American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Q2 2019 Earnings Presentation
13 slides from American Strategic Investment's earnings presentation, 2019
Slide 1: NEW YORK CITY REIT 2nd Quarter 2019 Investor Presentation
NEW YORK CITY REIT 2nd Quarter 2019 Investor Presentation
Slide 2: NYCR Highlights
NYCR Highlights New York City REIT improved portfolio occupancy to approximately 95% ✓ Increased portfolio occupancy from 89.8% to 94.7% year-over-year ✓ 9 Times Square lease-up has been extremely successful with occupancy materially increasing from 74.4% in Q2 2018 to 92.3% in Q2 2019 ✓ Includes co
Slide 3: Q2 2019 Leasing Activity
Q2 2019 Leasing Activity 6/30/2018 6/30/2019 Occupied SF Increased Property Rentable SF Occupancy Occupancy Increase / (Decrease) Occupancy 123 William Street 543k SF 95% 98% 16k SF ✓ 1140 Avenue of the Americas 242k SF 89% 91% 6k SF ✓ 9 Times Square 167k SF 74% 92% 30k SF ✓ Other Properties (3 Prop
Slide 4: Key Initiatives
Key Initiatives NYCR Continues to Execute its Investment Strategy ▪ NYCR’s management team continues to focus on its strategic objectives: ▪ Emphasis on leasing activity, including both new leases and renewal activity to drive occupancy ▪ Maintain an efficient capital structure ▪ Pursue selective ac
Slide 5: New York City Market Trends
New York City Market Trends NYCR continues to be bullish on the long-term fundamentals in the New York City real estate market, particularly in the Manhattan office market Millions NYC Population at Record High(3) NYC Employment Trends (1) Jobs in 000's 9.50 9.00 4,525 4,629 8.50 8.8 5,000 4,130 4,2
Slide 6: Portfolio Overview (as of June 30, 2019)
Portfolio Overview (as of June 30, 2019) NYCR’s portfolio of $777 million of real estate investments at cost is distributed across seven mixed-use office and retail condominium buildings located in New York City ▪ Seven properties consisting of 1.1 million square feet(1) ▪ Portfolio occupancy of 94.
Slide 7: Balance Sheet and Distribution Update
Balance Sheet and Distribution Update NYCR maintains a conservative balance sheet with net leverage of 33%(2) $ amounts in 000’s Consolidated Balance Sheets Q2 2019 Q1 2019 Distribution Update Total Real Estate Investments (at Cost) $777,373 $773,779 As previously discussed, NYCR continues to experi
Slide 8: Management Team
Management Team Michael Weil Chief Executive Officer, President and Chairman of the Board of Directors ▪ Founding partner of AR Global ▪ Previously served as Senior VP of sales and leasing for American Financial Realty Trust (AFRT) ▪ Served as president of the Board of Directors of the Real Estate I
Slide 9: Supplemental Information
Supplemental Information On March 13, 2019, the Company filed an amendment to its charter changing its name from American Realty Capital New York City REIT, Inc. to New York City REIT, Inc. On April 26, 2019, the Company, entered into a term loan agreement with Capital One, National Association, as
Slide 10: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Net Operating Income (NOI) Reconciliation Schedule Three Months Ended Three Months Ended (in thousands) June 30, 2019 June 30, 2018 Net Loss (in accordance with GAAP) $ (5,827) $ (6,529) Other income (311) (64) General & Administrative 1,862 2,540 Asset and pr
Slide 11: 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 New York City REIT, Inc.’s (the “Company” or “NYCR”) Annual Report on Form 10-K filed with the U.S. Securities and Exchange
Slide 12: 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 13: Shareholder account information
▪ 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 13