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NYC American Strategic Investment Co News Story

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American Strategic Investment Q1 revenue falls after property sale

Overview

US commercial real estate owner's Q1 revenue fell sharply yr/yr after property sale

Net loss for Q1 narrowed compared to a year ago

Company continues to focus on asset dispositions and capital preservation

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

PROPERTY SALE IMPACT - Revenue decline primarily due to prior-year disposition of 1140 Avenue of the Americas

CAPITAL PRESERVATION - Company continued to prioritize capital preservation, including paying advisory fees with stock instead of cash

Company press release: ID:nBw2xtRB5a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$7.35 mln
Q1 EPS-$3.04
Q1 Net Income-$7.78 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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