American Strategic (NYC) Sales Drop 23%
American Strategic Investment Co. (NYSE:NYC), a real estate company focused on New York City commercial properties, published its second quarter results on August 8, 2025. The headline result was another sizable net loss, though the GAAP loss per share was cut in half from the prior year. Revenue (GAAP) fell to $12.2 million from $15.8 million, a decline attributed to the sale of a major asset, 9 Times Square. Adjusted EBITDA, which strips out non-cash and one-time items, plunged more than 90% year-over-year. Since there were no analyst estimates available for the quarter, results are best measured against the company’s prior year period and internal targets. Despite a few signs of operational progress, the quarter highlighted the continued strain on profitability and cash generation.
American Strategic Investment Co. manages a portfolio of New York City office properties. As of Q2 2025, its holdings include six properties totaling 1.0 million square feet of rentable space. Its tenant mix is diverse, with exposure to financial services, government entities, retail, non-profits, and other industries.
Recently, the company shifted its strategy by converting from a real estate investment trust (REIT) to a taxable C corporation. This change allows it greater flexibility to branch out beyond traditional commercial real estate investments and target new property types, such as hospitality or residential assets. The company is also pursuing portfolio diversification and aims to recycle capital from asset sales into different, potentially higher-yielding properties. Success now depends on effective property management, tenant retention, high occupancy, and prudent financial controls.
Source Fool.com
