Monitor for updates on the 123 William St and 196 Orchard St dispositions, as proceeds are expected to be significant relative to the $26M market cap. The next 10-Q will provide further detail on occupancy trends and leasing activity at 123 William St.
Price Chart
Executive Summary
American Strategic Investment Co. (NYC) filed an 8-K furnishing an investor presentation covering Q1 2026 results. The presentation shows revenue from tenants of $7.3M, a net loss of $7.8M, and Cash NOI of $2.9M (down from $4.2M YoY). The company is marketing the sale of 123 William St and 196 Orchard St to generate proceeds for redeployment. The filing is routine and contains no material new information beyond what was already disclosed in the 10-K filed April 15, 2026.
Key Facts
- Q1 2026 revenue from tenants was $7.3 million
- Q1 2026 net loss was $7.8 million
- Q1 2026 Cash NOI was $2.9 million, down from $4.2 million in Q1 2025
- Portfolio occupancy is 76.4% with a weighted-average remaining lease term of 6.2 years
- Marketing process continues for the sale of 123 William St and 196 Orchard St
- 100% fixed-rate debt capital structure with weighted-average interest rate of 4.56%
- Net leverage of 59.6% with no debt maturities until 2027
- Advisor and affiliates own approximately 1.6 million shares as of March 31, 2026
Financial Impact
Q1 2026 Cash NOI of $2.9M declined 32% YoY from $4.2M; net loss improved slightly to $7.8M from $8.6M YoY
Risk Factors
- Low portfolio occupancy of 76.4% with 73.8% occupancy at the largest asset (123 William St)
- Adjusted EBITDA was negative $1.1M in Q1 2026
- NYSE continued listing compliance risk noted in forward-looking statements
- Cash NOI declining 32% YoY indicates operational pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-061824 |
| Document: tm2614671d2_8k.htm | 0001104659-26-061824 |
| Document: 0001104659-26-061824-index-headers.html | 0001104659-26-061824 |
| Document: 0001104659-26-061824-index.html | 0001104659-26-061824 |
| Document: 0001104659-26-061824.txt | 0001104659-26-061824 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 144 | $6.10 $5.62 | ▲ +7.87% | ▲ +10.13% | $5.84 (+4.26%) |
Aug 28, 2026 8w ago | 144 | $6.26 $6.50 | ▼ −3.80% | ▼ −3.29% | $5.84 (+6.74%) |
Aug 24, 2026 9w ago | 144 | $6.46 $6.05 | ▲ +6.35% | ▲ +7.66% | $5.84 (+9.60%) |
Aug 13, 2026 10w ago | 144 | $7.58 $6.20 | ▼ −18.21% | ▼ −16.46% | $5.84 (−22.96%) |
Aug 4, 2026 12w ago | 8-K | $9.39 $6.24 | ▼ −33.55% | ▼ −32.31% | $5.84 (−37.81%) |
Jul 13, 2026 15w ago | 8-K | $8.41 $8.00 | ▼ −4.88% | ▼ −7.37% | $5.84 (−30.56%) |
May 15, 2026 23w ago | 8-K | $9.50 $8.22 | ▼ −13.47% | ▼ −15.59% | $5.84 (−38.53%) |
May 15, 2026 23w ago | 8-K | $9.50 $8.22 | ▲ +13.47% | ▲ +15.59% | $5.84 (+38.53%) |
May 1, 2026 25w ago | 8-K | $8.00 $8.68 | ▲ +8.50% | ▲ +2.85% | $5.84 (−27.00%) |
Apr 15, 2026 27w ago | 8-K | $7.95 $8.57 | ▼ −7.83% | ▼ −2.01% | $5.84 (+26.52%) |
US Market Status
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