American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Q2 2017 Earnings Presentation
16 slides from American Strategic Investment's earnings presentation, 2017
Slide 1: 2nd Quarter 2017 Investor Presentation
AMERICAN REALTY CAPITAL NEW YORK CITY REIT 2nd Quarter 2017 Investor Presentation
Slide 2: Important Information
Important Information Risk Factors For a discussion of the risks which should be considered in connection with our company, see the section entitled “Item 1A. Risk Factors” in American Realty Capital New York City REIT, Inc.’s (the “Company”) Annual Report on Form 10-K filed with the U.S. Securities
Slide 3: Investment Thesis
Investment Thesis Focused on acquiring New York City commercial real estate 3 Primary objectives*: - Preserve and protect capital - Pay monthly stable cash distributions; and - Increase the value of assets in order to generate capital appreciation. The targeted period for a liquidity event is
Slide 4: New York City Market Trends
New York City Market Trends (3) NYC Employment Trends(1) Millions NYC Population at Record High Jobs in 000's 9.50 4,600 9.00 4,341 4,378 8.50 4,400 4,255 8.82 4,130 8.00 8.55 4,200 8.18 3,999 7.50 8.01 4,000 3,905 7.00 3,761 3,812 3,712 3,730 3,818 7.07 7.32 3,800 3,684 6.50 3,600 6.00 5.50 3,400 5
Slide 5: Q2 2017 Highlights
Q2 2017 Highlights Occupancy was down slightly from 86.7% in Q1 2017 to 85.5% in Q2 2017 Leverage remains low at ~31% debt / cost (1) The $96 million mortgage loan at 123 William was refinanced with a new $140 million mortgage loan on March 6, 2017 (2) Published estimated NAV of $21.25 per s
Slide 6: Portfolio Snapshot
Portfolio Snapshot 6 properties consisting of 1,091,571 square feet 85.5% occupancy as of 6/30/2017 Weighted average remaining lease term of 6.2 years (1) ($ amounts in thousands) Re maining Acquisition Numbe r of Re ntable O ccupancy Portfolio Le ase Te rm De bt Date Prope rtie s Square Fe e
Slide 7: Portfolio Snapshot: Strong balance sheet
Portfolio Snapshot Strong balance sheet Low leverage (~31% debt/cost ratio)(3) $ amounts in 000’s Q1 2017 Q2 2017 Total Real Estate Investments (at cost) $746,512 $748,107 Cash and cash equivalents (1) 49,550 43,538 (2) Other Assets 3,384 (5,271) ~$25mm of restricted Total Assets $799,436 $786,3
Slide 8: Key Initiatives
Key Initiatives Finish deployment of capital Debt/cost ratio remains low at ~31% (1) providing room for additional leverage and portfolio growth Management has the ability to complete additional acquisitions using existing cash and additional leverage Target leverage for pro forma portfolio
Slide 9: 9 Times Square
9 Times Square 21-story, 166,640 square foot property located just one block south of the Times Square bow tie submarket, which benefits from unrivaled foot traffic in New York City. Subsequent to the acquisition of 9 Times Square in November 2014, NYCR allowed leases to expire and terminate as
Slide 10: 123 William Street
123 William Street 27-story, 542,676 square foot property with a diversified tenant base of government, education, technology, media and advertising companies. Substantial recent capital improvements have been made to the property including a new full-height glass entrance and upgrades to the lo
Slide 11: 1140 Avenue of the Americas
1140 Avenue of the Americas 22-story, 249,703 square foot, Class-A institutional quality office building located in the heart of the Bryant Park submarket and is, as of June 30, 2017, presently 81% occupied by high quality tenants. Located two blocks from Bryant Park and within seven blocks of M
Slide 12: Management Team
Management Team Michael Weil Chief Executive Officer, President and Chairman of the Board of Directors Founding partner of AR Global Supervised the origination of investment opportunities for all AR Global-sponsored investment programs Previously served as Senior VP of sales and leasing for Am
Slide 13: Consistent Distributions
Consistent Distributions Since Inception, American Realty Capital New York City REIT, Inc. $4.61 per share has paid out $4.61 per share of regular distributions in cash and (cumulative) (1) distributions reinvested in the DRIP. $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $- (1) Total
Slide 14: Risk Factors
Risk Factors There are risks associated with an investment in our Company. The following is a summary of some of these risks. For a discussion of the risks which should be considered in connection with our Company, see the section entitled “Item 1A. Risk Factors” in the Company’s Annual Report on Fo
Slide 15: Risk Factors (Continued)
Risk Factors (Continued) Because investment opportunities that are suitable for us may also be suitable for other AR Global-advised programs or investors, our Advisor and its affiliates may face conflicts of interest relating to the purchase of properties and other investments and such conflicts m
Slide 16: For account information, please call us
For account information, including balances and the status of submitted paperwork, please call us at (866) 902-0063 Financial Advisors may view client accounts, statements and tax forms NewYorkCityREIT.com at www.dstvision.com Shareholders may access their accounts at www.ar-global.com 16
American Realty Capital New York City REIT — Q2 2017 Earnings Presentation on 6ix