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American Strategic Investment Co.

NYC

American Strategic Investment Co. • NYSE
$7.90 ▲ 5.33% (+0.40)
Market Cap $21.12 M
52w High $16.30
52w Low $7.20
Dividend Yield 0%
P/E -1.01
Volume 1.15K
Outstanding Shares 2.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $6.86M ▼ $35.754M ▲ 0% ▲ $13.6 ▲ $42.964M ▲
Q2-2025 $12.222M ▼ $36.367M ▲ $-41.66M ▼ -340.861% ▼ $-16.39 ▼ $443K ▲
Q1-2025 $12.308M ▼ $6.818M ▲ $-8.592M ▼ -69.808% ▼ $-3.39 ▼ $-918K ▼
Q4-2024 $14.889M ▼ $6.64M ▼ $-6.65M ▲ -44.664% ▲ $-2.6 ▲ $1.243M ▲
Q3-2024 $15.447M $34.069M $-34.482M -223.228% $-13.52 $-24.789M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.355M ▼ $448.066M ▼ $376.703M ▼ $71.363M ▲
Q2-2025 $5.313M ▼ $463.994M ▼ $428.476M ▲ $35.518M ▼
Q1-2025 $7.083M ▼ $499.377M ▼ $422.291M ▲ $77.086M ▼
Q4-2024 $9.776M ▲ $507.066M ▼ $421.48M ▼ $85.586M ▼
Q3-2024 $5.234M $567.912M $475.539M $92.373M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $35.755M ▲ $777K ▲ $-3.193M ▼ $0 $-2.416M ▲ $612K ▲
Q2-2025 $-41.66M ▼ $-2.502M ▲ $-486K ▼ $0 $-2.988M ▲ $-2.988M ▲
Q1-2025 $-8.592M ▼ $-3.037M ▲ $-72K ▼ $0 ▲ $-3.109M ▼ $-3.109M ▲
Q4-2024 $-6.65M ▲ $-7.303M ▼ $60.782M ▲ $-50.306M ▼ $3.173M ▲ $-7.669M ▼
Q3-2024 $-34.482M $2.565M $-357K $425K $2.633M $2.208M

Revenue by Products

Product Q1-2019Q2-2019Q3-2019
Tenant Reimbursement And Other Revenue
Tenant Reimbursement And Other Revenue
 $0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been essentially flat for several years, while profitability has moved steadily in the wrong direction. Gross profit has not grown, operating losses have deepened, and the company has reported net losses every year in the period shown. Earnings per share have become more negative over time, reflecting both weak earnings power and the impact of past recapitalizations and reverse splits. Overall, the income statement points to a business that has not yet found a stable, profitable footing in its current form.

Balance Sheet

Balance Sheet The balance sheet shows a gradual shrinking of the asset base and a notable erosion of shareholders’ equity over time. Debt has stayed relatively high compared with the size of the company, while equity has been drawn down by recurring losses. Cash on hand is modest, giving the company limited financial cushion. This combination suggests a leveraged balance sheet with a thin equity buffer, which can reduce resilience to further market stress or property-value declines.

Cash Flow

Cash Flow Cash generation from the core business has hovered around breakeven to slightly negative, and free cash flow has been consistently negative. That means the company has not been fully funding itself from operating cash and has likely depended on asset sales, financing, or both to bridge the gap. Capital spending has been kept lean, which may help conserve cash in the short term but also limits room for investment-driven growth. Overall, cash flow quality is weak and leaves little margin for error.

Competitive Edge

Competitive Edge Historically, the company’s edge came from owning a focused portfolio of New York City office and retail properties in highly desirable locations, with a meaningful share of rent coming from strong, creditworthy tenants. That remains a positive differentiator, but the broader office market—especially in Manhattan—faces structural headwinds from higher vacancies and changing work patterns. The company is also relatively small compared with larger office REITs, which can limit scale advantages and bargaining power. Its decision to diversify beyond a pure NYC focus may reduce concentration risk but also dilutes its original niche identity.

Innovation and R&D

Innovation and R&D Innovation here is strategic rather than technological. Management is trying to reshape the portfolio by selling certain Manhattan assets to cut debt and redeploy capital into properties that could offer better returns, potentially outside New York City. This is essentially a turnaround and optimization effort rather than a push into new technologies or services. There is no meaningful evidence of investment in property technology or data-driven operating tools so far. Success will depend on timing and execution: achieving good sale prices, actually lowering leverage, and reinvesting into assets that can improve long-term cash flows.

Summary

American Strategic Investment Co. is in the middle of a difficult transition. The financial statements show a pattern of flat revenue, persistent and deepening losses, shrinking equity, and limited cash, all against a backdrop of a challenging NYC office market. Its key strengths are a history of owning high-quality properties and attracting solid tenants, but these positives are offset by high leverage, weak profitability, and soft cash generation. The strategic pivot—selling selected Manhattan assets, reducing debt, and seeking higher-yielding opportunities elsewhere—is an important attempt to reset the business. The central questions going forward are whether the company can execute this strategy quickly and effectively enough, and whether the new portfolio can deliver more stable and sustainable earnings than the current one.

NEWS

November 19, 2025 · 5:00 PM UTC

American Strategic Investment Co. Announces Third Quarter 2025 Results

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November 19, 2025 · 9:29 AM UTC

American Strategic Investment Co. Updates Date for Third Quarter 2025 Results

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November 14, 2025 · 8:00 AM UTC

Enlight Renewable Energy to Participate at Upcoming Conferences

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November 13, 2025 · 5:30 PM UTC

American Strategic Investment Co. Updates Date for Third Quarter 2025 Results

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November 10, 2025 · 5:30 PM UTC

American Strategic Investment Co. Updates Date for Third Quarter 2025 Results

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