earnings
confidence high
sentiment neutral
materiality 0.60
ASIC Q4 revenue $14.9M, net loss $6.7M; full year loss widens to $140.6M
American Strategic Investment Co.
- Q4 revenue $14.9M (down from $15.4M YoY); net loss $6.7M vs $73.9M in Q4 2023.
- Full year 2024 net loss $140.6M vs $105.9M in 2023; adjusted EBITDA $11.8M vs $12.3M.
- Portfolio occupancy 80.8%, down from 87% at end of 2023; 6.3yr weighted lease term.
- Sold 9 Times Square in Q4; marketing 123 William St and 196 Orchard St for diversification.
- 100% fixed-rate debt, 4.4% avg interest rate, 3.6yr maturity; net leverage 56.9%.