American Strategic Investment Co. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026, reporting a net loss of $6.724 million for the third quarter.

Key Highlights

  • Net loss of $6.724 million for the three months ended September 30, 2026, compared to net income of $35.755 million in the same period of 2025.
  • Revenue from tenants fell to $7.118 million for Q3 2026, down from $12.269 million in Q3 2025, according to the filing.
  • Total equity declined to $47.252 million as of September 30, 2026, from $64.756 million at December 31, 2025.
  • Accumulated deficit reached $689.862 million as of September 30, 2026, up from $667.064 million at year-end 2025.
  • Shares outstanding increased to 3,324,398 as of September 30, 2026, from 2,692,941 at December 31, 2025, partly through 644,567 shares issued to the Advisor in connection with Advisor-related fees.
  • Debt associated with property in receivership remained at $99.000 million, with accrued interest on that debt rising to $16.486 million from $9.648 million at year-end 2025.

American Strategic Investment Co. Q3 2026 Financial Results and Balance Sheet Position

According to the filing, American Strategic Investment Co. (NYSE:NYC) reported a net loss of $6.724 million for the three months ended September 30, 2026, a sharp reversal from net income of $35.755 million in Q3 2025. The company attributed the prior-year quarter's income largely to a gain on disposition of real estate investments of $44.268 million, while the current quarter recorded a gain on disposition of only $2.305 million. Total operating expenses for the quarter were $9.721 million against revenues of $7.118 million, producing an operating loss before gains of $2.603 million.

For the nine months ended September 30, 2026, the filing reported a net loss of $22.798 million on revenues of $21.781 million, compared to a net loss of $14.497 million on revenues of $36.799 million for the same period in 2025. Interest expense for the nine-month period was $12.258 million, and interest expense associated with the property in receivership was $6.839 million, according to the filing. The nine-month loss per share on a basic and diluted basis was $(8.11), based on weighted-average shares outstanding of 2,811,477.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $448.392 million and total liabilities of $401.140 million. Mortgage notes payable, net, stood at $250.079 million. Cash and cash equivalents were $5.323 million, up from $1.297 million at December 31, 2025. The company disclosed that as of November 6, 2026, it had 3,568,650 shares of Class A common stock outstanding. The filing also noted a note payable to related parties of $3.920 million as of September 30, 2026, compared to $650 thousand at year-end 2025.

What Was Disclosed

American Strategic Investment Co. disclosed its unaudited condensed consolidated financial results for Q3 and the nine months ended September 30, 2026, including a net loss of $6.724 million for the quarter, declining revenues, reduced total equity, and an increased accumulated deficit, alongside changes in share count and debt balances.