American Strategic Investment
Leases New York City commercial space and parking-garage interests.
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Profile
Generates rental income from office, retail and institutional leases and parking-garage interests in New York City. The concentrated, primarily Manhattan portfolio is externally managed and remains real-estate based despite a C-corporation mandate that permits broader income-producing investments.
Leases office, retail and institutional space across a New York City commercial-property portfolio, alongside parking-garage interests run by a third-party operator. Rental income comes from base rent, expense reimbursements and, in selected retail restructurings, tenant-sales-linked percentage rent. Parking customers and operators are counterparties alongside property tenants and licensees.
Focuses on retaining and adding tenants, improving properties, controlling costs and refinancing maturing debt. The remaining assets are all in New York City, primarily Manhattan, with the Brooklyn property providing the limited non-Manhattan exposure. Leasing uses outside brokerage relationships and property-level operators where appropriate.
Pairs this local landlord operation with a mandate to evaluate higher-yielding income-producing investments and selected property sales. Its C-corporation structure permits investments beyond REIT-qualifying real-estate income, while reported operations remain real-estate based. Executive, asset-management, accounting and administrative functions are supplied by an external advisor and affiliated providers.
Company facts
Categories
Key statistics
Year to date −27.2% · Average volume (30d) 36.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | — | −$3.04 | — | — | $7.3M | — | −5.25% |
| May 15, 2026Q1 FY26 | — | −$3.04 | — | — | $7.3M | — | +1.58% |
| Apr 14, 2026Q1 FY26 | −$1.72 | −$2.62 | −52.3% | $14.4M | $6.5M | −55.0% | +0.38% |
| Nov 19, 2025Q3 FY25 | −$1.76 | −$3.23 | −83.5% | $14.3M | $12.3M | −14.0% | −6.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.3M | $12.2M | $12.3M | $6.5M | $7.3M | $7.3M | |
| Gross profit | $2.3M | $2.6M | $3.7M | −$16.0K | −$3.8M | −$3.8M | |
| Operating income | −$4.5M | −$3.3M | −$1.2M | −$3.9M | −$3.7M | −$11.5M | |
| Net income | −$8.6M | −$41.7M | $35.8M | −$6.7M | −$7.8M | −$8.3M | |
| Diluted EPS | −$3.39 | −$16.39 | $13.60 | −$2.62 | −$3.04 | −$3.04 | |
| Gross margin | 18.7% | 20.9% | 30.2% | -0.2% | -52.3% | -51.2% | |
| Operating margin | -36.7% | -26.6% | -10.0% | -60.3% | -50.8% | -157.0% |
Fiscal years (4-quarter sums)FY21 $70.2M · FY22 $64.0M · FY23 $62.7M · FY24 $61.6M · FY25 $43.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.4M · Total debt $350.4M · Total assets $444.8M · Shareholders' equity $52.9M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 8, 2022 | Apr 11 | Apr 18 | $0.80 | |
| Jan 12, 2022 | Jan 13 | Jan 18 | $0.80 | |
| Oct 8, 2021 | Oct 12 | Oct 15 | $0.80 |
Ownership
Shares outstanding 2.92M · Float 958.1K · 32.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Schorsch Nicholas S · 10 percent owner | 799.6K | 27.39% | Form 4 | Aug 27, 2026 |
| Edward M. Weil, Jr. | 300.1K | 9.49% | 13G | Jul 14, 2026 |
| Elizabeth K. Tuppeny · director | 27.1K | 0.93% | Form 4 | Jun 3, 2025 |
| Louis P. DiPalma · director | 24.3K | 0.83% | Form 4 | Jun 3, 2025 |
| Vanguard Capital Management LLC | 20.8K | 0.71% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $6.68 |
| Aug 26, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $6.81 |
| Jun 30, 2026 | Nicholas S. Schorsch | 10 percent owner | +8,000 | $9.53 |
| Jun 25, 2026 | Nicholas S. Schorsch | 10 percent owner | +1,000 | $8.39 |
| Jun 29, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $9.27 |
Peers
- SL Green Realty
Largest-scale rival in Manhattan office leasing.
- Vornado Realty Trust
Major alternative for Manhattan office tenants.
- Empire State Realty Trust
Manhattan office and retail landlord serving overlapping tenants.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Strategic Investment | $6.26 | 0.00% | $18.3M | 1.3 | — | 0.5 | −39.9% |
| SL Green Realty | $57.95 | +0.68% | $4.09B | — | — | 3.9 | −29.0% |
| Vornado Realty Trust | $38.20 | 0.00% | $7.19B | 1,154.1 | — | 3.9 | +4.7% |
| Empire State Realty Trust | $4.59 | 0.00% | $787.0M | — | — | 1.0 | +3.0% |
| Median | 1,154.1 | — | 3.9 | +3.0% |