American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Q4 2017 Earnings Presentation
11 slides from American Strategic Investment's earnings presentation, Apr 4, 2018
Slide 1: American Realty Capital New York City REIT 4th Quarter 2017 Investor Presentation
AMERICAN REALTY CAPITAL NEW YORK CITY REIT 4 th Quarter 2017 Investor Presentation
Slide 2: Important Information
2 Important Information Risk Factors For a discussion of the risks which should be considered in connection with our company, see the section entitled “Item 1 A . Risk Factors” in American Realty Capital New York City REIT, Inc . ’s (the “Company” or “NYCR”) Annual Report on Form 10 - K filed with t
Slide 3: Q4 2017 Highlights
3 Q4 2017 Highlights ▪ Portfolio occupancy increased from 87.1% in Q3 2017 to 88.3% in Q4 2017 ▪ NYCR entered into one new lease with Knotel on a full floor at 123 William Street totaling approximately 23,429 square feet ▪ The new lease was signed in Q4 2017, and is expected to become effective in 2
Slide 4: Market Trends
4 New York City Market Trends (1) Source: Bureau of Labor Statistics. (2) Source: Cushman & Wakefield Research, Marketbeat Manhattan Office Q4 2017 (3) Source: New York City Department of City Planning Manhattan Overall Net Absorption/Asking Rents (2) NYC population is forecasted to reach 8.8mm peop
Slide 5: Key Initiatives
5 Key Initiatives (1) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs per 12/31/17 b alance sheet ▪ NYCR’s management team is continuing to execute its strategy to: ▪ Strategically market vacancy to increase occupancy levels ▪ Maintain
Slide 6: Portfolio Overview
6 Portfolio Overview (1) Calculated as weighted average (based on annualized straight - line rental income) as of 12/31/2017. (2) Mortgage notes payable, gross as of 12/31/2017. ▪ 6 properties consisting of 1,085,084 square feet ▪ 88.3% occupancy as of 12/31/2017 ▪ Weighted average remaining lease t
Slide 7: Balance Sheet Summary
7 Balance Sheet Summary $ amounts in 000’s (1) Other Assets includes accumulated depreciation partially offset by, among other items, restricted cash in Q4 of $7.6M (2) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs as of 12/31/ 20 17
Slide 8: Management Team
8 Management Team Katie Kurtz Chief Financial Officer and Treasurer ▪ Previously served as chief accounting officer at Carlyle GMS Finance, Inc., The Carlyle Group’s business development company, Director of Finance and Controller for New Mountain Finance Corporation, and Controller at Solar Capital
Slide 9: Supplemental Information
9 Supplemental Information ▪ The suspension of distributions the Company pays to holders of common stock is effective as of March 1 , 2018 . ▪ The Board has suspended distributions to enhance the Company’s ability to execute on acquisitions, repositioning and leasing efforts related to the six prope
Slide 10: Risk Factors
10 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 1 A . Risk Factors” in the Company’s Annual Repor
Slide 11: NewYorkCityREIT.com
11 NewYorkCityREIT.com ▪ 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 at www.dstvision.com ▪ Shareholders may access their accounts at www.ar - global.com
American Realty Capital New York City REIT — Q4 2017 Earnings Presentation on 6ix