American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Q4 2016 Earnings Presentation
17 slides from American Strategic Investment's earnings presentation, March 2017
Slide 1: 4th Quarter 2016 Webinar Series
4th Quarter 2016 Webinar Series
Slide 2: Fourth Quarter 2016 Investor Presentation
Platform Advisor To Investment Programs Fourth Quarter 2016 Investor Presentation
Slide 3: 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 4: Investment Thesis
Investment Thesis Focused on acquiring New York City commercial real estate A Public Non-Traded Real Estate Investment Trust* 3 Primary objectives*: - Preserve and protect capital - Pay monthly stable cash distributions; and - Increase the value of assets in order to generate capital appreciatio
Slide 5: New York City Market Trends
New York City Market Trends (3) NYC Employment Trends (1) NYC Population at Record High 4,500 Jobs in 000's 9.50 Millions 4,250 4,387 9.00 4,272 8.50 8.82 4,000 4,108 8.55 8.00 8.24 3,984 8.01 3,885 7.50 3,750 3,795 3,797 3,745 3,709 7.00 7.32 3,666 3,691 7.07 3,500 6.50 6.00 3,250 5.50 3,000 5.00 2
Slide 6: Q4 2016 Highlights
Q4 2016 Highlights Occupancy was unchanged at 89.8% from Q3 2016 to Q4 2016 Cash NOI was roughly unchanged quarter over quarter (slight decrease by 1% (1) from Q3 2016 to Q4 2016) Leverage remains low at ~26% debt / cost (2) The $96 million mortgage debt at 123 William was refinanced with a
Slide 7: Portfolio Snapshot
Portfolio Snapshot 6 properties consisting of 1,091,571 square feet 89.8% occupancy as of 12/31/2016 Weighted average remaining lease term of 6.2 years Remaining Acquisition Number of Rentable Occupancy All-in Portfolio Lease Term Debt Date Properties Square Feet (as of 12/31/16) Cost (2) (Yea
Slide 8: Balance Sheet Summary
Balance Sheet Summary Strong balance sheet Low leverage (~26% debt/cost ratio) (3) $ amounts in 000’s Q3 2016 Q4 2016 Total Real Estate Investments (at Cost) $745,289 $744,945 Cash (1) 53,150 47,671 ~$47mm of cash (2) Other Assets (13,231) (19,012) Total Assets $785,208 $773,604 Mortgage Note Pa
Slide 9: Key Initiatives
Key Initiatives Finish deployment of capital • Debt/cost ratio remains low at ~26% providing room for additional leverage and portfolio growth (1) • Management may complete $100 to $300 million of additional acquisitions using existing cash and additional leverage • Target leverage for pro forma p
Slide 10: 9 Times Square
9 Times Square Tremendously valuable retail and signage located one block south of the Times Square bowtie. The Property’s location gives it a strong competitive advantage due to NYCR’s successful redevelopment of the retail to relocate the lobby from Seventh Avenue to 41st Street, increasing the va
Slide 11: Organizational Structure
Organizational Structure Board of Directors Michael Weil Lee Elman Elizabeth Tuppeny Abby Wenzel Independent Director Executive Chairman Independent Director Independent Director & Audit Chair Management Team Michael Weil Nicholas Radesca Jason Slear Michael Ead CFO and Treasurer Head of Acquisition
Slide 12: Consistent Distributions
Consistent Distributions Since Inception, American Realty Capital New York City REIT, Inc. has paid out $3.86 per share of regular distributions in cash and DRIP. $3.86 per share (cumulative) (1) $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $- (1) Totals as of each period presented represen
Slide 13: Cash NOI Reconciliation
Cash NOI Reconciliation Below is a reconciliation from net loss, the most directly comparable GAAP financial measure, to Cash NOI. Three Months Ended (In thousands) December 31, 2016 September 30, 2016 Net loss (in accordance with GAAP) $ (5,590) $ (4,369) Acquisition and transaction-related (632)
Slide 14: Cash NOI Reconciliation (cont.)
Cash NOI Reconciliation (cont.) Cash net operating income ("Cash NOI") is a non-GAAP financial measure equal to net income (loss), the most directly comparable GAAP financial measure, less income from investment securities and interest, plus general and administrative expenses, acquisition and tra
Slide 15: 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 16: 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 17: Account information and contacts
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.NewYorkCityREIT.com www.ar-global.com
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