New York City REIT (NYC)
NYSE:NYC
Earnings Data
Report Date
May 08, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-3.39Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mix of positive strategic moves and financial improvements alongside meaningful operational challenges. Positives include a substantial one-time disposition gain, marked year-over-year improvement in GAAP net loss, a high proportion of investment-grade tenants, executed leasing in resilient sectors, and a debt profile locked to fixed rates. Offsetting these are material declines in recurring revenue driven by asset sales, modest adjusted EBITDA and cash NOI, suboptimal occupancy (80.3%), short average debt term (1.5 years) that creates refinancing risk, and unchanged quarterly net loss. Overall, management is pursuing portfolio pruning and asset sales to redeploy capital, but near-term operating performance and revenue base remain under pressure.Company Guidance
Significant One-Time Gain from Disposition
Recognized a $46.6 million gain in connection with the disposition and cooperative consensual foreclosure related to 1140 Avenue of the Americas, reflected in the year-end statements of operations.
Material Improvement in Net Loss
Full-year GAAP net loss attributable to common stockholders improved to $21.2 million in 2025 from $140.6 million in 2024 — an improvement of approximately $119.4 million (~85% improvement in loss magnitude).
Portfolio Size, Tenant Credit Quality and Lease Term Stability
Portfolio value of $382.6 million (0.7 million sq ft across 5 NYC assets) with occupancy of 80.3%; top 10 tenants are 69% investment grade or implied investment grade; weighted average remaining lease term of 6.1 years (6.9 years for top tenants); 57% of leases now extend beyond 2030 (up from 56% prior quarter).
Leasing Activity in Resilient Sectors
Executed 13 new and replacement leases totaling 117,000 square feet during the year, focused on well-capitalized financial service companies, medical institutions and government agencies.
Positive Cash Flow/NOI and Adjusted EBITDA (Though Modest)
Cash NOI for the full year was $16.0 million and $1.8 million for Q4; Adjusted EBITDA was $0.3 million for the year and $1.2 million for Q4, indicating positive but modest operating cash generation on a non-GAAP basis.
Prudent Debt Profile and Interest Rate Positioning
Net debt of $249.7 million with net leverage of 47.5%; weighted average effective interest rate of 4.5%; 100% fixed-rate debt or swapped to fixed, reducing near-term interest rate exposure.
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 |
|---|---|---|---|
Nov 19, 2025 | $8.00 | $8.24 | +3.00% |
Aug 08, 2025 | $13.05 | $13.01 | -0.31% |
May 09, 2025 | $11.46 | $11.46 | 0.00% |
Mar 19, 2025 | $9.51 | $9.90 | +4.10% |
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 May 08, 2026, Before Open (Confirmed).
What is New York City REIT (NYC) earnings time?
New York City REIT (NYC) earnings time is at May 08, 2026, Before Open (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?
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What is NYC EPS forecast?
Currently, no data Available