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New York City REIT
(NYSE:NYC)
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Rating:47Neutral
Price Target:
$9.50
▲(15.85% Upside)
Action:Reiterated
Date:07/30/26
The score is held down primarily by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow) and limited valuation support due to losses and no provided dividend yield. Technicals are a relative positive with price above major moving averages, while corporate events provide some reassurance (regained NYSE compliance) but do not fully offset ongoing liquidity and profitability pressure.
Positive Factors
Tenant Quality & Lease Duration
A tenant base skewed to government and investment-grade tenants and long leases beyond 2030 materially reduce rollover risk and stabilize contractual rental income. This supports predictable cash flows and lowers leasing volatility for portfolio planning over the next 2-6+ months.
Negative Factors
Poor Cash Generation
Persistent negative operating and free cash flow indicate the business cannot self-fund operations or capex, forcing reliance on asset sales, equity issuance, or external financing. That structural cash shortfall raises liquidity and execution risk for leasing, maintenance, and debt maturities.
Read all positive and negative factors
Positive Factors
Negative Factors
Tenant Quality & Lease Duration
A tenant base skewed to government and investment-grade tenants and long leases beyond 2030 materially reduce rollover risk and stabilize contractual rental income. This supports predictable cash flows and lowers leasing volatility for portfolio planning over the next 2-6+ months.
Read all positive factors
New York City REIT (NYC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.88M
Dividend YieldN/A
Average Volume (3M)3.69K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth-34.20%
EPS Growth84.89%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-8.45
Shares Outstanding2,919,885
10 Day Avg. Volume4,290
30 Day Avg. Volume3,685
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.33
Price to Sales (P/S)0.49
P/FCF Ratio-2.48
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-7.43
Revenue Forecast (FY)$58.53M
New York City REIT Business Overview & Revenue Model
Company Description
American Strategic Investment Co. (ASIC) functions as a publicly traded Real Estate Investment Trust, managing a select portfolio of premium commercial properties. These assets are strategically located across New York City's five boroughs, with a...
How the Company Makes Money
NYC REIT generates revenue primarily through contractual rental income from leasing space in its New York City properties to commercial tenants. Its key revenue streams typically include (1) base rent under lease agreements; (2) tenant reimburseme...
New York City REIT Earnings Call Summary
Earnings Call Date:Apr 15, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
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.Positive Updates
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.
Negative Updates
Revenue Decline Year-over-Year and Quarter-over-Quarter
Full-year revenue declined to $43.3 million from $61.6 million in 2024 (a decrease of approximately 29.7%), largely due to property dispositions; Q4 revenue fell to $6.5 million from $14.9 million in Q4 2024 (down ~56.4%).
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided that it will prioritize tenant retention, property improvements, cost efficiency and pruning non‑core assets—leasing up available space, renewing leases, replacing maturing debt and pursuing targeted dispositions (including potential sales of 123 William Street and 196 Orchard) to generate cash for higher‑yielding, accretive investments; notable metrics cited: a $382.6 million, 0.7 million sq. ft., 5‑asset NYC portfolio at 80.3% occupancy with a weighted average remaining lease term of 6.1 years, top‑10 tenants representing 69% investment or implied investment grade with a 6.9‑year WALT, 57% of leases now extending beyond 2030 (up from 56% last quarter) and 2026 lease expirations of only 5% of annualized straight‑line rent; operating activity included 13 new/replacement leases totaling 117,000 sq. ft., the sale of 1140 Avenue of the Americas (recognizing a $46.6 million gain), FY2025 revenue $43.3 million (Q4 $6.5 million), GAAP net loss attributable to common of $21.2 million (Q4 net loss $6.7 million), adjusted EBITDA $0.3 million for the year ($1.2 million Q4), cash NOI $16.0 million for the year ($1.8 million Q4), and a conservative balance sheet with net debt $249.7 million, net leverage 47.5%, weighted average effective interest rate 4.5% and a 1.5‑year weighted average remaining debt term (100% fixed or swapped to fixed).New York City REIT Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
32
Negative
Cash Flow
16
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.27M | 61.57M | 62.71M | 64.00M | 70.22M |
| Gross Profit | 8.54M | 19.63M | 21.23M | 23.00M | 29.30M |
| EBITDA | 17.22M | -102.69M | -60.53M | 1.69M | 10.72M |
| Net Income | -21.19M | -140.59M | -105.92M | -45.90M | -39.47M |
Balance Sheet | |||||
| Total Assets | 445.16M | 507.07M | 694.17M | 790.46M | 823.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.30M | 9.78M | 5.29M | 10.82M | 11.67M |
| Total Debt | 349.92M | 403.14M | 452.42M | 451.88M | 457.11M |
| Total Liabilities | 380.40M | 421.48M | 469.38M | 468.88M | 471.92M |
| Stockholders Equity | 64.76M | 85.59M | 224.79M | 301.06M | 338.99M |
Cash Flow | |||||
| Free Cash Flow | -8.51M | -5.29M | -11.46M | -6.04M | -11.29M |
| Operating Cash Flow | -7.75M | -4.00M | -7.41M | -486.00K | -7.92M |
| Investing Cash Flow | -3.79M | 59.86M | 71.00K | -5.55M | -3.38M |
| Financing Cash Flow | 650.00K | -49.73M | 4.03M | -6.27M | -275.00K |
New York City REIT Technical Analysis
Positive
8.20
Price Trends
8.65
Positive
8.53
Positive
8.66
Positive
Market Momentum
-0.09
Positive
45.39
Neutral
18.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NYC, the sentiment is Positive. The current price of 8.2 is below the 20-day moving average (MA) of 8.62, below the 50-day MA of 8.65, and below the 200-day MA of 8.66, indicating a bullish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 45.39 is Neutral, neither overbought nor oversold. The STOCH value of 18.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NYC.
