American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Q1 2020 Earnings Presentation
13 slides from American Strategic Investment's earnings presentation, Jun 5, 2020
Slide 1: New York City REIT 1st Quarter 2020 Investor Presentation
NEW YORK CITY REIT 1 st Quarter 2020 Investor Presentation 123 William Street - New York, NY
Slide 2: Corporate Update
Corporate Update ▪ Resilient Portfolio Built for Long Term Success: We believe that the financial strength of the tenants in our portfolio will offset some of the potential disruption from the COVID - 19 crisis and will continue to position NYCR well in the long - term. Although we are likely still
Slide 3: April Cash Rent Collection
April Cash Rent Collection 73% 16% 9% 2% April Cash Rent Paid Deferral in Negotiation Approved Deferral Agreement Other 1) April Cash Rent collection data as of April 30, 2020. Excludes April Cash Rent or Deferral Agreements executed or approved af te r April 30, 2020 that would apply to April Cash
Slide 4: NYCR Highlights
4 NYCR Highlights ▪ Collected 73% of April Cash Rent with an additional 25% subject to an approved Deferral Agreement or under deferral Negotiation ▪ NYCR had one new lease and two renewals commence at 9 Times Square and one new lease commence at 123 William Street ▪ New leases and renewals represen
Slide 5: Q1 2020 Leasing Status
5 Q1 2020 Leasing Status Property Rentable SF 3/31/2020 Occupancy Remaining Lease Term (1) 123 William Street 543k SF 93% 6.5 Years 1140 Avenue of the Americas 243k SF 79% 4.3 Years 9 Times Square 167k SF 86% 7.3 Years 196 Orchard Street ( 2019 Acquisition ) 60k SF 100% 12.6 Years 8713 5 th Avenue 1
Slide 6: Key Initiatives
6 Key Initiatives 1) We define net leverage as total mortgage notes payable, gross of $405.0 million less cash and cash equivalents of $53.2 milli on divided by total real estate investments at cost of $863.2 million as of March 31, 2020. NYCR Continues to Execute on its Investment Strategy ▪ NYCR’s
Slide 7: Portfolio Overview
7 Portfolio Overview Note: Data as of March 31, 2020. 1) Remaining lease term in years as of March 31, 2020, calculated on a weighted - average basis. 2) Mortgage notes payable, gross as of March 31, 2020. ▪ Eight properties consisting of 1.2 million square feet ▪ Portfolio occupancy of 89% ▪ Weight
Slide 8: Balance Sheet and Distribution Update
8 Balance Sheet and Distribution Update $ amounts in 000’s 1) We define net leverage as total mortgage notes payable, gross of $405.0 million less cash and cash equivalents of $53.2 milli on divided by total real estate investments at cost of $863.2 million as of March 31, 2020. 2) Other Assets incl
Slide 9: Management Team
9 Management Team Chris Masterson Chief Financial Officer and Treasurer ▪ Elected Chief Financial Officer and Treasurer of New York City REIT in September 2019 ▪ Serves as Chief Financial Officer of Global Net Lease ▪ Past experience includes accounting positions with Goldman Sachs and KPMG ▪ Certif
Slide 10: Reconciliation of Non-GAAP Metrics: NOI
10 Reconciliation of Non - GAAP Metrics: NOI Net Operating Income (NOI) Reconciliation Schedule (in thousands) Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Net Loss (in accordance with GAAP) $ (6,788) $ (4,584) Other income (119) (154) General & Administrative 2,019 1,931 Asse
Slide 11: Important Information
11 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 New York City REIT, Inc . ’s (the “Company” or “NYCR”) Annual Report on Form 10 - K filed with the U . S . Securities a
Slide 12: Risk Factors
12 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 13: ▪ For account information, including balances and the status of submitted paperwork, please call
13 ▪ 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 NewYorkCityREIT.com