American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Investor Presentation (May 2017)
18 slides from American Strategic Investment's investor presentation, May 31, 2017
Slide 1: 1st Quarter 2017 Webinar Series
1 st Quarter 2017 Webinar Series
Slide 2: First Quarter 2017 Investor Presentation
First Quarter 2017 Investor Presentation Platform Advisor To Investment Programs
Slide 3: Important Information: Risk Factors and Forward-Looking Statements
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 and Exchange Commis
Slide 4: Investment Thesis
A Public Non - Traded Real Estate Investment Trust* ▪ 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 targete
Slide 5: New York City Market Trends
5 (1) Bureau of Labor Statistics. (2) Cushman & Wakefield Research, Q1 2017 data. (3) New York City Department of City Planning. NYC Employment Trends NYC Population at Record High Manhattan Overall Net Absorption/Asking Rents (2) (1) (3) NYC population is forecasted to reach 8.8mm people in 2030 Ne
Slide 6: Q1 2017 Highlights
▪ Occupancy was down slightly from 89.8% in Q4 2016 to 86.7% in Q1 2017 ▪ Cash NOI (1) was down $600k primarily due to a step up in ground rent expense at 1140 Avenue of the Americas ▪ Leverage remains low at ~31% debt / cost (2) ▪ The $96 million mortgage debt at 123 William was refinanced with a $
Slide 7: Portfolio Snapshot
▪ 6 properties consisting of 1,091,571 square feet ▪ 86.7% occupancy as of 3/31/2017 ▪ Weighted average remaining lease term of 6.1 years Confidential Material - Not for Distribution 7 (1) Calculated as weighted average (based on annualized GAAP rent) as of 3/31/2017. Portfolio Snapshot American Rea
Slide 8: Balance Sheet Summary
Balance Sheet Summary 8 8 $ amounts in 000’s ~$49mm of cash 31% debt/cost ratio (3) (2) (1) Change in cash due primarily to financing activity, capital expenditures, and cash dividends (2) Other Assets includes accumulated depreciation offset by restricted cash in Q1 of $28.6mm (3) Based on total re
Slide 9: Key Initiatives
American Realty Capital New York City REIT, Inc. 9 ▪ Finish deployment of capital • Debt/cost ratio remains low at ~32% providing room for additional leverage and portfolio growth (1) • Management may complete $100 to $300 million of additional acquisitions using existing cash and additional leverag
Slide 10: 9 Times Square
10 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 41 st Street, increasing the valuable Seventh Avenue r
Slide 11: 123 William Street
10 27 - story, 542,676 square foot property, 93% occupied as of 3/31/17. The property was 82% occupied at the time of acquisition in March 2015 and NYCR has been very successful on its leasing efforts, having signed over 100k sf of new leases since acquisition. As of 3/31/17 the property has an aver
Slide 12: Organizational Structure
Organizational Structure 12 Michael Ead Managing Director & Counsel Stephen Rothstein Associate Elizabeth Tuppeny Independent Director Abby Wenzel Independent Director Michael Weil Executive Chairman Lee Elman Independent Director & Audit Chair Nicholas Radesca CFO and Treasurer Management Team Boar
Slide 13: Consistent Distributions
Since Inception, American Realty Capital New York City REIT, Inc. has paid out $4.23 per share of regular distributions in cash and DRIP. American Realty Capital New York City REIT, Inc. 13 Consistent Distributions $4.23 per share (cumulative) (1) (1) Totals as of each period presented represent cum
Slide 14: Cash NOI Reconciliation
Confidential Material - Not for Distribution 14 Three Months Ended (In thousands) December 31, 2016 March 31, 2017 Net loss (in accordance with GAAP) $ (5,590) $ (4,786 ) Acquisition and transaction - related (632) 6 Depreciation and amortization 8,810 6,997 Interest expense 2,377 2,665 General and
Slide 15: Cash NOI Definition
Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 15 ▪ 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 inte
Slide 16: 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 17: 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 may no t be resolved in
Slide 18: www.NewYorkCityREIT.com
www.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 — Investor Presentation (May 2017) on 6ix