American Strategic Investment Q2 FY26 net loss narrows to $8.3 million; revenue falls 40.14% to $7.32 million
NYC•Q2 FY26 results
- American Strategic Investment posted a net loss attributable to common stockholders of USD 8.3 million, narrowing from USD 41.7 million a year earlier.
- Revenue fell 40.14% to USD 7.3 million, primarily tied to last year’s disposition of 1140 Avenue of the Americas.
- Adjusted EBITDA, a non-GAAP metric, rose to USD 2.4 million from USD 381,000.
- Cash NOI, a non-GAAP metric, slipped 26.88% to USD 3.1 million; the portfolio was 74.8% leased with a 6.1-year weighted-average lease term.
Management commentary
CEO Nicholas Schorsch, Jr. said the company remains focused on completing remaining asset dispositions and directing capital to durable shareholder value opportunities.
