New York City REIT Inc

American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm’s top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

New York City REIT Inc reports solid Q1 results and strategic growth plans

NYC's Q1 performance reflects positive growth in key metrics, supported by a strategic focus on diversification and portfolio stability.
While challenges exist in executing property sales and navigating market conditions, NYC's strengths lie in its financial prudence and growth strategy.
Opportunities for NYC include leveraging property sales to enhance financial flexibility, diversifying its portfolio, and optimizing shareholder value.

NYC REIT Inc reports robust Q2 results amidst strategic divestments

NYC REIT Inc's Q2 2024 performance reflects operational strength with notable growth in adjusted EBITDA and occupancy.
While facing challenges such as noncash impairments and flat revenue, the company maintains a conservative balance sheet and strategic divestment plans.
Opportunities lie in contract signings, market improvements, and reinvestment strategies that position NYC REIT for future growth and value creation.
Management's positive outlook for future quarters indicates confidence in the company's ability to navigate challenges and capitalize on opportunities.

NYC REIT reports positive Q3 results and plans strategic divestment

New York City REIT Inc (NYC) delivered strong Q3 results with a focus on improving financial metrics and portfolio diversification.
The company's emphasis on reducing leverage, strengthening cash position, and pursuing higher-yielding opportunities reflects a strategic approach to enhance shareholder value.
Despite challenges in managing debt and evaluating financial performance, NYC REIT remains optimistic about its growth prospects and market opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm's top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in Newport, RI.

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today issued the following statement in response to the report issued by Institutional Shareholder Services (“ISS”) relating to the director election at the Company's Annual Meeting on May 31, 2022. Michael Weil, Chairman and CEO of NYC, said, “There is no question that Elizabeth Tuppeny is the superior candidate and the right choice for NYC shareholders in the upcoming director election. She has been an ou

NYC REIT Comments on Institutional Shareholder Services Report

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended the Company's stockholders vote on the WHITE proxy card to elect Comrit's independent nominee, Sharon Stern. In its full report, ISS affirmed the case for

ISS Recommends New York City REIT Stockholders Vote for Sharon Stern on the WHITE Proxy Card

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today sent a letter to shareholders clearly comparing the credentials of its experienced and highly-qualified director nominee, Elizabeth Tuppeny, to Comrit Investments 1, LP's (“Comrit”) inexperienced nominee, Sharon Stern. The letter includes a chart that powerfully demonstrates that the choice is clear: Elizabeth Tuppeny is the best candidate for election to the NYC Board of Directors. NYC strongly encou

NYC REIT Sends Letter to Shareholders Comparing Credentials of Board Candidates

New York City REIT, Inc. (NYSE:NYC ) Q1 2022 Earnings Conference Call May 13, 2022 11:00 AM ET Company Participants Louisa Quarto – Executive Vice President Michael Weil – Chief Executive Officer Chris Masterson – Chief Financial Officer Conference Call Participants Bryan Maher – B. Riley Securities Operator Good morning.

New York City REIT's (NYC) CEO Michael Weil on Q1 2022 Results - Earnings Call Transcript

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of -87.50% and 0.17%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT, Inc. (NYC) Reports Q1 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the first quarter ended March 31, 2022. First Quarter 2022 and Subsequent Event Highlights Revenue increased $0.5 million to $15.6 million from $15.2 million in the first quarter, 2021 Net loss attributable to

New York City REIT Announces First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) has sent a letter to shareholders outlining the Company's strong performance in 2021, which led to it being one of the top-performing REITs through the pandemic, and its continued momentum in 2022. In the letter, NYC discusses its strong leasing activity, successful navigation of the COVID-19 pandemic, and its proactive asset and property management throughout 2021. The efforts of the NYC management team an

NYC REIT Sends Letter to Shareholders Outlining Strong Performance in 2021 and Continuing Momentum In 2022

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today issued a comprehensive presentation that details the urgent case for change in NYC REIT's boardroom and summarizes the qualifications of its highly skilled and experienced nominee, Sharon Stern. As a reminder, Comrit is calling on stockholders to vote on the WHITE proxy card t

Comrit Investments Releases Presentation Detailing the Urgent Need for Change in New York City REIT's Boardroom

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) recently sent a letter to shareholders regarding the misleading and self-serving campaign initiated by activist Comrit Investments 1, LP. In the letter, NYC outlines the significant value created by the current Board of Directors (the “Board”) – with Elizabeth Tuppeny serving as Lead Independent Director. The letter also underscores Ms. Tuppeny's extensive real estate industry skills, leadership and experie

New York City REIT Sends Letter to Shareholders Regarding Comrit's Misleading and Self-Serving Campaign

