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American Strategic Investment Co. Announces Third Quarter 2024 Results

American Strategic Investment Co. Class A (NYC) 
Company Research Source: Business Wire
Company to Host Investor Webcast and Conference Call Today at 11:00 AM ET NEW YORK--(BUSINESS WIRE)--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, 2024.Third Quarter 2024 HighlightsRevenue was $15.4 million compared to $16.0 million for the same quarter in 2023Net loss attributable to common stockholders was $34.5 million, compared to $9.4 million in the prior year primarily due to non-cash impairments of $27.8 million of which, $1.9 million is related to the pending sale of 9 Times Square in Manhattan, New YorkCash net operating income (“NOI”) grew by $0.3 million to $6.8 million for the third quarter of 2024 from $6.5 million for the third quarter of 2023Adjusted EBITDA was $3.1 million compared to $3.4 million in the third quarter of 2023Portfolio occup Show less Read more
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