American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — New York City REIT — Investor Presentation (January 2022)
15 slides from American Strategic Investment's investor presentation, January 2022
Slide 1: New York City REIT 2021 Year in Review - January Investor Presentation
NEW YORK CITY REIT 2021 Year in Review - January Investor Presentation 9 Times Square - New York, NY 0
Slide 2: 2021 – Year in Review
2021 – Year in Review NYC’s Board of Directors, led by Elizabeth Tuppeny, in conjunction with the advisor, executed on several initiatives throughout the COVID-19 pandemic in 2020 and 2021 by utilizing the full resources of the advisor’s platform. Together, the Board and the advisor mitigated advers
Slide 3: Exceptional Investor Returns in 2021
Exceptional Investor Returns in 2021 NYC investors benefited from an exceptional Total Return in 2021 of 37% as compared to several peer and index benchmarks, including New York City office peers and the S&P 500 Index 2021 Out Symbol / Index Name Type Total Return Performance NYC New York City REIT
Slide 4: Continued Cash Rent Collection Success
Continued Cash Rent Collection Success NYC’s portfolio mix of Investment Grade and government agency tenants with core commercial business continues to provide dependable rental income, resulting in a year over year original Cash Rent collection rate increase of 12%, including the collection of 97%
Slide 5: 2022 Estimated NAV per Share
2022 Estimated NAV per Share NYC’s estimate of 2022 property-level income results in an estimated NAV per share of $22.12 - $28.10, indicating significant upside potential for NYC shareholders(1) Estimated Net Asset Value ("NAV") Valuation ($ in mm, except for per share amounts and share count) Valu
Slide 6: Notes to the Estimated NAV per Share
Notes to the Estimated NAV per Share 2) Calculated based on estimated reimbursements and Cash Rent, excluding free rent, for all existing in-place leases for fiscal year 2022. Includes new leases and lease extension assumptions that the Company reasonably expect to complete for the fiscal year 2022.
Slide 7: Proactive Asset Management
Proactive Asset Management Through the third quarter, NYC completed 12 new leases that totaled over 86,000 square feet, including 41,000 square feet of Knotel replacement leases and $4.3 million of Annualized Straight-line Rent. NYC also developed a 21,700 square foot forward Leasing Pipeline(1) tha
Slide 8: Case Study: Strong Performance by Percentage Rent Tenants
Case Study: Strong Performance by Percentage Rent Tenants In 2021, NYC executed two percentage rent deals that provided operational support to key retail tenants, supporting a sooner than expected return to original Cash Rent payment levels Percentage Rent Approved Agreements Overview ✓ In 2021, NYC
Slide 9: Case Study: Proactive Management With Select Tenants
Case Study: Proactive Management With Select Tenants Throughout 2020 and 2021, NYC proactively pursued strategic solutions with select tenants impacted by COVID-19 related headwinds Knotel Icon Parking / Quik Park Equinox I Love NY ▪ NYC’s proactive asset ▪ Beginning in 2020, the ▪ NYC and Equinox ▪
Slide 10: Appendix
tha NYC NEW YORK CITY REIT Appendix
Slide 11: Definitions
Definitions Annualized Straight-Line Rent: Straight-line rent which is annualized and calculated using most recent available lease terms as of the period end indicated. Approved Agreement: Represents Deferral Agreements as well as amendments granting the tenant a rent credit for some portion of orig
Slide 12: Legal Notices
tha NYC NEW YORK CITY REIT Legal Notices
Slide 13: Important Additional Information and Where to Find It
Important Additional Information and Where to Find It References in this presentation to the “Company,” “we,” “us” and “our” refer to New York City REIT, Inc. (“NYC”) and its consolidated subsidiaries. This presentation contains estimates and information concerning the Company’s industry and the Com
Slide 14: Limitations on, and Risks Related to, the Estimated NAV per Share
Limitations on, and risks related to, the Estimated NAV per Share The Company’s estimated net asset value per share (“NAV”) as of December 31, 2021 contained herein was calculated by applying two different capitalization rates to property-level income projected for 2022 by the advisor to arrive at t
Slide 15: Forward Looking Statements
Forward Looking Statements Certain statements made in this presentation are “forward-looking statements” (as defined in Section 21E of the Exchange Act), which reflect the expectations of the Company regarding future events. You can identify forward-looking statements by the use of forward looking t
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