Real Estate · REIT - Office
Price
$8.28
Market Cap
$24.2M
Employees
0
Beta
0.22
Avg Volume
20,874
CEO
Nicholas S. Schorsch Jr.
Business Description
American Strategic Investment Co. (ASIC) functions as a publicly traded Real Estate Investment Trust, managing a select portfolio of premium commercial properties. These assets are strategically located across New York City's five boroughs, with a particular focus on Manhattan. Its holdings comprise eight diversified office and retail condominium units. The firm boasts a strong tenant roster, featuring a balanced mix of prominent, investment-grade corporate entities and various government agencies. ASIC commenced operations on December 19, 2013, and is headquartered in Newport, Rhode Island.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.00
Stock Price: $8.28
EPS (Diluted): -8.32
EPS (Diluted): -8.32
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.33
Stock Price: $8.28
Total Equity: $64.76M
Shares: 2,546,562
Total Equity: $64.76M
Shares: 2,546,562
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
21.47
Market Cap: $24.18M
Total Debt: $349.22M
Cash: $1.30M
EBITDA: $17.22M
Total Debt: $349.22M
Cash: $1.30M
EBITDA: $17.22M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$369.7M
Market Cap: $24.18M
Total Debt: $349.22M
Cash: $1.30M
Total Debt: $349.22M
Cash: $1.30M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.49
Stock Price: $8.28
Revenue: $43.28M
Shares: 2,546,562
Revenue: $43.28M
Shares: 2,546,562
EV/Sales (Total value vs revenue — works when P/E can't)
API8.54
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
19.7%
Gross Profit: $8.54M
Revenue: $43.28M
Revenue: $43.28M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-29.8%
Operating Income: -$12.91M
Revenue: $43.28M
Revenue: $43.28M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-49.0%
Net Income: -$21.19M
Revenue: $43.28M
Revenue: $43.28M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-32.7%
Net Income: -$21.19M
Total Equity: $64.76M
Total Equity: $64.76M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-3.1%
Operating Income: -$12.91M
Tax Rate: 0.0%
Equity: $64.76M
Total Debt: $349.22M
Cash: $1.30M
Tax Rate: 0.0%
Equity: $64.76M
Total Debt: $349.22M
Cash: $1.30M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.98
Current Assets: $16.72M
Current Liabilities: $2.09M
Current Liabilities: $2.09M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
5.39
Short-Term Debt: $50.00M
Long-Term Debt: $299.22M
Total Debt: $349.22M
Total Equity: $64.76M
Long-Term Debt: $299.22M
Total Debt: $349.22M
Total Equity: $64.76M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$16.99
Revenue: $43.28M
Shares: 2,546,562
Shares: 2,546,562
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$25.43
Total Equity: $64.76M
Shares: 2,546,562
Shares: 2,546,562
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.34
Operating CF: -$7.75M
CapEx: -$757,000
Shares: 2,546,562
CapEx: -$757,000
Shares: 2,546,562
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $8.28
Stock Price: $8.28
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$21.19M
Net Income: -$21.19M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NYC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 9:17pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $70.2M | $64.0M | $62.7M | $61.6M | $43.3M |
| Cost of Revenue | $40.9M | $41.0M | $41.5M | $41.9M | $34.7M |
| Gross Profit | $29.3M | $23.0M | $21.2M | $19.6M | $8.5M |
| Operating Expenses | $48.2M | $49.9M | $41.8M | $28.0M | $21.5M |
| Operating Income | -$18.9M | -$26.9M | -$20.5M | -$8.4M | -$12.9M |
| Net Income | -$39.5M | -$45.9M | -$105.9M | -$140.6M | -$21.2M |
| EBITDA | $10.7M | $1.7M | -$60.5M | -$102.7M | $17.2M |
| EPS | $-24.32 | $-26.59 | $-47.57 | $-56.51 | $-8.32 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 9:17pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $11.7M | $9.2M | $5.3M | $9.8M | $1.3M |
| Total Current Assets | $63.6M | $50.9M | $43.6M | $42.0M | $16.7M |
| Total Assets | $823.1M | $790.5M | $694.2M | $507.1M | $445.2M |
| Current Liabilities | $13.3M | $17.0M | $17.0M | $18.3M | $2.1M |
| Long-Term Debt | $398.1M | $394.2M | $395.7M | $347.4M | $299.2M |
| Total Liabilities | $471.9M | $468.9M | $469.4M | $421.5M | $380.4M |
| Total Equity | $339.0M | $301.1M | $224.8M | $85.6M | $64.8M |
| Retained Earnings | -$350.7M | -$399.4M | -$505.3M | -$645.9M | -$667.1M |
Cash Flow (Annual)
Last updated: Jun 23, 2026 9:17pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$7.9M | $-486,000 | -$7.4M | -$4.0M | -$7.8M |
| Capital Expenditure | -$3.4M | -$5.6M | -$4.1M | -$1.3M | $-757,000 |
| Free Cash Flow | -$11.3M | -$6.0M | -$11.5M | -$5.3M | -$8.5M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $-183,000 | $0 | $-24,000 | $-231,000 | $0 |
| Net Change in Cash | -$11.6M | -$12.3M | -$3.3M | $6.1M | -$10.9M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:25pm (18h ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$63.9M $63.9M – $63.9M
|
$61.4M $61.4M – $61.4M
|
$56.6M $56.6M – $56.6M
|
$58.5M $58.5M – $58.5M
|
| EBITDA |
-$22.4M -$22.4M – -$22.4M
|
-$17.1M -$17.1M – -$17.1M
|
-$15.7M -$15.7M – -$15.7M
|
-$16.3M -$16.3M – -$16.3M
|
| Net Income | $0 |
-$142.6M -$142.6M – -$142.6M
|
-$18.4M -$18.4M – -$18.4M
|
-$18.9M -$18.9M – -$18.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 9:17pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -8.8% | -2.0% | -1.8% | -29.7% |
| Gross Profit Growth | -21.5% | -7.7% | -7.5% | -56.5% |
| Operating Income Growth | -42.3% | +23.8% | +59.1% | -53.7% |
| Net Income Growth | -16.3% | -130.8% | -32.7% | +84.9% |
| EBITDA Growth | -84.2% | -3,673.4% | -69.6% | +116.8% |
Dividend History (Last 20)
Last updated: Jun 23, 2026 9:17pm (3d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2022-04-08 | $0.80 | 2022-04-01 | 2022-04-11 | 2022-04-18 |
| 2022-01-12 | $0.80 | 2022-01-03 | 2022-01-13 | 2022-01-18 |
| 2021-10-08 | $0.80 | 2021-10-01 | 2021-10-12 | 2021-10-15 |
| 2021-07-09 | $0.80 | 2021-07-01 | 2021-07-12 | 2021-07-15 |
| 2021-04-09 | $0.80 | 2021-04-01 | 2021-04-12 | 2021-04-15 |
| 2021-01-08 | $0.80 | 2021-01-01 | 2021-01-11 | 2021-01-15 |
| 2020-10-08 | $0.39 | 2020-10-01 | 2020-10-12 | 2020-10-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NYC — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30