American Strategic Investment Co. Announces Third Quarter 2026 Results
Business Wire•13/11/2026•16:15 ET
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Key Highlights
- ➤Revenue $7.1 million, down from $12.3 million year over year
- ➤Net loss $6.7 million versus $35.8 million net income
- ➤Cash NOI $3.5 million, down from $5.3 million year over year
- ➤New York State signed an 11-year lease expanding to 70,629 square feet
- ➤Portfolio occupancy approximately 78% pro forma after the lease expansion
Expert Statements
Nicholas Schorsch, Jr., CEO of American Strategic Investment Co.
“The Company’s results this quarter build on the progress we made over the last two quarters, as our capital prioritization strategy continues to contribute to our results.”
Nicholas Schorsch, Jr., CEO of American Strategic Investment Co.
“The portfolio’s high quality, largely investment grade tenant base continues to support stable performance this year.”
Nicholas Schorsch, Jr., CEO of American Strategic Investment Co.
“We remain focused on completing our remaining asset dispositions and directing capital toward the opportunities we believe will create the most durable value for our shareholders, such as the execution of the lease with the State of New York after the end of the quarter that increases pro-forma occupancy at 123 William Street to approximately 75% and portfolio occupancy to approximately 78%.”
American Strategic Investment Co. Announces Third Quarter 2026 Results
American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended September 30, 2026.
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