Bond.az - American Strategic Investment Co. (NYSE:NYC) reported a net loss of $7.8 million for Q1 2026, compared to $8.6 million in Q1 2025.
Revenue from tenants fell to $7.3 million from $12.3 million, primarily due to the sale of 1140 Avenue of the Americas.
Cash net operating income was $2.9 million, down from $4.2 million. Adjusted EBITDA was negative $1.1 million. Gross profit margin stood at roughly 20%.
The portfolio consisted of five properties with 0.7 million rentable square feet, 76.4% leased. Weighted-average lease term was 6.2 years.
The stock gained 20.6% over the past week. The company had $2.5 million in cash. Net debt to gross asset value was 59.6%.
