American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Q3 2017 Earnings Presentation
12 slides from American Strategic Investment's earnings presentation, Nov 30, 2017
Slide 1: American Realty Capital New York City REIT 3rd Quarter 2017 Investor Presentation
AMERICAN REALTY CAPITAL NEW YORK CITY REIT 3 rd Quarter 2017 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”) Annual Report on Form 10 - K filed with the U . S .
Slide 3: Q3 2017 Highlights
3 Q3 2017 Highlights ▪ Portfolio occupancy increased from 85.5% in Q2 2017 to 87.1% in Q3 2017 ▪ NYCR continues to make progress on its leasing campaign at 9 Times Square, entering into one new office lease for 26,340 SF (comprised of 3 floors) and one new retail lease for 1,203 SF ▪ Terms for two o
Slide 4: Market Trends
4 New York City Market Trends (1) Source: Bureau of Labor Statistics. (2) Source: Cushman & Wakefield Research, Q3 2017 data (3) Source: New York City Department of City Planning Manhattan Overall Net Absorption/Asking Rents (2) NYC population is forecasted to reach 8.8mm people in 2030 Overall Vaca
Slide 5: Key Initiatives
5 Key Initiatives (1) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs per 9/30/17 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 9/30/2017. ▪ 6 properties consisting of 1,085,084 square feet ▪ 87.1% occupancy as of 9/30/2017 ▪ Weighted average remaining lease term of 6.4 years (1) NYCR’s portfolio of $750 million
Slide 7: Balance Sheet Summary
7 Balance Sheet Summary $ amounts in 000’s (1) Change in cash due primarily to capital expenditures and cash distributions (2) Other Assets includes accumulated depreciation offset by, among other items, restricted cash in Q3 of $28.5M (3) Based on total real estate investments at cost and total mor
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: Consistent Distributions
9 Consistent Distributions Since Inception, American Realty Capital New York City REIT, Inc. has paid out $4.99 per share of regular distributions in cash and distributions reinvested in the DRIP. $4.99 per share (cumulative) (1) (1) Totals as of each period presented represent cumulative distributi
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 1A. Risk Factors” in the Company’s Annual Report on
Slide 11: Risk Factors (Continued)
11 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 an d s uch con
Slide 12: NewYorkCityREIT.com
12 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 — Q3 2017 Earnings Presentation on 6ix