New York City REIT (NYC)
NYSE:NYC
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New York City REIT
(NYSE:NYC)
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Rating:46Neutral
Price Target:
$9.50
▲(2.70% Upside)
Action:ReiteratedDate:02/03/26
The score is primarily held down by weak financial performance (declining revenue, ongoing losses, and negative cash flow). Technicals are only neutral, while earnings-call positives around liability reduction and lease stability are tempered by weaker operating results, and the loan-acceleration event adds material risk.
Positive Factors
Reduced Leverage
Trailing-twelve-months reporting of zero debt represents a material reduction in leverage versus prior years, lowering refinancing and interest-rate risk. This durable balance-sheet improvement increases financial flexibility to withstand cyclical rent pressures and execute strategic disposals.
Negative Factors
Declining Revenue & Negative Cashflow
Sustained revenue declines coupled with negative operating and free cash flow mean the portfolio is not self-funding. Over months, this forces reliance on asset sales or external capital, which can dilute returns, limit reinvestment, and pressure the ability to maintain dividend payouts or cover expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced Leverage
Trailing-twelve-months reporting of zero debt represents a material reduction in leverage versus prior years, lowering refinancing and interest-rate risk. This durable balance-sheet improvement increases financial flexibility to withstand cyclical rent pressures and execute strategic disposals.
Read all positive factors
New York City REIT (NYC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.39M
Dividend YieldN/A
Average Volume (3M)3.69K
Price to Earnings (P/E)0.2
Beta (1Y)0.93
Revenue Growth-17.00%
EPS Growth89.73%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)13.60
Shares Outstanding2,672,943
10 Day Avg. Volume4,290
30 Day Avg. Volume3,685
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.25
Price to Sales (P/S)0.34
P/FCF Ratio-3.99
Enterprise Value/Market Cap16.44
Enterprise Value/Revenue9.33
Enterprise Value/Gross Profit151.30
Enterprise Value/Ebitda8.41
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. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversifie...
How the Company Makes Money
New York City REIT generates revenue primarily through leasing its properties to tenants, which provides a steady stream of rental income. The company also earns money through property appreciation as the value of its real estate holdings increase...
New York City REIT Earnings Call Summary
Earnings Call Date:Nov 19, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 14, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strategic moves such as lease renewals and the strategic disposition of a property to eliminate liabilities, contributing to a significant noncash gain. However, declines in revenue, adjusted EBITDA, and cash net operating income indicate underlying challenges.Positive Updates
Lease Renewal Success
Executed a meaningful lease renewal at 196 Orchard, extending the weighted average remaining lease term of the portfolio to 6.2 years, up from 5.9 years in the previous quarter.
Negative Updates
Revenue Decline
Third quarter 2025 revenue was $12.3 million, down from $15.4 million in the third quarter of 2024, primarily due to the sale of 9 Times Square.
Read all updates
Q3-2025 Updates
Positive
Negative
Lease Renewal Success
Executed a meaningful lease renewal at 196 Orchard, extending the weighted average remaining lease term of the portfolio to 6.2 years, up from 5.9 years in the previous quarter.
Read all positive updates
Company Guidance
During the third quarter 2025 earnings call, American Strategic Investment Company provided guidance highlighting its strategic focus on reducing recurring expenses and optimizing its balance sheet. The company extended its weighted average remaining lease term to 6.2 years, up from 5.9 years in the previous quarter, and reported that 56% of its leases extend beyond 2030, an increase from 54% last quarter. The portfolio's stability is supported by a high-quality tenant base, with 69% of the top 10 tenants being investment-grade or implied investment-grade. The company owns six properties, with plans to dispose of 1140 Avenue of the Americas in the current quarter and is marketing 123 William Street and 196 Orchard for sale. The strategic disposition of 1140 Avenue of the Americas, expected to close in Q4 2025, will eliminate a $99 million liability. Third-quarter revenue was $12.3 million, down from $15.4 million in Q3 2024, mainly due to the sale of 9 Times Square. The GAAP net gain for common stockholders was $35.8 million, significantly influenced by a $44.3 million noncash gain from the foreclosure at 1140 Avenue of the Americas, contrasting with a net loss of $34.5 million in Q3 2024. Adjusted EBITDA was reported at $1.9 million, and cash net operating income was $5.3 million. The company has also engaged CBIZ CPAs as its new independent registered public accounting firm to streamline costs and reduce general and administrative expenses.New York City REIT Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
40
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2024 | Mar 2024 | 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 | 349.15M | 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
Negative
9.25
Price Trends
8.91
Negative
8.59
Negative
10.00
Negative
Market Momentum
-0.10
Negative
47.45
Neutral
38.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NYC, the sentiment is Negative. The current price of 9.25 is above the 20-day moving average (MA) of 8.44, above the 50-day MA of 8.91, and below the 200-day MA of 10.00, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
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% | |
48 Neutral | $123.03M | ― | -20.16% | 7.34% | -11.41% | -56.73% | |
46 Neutral | $22.39M | 0.18 | -31.38% | ― | -17.00% | 89.73% | |
46 Neutral | $12.93M | -0.09 | -13.44% | ― | -8.72% | 84.98% | |
45 Neutral | $72.43M | -3.35 | -7.25% | 4.71% | -14.68% | -13.53% |
* Real Estate Sector Average
NYC
New York City REIT
8.38
-2.64
-23.93%
FSP
Franklin Street Properties
0.70
-0.83
-54.44%
CMCT
Creative Media
0.49
-63.89
-99.24%
ONL
Orion Office REIT
2.18
0.54
32.93%
NLOP
Net Lease Office Properties
11.78
2.94
33.21%
New York City REIT Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
NYSE Accepts New York City REIT Compliance Plan
Neutral
Dec 1, 2025
On December 1, 2025, American Strategic Investment Co. announced that the New York Stock Exchange accepted its business plan to regain compliance with listing standards, following a notice of non-compliance received on August 26, 2025. The company...
Business Operations and StrategyFinancial Disclosures
New York City REIT Discusses Q3 Results and Foreclosure
Neutral
Nov 20, 2025
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 ...
Business Operations and StrategyFinancial Disclosures
American Strategic Investment Co. Investor Presentation Highlights
Neutral
Nov 19, 2025
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 ...
Business Operations and StrategyFinancial Disclosures
American Strategic Investment Co. Reports Q3 2025 Results
Neutral
Nov 19, 2025
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 ...
Financial Disclosures
New York City REIT Reschedules Q3 2025 Earnings Release
Neutral
Nov 13, 2025
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 new...
Financial Disclosures
New York City REIT Reschedules Q3 2025 Earnings Release
Neutral
Nov 10, 2025
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 newl...
Business Operations and StrategyPrivate Placements and Financing
New York City REIT Faces Loan Acceleration in November
Negative
Nov 7, 2025
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 ...
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.