American Strategic Investment (NYC) investor relations material

Executive summary

• Portfolio consisted of five properties totaling 0.7 million rentable sq. ft. as of June 30, 2026, with 74.8% occupancy, excluding one property in consensual foreclosure.

• Net loss for Q2 2026 was $8.3M, a significant improvement from $41.7M in Q2 2025, mainly due to the absence of large impairment charges and the disposition of a property.

• Revenue for Q2 2026 was $7.3M, down from $12.2M year-over-year, mainly due to the loss of rental income from the foreclosed property.

• Adjusted EBITDA rose to $2.4M from $0.4M year-over-year, reflecting operational improvements.

• The company is prioritizing capital allocation, asset dispositions, and enhancing shareholder value amid ongoing liquidity constraints.

Financial highlights

• Q2 2026 revenue from tenants: $7.3M, down from $12.2M in Q2 2025.

• Net loss per share: $(3.04) for Q2 2026, improved from $(16.39) in Q2 2025.

• Six-month revenue from tenants: $14.7M (2026) vs. $24.5M (2025).

• Six-month net loss: $16.1M (2026) vs. $50.3M (2025).

• Cash and cash equivalents as of June 30, 2026: $2.4M; restricted cash: $5.5M.

Outlook and guidance

• Management expects continued challenges in the NYC office market, with slow recovery in leasing and occupancy.

• Focus remains on increasing occupancy, executing new leases, and managing liquidity through asset sales and refinancing.

• The company has returned to compliance with NYSE listing requirements and will be subject to ongoing monitoring.