Quarterly ResultMay 15, 2026, 07:52 AM
American Strategic Investment Co. Q1 2026 Investor Presentation
AI Summary
American Strategic Investment Co. presented its First Quarter 2026 Investor Presentation, highlighting a Manhattan-focused real estate portfolio with 76.4% occupancy and a 6.2-year weighted-average remaining lease term. The company reported Q1 2026 revenue from tenants of $7.3 million and a net loss of $7.8 million, alongside a Cash NOI of $2.8 million. Strategic dispositions of 123 William St and 196 Orchard St are underway to generate cash and diversify future investments. The company maintains a 100% fixed-rate debt structure with a 4.56% weighted-average interest rate and no debt maturities until 2027.
Key Highlights
- Portfolio occupancy was 76.4% with a weighted-average remaining lease term of 6.2 years as of March 31, 2026.
- Top 10 tenants are 69% Investment Grade rated with a remaining lease term of 6.7 years.
- Company is marketing 123 William St and 196 Orchard St for disposition to generate significant proceeds.
- Q1 2026 revenue from tenants was $7.3 million, with a net loss of $7.8 million.
- Q1 2026 Cash NOI was $2.8 million, and Adjusted EBITDA was ($1.1) million.
- Debt capital structure is 100% fixed-rate with a weighted-average interest rate of 4.56% and no maturities until 2027.
- Net Leverage was 59.6% as of March 31, 2026.
Price Impact
More from NYC