American Strategic Investment | 8-K: FY2026 Q1 Revenue: USD 7.348 M

Revenue: As of FY2026 Q1, the actual value is USD 7.348 M.EPS: As of FY2026 Q1, the actual value is USD -3.04.EBIT: As of FY2026 Q1, the actual value is USD -1.476 M.Financial Results (Quarter ended March 31, 2026)RevenueRevenue from tenants was $7,348 thousand .Net Income (Loss)Net income (loss) attributable to common stockholders was - $7,775 thousand .Net income (loss) before income taxes was - $7,775 thousand .Net loss attributable to common stockholders was - $7.8 million, an improvement from - $8.6 million in the first quarter of 2025 .Non-GAAP MeasuresCash Net Operating Income (Cash NOI) was $2,866 thousand . This was down from $4.2 million in the first quarter of 2025 .Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA) was - $1,119 thousand , compared to - $0.8 million in the first quarter of 2025 .Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $1,047 thousand , an increase from - $918 thousand in the first quarter of 2025 .Net Operating Income (NOI) was $2,746 thousand .Expenses and Operating LossTotal expenses were $11,078 thousand , a decrease from $16,823 thousand in the first quarter of 2025 .Asset and property management fees to related parties were $1,552 thousand, down from $1,868 thousand in the prior year .Property operating expenses were $4,602 thousand, a decrease from $8,137 thousand in the first quarter of 2025 .Equity-based compensation was $91 thousand .General and administrative expenses were $2,313 thousand, down from $3,135 thousand in the first quarter of 2025 .Depreciation and amortization was $2,520 thousand, a decrease from $3,591 thousand in the first quarter of 2025 .Operating loss before gain (loss) on disposition of real estate investments was - $3,730 thousand .Operating loss was - $1,476 thousand , compared to - $4,515 thousand in the first quarter of 2025 .Other Income (Expense)Total other expense, net was - $6,299 thousand .Interest expense was - $4,048 thousand , slightly down from - $4,083 thousand in the first quarter of 2025 .Interest expense associated with property in receivership was - $2,254 thousand, with no comparable expense in the prior year .Other income was $3 thousand .Balance Sheet and Capitalization (As of March 31, 2026)AssetsTotal assets were $445,007 thousand .Gross asset value was $417,036 thousand .Cash and cash equivalents totaled $2,500 thousand .Restricted cash was $5,664 thousand .Total real estate investments, net was $305,130 thousand .Contract asset was $110,902 thousand .LiabilitiesTotal liabilities were $387,935 thousand .Net debt was $248,500 thousand .Total consolidated debt was $251,000 thousand .Mortgage notes payable, net was $249,736 thousand .Debt associated with property in receivership was $99,000 thousand .Accrued interest associated with property in receivership was $11,902 thousand .Stockholders’ EquityTotal stockholders’ equity was $57,072 thousand .Distributions in excess of accumulated earnings were - $674,839 thousand .Key Ratios and MetricsCommon shares outstanding were 2,693 thousand .Net debt to gross asset value was 59.6% .Net debt to annualized Adjusted EBITDA was - 55.5x .Weighted-average interest rate cost was 4.6% . All of the Company’s debt was fixed-rate, with a weighted-average interest rate of 4.56% .Weighted-average debt maturity was 1.3 years .Interest Coverage Ratio was - 0.3x .Real Estate Portfolio (As of March 31, 2026)Portfolio SummaryThe portfolio consisted of 5 properties .The number of tenants was 36 .Square footage was 0.7 million .Leased percentage was 76.4% .Weighted-average remaining lease term was 6.2 years .Debt OverviewTotal Debt Outstanding Balance was $201,000 thousand .$140,000 thousand matures in 2027 with a weighted-average interest rate of 4.7% and maturity of 0.9 years .$10,000 thousand matures in 2028 with a weighted-average interest rate of 5.1% and maturity of 2.6 years .$51,000 thousand matures in 2029 with a weighted-average interest rate of 3.9% and maturity of 3.3 years .Future Minimum Lease RentsTotal future minimum base rent payments were $188,380 thousand .2026 (remainder): $26,767 thousand .2027: $24,182 thousand .2028: $20,411 thousand .2029: $19,728 thousand .2030: $18,344 thousand .2031: $15,537 thousand .Thereafter: $63,411 thousand .Diversification by Property TypeTotal Annualized Straight-Line (SL) Rent was $27,210 thousand .Office: $18,042 thousand (66% of SL Rent, 71% of Square Feet) .Retail: $8,395 thousand (31% of SL Rent, 26% of Square Feet) .Other: $773 thousand (3% of SL Rent, 3% of Square Feet) .Diversification by Tenant IndustryGovernment / Public Administration: $7,722 thousand (28% of SL Rent, 30% of Square Feet) .Retail: $4,029 thousand (15% of SL Rent, 7% of Square Feet) .Non-profit: $3,337 thousand (12% of SL Rent, 12% of Square Feet) .Fitness: $2,897 thousand (11% of SL Rent, 5% of Square Feet) .Office Space: $2,373 thousand (9% of SL Rent, 13% of Square Feet) .Parking: $1,833 thousand (7% of SL Rent, 15% of Square Feet) .69% of annualized straight-line rent from top 10 tenants was derived from investment grade or implied investment grade rated tenants, with a weighted-average remaining lease term of 6.7 years .Lease ExpirationsTotal leases expiring were 51 with $27,210 thousand in Annualized SL Rent and 567 thousand Leased Rentable Square Feet .2026 (Remaining): 7 leases, $1,483 thousand Annualized SL Rent (5.5%), 52 thousand Leased Rentable Square Feet (9.2%) .2027: 8 leases, $5,442 thousand Annualized SL Rent (20.0%), 124 thousand Leased Rentable Square Feet (21.8%) .2031: 10 leases, $5,466 thousand Annualized SL Rent (20.1%), 98 thousand Leased Rentable Square Feet (17.3%) .Advisor PaymentsIn April 2026, the Company’s external Advisor elected to receive shares of Class A common stock in lieu of $1,910,169 in accrued advisory fees .Outlook / GuidanceAmerican Strategic Investment Co. is focused on asset dispositions and capital prioritization to generate durable long-term value for shareholders, reflecting the stability of its portfolio and tenant base . The Company highlights risks from geopolitical instability, inflationary conditions, higher interest rates, and the potential inability to meet NYSE listing requirements, which could lead to delisting . Future acquisitions or dispositions are subject to market conditions and capital availability .