American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — Q1 2025 Earnings Presentation
20 slides from American Strategic Investment's earnings presentation, May 9, 2025
Slide 1: American Strategic Investment Co. First Quarter Investor Presentation
AMERICAN STRATEGIC INVESTMENT CO. First Quarter Investor Presentation 0 196 Orchard Street Retail Condominium - New York, NY_
Slide 2: First Quarter 2025 Highlights
First Quarter 2025 Highlights Manhattan focused real estate portfolio features an underlying tenant base in core commercial businesses, and an attractive top 10 tenant base that is 77% Investment Grade(1)(2) High Quality Manhattan Focused Portfolio ✓ Portfolio Occupancy(1) of 82.0% with a weighted-a
Slide 3: Strategic Dispositions
Strategic Dispositions Completed the sale 9 Times Square in Q4’24 and continued the marketing efforts for the sale of 123 William Street and 196 Orchard Street Highlights ✓ Completed the sale of 9 Times Square during Q4’24 for $63.5M ✓ Reduced leverage and strengthened the Company’s cash position ✓
Slide 4: First Quarter 2025 Portfolio Highlights
First Quarter 2025 Portfolio Highlights Portfolio of real estate investments featuring a diverse tenant mix across six mixed-use office and retail condominium buildings that are primarily located in Manhattan Portfolio Metrics Top 10 Tenants’ Credit Ratings(1) Metric ($ and SF in mm) Q1’25 Real Esta
Slide 5: Real Estate Portfolio Highlights
Real Estate Portfolio Highlights 4
Slide 6: Detailed Property Summary
Detailed Property Summary Diversified portfolio across six mixed-use office and retail assets that are primarily located in Manhattan with close proximity to major transportation hubs % of Real Estate Remaining % of Annualized Property Assets(1) Occupancy Lease Term(2) Portfolio Straight-Line ($ mm)
Slide 7: Top 10 Tenant Investment Grade Profile
Top 10 Tenant Investment Grade Profile Top 10 tenants(1) feature a balance of Investment Grade corporate tenants with core commercial businesses and government agencies Remaining Lease % of % of Space Tenant Credit Tenant Term Portfolio Portfolio Type Industry Rating(2) (in years) SLR SF City Nation
Slide 8: Active Portfolio Management
Active Portfolio Management Active portfolio management drives new leasing, in conjunction with strategic disposition initiatives to manage capital structure Portfolio Management Highlights ✓ Completed one new lease at 123 William Street in Q1’25 totaling 11,521 SF and $0.1 million of SLR(1) ✓ Close
Slide 9: Financial Highlights
Financial Highlights 8
Slide 10: Capital Structure and Q1'25 Financial Results
Capital Structure and Q1’25 Financial Results Debt capital structure features limited near term debt maturities, 100% fixed-rate debt at a 4.4% weighted-average interest rate and Net Leverage(2) of 57.9% Key Capitalization Metrics ($ and shares in mm) Q1’25 100% fixed-rate Debt Maturity Schedule No
Slide 11: Key Capitalization Metrics
Key Capitalization Metrics Capital structure features limited near-term debt maturities, 100% fixed-rate debt and Net Leverage of 57.7%(1) Capital Structure Highlights 100% ASIC’s capital structure is composed of entirely fixed-rate mortgage debt, limiting Fixed-Rate adverse effects from rising inte
Slide 12: Management and Board of Directors
Management and Board of Directors 11
Slide 13: Experienced Management Team
Experienced Management Team Nicholas Schorsch, Jr. Chief Executive Officer ▪ Served as Chief Executive Officer since March 2025 ▪ Also serves as the Chief Operating Officer of AR Global Investments since 2015 ▪ Previously served as President of G&P Acquisition Corp, Executive Vice President at Ameri
Slide 14: Board of Directors
Board of Directors Michael Weil | Director and Executive Chairman ▪ Founding partner of AR Global and former Chief Executive Officer of ASIC Strong Corporate Governance ▪ Currently serves as CEO and Chairman of Global Net Lease (NYSE:GNL) ▪ Mr. Weil previously served as Executive Vice President of A
Slide 15: Appendix
Appendix 14
Slide 16: Definitions
Definitions Adjusted EBITDA: We define Adjusted EBITDA as EBITDA, as defined below, further excluding (i) impairment charges, (ii) interest income and other income or expense, (iii) gains or losses on debt extinguishment, (iv) equity-based compensation expense, (v) acquisition and transaction costs,
Slide 17: Reconciliation of Non-GAAP Metrics: Cash NOI
Reconciliation of Non-GAAP Metrics: Cash NOI Cash Net Operating Income (Cash NOI) Reconciliation Schedule For the Three Months Ended (in thousands) March 31, 2025 March 31, 2024 Net Loss (in accordance with GAAP) $ (8,592) $ (7,608) Depreciation & Amortization 3,591 5,261 Interest Expense 4,083 4,69
Slide 18: Legal Notices
Legal Notices 17
Slide 19: Important Additional Information and Where to Find It
Important Additional Information and Where to Find It References in this presentation to the “Company,” “we,” “us” and “our” refer to American Strategic Investment Co. (“ASIC”) and its consolidated subsidiaries. This presentation contains estimates and information concerning the Company's industry t
Slide 20: Forward Looking Statements
Forward Looking Statements This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any securities of American Strategic Investment Co. (“We” or the “Company”). Any offer or sale of securities will be made only by means of a prospectus and related documentatio
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