American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Q1 2020 Earnings Presentation
13 slides from American Strategic Investment's earnings presentation, 2020
Slide 1: 1st Quarter 2020 Investor Presentation
NEW YORK CITY REIT 1st Quarter 2020 Investor Presentation 123 William Street - New York, NY
Slide 2: Corporate Update
Corporate Update NYCR’s focused effort in response to COVID-19 successfully resulted in over 73% of April Cash Rent(1) collected Resilient Portfolio Built for Long Term Success: We believe that the financial strength of the tenants in our portfolio will offset some of the potential disruption from
Slide 3: April Cash Rent Collection
April Cash Rent Collection NYCR’s proactive and focused effort in response to the COVID-19 crisis resulted in 73% of April Cash Rent collected with an additional 25% approved or under Deferral Agreement Rent Collection Highlights(1) April Cash Rent Collection Detail(1) 73% of April Cash Rent collect
Slide 4: NYCR Highlights
NYCR Highlights New York City REIT portfolio occupancy at 89% Collected 73% of April Cash Rent with an additional 25% subject to an approved Deferral Agreement or under deferral Negotiation NYCR had one new lease and two renewals commence at 9 Times Square and one new lease commence at 123 Willi
Slide 5: Q1 2020 Leasing Status
Q1 2020 Leasing Status 3/31/2020 Remaining Property Rentable SF Occupancy Lease Term(1) 123 William Street 543k SF 93% 6.5 Years 1140 Avenue of the Americas 243k SF 79% 4.3 Years 9 Times Square 167k SF 86% 7.3 Years 196 Orchard Street 60k SF 100% 12.6 Years (2019 Acquisition) 8713 5th Avenue 18k SF
Slide 6: Key Initiatives
Key Initiatives NYCR Continues to Execute on its Investment Strategy NYCR’s management team continues to focus on its strategic objectives: Cash Rent collection throughout the COVID-19 crisis Emphasis on leasing activity, including both new leases and renewal activity to capitalize on NYCR’s l
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% Weighted average rem
Slide 8: Balance Sheet and Distribution Update
Balance Sheet and Distribution Update NYCR maintains a conservative balance sheet with a net leverage of 41%(1) $ amounts in 000’s Consolidated Balance Sheets Q1 2020 Q4 2019 Distribution Update Total Real Estate Investments (at Cost) $863,233 $862,608 NYCR continues to make progress on our previous
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) March 31, 2020 March 31, 2019 Net Loss (in accordance with GAAP) $ (6,788) $ (4,584) Other income (119) (154) General & Administrative 2,019 1,931 Asset and
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: For account information, please call
For account information, including balances and the status of submitted paperwork, please call us at (866) 902-0063 Financial Advisors may view client accounts at NewYorkCityREIT.com www.computershare.com/advisorportal Shareholders may access their accounts at www.computershare.com/nycr 13