secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2026-05-15T10:06:27+00:00
Accession:  0001628280-26-035305
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000162828026035305/0001628280-26-035305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000162828026035305/nycr-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-035305

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