ASIC posts Q1 net loss of $11.8M; Cash NOI up 23% to $7.0M

American Strategic Investment Co.

2023-Q1 EPS reported -$5.77

Revenue $15.5M vs $15.6M in Q1 2022; net loss to common $11.8M ($5.77/diluted share).
Cash NOI rose 23% YoY to $7.0M; portfolio occupancy improved to 84% from 82.7% QoQ.
All debt fixed-rate at 4.4% weighted avg, no maturities through 2023; cash $8.8M.
Collected 100% of cash rent due; 79% of top-10 tenants investment grade or implied.
Core FFO negative $2.6M vs negative $2.2M in Q1 2022; FFO negative $4.8M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Strategic Investment Co. reported first quarter ended March 31, 2023 results: revenue $15.5 million, net income $11.8 million, EPS $5.77.

Period: first quarter ended March 31, 2023
Revenue: $15.5 million
Net income: $11.8 million
EPS: $5.77
Result: reported results

Exact text from the filing

Revenue was $15.5 million compared to $15.6 million in the first quarter 2022 • Net loss attributable to common stockholders was $11.8 million, compared to $11.7 million in the first quarter 2022

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Source: SEC EDGAR

accession 0001595527-23-000017

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