American Strategic Investment Co   (NYC)
Other Ticker:  
Price: $7.0100 $-0.15 -2.095%
Day's High: $7.46 Week Perf: -0.71 %
Day's Low: $ 7.01 30 Day Perf: -8.72 %
Volume (M): 1 52 Wk High: $ 14.75
Volume (M$): $ 5 52 Wk Avg: $8.18
Open: $7.46 52 Wk Low: $6.15

 Market Capitalization (Millions $) 16
 Shares Outstanding (Millions) 2
 Employees -
 Revenues (TTM) (Millions $) 64
 Net Income (TTM) (Millions $) -43
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 6

American Strategic Investment Co
American Strategic Investment Co is a financial services company based in the United States. It engages in the management and investment of assets in various sectors, including real estate, technology, energy, and healthcare. The company focuses on providing strategic and long-term investment solutions to its clients, aiming to generate sustainable returns. It employs a team of experienced professionals who analyze market trends and opportunities to make informed investment decisions. American Strategic Investment Co aims to create value and foster growth by aligning its investments with the goals and objectives of its clients.

   Company Address: 222 Bellevue Ave. Newport 2840 RI
   Company Phone Number: 415-6500   Stock Exchange / Ticker: NYSE NYC
   NYC is expected to report next financial results on March 15, 2024.


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Business Update

American Strategic Investment Co. Revitalizes Board of Directors Amid Revenue Challenges

Published Fri, Dec 29 2023 9:30 PM UTC

American Strategic Investment Co. (ASIC) has recently witnessed significant changes within its Board of Directors, with longtime member Abby Wenzel announcing her resignation and Nicholas Radesca joining as an independent director. These developments come at a crucial time for the company as it faces a decline in revenue, with a year-on-year decrease of -2.77% offset by a se...

American Strategic Investment Co

Headline: American Strategic Investment Co Faces Unexpected Loss Despite Revenue Surge in Q3 2023

American Strategic Investment Co (ASIC), a real estate investment trust (REIT) that owns a portfolio of commercial properties in New York City, has recently released its financial and operating results for the third quarter of 2023. The report showcases a slight increase in revenue and a significant decline in losses compared to the previous year. However, given the recent stock performance and market conditions, it is crucial to analyze how these results could shape the company's future.
1. Revenue Growth and Lease Expansions:
In the Q3 2023 report, ASIC reported quarterly revenue of $16.0 million, indicating a marginal increase of 0.521% compared to the same quarter in 2022. This growth can primarily be attributed to new leases and an expanded customer base. Additionally, the company's revenue rose by 1.476% compared to the previous quarter, demonstrating consistent performance quarter over quarter.

Stock Transactions

American Strategic Investment Co.: Navigating the Impact of Bellevue Capital Partners' Tender Offer

Published Tue, Oct 10 2023 10:15 AM UTC

American Strategic Investment Co. (ASIC) has recently responded to Bellevue Capital Partners, LLC's (Bellevue) tender offer to purchase up to 350,000 shares of the Company's Class A common stock at a price of $10.25 per share. In a press release, ASIC announced that it has filed a Solicitation/Recommendation Statement on Schedule 14D-9 and a Letter to Stockholders ...

American Strategic Investment Co

American Strategic Investment Co Defies Odds, Rebounds with Solid Q2 Earnings Growth

The stock market is an ever-changing landscape that constantly presents us with opportunities for growth and wealth. It is a place where companies thrive and investors flourish. Amidst the ups and downs, there are always stories of resilience and progress that remind us of the potential that lies within the market.
The second quarter of the 2023 earnings season presented some challenges for businesses, leading to diminishing returns for some. However, amidst the adversity, companies like American Strategic Investment Co stood strong and began to turn the tide. While revenue diminished by -2.766% to $15.78 million, it is important to note that this still represents a significant improvement from the prior reporting season. In fact, revenue surged by 1.596% compared to a year ago, reaching $15.53 million. This indicates that American Strategic Investment Co is making strides in the right direction.
Even more impressive is the improvement in earnings per share (EPS). In the second quarter of 2023, the company achieved an EPS of -$4.77, a significant improvement from the -$5.77 per share reported in the prior reporting season. This demonstrates the company's commitment to enhancing its financial performance and delivering value to its shareholders.

American Strategic Investment Co

American Strategic Investment Co Faces Alarming Deficit Due to Declining Orders in Q1 2023

Declining Orders Cause Deficit for American Strategic Investment Co in Q1 2023
American Strategic Investment Co (ASIC) has reported a deficit in the first financial reporting period of January to March 31, 2023, due to declining orders. Revenue sunk by -0.716% to $15.53 million, and the deficit per share was $-5.77, a stark contrast to the $-0.84 per share achieved in the previous year.
The surge in the deficit from $-5.48 per share and a decrease in revenue by -4.087% from $16.20 million from the previous financial reporting period is a major cause of concern for investors. ASIC realized a net deficit of $-11.758 million, which was worse than $-11.105 million from a year ago, highlighting the company's struggling financial situation.


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