American Strategic Investment Co.
Business
American Strategic Investment Co. is an externally managed real estate investment company that owns a portfolio of commercial real estate properties primarily located in Manhattan, New York City. The company owns multiple office properties with accompanying retail spaces, amenities, and parking garages, maintaining a substantial occupancy rate across its portfolio. Following termination of its REIT election, the company is now pursuing a diversified investment strategy that may include office, retail, hospitality, and residential properties, as well as real estate debt and equity investments in other companies, primarily within New York City.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue from tenants | 43 | 62 | 63 | 64 | 70 | |
| Asset and property management fees to related parties | 7 | 8 | 8 | 7 | 8 | |
| Property operating | 27 | 34 | 34 | 34 | 33 | |
| Impairment of real estate investments | 31 | 113 | 67 | 0 | 1 | |
| Equity-based compensation | 364,000 | 408,000 | 6 | 9 | 8 | |
| General and administrative | 8 | 9 | 9 | 12 | 9 | |
| Depreciation and amortization | 13 | 18 | 27 | 29 | 31 | |
| Total operating expenses | 87 | 183 | 150 | 91 | 91 | |
| Operating loss before gain (loss) on disposition of real estate investments | −43 | −121 | −87 | −27 | — | |
| Gain (loss) on disposal of real estate investments | 48 | −276,000 | 0 | — | — | |
| Operating gain (loss) | 4 | −121 | −87 | −27 | −20 | |
| Interest expense | −15 | −19 | −19 | −19 | — | |
| Interest expense associated with property in receivership | −10 | 0 | 0 | — | — | |
| Other income | 6,000 | 112,000 | 36,000 | −27,000 | 47,000 | |
| Total other expenses | −26 | −19 | −19 | −19 | −19 | |
| Net loss before income taxes | −21 | −141 | −106 | −46 | −39 | |
| Income tax expense | 0 | 0 | 0 | 0 | −37,000 | |
| Net loss and Net loss attributable to common stockholders | −21 | −141 | −106 | −46 | −39 | |
| Change in unrealized gain/(loss) on derivative | 0 | −406,000 | −1 | 3 | 2 | |
| Comprehensive loss | −21 | −141 | −107 | −43 | −38 | |
| Weighted average common shares outstanding basic (in shares) | 3 | 2 | 2 | 2 | 2 | |
| Weighted average common shares outstanding diluted (in shares) | 3 | 2 | 2 | 2 | 2 | |
| Net loss per common share attributable to common stockholders basic (in dollars per share) | −8.32 | −56.51 | −47.57 | −26.59 | −24.42 | |
| Net loss per common share attributable to common stockholders diluted (In dollars per share) | −8.32 | −56.51 | −47.57 | −26.59 | −24.42 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Land | 114 | 130 | 189 | 193 | — | |
| Buildings and improvements | 268 | 341 | 479 | 577 | — | |
| Acquired intangible assets | 5 | 19 | 57 | — | — | |
| Total real estate investments, at cost | 388 | 490 | 725 | 841 | — | |
| Less accumulated depreciation and amortization | −81 | −91 | −145 | −168 | — | |
| Total real estate investments, net | 307 | 399 | 580 | 673 | — | |
| Cash and cash equivalents | 1 | 10 | 5 | 9 | — | |
| Restricted cash | 7 | 9 | 8 | 7 | 3 | |
| Contract asset | 109 | 0 | 0 | — | — | |
| Operating lease right-of-use asset | 0 | 55 | 55 | 55 | — | |
| Prepaid expenses and other assets | 3 | 5 | 6 | 6 | — | |
| Straight-line rent receivable | 15 | 23 | 31 | 29 | — | |
| Deferred leasing costs, net | 2 | 7 | 9 | 10 | — | |
| Total assets | 445 | 507 | 694 | 790 | — | |
| Mortgage notes payable, net | 250 | 347 | 396 | 394 | — | |
| Debt associated with property in receivership | 99 | 0 | 0 | — | — | |
| Accrued interest associated with property in receivership | 10 | 0 | 0 | — | — | |
| Accounts payable, accrued expenses and other liabilities (including amounts due to/(from) related parties of $(280) and $317 at December 31, 2025 and 2024, respectively) | 19 | 15 | 13 | 13 | — | |
| Note payable to related parties | 650,000 | 0 | — | — | — | |
