earnings
confidence high
sentiment negative
materiality 0.75
ASIC reports Q2 2025 net loss of $41.7M; cash NOI down 43% YoY; marketing two asset sales
American Strategic Investment Co.
2025-Q2 EPS reported
-$19.80
- Revenue from tenants $12.2M; net loss $41.7M includes $30.6M impairment; adjusted EBITDA $0.4M.
- Cash NOI $4.2M vs. $7.4M in Q2 2024, down 43% YoY due to lower occupancy and property sales.
- Portfolio occupancy 82.0%; weighted-average lease term extended to 6.0 years via two renewals.
- Marketing sale of 123 William St and 196 Orchard St; proceeds planned for non-Manhattan investments.
- 100% fixed-rate debt at 6.4% interest; net leverage 63.8%; no debt maturities in 2025.
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