---
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"
generated_at: "2026-06-18T00:32:49.663341+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ASIC Q4 net loss $10.1M, revenue $16.2M; cash NOI up 13% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595527-23-000009
- JSON: https://secwatch.observer/filing/0001595527-23-000009.json
- Plain text: https://secwatch.observer/filing/0001595527-23-000009.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter and year ended December 31, 2022
  - Revenue: $16.2 million
  - Net income: $10.1 million
  - EPS: $5.48 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm
- Earnings Releases
  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.
  - Period: year ended December 31, 2022
  - Revenue: $64.0 million
  - Net income: $45.9 million
  - EPS: $26.59 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm
- Earnings Releases
  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.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $16.2 million
  - Net income: $10.1 million
  - EPS: $5.48 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.