ASIC reports Q2 2023 revenue $15.8M, net loss improves to $10.9M, occupancy up to 85%

American Strategic Investment Co.

2023-Q2 EPS reported -$10.47

Revenue $15.8M vs $16.2M in Q2 2022; net loss -$10.9M improved from -$13.0M.
Cash NOI grew 7.7% to $7.5M; Adjusted EBITDA over 200% increase to $3.0M from $0.9M.
Portfolio occupancy 85% (up from 84% in Q1); executed 4 new leases for 26k sq ft and $1.5M annualized rent.
Debt 100% fixed rate at 4.4% weighted average; no maturities through 2023; net debt to gross asset value 41.4%.
Cash and equivalents $7.1M; FFO per share -$1.75 (improved from -$3.52 in Q2 2022).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

American Strategic Investment Co. reported the second quarter ended June 30, 2023 results: revenue Revenue was $15.8 million, net income Net loss attributable to common stockholders improved to $10.9 million, EPS Net loss per common share (a) $ (4.77).

Period: the second quarter ended June 30, 2023
Revenue: Revenue was $15.8 million
Net income: Net loss attributable to common stockholders improved to $10.9 million
EPS: Net loss per common share (a) $ (4.77)
Result: reported results

Exact text from the filing

New York City, announced today its financial and operating results for the second quarter ended June 30, 2023. Second Quarter 2023 and Subsequent Event Highlights • Revenue was $15.8 million compare d to $16.2 million in the second quarter 2022 and $15.5 million in the first quarter 2023, as new leases began to commence • Net loss attributable to common stockholders

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

American Strategic Investment Co. filing history →

Source: SEC EDGAR

accession 0001595527-23-000024

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