secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001104659-24-087491
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Strategic Investment reports Q2 net loss $91.9M, sale of 9 Times Square for $63.5M
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- Q2 revenue $15.8M, net loss $91.9M (incl. $84.7M impairment), Adjusted EBITDA $4.5M up 50% YoY.
- Signed definitive agreement to sell 9 Times Square for $63.5M; expected net proceeds $13.5M to reduce leverage.
- Portfolio occupancy 85.9%; weighted-avg remaining lease term 6.3 years; top 10 tenants 81% investment grade.
- New leasing & license in Q2: 5,284 SF, $0.9M SLR; forward pipeline 25,771 SF, $1.2M SLR.
- Debt 88% fixed-rate at 4.9%; net leverage 55.9%; $49.5M loan at 9 Times Square matures Oct 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924087491/0001104659-24-087491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924087491/tm2421239d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087491

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