ASIC Q1 revenue falls 40% to $7.3M; net loss narrows to $7.8M

American Strategic Investment Co.

Revenue from tenants $7.3M, down from $12.3M YoY, primarily due to 1140 Sixth Ave disposition.
Net loss attributable to common stockholders $7.8M ($3.04/share) vs $8.6M ($3.39/share) in Q1 2025.
Cash NOI $2.9M vs $4.2M YoY; adjusted EBITDA negative $1.1M vs negative $0.8M.
Portfolio 76.4% leased, 5 properties; net debt to gross asset value 59.6% at 4.56% avg rate.
Advisor elected $1.9M in stock in April 2026 in lieu of cash advisory fees.

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