American Strategic Investment Co. (NYC) Earnings Call Transcripts

American Strategic Investment Co.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, American Strategic Investment Company reported a revenue of $7.3 million, a significant decrease from $12.3 million in the same quarter last year, primarily due to the foreclosure of a key property. The company experienced a GAAP net loss of $7.8 million, slightly improved from a loss of $8.6 million in Q1 2025. Management emphasized a focus on tenant retention and operational efficiency, with a commitment to enhancing shareholder returns through strategic asset management and future investment opportunities.

Reported metrics

Guidance from management

Management did not provide specific numerical guidance for future quarters but emphasized ongoing efforts to improve operational efficiency and explore profitable investment opportunities.

What management said

Thank you, Michael. Our ongoing efforts are aimed at improving operational adaptability, including selective asset sales. We are currently reviewing various approaches for our properties located at 123 William Street and 196 Orchard to maximize long-term portfolio value. The team remains committed to filling vacant units, exploring alternatives for refinancing upcoming debt maturities, renewing agreements with presen...

What analysts pressed on

Analysts expressed concerns regarding the significant revenue decline and the impact of asset dispositions on cash flow. There were questions about the sustainability of operations given the negative adjusted EBITDA and cash net operating income figures.

Main topics on the call

• Revenue Decline — Revenue for Q1 2026 was $7.3 million, down from $12.3 million in Q1 2025, largely due to the foreclosure of 1140 Avenue of the Americas. Management stated, 'the disposition of 1140 Avenue of the Americas through a consen...
• Improved Portfolio Stability — Management noted that 60% of leases now extend beyond 2030, up from 57% last quarter, indicating improved stability. CEO Schorsch highlighted, 'this extended term... provides significant portfolio stability.'
• Focus on Cost Efficiency — The company is actively managing recurring expenses and optimizing its balance sheet. Schorsch mentioned, 'Our ongoing efforts are aimed at improving operational adaptability, including selective asset sales.'
• Tenant Quality — The top 10 tenants are 69% investment grade or implied investment grade, which supports the portfolio's resilience. Schorsch stated, 'We believe that this extended term... provides significant portfolio stability.'

Read the full American Strategic Investment Co. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 American Strategic Investment Co. earnings call transcripts on record, spanning November 12, 2020 to May 15, 2026. Based on this history, American Strategic Investment Co. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NYC

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

23

First call

November 12, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly