New York City Reit, Inc. ( (NYC) ) has released its Q2 earnings. Here is a breakdown of the information New York City Reit, Inc. presented to its investors.
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American Strategic Investment Co. (NYSE: NYC) is a company that owns a portfolio of commercial real estate properties located within the five boroughs of New York City, focusing on tenant retention and strategic asset management.
In its second quarter of 2025 earnings report, American Strategic Investment Co. reported a decrease in revenue to $12.2 million from $15.8 million in the same period last year, largely due to the sale of a significant property. Despite the revenue drop, the company managed to reduce its net loss to $41.7 million from $91.9 million in the previous year.
Key financial metrics highlighted in the report include a cash net operating income of $4.2 million and an adjusted EBITDA of $0.4 million, both showing a decline compared to the previous year. The company’s portfolio occupancy remained stable at 82%, and the weighted-average remaining lease term increased to 6.0 years, thanks to lease extensions. The company also maintains a diversified tenant base, with a significant portion of rent derived from investment-grade tenants.
Looking ahead, the management of American Strategic Investment Co. is focused on enhancing long-term portfolio value by divesting certain Manhattan assets and reinvesting in higher-yielding opportunities. This strategic approach aims to optimize the company’s asset base and improve financial performance in the coming quarters.