secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001595527-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000024/0001595527-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000159552723000024/nycr-20230811.htm
  HTML page:      https://secwatch.observer/filing/0001595527-23-000024

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