| Operating lease liability | 0 | 55 | 55 | 55 | — | |
| Below-market lease liabilities, net | 708,000 | 1 | 2 | 3 | — | |
| Deferred revenue | 2 | 3 | 4 | 4 | — | |
| Total liabilities | 380 | 421 | 469 | 469 | — | |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | — | |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 2,692,941 and 2,634,355 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 27,000 | 27,000 | 23,000 | 19,000 | — | |
| Additional paid-in capital | 732 | 731 | 730 | 699 | — | |
| Accumulated other comprehensive income | 0 | 0 | 406,000 | 2 | — | |
| Distributions in excess of accumulated earnings | −667 | −646 | −505 | −399 | — | |
| Total stockholders equity | 65 | 86 | 225 | 301 | — | |
| Total liabilities and equity | 445 | 507 | 694 | 790 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −21 | −141 | −106 | −46 | −39 | |
| Amortization of deferred financing costs | 1 | 1 | 2 | 2 | 2 | |
| Accretion of below- and amortization of above-market lease liabilities and assets, net | −300,000 | −476,000 | −70,000 | −8,000 | −9 | |
| Common stock issued to the Advisor in connection with Advisor related fees | 0 | 2 | 485,000 | 5 | 0 | |
| (Gain)/loss on dispositions of real estate | −48 | 276,000 | 0 | 0 | — | |
| Straight-line rent receivable | −606,000 | 869,000 | −2 | −3 | −4 | |
| Straight-line rent payable | −188,000 | 109,000 | 109,000 | 110,000 | 109,000 | |
| Prepaid expenses, other assets and deferred costs | 2 | 238,000 | −2 | 1 | 843,000 | |
| Accounts payable, accrued expenses and other liabilities | 16 | 2 | 871,000 | 4 | −111,000 | |
| Deferred revenue | 196,000 | −942,000 | −228,000 | −909,000 | 562,000 | |
| Net cash used in operating activities | −8 | −4 | −7 | −486,000 | −8 | |
| Capital expenditures | −757,000 | −1 | −4 | −6 | −3 | |
| Net proceeds from sale of real estate investments | 0 | 61 | 4 | 0 | 0 | |
| Reduction of cash from derecognition of assets | −3 | 0 | 0 | — | — | |
| Net cash provided by (used in) investing activities | −4 | 60 | 71,000 | −6 | −3 | |
| Proceeds from Rights Offering, net (see Note 9) | 0 | 0 | 4 | 0 | 0 | |
| Redemption of fractional shares of common stock and restricted shares | 0 | 0 | −24,000 | 0 | 0 | |
| Common stock shares withheld upon vesting of restricted shares | 0 | 0 | −10,000 | 0 | 0 | |
| Repurchases of common stock | 0 | −231,000 | 0 | 0 | −183,000 | |
| Net cash provided by (used in) financing activities | 650,000 | −50 | 4 | −6 | −275,000 | |
| Net change in cash, cash equivalents and restricted cash | −11 | 6 | −3 | −12 | −12 | |
| Cash paid for interest | 11 | 18 | 17 | 17 | 18 | |
| Common stock issued to the Advisor in connection with management fees (see Note 9) | 0 | 2 | 485,000 | 5 | 0 | |
| Net change in accrued capital expenditures for the period | 0 | −42,000 | −683,000 | 780,000 | 1 | |
| Derecognition of property in receivership | 57 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is American Strategic Investment Co.'s CIK number?
American Strategic Investment Co.'s SEC CIK number is 0001595527 (1595527). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find American Strategic Investment Co.'s SEC filings?
All of American Strategic Investment Co.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did American Strategic Investment Co. last report earnings?
American Strategic Investment Co. (NYC) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-035305). This is American Strategic Investment Co.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is American Strategic Investment Co.'s most recent earnings 8-K?
American Strategic Investment Co.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001628280-26-035305. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View American Strategic Investment Co.'s latest earnings 8-K →
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