New York City REIT Risk Analysis
New York City REIT disclosed 59 risk factors in its most recent earnings report. New York City REIT reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
New York City REIT Peers Comparison
UnderperformOutperform
Sector (65)
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% | |
55 Neutral | $148.33M | -1.03 | -21.93% | 3.08% | -6.30% | -65.48% | |
47 Neutral | $27.88M | -1.07 | -35.64% | ― | -34.20% | 84.89% | |
46 Neutral | $10.05M | -0.03 | -14.94% | ― | -7.43% | 88.54% | |
44 Neutral | $48.08M | -1.13 | -5.41% | 9.09% | -5.02% | 21.97% |
* Real Estate Sector Average
NYC
New York City REIT
9.01
-4.10
-31.27%
FSP
Franklin Street Properties
0.45
-1.13
-71.28%
CMCT
Creative Media
3.50
-581.50
-99.40%
ONL
Orion Office REIT
2.64
0.14
5.43%
NLOP
Net Lease Office Properties
11.70
1.14
10.83%
New York City REIT Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
New York City REIT Regains NYSE Listing Compliance
Positive
Jul 24, 2026
On July 22, 2026, American Strategic Investment Co. disclosed that it had received notice from the New York Stock Exchange confirming the company had regained compliance with the exchange’s continued listing standards, specifically the minim...
Business Operations and StrategyExecutive/Board Changes
New York City REIT appoints Schorsch Jr. as chairman
Positive
Jul 13, 2026
On July 9, 2026, American Strategic Investment Co. announced the immediate resignation of Chairman and Class III director Edward M. Weil, Jr., who left the board for personal reasons and indicated his decision was not due to any disagreement over ...
Executive/Board ChangesShareholder Meetings
New York City REIT Shareholders Back Board and Auditors
Positive
Jun 3, 2026
At its 2026 annual meeting held on June 2, 2026, American Strategic Investment Co. reported that stockholders representing about 82% of eligible shares were present in person or by proxy. Shareholders re-elected Class III directors Louis P. DiPalm...
Business Operations and StrategyFinancial Disclosures
American Strategic Investment Highlights Q1 2026 Strategic Progress
Negative
May 15, 2026
American Strategic Investment Co., listed on the NYSE as NYC, is a New York City-focused owner and operator of office and retail properties, managing a $388 million portfolio of about 743,000 square feet across five assets, mostly in Manhattan. Th...
Business Operations and StrategyFinancial Disclosures
American Strategic Investment Highlights Q1 Portfolio Strategy Shift
Positive
May 15, 2026
On May 15, 2026, American Strategic Investment Co. released a first-quarter investor presentation outlining the performance of its Manhattan-centric real estate portfolio and upcoming strategic moves. The company emphasized a tenant roster anchore...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
American Strategic Investment Co. Highlights Liquidity Preservation Efforts
Negative
May 15, 2026
On May 15, 2026, American Strategic Investment Co. reported first-quarter 2026 results showing revenue falling to $7.3 million from $12.3 million a year earlier, mainly due to the prior-year sale of 1140 Avenue of the Americas. The company’s...
Business Operations and StrategyFinancial Disclosures
American Strategic Investment Sets Date for Q1 Results
Neutral
May 8, 2026
On May 8, 2026, American Strategic Investment Co. announced it would publish its financial results for the first quarter ended March 31, 2026 on May 15, 2026, before the New York Stock Exchange opens. The company said it would host a webcast and c...
Business Operations and StrategyPrivate Placements and Financing
Equity Issuance Settles Advisory Fees, Preserves Liquidity
Neutral
May 1, 2026
On April 30, 2026, American Strategic Investment Co.’s compensation committee approved the settlement of $1,910,169.12 in accrued advisory fees owed to New York City Advisors, LLC by issuing 232,098 shares of its Class A common stock under t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.