other material
confidence high
sentiment negative
materiality 0.55
ASIC reports Q1 net loss of $8.6M, Cash NOI falls to $4.2M from $7.0M YoY
American Strategic Investment Co.
- Revenue from tenants $12.3M; net loss $(8.6M) vs $(7.6M) in Q1'24.
- Cash NOI $4.2M, down 40% from $7.0M in prior-year quarter.
- Portfolio occupancy 82.0%; top 10 tenants 77% investment grade.
- Marketing 123 William St and 196 Orchard St for sale; no debt maturities in 2025.
- 100% fixed-rate debt, weighted-average rate 4.4%, net leverage 57.9%.