secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001595527-23-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/0001595527-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000009/nycr-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001595527-23-000009

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