American Strategic Investment Q1 revenue falls after property sale

American Strategic Investment Co. Class A

American Strategic Investment Co. Class A

NYC

0.00


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$7.35 mln

Q1 EPS

-$3.04

Q1 Net Income

-$7.78 mln


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