American Strategic Investment Co. Q1 net loss narrows to $7.6M; occupancy rises to 87.2%

American Strategic Investment Co.

2024-Q1 EPS reported -$3.28

Revenue flat at $15.5M; net loss improved to $7.6M from $11.8M YoY.
Adjusted EBITDA grew to $2.9M from $2.5M; cash NOI steady at $7.0M.
Portfolio occupancy up 320 bps to 87.2%; weighted-average lease term 6.3 years.
100% fixed-rate debt at 4.4% weighted-average interest rate; net debt/gross asset value 46.9%.
Subsequent: amended Capital One loan maturity extension; plans to dispose of 9 Times Square property.

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 0.98

American Strategic Investment Co. reported first quarter ended March 31, 2024 results: revenue $15.5 million, net income $7.6 million, EPS $(3.28).

Period: first quarter ended March 31, 2024
Revenue: $15.5 million
Net income: $7.6 million
EPS: $(3.28)
Result: reported results

Exact text from the filing

Revenue was consistent at $15.5 million for the first quarter of 2024 and 2023 • Net loss attributable to common stockholders improved to $7.6 million

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1341 earnings releases filed in the last 30 days. Browse all earnings releases →

American Strategic Investment Co. filing history →

Source: SEC EDGAR

accession 0001595527-24-000009

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