American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Q1 2018 Earnings Presentation
11 slides from American Strategic Investment's earnings presentation, Jun 5, 2018
Slide 1: American Realty Capital New York City REIT 1st Quarter 2018 Investor Presentation
AMERICAN REALTY CAPITAL NEW YORK CITY REIT 1 st Quarter 2018 Investor Presentation
Slide 2: Important Information
2 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 American Realty Capital New York City REIT, Inc . ’s (the “Company” or “NYCR”) Annual Report on Form 10 - K filed with t
Slide 3: Q1 2018 Highlights
3 Q1 2018 Highlights ▪ NYCR entered into one new lease with CSC/Universal Sports & Entertainment at 9 Times Square totaling 8,780 square feet ▪ The new lease was signed in Q1 2018, and is expected to commence in Q2 2018. If the lease had commenced in Q1 2018, it would have extended occupancy at 9 Ti
Slide 4: Market Trends
4 New York City Market Trends (1) Source: Bureau of Labor Statistics. (2) Source: Cushman & Wakefield Research, Marketbeat Manhattan Office Q1 2018 (3) Source: New York City Department of City Planning Manhattan Overall Net Absorption/Asking Rents (2) NYC population is forecasted to reach 8.8mm peop
Slide 5: Key Initiatives: NYCR Continues to Execute its Strategy
5 Key Initiatives (1) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs per 3/31/18 ba lance sheet ▪ NYCR’s management team is continuing to execute its strategy to: ▪ Strategically market vacancy to increase occupancy levels ▪ Maintain
Slide 6: Portfolio Overview
6 Portfolio Overview (1) Calculated as weighted average (based on annualized straight - line rental income) as of 3/31/2018. (2) April 13, 2018, the Company entered into a loan agreement that provides for a $50 million loan (the “Loan”) with a fixed inte re st rate of 4.516% and a maturity date of M
Slide 7: Balance Sheet Summary
7 Balance Sheet Summary $ amounts in 000’s (1) Other Assets includes accumulated depreciation partially offset by, among other items, restricted cash in Q1 of $8.2M (2) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs as of 3/31/2 01 8
Slide 8: Management Team
8 Management Team Katie Kurtz Chief Financial Officer and Treasurer ▪ Previously served as chief accounting officer at Carlyle GMS Finance, Inc., The Carlyle Group’s business development company, Director of Finance and Controller for New Mountain Finance Corporation, and Controller at Solar Capital
Slide 9: Supplemental Information
9 Supplemental Information On February 27 , 2018 , the board of directors unanimously authorized a suspension of distributions . The suspension of distributions the Company pays to holders of common stock is effective as of March 1 , 2018 . ▪ The Board has suspended distributions to enhance the Comp
Slide 10: Risk Factors
10 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 11: NewYorkCityREIT.com
11 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 — Q1 2018 Earnings Presentation on 6ix