Q4 2025 American Strategic Investment Co Earnings Call Transcript
Key Points
- American Strategic Investment Co (NYC) executed 13 new and replacement leases totaling 117,000 square feet, focusing on resilient industries.
- The portfolio had an occupancy rate of 80.3% with a weighted average remaining lease term of 6.1 years as of December 31, 2025.
- The company completed the disposition of the 1140 Avenue of the Americas office property, recognizing a gain of $46.6 million.
- 57% of leases now extend beyond 2030, providing significant portfolio stability.
- All debt is fixed rate or swapped to fixed rate, with a weighted average effective interest rate of 4.5%.
- Revenue for the year ended December 31, 2025, was $43.3 million, a decrease from $61.6 million in 2024.
- The company's full-year GAAP net loss attributable to common stockholders was $21.2 million.
- Revenue for the fourth quarter of 2025 was $6.5 million, down from $14.9 million in the fourth quarter of 2024.
- The weighted average remaining debt term is only 1.5 years, indicating potential refinancing needs in the near future.
- Net loss for the quarter was $6.7 million, consistent with the loss recorded in the fourth quarter of 2024, showing no improvement.
Good morning and welcome to the American Strategic Investment Company's fourth quarter and year end 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
I would now like to turn the conference over to Curtis Parker, Senior Vice President. Please go ahead.
Thank you, operator. Good morning, everyone, and thank you for joining us for ASIC's fourth quarter and year end earnings call. This event is also being webcast in the Investor Relations section of our website. Joining me today on the call to discuss this quarter's results are Nicholas Schorsch Jr., American Strategic Investment Company's Chief Executive Officer; and Mike LeSanto, the Chief Financial Officer.
The following information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Please review the forward-looking and cautionary statements section at the end of our fourth
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