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

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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.

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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”) announced today that it intends to expand the scope of the assets and businesses the Company may own and operate. By investing in other asset types, the Company may generate income that does not otherwise constitute income that qualifies for purposes of qualifying as a Real Estate Investment Trust or (“REIT”). As a result, the Company expects to change its REIT election and become a taxable C corporation. The election if and when made, would be effective as of January 1, 2023.

NYC Announces Business Strategy Change and Plan to Declare a Common Stock Reverse Stock Split

New York City REIT, Inc. (NYSE:NYC ) Q3 2022 Earnings Conference Call November 15, 2022 11:00 AM ET Company Participants Curtis Parker - SVP Michael Weil - CEO Chris Masterson - CFO Conference Call Participants Bryan Maher - B. Riley Securities FBR Operator Good morning.

New York City REIT, Inc. (NYC) Q3 2022 Earnings Call Transcript

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of -180% and 0.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT, Inc. (NYC) Reports Q3 Loss, Lags 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 third quarter ended September 30, 2022.

New York City REIT Announces Third Quarter 2022 Results

The REIT's conviction on office properties could be a significant cause for concern. Although the fund's debt gearing is well arranged. Its core funds from operations are receding.

New York City REIT: A Dangerous Dip To Buy

Necessity Retail REIT

Equity real estate investment trusts (REITs) have outperformed mortgage REITs, as mortgage real estate investment trusts have posted annualized returns of 8.2% over the past 10 years.

2 Equity REITs Touting Double-Digit Yields To Fight Inflation

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 third quarter ended September 30, 2022 on Thursday, November 10, 2022 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, November 10, 2022, beginning at 11:00 a.m. ET, to discuss the third quarter results and provide commentary on business performance. The call will b

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

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced this morning that the Company's advisor and its affiliates have acquired 784,105 shares of NYC Class A common stock in the aggregate. Specifically, affiliates of NYC's advisor purchased an aggregate of 632,911 NYC Class A shares on September 2, 2022. In addition, NYC's advisor made an election to receive stock in lieu of cash for its advisor services. As of September 2, 2022, NYC's advisor and its

NYC Advisor and Its Affiliates Express Confidence in NYC REIT With $2.5 Million Share Purchase, Stock Election

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has executed a new lease with an existing subtenant to retain and expand their current office space at 1140 Avenue of the Americas in NYC's pure-play New York City portfolio. The lease with Edgewood Partners Insurance Center (“EPIC”) expands their presence at 1140 Avenue of the Americas and features 10.5 years of lease term. “We are pleased to complete this lease with EPIC, a high-qu

NYC Announces New 20,000 Square Foot Lease

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The REIT sector has achieved gains in only 2 of the first 7 months of 2022, including a +9.74% total return in July. Small cap (+11.68%) and mid cap (+9.09%) REITs had the greatest total returns, while large caps (+8.72%) and micro caps (+6.73%) saw more modest gains in July.

The State Of REITs: August 2022 Edition

New York City REIT, Inc. (NYSE:NYC ) Q2 2022 Earnings Conference Call August 12, 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, and welcome to the New York City REIT Second Quarter Earnings Call.

New York City REIT, Inc. (NYC) CEO Michael Weil on Q2 2022 Results - Earnings Call Transcript

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of -83.33% and 1.44%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT, Inc. (NYC) Reports Q2 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 second quarter ended June 30, 2022. Second Quarter 2022 and Subsequent Event Highlights Revenue increased to $16.2 million from $15.0 million in the second quarter 2021 Net loss attributable to common stock

New York City REIT Announces Second Quarter 2022 Results

NYC's price plummeted after it suspended dividend payments. In my opinion, management earns an F in shareholder relations for refusing to respond to shareholder questions.

New York City REIT: Undervalued REIT Survives Proxy Fight, Suspends Dividend

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 second quarter ended June 30, 2022 on Friday, August 12, 2022 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, August 12, 2022, beginning at 11:00 a.m. ET, to discuss the second quarter results and provide commentary on business performance. The call will be conducted

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

Shares of New York City REIT Inc. NYC, -1.74% slid 1.7% in afternoon trading Friday, after the real estate investment trust that owns a portfolio of commercial real estate in New York, said it was "temporarily suspending" its dividend to help fund upfront costs of leasing commitments and tenant improvements. The REIT last paid a quarterly dividend of 10 cents a share in April.

