New York City REIT Q3 2022 net loss flat at $11.1M, FFO per share worsens to -$0.30

American Strategic Investment Co.

2022-Q3 EPS reported -$2.65 revenue$15,932,000

Revenue $15.9M (+~1% YoY); net loss to common stockholders unchanged at $11.1M ($0.80 per share).
FFO per share -$0.30 (vs -$0.22 in Q3 2021); Core FFO per share -$0.14 (vs -$0.06).
Cash NOI increased to $6.2M from $5.7M; collected 99% of original cash rent due (up from 92%).
Portfolio occupancy 85%; 48K sq ft of new leasing/renewals; debt 100% fixed rate, 4.4% avg., no maturities until 2024.
Liquidity: cash $7.4M, net debt/gross asset value 40.3%; 79% of top-10 tenant rent from investment-grade credits.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Strategic Investment Co. reported the quarter ended September 30, 2022 results: revenue $ 15,932, net income $ (11,074), EPS $ (0.80).

Period: the quarter ended September 30, 2022
Revenue: $ 15,932
Net income: $ (11,074)
EPS: $ (0.80)
Result: reported results

Exact text from the filing

Revenue from tenants $ 15,932 $ 15,848 Net loss attributable to common stockholders $ (11,074) $ (11,124) Net loss per common share (a) $ (0.80) $ (0.85)

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

American Strategic Investment Co. filing history →

Source: SEC EDGAR

accession 0001595527-22-000032

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