secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001595527-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000159552724000004/0001595527-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000159552724000004/nycr-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001595527-24-000004

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