Earnings Releases·Nov 13, 2026, 4:49 PM ET

American Strategic Investment Co. — Third Quarter 2026 Earnings Summary

Revenue declined 42% to $7.1 million and net loss widened to $6.7 million (vs. $35.8 million net income in Q3 2025), driven by the prior-year disposition of 1140 Avenue of the Americas; EBITDA fell to $2.2 million from $46.1 million.
Portfolio occupancy stood at 74.0% with five properties remaining, excluding the foreclosed 1140 Avenue asset; pro-forma occupancy is estimated at 78% following a lease extension and expansion with the State of New York at 123 William Street.
Net debt reached $245.7 million (58.6% of gross asset value) with a weighted-average interest rate of 4.56%; total equity decreased to $47.3 million from $64.8 million at year-end 2025.
The company faces foreclosure litigation on 400 E. 67th Street and 200 Riverside Blvd. and risks failing to meet NYSE continued listing standards, while management focuses on completing asset dispositions and capitalizing on the NY lease execution.
Capital management included issuing shares in lieu of $2.5 million in advisory and management fees and borrowing $0.3 million from its advisor for working capital, which was fully repaid with interest in Q4 2026.