)

American Strategic Investment (NYC) investor relations material
American Strategic Investment Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Portfolio consists of six Manhattan office and retail properties totaling 1.0 million rentable square feet, with 82% occupancy as of June 30, 2025, and a weighted-average remaining lease term of 6.0 years, supported by lease renewals.
Top 10 tenants are 77% investment grade or implied investment grade, with a 7.5-year average remaining lease term.
Management is focused on tenant retention, cost efficiency, and active marketing of select properties for sale to unlock capital and reduce debt.
The company faces challenges from the post-pandemic office market, with leasing activity pressured and new leases signed at lower rates.
Two mortgages totaling $149.0 million are in default, with foreclosure litigation initiated on 1140 Avenue of the Americas.
Financial highlights
Q2 2025 revenue was $12.2 million, down from $15.8 million in Q2 2024, mainly due to the sale of 9 Times Square.
Net loss attributable to common stockholders was $41.7 million, compared to $91.9 million in Q2 2024, with impairment charges of $30.6 million in Q2 2025.
Adjusted EBITDA was $0.4 million, down from $4.5 million in Q2 2024.
Cash net operating income was $4.2 million, compared to $7.4 million in Q2 2024.
Interest expense increased to $7.9 million in Q2 2025, mainly due to default interest on loans.
Outlook and guidance
Management plans to use proceeds from property sales to retire debt and reinvest in higher-yielding, diversified assets, including outside Manhattan.
Operating expenses and capital requirements for the next 12 months are expected to be funded by cash on hand, operations, and other sources.
Management expects continued liquidity constraints and is implementing plans to pay related party fees in shares and sell a performing asset within 12 months.
Capital expenditures for 2025 are expected to be lower than 2024, but may change as needed.
Cash rent collections remain high at 98% for the six months ended June 30, 2025, but future collections are uncertain.
Next American Strategic Investment earnings date

Next American Strategic Investment earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage