New York City REIT (NYC) AI Stock Analysis

Compare

107 Followers

NYC Dividends

Top Page

New York City REIT

(NYSE:NYC)

33Underperform

The overall stock score reflects significant financial distress, characterized by operational challenges and cash flow issues. While there are some positive technical indicators, the company’s valuation remains poor due to ongoing losses. The earnings call highlights a mixed outlook with strategic initiatives offset by revenue and occupancy challenges. The company must urgently address these issues to stabilize its financial health and improve its long-term viability.

New York City REIT (NYC) vs. S&P 500 (SPY)

Market Cap

$29.32M

Dividend YieldN/A

Average Volume (3M)7.31K

Price to Earnings (P/E)―

Beta (1Y)0.95

Revenue Growth-1.36%

EPS Growth-19.10%

CountryUS

EmployeesN/A

SectorReal Estate

Sector Strength81

IndustryREIT - Office

Share Statistics

EPS (TTM)-3.39

Shares Outstanding2,634,355

10 Day Avg. Volume2,537

30 Day Avg. Volume7,308

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)0.00

Price to Cash Flow (P/CF)0.00

P/FCF Ratio0.00

Enterprise Value/Market Cap13.84

Enterprise Value/RevenueN/A

Enterprise Value/Gross Profit14.82

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

New York City REIT Business Overview & Revenue Model

Company DescriptionNew York City REIT (NYC) is a real estate investment trust that primarily focuses on acquiring, owning, and managing a portfolio of high-quality commercial real estate properties located in New York City. The company's portfolio includes office and retail properties, with a strategic emphasis on properties that are centrally located in Manhattan. NYC REIT aims to generate stable cash flows and long-term value through its investment in prime real estate assets.

How the Company Makes MoneyNew York City REIT makes money primarily through the leasing of its commercial real estate properties. The company's primary revenue stream is the rental income generated from its tenants, which include a mix of corporate offices, retail spaces, and other commercial establishments. Additionally, NYC REIT may engage in strategic property acquisitions and dispositions to optimize its portfolio and enhance returns. The company may also benefit from property appreciation over time, though its main focus remains on generating consistent rental income. Significant factors contributing to its earnings include property location, occupancy rates, lease terms, and the overall economic environment in New York City.

New York City REIT Financial Statement Overview

Summary

New York City REIT is facing significant financial distress. The absence of revenue, increasing losses, and cash flow issues indicate operational and financial challenges. The company must urgently address these issues to stabilize its financial health and improve its long-term viability.

Income Statement

Very Negative

The income statement reveals a concerning trend with declining revenues and increasing net losses. The company has zero revenue for the latest annual period, indicating severe operational challenges. Margins have been consistently negative, with deteriorating EBIT and EBITDA figures, highlighting unsustainable business operations.

Balance Sheet

Negative

The balance sheet shows some strengths, such as positive stockholders' equity and no total debt in the most recent report. However, equity has decreased significantly over time, and asset levels have been shrinking, reflecting a weakening financial position. The company needs to manage its liabilities and assets more effectively.

Cash Flow

Very Negative

The cash flow statement underscores the company's cash management issues, with no operating cash flow and consistently negative free cash flow. The inability to generate positive cash flow from operations in recent years raises concerns about liquidity and financial sustainability.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
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

Technical Analysis Sentiment

Positive

Last Price11.66

Price Trends

50DMA

10.95

Positive

100DMA

10.29

Positive

200DMA

9.57

Positive

Market Momentum

MACD

0.06

Positive

RSI

52.06

Neutral

STOCH

42.70

Neutral

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 11.66 is above the 20-day moving average (MA) of 11.58, above the 50-day MA of 10.95, and above the 200-day MA of 9.57, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 52.06 is Neutral, neither overbought nor oversold. The STOCH value of 42.70 is Neutral, 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 62 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

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$2.81B	11.31	0.21%	8508.38%	6.19%	-15.39%
CIO	60 Neutral	$196.14M	―	-2.51%	8.23%	-4.92%	-128.59%
FSP	52 Neutral	$154.31M	―	-9.96%	2.65%	-18.97%	-14.57%
ONL	51 Neutral	$110.66M	―	-10.71%	16.08%	-18.92%	-15.81%
PDM	48 Neutral	$809.90M	―	-3.79%	7.68%	-6.23%	18.07%
OPI	42 Neutral	$20.01M	―	-15.03%	14.38%	-11.91%	-80.43%
NYC	33 Underperform	$29.32M	―	-90.59%	―	-1.36%	-19.10%

