---
schema_version: "secwatch.filing_event.v1"
accession: "0001595527-24-000015"
form_type: "8-K"
ticker: "NYC"
cik: "0001595527"
company_name: "American Strategic Investment Co."
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:23:41.223558+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ASIC Q2 net loss $91.9M includes $84.7M impairment; adj EBITDA up 49%, occupancy 85.9%

## Summary
- Net loss to common stockholders $91.9M ($36.48/share) vs $10.9M prior, driven by $84.7M non-cash impairment from pending 9 Times Square sale.
- Revenue flat at $15.8M; adjusted EBITDA grew 49% to $4.5M from $3.0M.
- Portfolio occupancy up 80 bps to 85.9%; weighted-average lease term 6.3 years.
- Definitive agreement to sell 9 Times Square for $63.5M; proceeds to reduce debt and fund higher-yielding investments.
- Net debt to gross asset value 55.9%; weighted-average interest rate 4.9% with 2.7 years maturity.

## SEC filing metadata
- accession: 0001595527-24-000015
- form_type: 8-K
- ticker: NYC
- cik: 0001595527
- company_name: American Strategic Investment Co.
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595527/000159552724000015/0001595527-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595527/000159552724000015/nycr-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595527-24-000015
- JSON: https://secwatch.observer/filing/0001595527-24-000015.json
- Plain text: https://secwatch.observer/filing/0001595527-24-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.