American Strategic Investment Co.(NYSE) NYC

American Strategic Investment owns and leases office and retail spaces in New York City. Its properties help businesses and government agencies find workspaces and retail locations. Tenants benefit from central locations and long-term lease options.

Office Space, Retail, and More: What’s in the Portfolio?

• Office Property Leasing: Provides office space for businesses and agencies; primary source of revenue.
• Retail Condominium Leasing: Offers retail units for shops and services; included in total revenue.
• Parking Garage Leasing: Rents parking spaces to tenants and the public; part of property income.

Growth and Expansion: The NYC Shuffle

• Acquired six properties in New York City between 2013 and 2025.
• Sold 9 Times Square in December 2024.
• Management developed a plan in 2025 to pay related party fees in shares and to sell a performing asset.
• No new property acquisitions or major expansions in the first half of 2025.

What Makes American Strategic Investment Stand Out?

The company focuses on Manhattan and New York City, targeting a mix of office and retail tenants. It uses an external management model, with operations handled by a third party. Lease terms are long, and most include regular rent increases.

Five Things You Need to Know

• Revenue was $12 million in Q2 2025, down 21.5% from Q2 2024.
• Net loss was $41.7 million in Q2 2025, improving 54.6% from Q2 2024.
• Portfolio occupancy was 82% as of June 30, 2025, down from 85.9% in 2024.
• Net debt was $344.7 million, with a leverage ratio of 63.6% in June 2025.
• No dividends declared since June 2022; future payouts remain uncertain.

Bottom Line

American Strategic Investment has narrowed its focus to core New York City assets. The company faces ongoing financial and operational challenges in a changing office market.