American Strategic Investment Co. Issues Press Release Announcing Q3 2024 Financial Results

American Strategic Investment Co. (NYSE: NYC) recently released a press statement on November 12, 2024, unveiling their financial outcomes for the quarter that concluded on September 30, 2024. The key highlights from the report were shared as Exhibits 99.1 and 99.2 in their Current Report on Form 8-K.

The press release showcased the company’s revenue from tenants amounting to $15,447, with a Net Loss attributable to common stockholders of ($34,482). The Basic and Diluted Net Loss per share attributable to common stockholders stood at ($13.52). Additionally, the Cash NOI was reported at $6,761 and the Adjusted EBITDA at $3,095 for the same period.

In terms of the Balance Sheet and Capitalization, the company disclosed that it had a gross asset value of $655,801. The net debt was outlined at $394,266, with total consolidated debt at $399,500. American Strategic Investment Co. also declared key financial metrics regarding its assets, liabilities, and outstanding shares as of September 30, 2024.

Looking into Non-GAAP financial measures, the company discussed various financial ratios including Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), Adjusted EBITDA, Net Operating Income (NOI), and Cash Net Operating Income (Cash NOI) among others. These metrics were explained in detail to provide a comprehensive overview of the company’s performance.

The report further delved into debt specifics, showcasing a structured overview of debt maturities, outstanding balances, and interest rates as of September 30, 2024. Future minimum lease rents, top tenants, investment grade metrics, and other financial data were also included in the supplemental information, offering a detailed insight into American Strategic Investment Co.’s financial standing as per the Q3 2024 results.

The company’s emphasis on providing clear and comprehensive financial data reflects its commitment to transparency and accountability to investors and stakeholders. Investors are urged to carefully consider these disclosures alongside the accompanying GAAP financial statements for an accurate understanding of the company’s performance and financial position.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read American Strategic Investment’s 8K filing here.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.