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American Strategic Investment Co (American Strategic Investment Co) Gross Profit : $21.20 Mil (TTM As of Mar. 2024)


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What is American Strategic Investment Co Gross Profit?

American Strategic Investment Co's gross profit for the three months ended in Mar. 2024 was $5.20 Mil. American Strategic Investment Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $21.20 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. American Strategic Investment Co's gross profit for the three months ended in Mar. 2024 was $5.20 Mil. American Strategic Investment Co's Revenue for the three months ended in Mar. 2024 was $15.48 Mil. Therefore, American Strategic Investment Co's Gross Margin % for the quarter that ended in Mar. 2024 was 33.56%.

American Strategic Investment Co had a gross margin of 33.56% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 9 years, the highest Gross Margin % of American Strategic Investment Co was 57.27%. The lowest was 33.84%. And the median was 43.71%.

Warning Sign:

American Strategic Investment Co gross margin has been in long-term decline. The average rate of decline per year is -5.4%.


American Strategic Investment Co Gross Profit Historical Data

The historical data trend for American Strategic Investment Co's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Strategic Investment Co Gross Profit Chart

American Strategic Investment Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only 32.03 23.04 29.30 23.00 21.23

American Strategic Investment Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.23 5.44 5.34 5.22 5.20

Competitive Comparison of American Strategic Investment Co's Gross Profit

For the Real Estate Services subindustry, American Strategic Investment Co's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, American Strategic Investment Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where American Strategic Investment Co's Gross Profit falls into.



American Strategic Investment Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

American Strategic Investment Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=62.71 - 41.477
=21.23

American Strategic Investment Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=15.481 - 10.285
=5.20

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.20 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

American Strategic Investment Co's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=5.20 / 15.481
=33.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


American Strategic Investment Co  (NYSE:NYC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

American Strategic Investment Co had a gross margin of 33.56% for the quarter that ended in Mar. 2024 => Competition eroding margins


American Strategic Investment Co Gross Profit Related Terms

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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