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New York City REIT
(NYSE:NYC)
New York City REIT (NYC) vs. SPDR S&P 500 ETF (SPY)
New York City REIT Business Overview & Revenue Model
New York City REIT Earnings Call Summary
New York City REIT Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.42M | 61.57M | 62.71M | 64.00M | 70.22M | 62.90M |
| Gross Profit | 2.43M | 19.63M | 21.23M | 23.00M | 29.30M | 23.04M |
| EBITDA | 43.73M | -102.69M | -60.53M | 1.69M | 3.45M | 8.61M |
| Net Income | -21.15M | -140.59M | -105.92M | -45.90M | -39.47M | -40.96M |
Balance Sheet | ||||||
| Total Assets | 448.07M | 507.07M | 694.17M | 790.46M | 823.05M | 861.85M |
| Cash, Cash Equivalents and Short-Term Investments | 3.35M | 9.78M | 5.29M | 10.82M | 11.67M | 31.00M |
| Total Debt | 0.00 | 403.14M | 452.42M | 451.88M | 457.11M | 465.40M |
| Total Liabilities | 376.70M | 421.48M | 469.38M | 468.88M | 471.92M | 480.28M |
| Stockholders Equity | 71.36M | 85.59M | 224.79M | 301.06M | 338.99M | 377.56M |
Cash Flow | ||||||
| Free Cash Flow | -13.15M | -5.29M | -11.46M | -6.04M | -11.29M | -17.33M |
| Operating Cash Flow | -12.06M | -4.00M | -7.41M | -486.00K | -7.92M | -13.58M |
| Investing Cash Flow | 57.03M | 59.86M | 71.00K | -5.55M | -3.38M | -3.75M |
| Financing Cash Flow | -50.31M | -49.73M | 4.03M | -6.27M | -275.00K | -970.00K |
New York City REIT Technical Analysis
New York City REIT Risk Analysis
New York City REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
49 Neutral | $121.64M | ― | -18.67% | 6.61% | -11.41% | -56.73% | |
45 Neutral | $274.88M | ― | -17.91% | 5.87% | -5.61% | -651.25% | |
43 Neutral | $2.60M | ― | -12.13% | ― | -8.72% | 84.98% | |
42 Neutral | $20.05M | ― | -25.83% | ― | -16.78% | 89.73% | |
40 Neutral | $103.69M | ― | -7.21% | 4.00% | -14.68% | -13.53% |
New York City REIT Corporate Events
On November 19, 2025, American Strategic Investment Co. held a conference call to discuss its third-quarter financial results, highlighting a strategic focus on reducing expenses and managing its balance sheet. The company announced a significant transaction involving the consensual foreclosure of 1140 Avenue of the Americas, expected to eliminate a $99 million liability, and plans to sell other properties to enhance portfolio value. The third-quarter revenue was $12.3 million, with a notable non-cash gain from the foreclosure, contrasting with a net loss in the same period last year. The company also changed its audit partners to reduce professional fees and streamline costs.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
New York City REIT, Inc., operating as American Strategic Investment Co., is a real estate investment trust focused on owning and managing commercial properties, primarily office spaces, in New York City. The company is externally managed and operates through its subsidiary, New York City Operating Partnership L.P.
On November 19, 2025, American Strategic Investment Co. presented an investor presentation highlighting its strategic initiatives and financial performance for the third quarter of 2025. The company, which focuses on a Manhattan-based real estate portfolio, reported a portfolio occupancy of 80.9% and a weighted-average remaining lease term of 6.2 years. Key developments included the marketing of properties at 123 William Street and 196 Orchard Street for sale, with proceeds intended for diversification beyond Manhattan. The company also executed a lease renewal at 196 Orchard Street and entered into an agreement for the consensual foreclosure of 1140 Avenue of the Americas, eliminating significant expenses and upcoming debt maturity. Additionally, a change in independent auditor firms is expected to generate cost savings.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On November 19, 2025, American Strategic Investment Co. announced its financial results for the third quarter ending September 30, 2025. The company reported a revenue of $12.3 million, a decrease from the previous year, primarily due to the sale of 9 Times Square. However, it achieved a net income of $35.8 million, attributed to a non-cash gain from the disposition of 1140 Avenue of the Americas. The company also highlighted a consensual foreclosure agreement for 1140 Avenue of the Americas, expected to close in the fourth quarter, which would eliminate a $99 million liability. Despite challenges such as geopolitical instability and inflationary pressures, ASIC’s strategic moves, including lease renewals and cost management, are aimed at enhancing shareholder value.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
American Strategic Investment Co. has filed a Form 12b-25, indicating a delay in submitting its Form 10-Q (Quarter Report) for the period ending September 30, 2025. The primary reason for the delay is the need for additional time to compile and verify the necessary data, which could not be accomplished without unreasonable effort or expense. The company anticipates filing the report within the five-day extension period. There are no expected significant changes in financial results compared to the previous year, and the company assures compliance with ongoing filing requirements. The notification was signed by Michael LeSanto, the Chief Financial Officer.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On November 13, 2025, American Strategic Investment Co. announced a further rescheduling of its third quarter 2025 earnings release to November 19, 2025, before market open on the New York Stock Exchange. This change allows the company’s newly appointed auditor sufficient time to review the filings while adhering to statutory guidelines. A webcast and conference call will be held the same day to discuss the results and business performance.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On November 10, 2025, American Strategic Investment Co. announced the rescheduling of its third quarter 2025 earnings release to November 14, 2025, before the market opens on the New York Stock Exchange. This change allows the company’s newly appointed auditor sufficient time to review the filings while adhering to statutory guidelines. A webcast and conference call will also be held on the same day to discuss the results and provide business performance commentary.
The most recent analyst rating on (NYC) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
New York City REIT, through its subsidiaries, was involved in a $50 million loan agreement with Societe Generale, secured by properties at 400 E. 67th Street and 200 Riverside Blvd. The company faced defaults on this loan, with issues dating back to 2023, including failure to manage cash accounts and pay outstanding amounts. By November 2025, additional defaults were identified, leading to the loan’s acceleration, making the full amount due immediately.
The most recent analyst rating on (NYC) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On October 23, 2025, American Strategic Investment Co. announced it will release its third-quarter financial results on November 12, 2025, before the NYSE opens. The company will also host a webcast and conference call on the same day to discuss the results and provide business performance commentary.
The most recent analyst rating on (NYC) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On September 8, 2025, ARC NYC1140SIXTH, LLC, a subsidiary of American Strategic Investment Co., entered into a settlement agreement with Wilmington Trust and Ladder Capital Finance regarding a $99 million loan secured by a mortgage on the 1140 Avenue of the Americas property. The agreement follows a foreclosure action initiated by Wilmington Trust in June and July 2025, and involves the Borrower consenting to the appointment of a receiver and the foreclosure sale of the property. Upon the property’s disposition, the Borrower and Guarantor will be released from their obligations under the loan documents, effectively terminating these agreements, except for certain environmental obligations.
The most recent analyst rating on (NYC) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
On August 26, 2025, American Strategic Investment Co. received a notice from the New York Stock Exchange indicating non-compliance with listing standards due to its market capitalization and stockholders’ equity falling below the required $50 million threshold. The company must submit a business plan within 45 days to demonstrate compliance within 18 months, or face potential delisting. The notice does not immediately affect the trading of the company’s stock or its business operations.
The most recent analyst rating on (NYC) stock is a Sell with a $11.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.