* Real Estate Sector Average

Performance Comparison

NYC

New York City REIT

11.46

3.26

39.76%

FSP

Franklin Street Properties

1.51

-0.37

-19.68%

PDM

Piedmont Office

6.71

0.14

2.13%

OPI

Office Properties Income

0.27

-1.89

-87.50%

CIO

City Office REIT

4.80

0.17

3.67%

ONL

Orion Office REIT

1.94

-1.17

-37.62%

New York City REIT Earnings Call Summary

Earnings Call Date:May 09, 2025

(Q4-2024)

% Change Since: 22.61%|

Next Earnings Date:Aug 08, 2025

Earnings Call Sentiment Neutral

The earnings call presented a mixed picture with significant achievements in property disposition and leasing, as well as stable financial management with fixed rate debt. However, these were offset by declines in revenue, increased net loss, and occupancy challenges, leading to a balanced view of the company's performance.

Q4-2024 Updates

Positive Updates

Successful Property Disposition

Completed the disposition of 9 Times Square for $63.5 million, which improved leverage on the balance sheet and generated net proceeds of approximately $13.5 million, strengthening cash position.

Leasing Achievements

Secured five new leases totaling over 37,000 square feet and $2 million of straight line rent during 2024, demonstrating proactive leasing efforts.

Improvement in Cash NOI

Cash NOI for the full year was $27.6 million compared to $27.3 million in 2023, with $6.4 million in the fourth quarter compared to $6.3 million in the same period of the previous year.

Fixed Rate Debt Stability

Maintained a conservative balance sheet with 100% fixed rate debt and a prudent net leverage of 56.9%, ensuring stability against interest rate fluctuations.

Negative Updates

Decline in Revenue

Revenue was $61.6 million for the year ended 2024, down from $62.7 million in 2023. Fourth quarter revenue was $14.9 million compared to $15.4 million in the fourth quarter of 2023.

Increased Net Loss

The company's full year GAAP net loss attributed to common stockholders was $140.6 million compared to a net loss of $105.9 million in 2023. Net loss for the quarter was $6.7 million compared to $73.9 million for the fourth quarter in 2023.

Occupancy Challenges

Year-end occupancy was 80.8%, indicating potential challenges in filling vacant spaces within the portfolio.

Company Guidance

During the American Strategic Investment Co.'s fourth quarter and year-end 2024 earnings call, key guidance was provided on several financial metrics and strategic initiatives. The company reported a full-year revenue of $61.6 million, a slight decrease from $62.7 million in 2023, with a fourth-quarter revenue of $14.9 million compared to $15.4 million in the prior year. The net loss for 2024 was $140.6 million, an increase from a $105.9 million loss in 2023, but the fourth-quarter net loss showed improvement at $6.7 million compared to $73.9 million in the same quarter of 2023. Adjusted EBITDA for the year was $11.9 million, while cash NOI improved slightly to $27.6 million. The company maintains a conservative balance sheet with 100% fixed-rate debt, net leverage of 56.9%, and a weighted average effective interest rate of 4.4%. Strategically, the company completed the sale of 9 Times Square for $63.5 million, enhancing its cash position by $13.5 million, and is actively marketing additional properties to diversify beyond Manhattan real estate. The portfolio's occupancy stood at 80.8% with a weighted average lease term of 6.3 years, focusing on securing investment-grade tenants to strengthen future financial performance.

New York City REIT Corporate Events

Executive/Board ChangesBusiness Operations and StrategyFinancial Disclosures

American Strategic Investment Co. Q1 2025 Financial Results

Negative

May 9, 2025

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.

Spark’s Take on NYC Stock

According to Spark, TipRanks’ AI Analyst, NYC is a Neutral.

The overall stock score reflects significant financial distress, characterized by operational challenges and cash flow issues. Despite some positive technical indicators, the company’s valuation remains poor due to ongoing losses, and the earnings call highlights a mixed outlook with strategic initiatives offset by revenue and occupancy challenges.

To see Spark’s full report on NYC stock, click here.

Financial Disclosures

New York City REIT to Announce Q1 2025 Results

Neutral

Apr 24, 2025

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.

Spark’s Take on NYC Stock

According to Spark, TipRanks’ AI Analyst, NYC is a Neutral.

To see Spark’s full report on NYC stock, click here.

Executive/Board ChangesBusiness Operations and StrategyFinancial Disclosures

New York City REIT Reports 2024 Financial Results

Negative

Mar 21, 2025

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.

M&A TransactionsBusiness Operations and Strategy

New York City REIT Strengthens Position with Key Sale

Positive

Mar 21, 2025

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.

Business Operations and StrategyFinancial Disclosures

New York City REIT Reports Q4 2024 Financial Results

Negative

Mar 19, 2025

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.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.