secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001628280-25-013673
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASIC Q4 revenue $14.9M, net loss $6.7M; full year loss widens to $140.6M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000162828025013673/0001628280-25-013673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000162828025013673/nycr-20250319.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-013673

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