ASIC Q3 net income $35.8M on $44M gain; foreclosed 1140 Sixth Ave, eliminating $99M debt

American Strategic Investment Co.

2025-Q3 EPS reported -$5.70

Q3 revenue from tenants $12.3M; Cash NOI $5.3M; Adjusted EBITDA $1.9M.
Entered consensual foreclosure of 1140 Sixth Ave, removing $99M debt maturity and ongoing ownership costs.
Portfolio occupancy 80.9%; top-10 tenants 69% investment grade; weighted-average lease term 6.2 years.
Changed auditor from PwC to CBIZ, generating significant cost savings; 100% fixed-rate debt at 5.33%.
Continued marketing for sale of 123 William Street and 196 Orchard Street; no debt maturities until 2027.

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