earnings
confidence high
sentiment neutral
materiality 0.55
ASIC Q3 revenue $16.0M, net loss narrows to $9.4M; Core FFO -$0.48/sh
American Strategic Investment Co.
2023-Q3 EPS reported
-$14.53
- Revenue $16.0M vs $15.9M YoY; net loss improved to $9.4M from $11.1M.
- Cash NOI grew 4.9% to $6.5M; Adjusted EBITDA up 18% to $3.4M.
- Core FFO -$1.1M (-$0.48/share) vs -$1.9M (-$1.12/share) a year ago.
- Portfolio 85% occupied; 100% fixed-rate debt at 4.4% weighted-average interest.
- Cash $5.1M; net debt to gross asset value 41.7%.