NYC REIT stock drops after dividend suspended to help fund leasing commitment, tenant improvement costs

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that ongoing strong leasing activity has grown its pure-play New York City portfolio occupancy by 4% since the beginning of the year, to over 87% as of June 30, 20221, and that portfolio weighted-average remaining lease term has increased to 7.2 years as of the same date. The Company also announced that as it continues to proactively increase occupancy at its properties, its board of directo

NYC Announces Portfolio Occupancy Grows to Over 87%1, Temporary Suspension of Cash Dividend to Generate Additional Working Capital to Help Fund Upfront Leasing Commissions and Tenant Improvements Among Other Uses

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has executed one new lease and three lease renewals in its pure-play New York City portfolio. A new, 4,700 square foot lease with a five-year term was signed at 9 Times Square, replacing former Knotel space. In addition, NYC executed three long-term renewals: two fifteen-year leases with entities controlled by City Parking for the parking garages the Company owns at 200 Riverside and

NYC Announces 140,000 Square Feet of New and Renewed Leases

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it has earned the WELL Health-Safety Rating for its properties at 9 Times Square, 1140 Avenue of the Americas and 123 William Street through the International WELL Building Institute (IWBI). The WELL Health-Safety Rating is an evidence-based, third-party verified rating for all new and existing building and space types focusing on operational policies, maintenance protocols, stakeholder enga

NYC Announces Achievement of the WELL Health-Safety Rating for 9 Times Square, 1140 Avenue of the Americas and 123 William Street

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that the voting results of its 2022 Annual Meeting of Stockholders have been confirmed by the Independent Inspector of Elections and that Elizabeth Tuppeny has been decisively re-elected to the Company's Board of Directors (the “Board”). Ms. Tuppeny will continue to serve as NYC's Lead Independent Director, a role she has held since 2014. Michael Weil, Chairman and CEO of NYC, said, “We are

New York City REIT Announces Confirmed Voting Results of 2022 Annual Meeting

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that, based on a preliminary vote count by its proxy solicitor, Elizabeth Tuppeny has been decisively re-elected to the Company's Board of Directors. Michael Weil, Chairman and CEO of NYC, said, “We are very pleased that our shareholders have re-elected Elizabeth Tuppeny to the Board. Elizabeth has been an outstanding director, and her substantial experience and expertise will continue to he

New York City REIT Announces Re-Election of Elizabeth Tuppeny to Board of Directors

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 Glass, Lewis & Co., LLC relating to the director election at the Company's Annual Meeting on May 31, 2022. Michael Weil, Chairman and CEO of NYC, said, “This election is about one thing: choosing the best qualified person to serve on the NYC Board. There is no question that person is Elizabeth Tuppeny, who has served NYC shareholde

NYC REIT Comments on Glass Lewis 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 Glass, Lewis & Co., LLC (“Glass Lewis”), a leading proxy advisory firm, has endorsed Comrit's case for meaningful change at NYC REIT and recommends stockholders vote to elect Sharon Stern to the Board of Directors (the "Board"). The recommendation from Glass

Glass Lewis 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 urging shareholders to act quickly to vote the Gold card “FOR” the reelection of Elizabeth Tuppeny at the Company's May 31, 2022 Annual Meeting, which will protect the value their investment and help NYC continue its strong performance. In the letter, NYC reiterates the exceptional value created by the current Board of Directors with Elizabeth Tuppeny serving as Lead Independent Director

NYC REIT Sends Letter Urging Shareholders to Vote for Company's Incumbent Director Nominee as Annual Meeting Approaches

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has signed two non-binding LOIs for new leases with tenants at 9 Times Square. The LOI's total over 13,500 square feet and $650,000 of annual base rent with a weighted-average lease term of 3.7 years. “We continue to build leasing momentum across our portfolio,” said Michael Weil, CEO of NYC. “The new tenants at 9 Times Square will increase occupancy at the building by 8%, from 62% t

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