Quarterly ResultMay 15, 2026, 06:22 AM
American Strategic Investment Q1 Revenue $7.3M; Net Loss $(7.8)M
AI Summary
American Strategic Investment Co. announced its first quarter 2026 financial and operating results, reporting a significant decrease in revenue to $7.3 million from $12.3 million in the prior year, primarily due to asset dispositions. The company's net loss attributable to common stockholders slightly improved to $7.8 million, while Cash NOI and Adjusted EBITDA both declined. To conserve liquidity, the company issued Class A common stock to its external Advisor for $1.9 million in accrued advisory fees.
Key Highlights
- Revenue for Q1 2026 was $7.3 million, down from $12.3 million in Q1 2025.
- Net loss attributable to common stockholders improved to $7.8 million from $8.6 million YoY.
- Net loss per common share was $(3.04) for Q1 2026, compared to $(3.39) in Q1 2025.
- Cash net operating income (NOI) decreased to $2.9 million from $4.2 million YoY.
- Adjusted EBITDA worsened to negative $1.1 million from negative $0.8 million YoY.
- The company's external Advisor received $1,910,169 in Class A common stock for advisory fees.
- Portfolio was 76.4% leased with a weighted-average remaining lease term of 6.2 years.
- Cash and cash equivalents stood at $2.5 million, with net debt of $248.5 million.
Price Impact
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