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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 | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 61.57M | 62.71M | 64.00M | 70.22M | 62.90M | Gross Profit |
| 27.39M | 21.23M | 23.00M | 29.30M | 23.04M | EBIT |
| -121.22M | -87.10M | -26.97M | -18.89M | -21.82M | EBITDA |
| -102.69M | -60.53M | 1.69M | 10.72M | 9.93M | Net Income Common Stockholders |
| -140.59M | -105.92M | -64.82M | -39.47M | -60.89M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 9.78M | 5.29M | 9.21M | 11.67M | 31.00M | Total Assets |
| 507.07M | 694.17M | 790.46M | 823.05M | 861.85M | Total Debt |
| 403.14M | 452.42M | 448.88M | 452.89M | 451.39M | Net Debt |
| -9.78M | 447.13M | 439.66M | 441.21M | 420.39M | Total Liabilities |
| 421.48M | 469.38M | 468.88M | 471.92M | 480.28M | Stockholders Equity |
| 85.59M | 224.79M | 301.06M | 338.99M | 377.56M |
| Cash Flow | Free Cash Flow | |||
| -5.29M | -11.46M | -6.04M | -11.29M | -17.33M | Operating Cash Flow |
| -4.00M | -7.41M | -486.00K | -7.92M | -13.58M | Investing Cash Flow |
| 59.86M | 71.00K | -5.55M | -3.38M | -3.75M | Financing Cash Flow |
| -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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.82B | 10.88 | 0.42% | 8438.92% | 5.74% | -20.95% | |
57 Neutral | $205.42M | ― | -2.51% | 7.86% | -4.92% | -128.59% | |
56 Neutral | $182.28M | ― | -9.96% | 2.27% | -18.97% | -14.57% | |
52 Neutral | $923.11M | ― | -3.79% | 6.74% | -6.23% | 18.07% | |
49 Neutral | $116.32M | ― | -10.71% | 15.76% | -18.92% | -15.81% | |
44 Neutral | $14.18M | ― | -15.03% | 20.00% | -11.91% | -80.43% | |
43 Neutral | $24.52M | ― | -96.16% | ― | -6.36% | -26.04% |
New York City REIT Corporate Events
On May 29, 2025, American Strategic Investment Co. held its annual stockholders meeting with a significant turnout, representing approximately 77.43% of eligible shares. During the meeting, stockholders re-elected Elizabeth K. Tuppeny as a Class II director, ratified PricewaterhouseCoopers LLP as the independent accounting firm for 2025, and approved a non-binding resolution on executive compensation.
On May 9, 2025, American Strategic Investment Co. prepared an investor presentation highlighting its strategic initiatives and financial performance for the first quarter of 2025. The company completed the sale of 9 Times Square in the fourth quarter of 2024 for $63.5 million, strengthening its cash position and reducing leverage. It continues to market the sale of 123 William Street and 196 Orchard Street, aiming to reinvest proceeds into higher-yielding assets beyond Manhattan. The company’s portfolio management strategy includes active leasing and maintaining a conservative debt profile, with no debt maturities in 2025.
On May 9, 2025, American Strategic Investment Co. held a conference call to discuss its first-quarter financial results, highlighting a decrease in revenue to $12.3 million and a net loss of $8.6 million compared to the previous year. The company is actively marketing properties for sale to reduce debt and diversify into higher-yielding assets, aiming to enhance long-term shareholder value despite challenges such as geopolitical instability and economic uncertainties.
On May 9, 2025, American Strategic Investment Co. announced its financial results for the first quarter ending March 31, 2025. The company reported a revenue of $12.3 million, a decrease from $15.5 million in the same quarter of 2024, primarily due to the sale of 9 Times Square in the prior year. The net loss attributable to common stockholders was $8.6 million, compared to $7.6 million in the first quarter of 2024. Despite these financial challenges, the company saw an increase in portfolio occupancy to 82.0% and remains focused on leasing available space and diversifying its portfolio by acquiring higher-yielding assets. Nicholas Schorsch, Jr. was appointed as the Chief Executive Officer.
On April 24, 2025, American Strategic Investment Co. announced that it will release its financial results for the first quarter ended March 31, 2025, on May 9, 2025, before the New York Stock Exchange opens. The company will also host a webcast and conference call on the same day to discuss the results and provide insights into business performance.
On March 19, 2025, American Strategic Investment Co. held an earnings call to discuss its financial results for the fourth quarter and full year of 2024. The company reported a revenue of $61.6 million for the year, a slight decrease from 2023, and a net loss of $140.6 million. The company completed the sale of 9 Times Square for $63.5 million, which improved its cash position and balance sheet leverage. It is also marketing additional properties for sale as part of its diversification strategy. The company is focused on securing tenants in resilient industries and has made progress in leasing efforts, securing five new leases in 2024. Michael Anderson announced his resignation as CEO, with Nick Schorsch, Jr. set to succeed him.
On March 19, 2025, American Strategic Investment Co. presented an investor presentation highlighting its strategic actions in the fourth quarter of 2024. The company completed the sale of 9 Times Square for $63.5 million, strengthening its cash position and reducing leverage. It also relaunched marketing efforts for the sale of 123 William Street and 196 Orchard Street, aiming to use proceeds for higher-yielding investments beyond Manhattan. The company completed five new leases in 2024 and executed a term sheet to expand a tenant’s lease at 123 William Street, reflecting active portfolio management and strategic disposition initiatives.
American Strategic Investment Co. reported its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a decrease in revenue to $14.9 million for the fourth quarter, partly due to the sale of 9 Times Square, and a net loss of $6.7 million. For the full year, revenue was $61.6 million with a net loss of $140.6 million. Despite these losses, the company improved its Cash Net Operating Income and maintained a conservative balance sheet with 100% fixed-rate debt. The company is focused on asset diversification and leasing to high-quality tenants.