ASIC posts Q4 net loss of $73.9M, includes office impairment; occupancy up to 86.7%

American Strategic Investment Co.

2024-Q1 EPS reported -$3.28

Q4 revenue $15.4M; net loss $73.9M ($32.27/sh) includes non-cash impairment on an office property.
Full-year 2023 net loss $105.9M ($47.57/sh); revenue $62.7M; Adjusted EBITDA $11.9M.
Q4 Core FFO negative $1.2M ($0.52/sh); FFO negative $1.5M ($0.65/sh).
Portfolio occupancy 86.7% (up 400 bps YoY); 15 leases signed in 2023 totaling over 100k sq ft.
All debt fixed-rate, 4.4% avg interest; net leverage 47.0%; $5.3M cash; 3.2yr weighted debt maturity.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Strategic Investment Co. reported the quarter and year ended December 31, 2023 results: revenue $15.4 million, net income Net loss attributable to common stockholders was $73.9 million or $32.27 per share, EPS $(0.65) per share.

Period: the quarter and year ended December 31, 2023
Revenue: $15.4 million
Net income: Net loss attributable to common stockholders was $73.9 million or $32.27 per share
EPS: $(0.65) per share
Result: reported results

Exact text from the filing

York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 and Subsequent Events • Revenue was $15.4 million • Net loss attributable to common stockholders was $73.9 million or $32.27 per share including a non-cash impairment on an office property • Adjusted EBITDA of $3.4 million •

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Source: SEC EDGAR

accession 0001595527-24-000004

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