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New York City REIT (NYC)
NYSE:NYC
Earnings Data
Report Date
Aug 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 09, 2025
|% Change Since: -10.56%
|Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights strategic initiatives to increase occupancy and engage with tenants, as well as efforts to divest assets and reduce leverage. However, the company faced declines in revenue and net operating income, along with increased net loss and negative adjusted EBITDA. Despite efforts to stabilize and grow, financial challenges remain evident.Company Guidance
During the first quarter of 2025 earnings call, American Strategic Investment Company (ASIC) provided several key metrics and strategic plans. The company's occupancy rate increased by 120 basis points to 82% from the previous quarter. Their portfolio's weighted average remaining lease term was 5.4 years, with 51% of leases extending beyond 2030. Their New York City real estate portfolio, valued at $488 million and encompassing 1 million square feet, is primarily located in Manhattan. The first quarter revenue was $12.3 million, down from $15.5 million the previous year, primarily due to the sale of 9 Times Square. The company reported a GAAP net loss of $8.6 million compared to $7.6 million in the first quarter of 2024, and an adjusted EBITDA of negative $0.8 million versus $2.9 million in the prior year. Their balance sheet reflected a net leverage of 58%, with a weighted average interest rate of 4.4% and a debt maturity average of 2.3 years. ASIC is actively marketing properties at 123 William Street and 196 Orchard for sale, aiming to reduce leverage and invest in higher-yielding assets to enhance long-term shareholder value.Occupancy Growth
Delivered 120 basis points of occupancy growth to reach 82% compared to the previous quarter.
Active Leasing Pipeline
An active leasing pipeline is in place, with engagement from new and existing tenants, and expectations to close additional leases and renewals in the second quarter.
Strategic Asset Sales
Actively marketing 123 William Street and 196 Orchard for sale to unlock value, retire debt, and diversify into higher-yielding assets.
Portfolio Stability
Weighted average remaining lease term of 5.4 years with 51% of leases extending beyond 2030, and 77% of top 10 tenants are investment grade.
Strong Tenant Base
Portfolio benefits from a strong tenant base including large investment-grade firms, with properties primarily located in Manhattan.
NYC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NYC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 09, 2025 | $11.46 | $11.46 | 0.00% |
Mar 19, 2025 | $9.51 | $9.90 | +4.10% |
Nov 12, 2024 | $8.72 | $8.64 | -0.92% |
Aug 09, 2024 | $8.74 | $8.92 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does New York City REIT (NYC) report earnings?
New York City REIT (NYC) is schdueled to report earning on Aug 08, 2025, TBA Not Confirmed.
What is New York City REIT (NYC) earnings time?
New York City REIT (NYC) earnings time is at Aug 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NYC EPS forecast?
Currently, no data Available