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today sent a letter to shareholders outlining the many reasons why shareholders should re-elect the Company's Lead Independent Director, Elizabeth Tuppeny, to continue serving on the Board of Directors. In the letter, NYC details Ms. Tuppeny's extensive commercial real estate experience, significant REIT board service, and strong track record of delivering exceptional returns to NYC shareholders, as opposed

NYC REIT Sends Letter to Shareholders Outlining Reasons to Re-elect Elizabeth Tuppeny to Board

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today sent a letter to fellow stockholders regarding the urgent need for boardroom change at NYC REIT. Comrit urges stockholders to vote on the WHITE proxy card to elect Sharon Stern, our highly qualified and independent director candidate, at the Company's upcoming Annual Meeting o

Comrit Investments Issues Letter to New York City REIT Stockholders

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2022 on Friday, May 13, 2022 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, May 13, 2022, beginning at 11:00 a.m. ET, to discuss the first quarter results and provide commentary on business performance. The call will be conducted by NYC

New York City REIT Announces Release Date for First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC”) announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis. NYC anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common

New York City REIT, Inc. Announces Common Stock Dividend for Second Quarter 2022

New York City REIT, Inc. (NYC) CEO Edward Weil on Q4 2021 Results - Earnings Call Transcript

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of 1,425% and 50.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT, Inc. (NYC) Q4 FFO and Revenues Surpass Estimates

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Highlights and Subsequent Events Revenue increased to $24.2 million from $9.9 million in the fourth quarter 20201 Net loss attributable t

New York City REIT Announces Fourth Quarter and Full Year 2021 Results

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today announced that it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with the nomination of Sharon Stern, a highly qualified and independent candidate with significant real estate experience, for election to the Compa

Comrit Investments Files Preliminary Proxy Statement in Connection with New York City REIT's Annual Meeting

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the fourth quarter and full year ended December 31, 2021 on Thursday, March 17, 2022 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, March 17, 2022, beginning at 11:00 a.m. ET, to discuss the fourth quarter and full year results and provide commentary on business perfo

New York City REIT Announces Release Date for Fourth Quarter and Full Year 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced this morning that the Company's independent directors have acquired 24,852 shares of NYC Class A Common stock. NYC's independent directors personally purchased an aggregate of 19,660 NYC Class A shares since January 19, 2022. In addition, each NYC independent director made an election to receive stock in lieu of cash for board services rendered during the fourth quarter 2021, as permitted under NY

NYC Independent Directors Express Confidence in NYC With Share Purchases, Stock Election

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it collected 95% of the original cash rent due for the fourth quarter 2021 as of January 19, 2022. The Company also announced the signing of a five-year lease renewal with the New York Department of State for approximately 45,000 square feet at 123 William Street, totaling approximately $10.1 million in straight-line rent over the new lease term. “Fourth quarter rent collection was the

NYC Announces 95% Rent Collected in Fourth Quarter, 45,000 SF Lease Renewal With NY Department of State

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) published an investor presentation describing the Company's strong results and successful achievements during 2021. Highlights of these results include NYC investors benefited from an exceptional Total Return in 2021 of 37%, outperforming several peer and index benchmarks, including New York City office peers and the S&P 500 Index NYC outperformed the S&P 500 by over 6% NYC outperformed peer REITs w

NYC Publishes 2021 Year in Review Highlighting Proactive Asset Management, 37% Total Return1 and Continued Rent Collection Success

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today announced that it has issued the following letter to NYC REIT stockholders. Comrit recently nominated Sharon Stern, a highly qualified, independent director candidate with significant real estate investment experience, for election to the Company's Board of Directors at the 20

Comrit Investments Sends Letter to New York City REIT Stockholders Regarding the Urgent Need for Boardroom Change

New York City REIT, Inc. Announces Common Stock Dividend for First Quarter 2022

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) announced today that the entire ground floor of 8713 Fifth Avenue in Brooklyn, NY has been leased to Treasure Island, an operator of nursery schools and daycare centers with an almost 40-year history in the area. Treasure Island signed a 20-year lease that includes 1.5% annual rent increases and is expected to commence during the third quarter of 2022. “The long-term lease we signed with Treasure Island will provide much needed cla

NYC Signs Long-Term Lease With Treasure Island Preschool at Brooklyn Property

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE:NYC) launched its subsidiary, Innovate NYC, earlier this year at 1140 Ave of the Americas in Manhattan's Bryant Park submarket. Innovate NYC provides private office solutions, meeting rooms and individual workspaces with modern amenities and dedicated on-site staff to meet the needs of tenants and their guests. “Since its launch, Innovate NYC has been providing the comforts of a full-service office on bespoke terms to our clients, with o

News for New York City REIT Inc Stock (NYC)