ASIC reports Q1 net loss of $7.8M; marketing sale of 123 William and 196 Orchard

American Strategic Investment Co.

Q1 2026 net loss of $7.8M on revenue from tenants of $7.3M; Adjusted EBITDA negative $1.1M.
Portfolio occupancy 76.4%; weighted-average remaining lease term 6.2 years; 69% of top 10 tenants investment grade.
Marketing the sale of 123 William Street (73.8% occupied) and 196 Orchard Street (100% occupied) to generate excess cash.
100% fixed-rate debt with weighted-average interest rate of 4.56%; no maturities until 2027; net leverage 59.6%.
Proceeds from dispositions expected to be deployed into higher-yielding investments beyond Manhattan real estate.

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