What is American Strategic Investment Co Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, American Strategic Investment Co's Probability of Financial Distress (%) is 0.51%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of American Strategic Investment Co's Probability of Financial Distress (%)
For the Real Estate Services subindustry, American Strategic Investment Co's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
American Strategic Investment Co's Probability of Financial Distress (%) Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, American Strategic Investment Co's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where American Strategic Investment Co's Probability of Financial Distress (%) falls into.
American Strategic Investment Co Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -5.27 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.51% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
American Strategic Investment Co (American Strategic Investment Co) Business Description
Traded in Other Exchanges
N/A
Address
650 Fifth Avenue, 30th Floor, New York, NY, USA, 10019
American Strategic Investment Co is an externally managed company that currently owns a portfolio of commercial real estate located within the five boroughs of New York City, majorly Manhattan. The Company's real estate assets consist of office properties and certain real estate assets that accompany office properties, including retail spaces and amenities.
Executives
| Nicholas S Schorsch |
10 percent owner |
|
| Joseph Marnikovic |
officer: Chief Financial Officer |
650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
| Michael Ray Anderson |
officer: Chief Executive Officer |
650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
| Elizabeth K. Tuppeny |
director |
C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022 |
| Louis P. Dipalma |
director |
650 FIFTH AVENUE, 30TH FLOOR, NEW YORK NY 10019 |
| Christopher J. Masterson |
officer: CFO and Treasurer |
405 PARK AVE, NEW YORK NY 10022 |
| Bellevue Capital Partners, Llc |
10 percent owner |
222 BELLEVUE AVENUE, NEWPORT RI 02840 |
| New York City Special Ltd. Partnership, Llc |
10 percent owner |
222 BELLEVUE AVENUE, NEWPORT RI 02840 |
| New York City Advisors, Llc |
10 percent owner |
222 BELLEVUE AVENUE, NEWPORT RI 02840 |
| Ar Global Investments, Llc |
10 percent owner |
222 BELLEVUE AVENUE, NEWPORT RI 02840 |
| American Realty Capital Iii, Llc |
10 percent owner |
222 BELLEVUE AVENUE, NEWPORT RI 02840 |
| Lee M Elman |
director |
405 PARK AVENUE, NEW YORK NY 10022 |
| Abby M. Wenzel |
director |
C/O AMERICAN REALTY CAPITAL PROPERTIES, 405 PARK AVENUE, NEW YORK NY 10022 |
| Weil Edward M Jr. |
director, officer: CEO, President and Secretary |
C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022 |
| Katie P Kurtz |
officer: CFO and Treasurer |
405 PARK AVENUE, THIRD FLOOR, NEW YORK NY 10022 |
American Strategic Investment Co (American Strategic Investment Co) Headlines
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