American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Q4 2018 Earnings Presentation
12 slides from American Strategic Investment's earnings presentation, March 2019
Slide 1: 4th Quarter 2018 Investor Presentation
NEW YORK CITY REIT 4th Quarter 2018 Investor Presentation
Slide 2: NYCR Highlights
NYCR Highlights New York City REIT improved its portfolio occupancy to approximately 94%, over 5 percentage points above year-end 2017 9 Times Square lease-up has been a huge success with occupancy increasing 20% in 2018 to 84.3% as of year-end 2018 − Includes commencement of I Love NY as the anch
Slide 3: Strong 2018 Leasing Activity
Strong 2018 Leasing Activity (SF in thousands) 12/31/2017 12/31/2018 Occupied SF Increased Property Rentable SF Occupancy Occupancy Increase / (Decrease) Occupancy 123 William Street 543k SF 93% 98% 31k SF 1140 Avenue of the Americas 242k SF 89% 91% 5k SF 9 Times Square 167k SF 64% 84% 34k SF
Slide 4: Key Initiatives
Key Initiatives NYCR Continues to Execute its Investment Strategy NYCR’s management team is continuing 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 selectiv
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 NYC Employment Trends (1) Millions NYC Population at Record High(3) Jobs in 000's 9.50 5,000 9.00 4,341 4,414 4,499 4,130 4,255
Slide 6: Portfolio Overview (as of December 31, 2018)
Portfolio Overview (as of December 31, 2018) NYCR’s portfolio of $774 million of real estate investments at cost is concentrated in seven mixed-use office and retail condominium buildings located in New York City Seven properties consisting of 1,102,584 square feet(1) Portfolio occupancy of 93.7
Slide 7: Balance Sheet Summary
Balance Sheet Summary $ amounts in 000’s Consolidated Balance Sheets Q4 2018 Q3 2018 NYCR maintains a conservative balance Total Real Estate Investments (at Cost) $774,494 $755,520 sheet as net leverage stands at 32%(2) Cash 47,952 64,061 Other Assets (1) (48,704) (47,503) Total Assets $773,742 $772
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 October 9, 2018, the Company repurchased 145,627 shares of common stock for approximately $3.0 million, at a weighted-average price per share of $20.26 pursuant to the Share Repurchase Program. On October 17, 2018, the Company closed on an acquisition of a medical office
Slide 10: 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 11: 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 12: Account information and contact details
For account information, including balances and the status of submitted paperwork, please call us at (866) 902-0063 Financial Advisors may view client New York City REIT accounts, statements and tax forms NewYorkCityREIT.com at www.dstvision.com Shareholders may access their accounts at www.ar