secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001595527-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000017/0001595527-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000017/nycr-20230512.htm
  HTML page:      https://secwatch.observer/filing/0001595527-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer