American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Q4 2019 Earnings Presentation
13 slides from American Strategic Investment's earnings presentation, March 2020
Slide 1: 4th Quarter 2019 Investor Presentation
NEW YORK CITY REIT 4th Quarter 2019 Investor Presentation 123 William Street - New York, NY
Slide 2: COVID-19 Update
COVID-19 Update New York City REIT (“NYCR” or the “Company”) remains focused on ensuring the health and safety of our tenants, staff and customers while continuing to execute on our business strategy Short Term Market Disruption: The challenges of COVID-19 will impact every business and, although
Slide 3: NYCR Highlights
NYCR Highlights New York City REIT portfolio occupancy at 90% 9 Times Square lease-up has been extremely successful with occupancy materially increasing from 84.3% in Q4 2018 to 90.1% in Q4 2019 NYCR had three new long-term leases and one renewal with over 42,000 square feet of executed leases t
Slide 4: Q4 2019 Leasing Activity
Q4 2019 Leasing Activity 12/31/2018 12/31/2019 Occupied SF Property Rentable SF Occupancy Occupancy Increase / (Decrease) 123 William Street 543k SF 98% 93% (32k) SF 1140 Avenue of the Americas 243k SF 91% 79% (29k) SF 9 Times Square 167k SF 84% 90% 10k SF 196 Orchard Street(1) 60k SF N/A 100% 60k S
Slide 5: Key Initiatives
Key Initiatives NYCR Continues to Execute on 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
Slide 6: 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(2) Jobs in 000's 9.5 9.0 4,525 4,639 8.5 5,000 4,130 4,255 4,341
Slide 7: Portfolio Overview
Portfolio Overview NYCR’s portfolio of $863 million of real estate investments, at cost, is distributed across eight mixed-use office and retail condominium buildings located in New York City Eight properties consisting of 1.2 million square feet Portfolio occupancy of 89.6% Weighted average r
Slide 8: Balance Sheet and Distribution Update
Balance Sheet and Distribution Update NYCR maintains a conservative balance sheet with a net leverage of 41%(2) $ amounts in 000’s Consolidated Balance Sheets Q4 2019 Q3 2019 Distribution Update Total Real Estate Investments (at Cost) $862,608 $868,187_ NYCR continues to make progress on our previou
Slide 9: 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 Served as president of the Board of Directors of the Real Estate Investme
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) December 31, 2019 December 31, 2018 Net Loss (in accordance with GAAP) $ (6,670) $ (5,133) Other income (160) (205) General & Administrative 1,439 1,170 Ass
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: 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 accounts, statements and tax forms NewYorkCityREIT.com at www.dstvision.com Shareholders may access their accounts at www.ar-global.com 13