NYC 8-K SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

NYC ▼ -0.84% at T+5d

SHORT call ✓ call won +0.84% · α vs SPY +1.81% · entry $9.50 → $9.42

Next anchor: T+20d in 5d

Last close $8.50 (close Jun 8) · +10.53% from $9.50 entry (call sign-flipped)

Entry anchored
May 15, 2026
via day open

T+1d

+1.63%

call -1.63% · α -1.69%

$9.66

settled 23d ago

T+5d

-0.84%

call +0.84% · α +1.81%

$9.42

settled 19d ago

T+20d

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call — · α —

—

in 5d

T+60d

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call — · α —

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in 2mo

Price Chart

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Executive Summary

American Strategic Investment Co. reported Q1 2026 revenue of $7.3M, down 40% YoY from $12.3M due to the prior-year disposition of 1140 Avenue of the Americas. Net loss widened to $7.8M from $8.6M, and Cash NOI fell to $2.9M from $4.2M. The portfolio's leased rate dropped to 76.4% from 80.3% sequentially, while net debt to gross asset value rose to 59.6% from 47.5%, signaling continued operational and financial deterioration.

Actionable Insight

With revenue declining, negative adjusted EBITDA, rising leverage, and a 1.3-year weighted-average debt maturity, the company faces acute refinancing risk. Monitor for asset sales, debt restructuring, or a going-concern warning in the next 10-Q. The stock's $26M market cap leaves minimal equity cushion against $251M in debt.

Key Facts

Revenue declined 40% YoY to $7.3M from $12.3M, driven by the sale of 1140 Avenue of the Americas
Net loss attributable to common stockholders was $7.8M vs $8.6M in Q1 2025
Cash NOI fell to $2.9M from $4.2M YoY
Adjusted EBITDA remained negative at -$1.1M vs -$0.8M in Q1 2025
Portfolio leased rate declined to 76.4% from 80.3% at Q4 2025
Net debt to gross asset value increased to 59.6% from 47.5%
Advisor received $1.9M in stock in lieu of cash fees, conserving liquidity
Weighted-average debt maturity shortened to 1.3 years from 1.5 years
Interest coverage ratio remained negative at -0.3x

Financial Impact

Revenue decline of $5.0M YoY; net loss of $7.8M; Cash NOI decline of $1.3M YoY

revenuenet incomecash NOIadjusted EBITDAleased ratenet debt to gross asset value

Risk Factors

Refinancing risk with $140M debt maturing in 2027 and negative interest coverage
Further tenant departures and lease expirations (20% of rent expiring in 2027)
Potential NYSE delisting if continued listing standards are not met
Limited liquidity with only $2.5M cash against $5M minimum liquid asset requirement

Market Snapshot

Exchange

NYSE

Sector

Real Estate Investment Trusts

Analyst Consensus

0% bullish (8 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001628280-26-035305
Exhibit: ex991-asicearningsrelease3.htm	0001628280-26-035305
Document: nycr-20260515.htm	0001628280-26-035305
Document: 0001628280-26-035305-index-headers.html	0001628280-26-035305
Document: 0001628280-26-035305-index.html	0001628280-26-035305
Document: 0001628280-26-035305.txt	0001628280-26-035305
8-K Data (Synthetic)	0001628280-26-035305

5 reports for NYC

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for NYC — sortable, filterable
	Type				Now
May 15, 2026 25d ago	8-K NEUTRAL ★ 4/10	$9.50 $9.42	▼ −0.84%	▼ −1.81%	$8.50 (−10.53%)
May 15, 2026 25d ago	8-K BEARISH ★ 6/10	$9.50 $9.42	▲ +0.84%	▲ +1.81%	$8.50 (+10.53%)
May 1, 2026 5w ago	8-K NEUTRAL ★ 4/10	$8.00 $8.40	▲ +5.00%	▲ +2.06%	$8.50 (+6.25%)
Apr 15, 2026 7w ago	8-K BEARISH ★ 6/10	$7.95 $8.50	▼ −6.95%	▼ −5.96%	$8.50 (−6.95%)
Apr 15, 2026 7w ago	8-K NEUTRAL ★ 4/10	$7.91 $8.01	▲ +1.26%	▼ −0.37%	$8.50 (+7.46%)

US Market Status

Market Closed — Opens in 6h 51m

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