secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001595527-24-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000159552724000009/0001595527-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000159552724000009/nycr-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001595527-24-000009

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