6.9 years.
  • The company completed 13 new leases totaling over 117,000 square feet and $20.4 million in straight-line rent during 2025.
  • The portfolio consisted of five properties comprising 0.7 million rentable square feet, with 67.3% of annualized straight-line rent from office space.
  • Portfolio debt was 100% fixed-rate with a 4.5% weighted-average interest rate 1.5 years weighted-average debt maturity, resulting in a net leverage of 47.5%.
  • As of December 31, 2025, the company held $1.3 million in cash and cash equivalents, with total debt of $249.7 million.
  • CEO Nicholas Schorsch, Jr. stated the company is well-positioned to dispose of non-core assets and prioritize capital to enhance long-term shareholder value.
  • A webcast and conference call to discuss these results is scheduled for April 15, 2026, at 11:00 a.m. ET.