{"schema_version":"secwatch.filing_event.v1","accession":"0001595527-23-000009","form_type":"8-K","ticker":"NYC","cik":"0001595527","company_name":"American Strategic Investment Co.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.756178+00:00","generated_at":"2026-06-18T00:32:49.663341+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ASIC Q4 net loss $10.1M, revenue $16.2M; cash NOI up 13% YoY","bullets":["Q4 revenue $16.2M (-33% YoY, including ~$9M termination fees in Q4 2021); net loss $10.1M ($5.48 per share).","Adjusted EBITDA $4.5M; cash NOI $8.0M (+13% YoY); 100% rent collection; Core FFO -$0.2M (improved from -$1.9M Q3 2022).","Full year net loss $45.9M ($26.59 per share) on revenue $64.0M; portfolio 82.7% occupied, 7.1 year WALT.","Debt 100% fixed-rate, 4.4% avg rate, no maturities until 2024; net leverage 40.7%.","Subsequent events: rebranded to ASIC, rights offering net proceeds ~$4.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001595527-23-000009","json":"https://secwatch.observer/filing/0001595527-23-000009.json","markdown":"https://secwatch.observer/filing/0001595527-23-000009.md","text":"https://secwatch.observer/filing/0001595527-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/nycr-20230316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:32:49.663341+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4841dac338c62d75a22d1c060586355a37c63807","claim":"American Strategic Investment Co. reported fourth quarter and year ended December 31, 2022 results: revenue $16.2 million, net income $10.1 million, EPS $5.48 per share.","evidence_excerpt":"share data has been retroactively adjusted to reflect the 1-for-8 reverse stock split which occurred on January 11, 2023. Fourth Quarter 2022 and Subsequent Events • Revenue was $16.2 million compared to $24.2 million in the fourth quarter 2021, as the fourth quarter 2021 benefited from approximately $9 million in termination fees and accelerated amortization of the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2022"},{"label":"Revenue","value":"$16.2 million"},{"label":"Net income","value":"$10.1 million"},{"label":"EPS","value":"$5.48 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"88729251790c192c84925d087580b4e99b8a85aa","claim":"American Strategic Investment Co. reported year ended December 31, 2022 results: revenue $64.0 million, net income $45.9 million, EPS $26.59 per share.","evidence_excerpt":"and received net proceeds of approximately $4.1 million through a rights offering subsequent to quarter end Full Year 2022 Highlights • Revenue was $64.0 million • Net loss attributable to common stockholders was $45.9 million or $26.59 per share • Adjusted EBITDA was $10.5 million • Portfolio occupancy of 82.7% as of December 31, 2022 with a weighted-average remaining lease term of 7.1 years • Over 58,200 square feet of new leasing and lease renewals completed • Portfolio debt is 100% fixed rate with no maturities through the end of 2023, 4.4% weighted-average interest rate and 4.1 years of weighted-average debt maturity • Conservative balance sheet with net leverage of 40.7% CEO Comments “The end of 2022 was the beginning of a major transformation to ensure the Company is best positioned to benefit from a more diversified set of income streams and cash flows over time, ultimately drivi","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Revenue","value":"$64.0 million"},{"label":"Net income","value":"$45.9 million"},{"label":"EPS","value":"$26.59 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9eb302ab086580cb52e9d741eb5fcd7ce901e37d","claim":"American Strategic Investment Co. reported fourth quarter ended December 31, 2022 results: revenue $16.2 million, net income $10.1 million, EPS $5.48 per share.","evidence_excerpt":"Revenue was $16.2 million compared to $24.2 million in the fourth quarter 2021, as the fourth quarter 2021 benefited from approximately $9 million in termination fees and accelerated amortization of the remaining unamortized balance of below-market lease liabilities recorded as revenue","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$16.2 million"},{"label":"Net income","value":"$10.1 million"},{"label":"EPS","value":"$5.48 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}