secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001104659-24-116124
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Strategic Investment Q3 net loss widens to $34.5M on $27.8M impairments
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- Revenue $15.4M, down from $16.0M YoY; net loss $34.5M vs $9.4M, driven by $27.8M non-cash impairments.
- Cash NOI grew to $6.8M from $6.5M; adjusted EBITDA fell to $3.1M from $3.4M.
- Portfolio occupancy 85.8% (up 70 bps YoY); weighted-average lease term 5.9 years.
- Definitive agreement to sell 9 Times Square; marketing two other properties for deleveraging.
- Net debt to gross asset value 60.1%; weighted-average interest rate 4.9%; cash $5.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924116124/0001104659-24-116124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924116124/tm2427985d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-116124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer