The firm's financial stability is under pressure, as evidenced by a debt-to-equity ratio that has expanded to 6.14 in 2026Q1, reflecting a reliance on debt amidst a shrinking $445.0 million asset base.
| Total Assets | 445.01M | 445.16M | 507.07M | 694.17M | 790.46M | 823.05M | 861.85M | 901.36M | 773.74M | 760.45M | 773.6M | 726.41M | 458.56M |
| Asset Growth % | -66.73% | -12.21% | -26.95% | -12.18% | -3.96% | -4.5% | -4.38% | 16.49% | 1.75% | -1.7% | 6.5% | 58.41% | - |
| Real Estate & Other Assets | -305.13M | -307.38M | 404.68M | 558.7M | 627.14M | -48.32M | 693.5M | 695.77M | 8.67M | 6.65M | 619.08M | 10.92M | -269.59M |
| PP&E (Net) | 0 | 0 | 54.51M | 54.74M | 54.95M | 55.17M | 55.38M | 55.58M | 617.73M | 611.86M | 615.85M | 462M | 221.96M |
| Investment Securities | 1000K | 1000K | 0 | 400K | 1000K | -1000K | 0 | -1000K | -1000K | -1000K | 477K | 472K | 490K |
| Total Current Assets | 17.76M | 16.72M | 41.99M | 43.56M | 50.86M | 63.56M | 62.04M | 88.55M | 80.81M | 64.94M | 62.84M | 190.34M | 189.96M |
| Cash & Equivalents | 2.5M | 1.3M | 9.78M | 5.29M | 9.21M | 11.67M | 31M | 51.2M | 47.95M | 39.6M | 47.67M | 182.7M | 184.34M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 39K | 670K | 0 | 0 |
| Other Current Assets | 0 | 0 | 9.16M | 7.52M | 4.02M | 0 | -3.96M | -88.55M | 6.85M | 7.62M | 0 | -182.7M | 5.62M |
| Intangible Assets | 5.39M | 5.39M | 5.88M | 30.23M | 71.85M | 87.48M | 50.92M | 61.46M | 66.53M | 77.01M | 91.21M | 70.33M | 46.15M |
| Total Liabilities | 387.94M | 380.4M | 421.48M | 469.38M | 468.88M | 471.92M | 480.28M | 480.81M | 330.06M | 278.97M | 233.41M | 130.28M | 4.46M |
| Total Debt | 350.45M | 349.92M | 403.14M | 452.42M | 451.88M | 457.11M | 465.4M | 449.9M | 291.65M | 233.52M | 191.33M | 119.82M | 0 |
| Net Debt | 347.95M | 348.63M | 393.36M | 447.13M | 442.67M | 445.44M | 434.4M | 398.7M | 243.7M | 193.92M | 143.66M | -62.88M | -184.34M |
| Long-Term Debt | 299.79M | 299.21M | 347.38M | 395.7M | 394.16M | 398.12M | 396.57M | 395.03M | 291.65M | 233.52M | 95.33M | 93.18M | 0 |
| Short-Term Borrowings | 50M | 50M | 0 | 0 | 0 | 0 | 0 | 395.03M | 0 | 0 | 96M | -1.65M | -225K |
| Capital Lease Obligations | 57.5M | 708K | 55.75M | 56.72M | 57.72M | 58.99M | 68.83M | 73.17M | 21.51M | 24.75M | 28.53M | 26.64M | 0 |
| Total Current Liabilities | 50M | 2.09M | 18.34M | 16.96M | 17M | 13.25M | 11.47M | 11.28M | 16.89M | 20.7M | 13.56M | 8.79M | 4.46M |
| Accounts Payable | 0 | 18.46M | 14.98M | 12.96M | 12.67M | 8.13M | 6.92M | 6.81M | 10.92M | 11.04M | 6.41M | 0 | 0 |
| Deferred Revenue | 2.06M | 2.09M | 3.04M | 3.98M | 4.21M | 5.12M | 4.56M | 4.25M | 5.77M | 5.25M | 3.02M | 1.65M | 225K |
| Other Liabilities | 35.42M | 28.39M | 0 | 0 | 0 | 1.55M | -1.15M | 0 | 5.36M | 10.19M | 103.51M | 11.63M | 20.93M |
| Total Equity | 57.07M | 64.76M | 85.59M | 224.79M | 321.58M | 351.14M | 381.57M | 420.55M | 702.05M | 692.54M | 710.23M | 596.14M | 437.41M |
| Equity Growth % | -145.03% | -24.34% | -61.93% | -30.1% | -8.42% | -7.98% | -9.27% | -40.1% | 1.37% | -2.49% | 19.14% | 36.29% | - |
| Shareholders Equity | 57.07M | 64.76M | 85.59M | 224.79M | 301.06M | 338.99M | 377.56M | 420.55M | 443.68M | 481.48M | 540.19M | 596.14M | 437.41M |
| Minority Interest | 0 | 0 | 0 | 0 | 20.51M | 12.15M | 4.01M | 409.9M | 258.37M | 211.05M | 170.03M | 0 | 0 |
| Common Stock | 27K | 27K | 27K | 23K | 19K | 133K | 129K | 310K | 310K | 314K | 309K | 304K | 206K |
| Additional Paid-in Capital | 731.88M | 731.79M | 731.43M | 729.64M | 698.76M | 691.12M | 686.72M | 685.84M | 685.76M | 691.77M | 680.48M | 670.28M | 454.13M |
| Retained Earnings | -674.84M | -667.06M | -645.87M | -505.28M | -399.36M | -350.71M | -305.88M | -264.28M | -242.39M | -210.6M | -140.6M | -74.44M | -16.91M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242.39M | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -4.52% | -4.45% | -23.41% | -14.27% | -5.69% | -4.68% | -4.65% | -2.61% | -3.14% | -3.01% | -2.64% | -2.66% | -1.42% |
| Return on Equity (ROE) | -35.64% | -28.19% | -90.59% | -38.77% | -13.65% | -10.77% | -10.21% | -3.9% | -3.46% | -3.29% | -3.03% | -3.05% | -1.49% |
| Debt / Assets | 78.75% | 78.61% | 79.5% | 65.17% | 57.17% | 55.54% | 54% | 49.91% | 37.69% | 30.71% | 24.73% | 16.49% | - |
| Debt / Equity | 6.14x | 5.40x | 4.71x | 2.01x | 1.41x | 1.30x | 1.22x | 1.07x | 0.42x | 0.34x | 0.27x | 0.20x | - |
| Net Debt / EBITDA | -915.65x | - | 39.30x | 74.58x | 257.21x | 36.74x | 47.54x | 15.59x | 13.22x | 11.13x | 11.15x | -14.47x | - |
| Book Value per Share | 22.32 | 25.43 | 34.40 | 100.95 | 185.96 | 216.36 | 238.43 | 797.38 | 440.26 | 434.30 | 445.39 | 373.84 | 417.29 |
Liquidity and solvency crisis
As reported in recent financial filings, the company's total assets have declined from $694.2 million in 2023Q4 to $445.0 million in 2026Q1, reflecting a consistent trend of asset liquidation or impairment that significantly diminishes the firm's overall scale and future revenue-generating potential.
The persistent reduction in total assets suggests a strategic retreat or forced divestment, likely driven by the need to address mounting liabilities. This contraction appears to be outpacing the company's ability to stabilize its remaining portfolio, raising questions about the long-term viability of its current business model.
Based on the company's reported figures, the debt-to-equity ratio has surged to 6.14 in 2026Q1, a dramatic increase from 2.01 in 2023Q4, which indicates that the firm's capital structure is becoming increasingly dominated by debt as equity value continues to evaporate.
This elevated leverage ratio, combined with the shrinking equity base, suggests that the company is highly sensitive to even minor fluctuations in property valuations. Investors should monitor whether this debt level is sustainable given the current negative operating cash flow and the lack of significant cash reserves.
As indicated by the company's financial statements, the cash balance has dwindled to $2.5 million as of 2026Q1, a level that appears dangerously low for a REIT managing a portfolio of Manhattan commercial condominiums with significant ongoing maintenance and capital expenditure requirements.
The limited liquidity suggests that the company may lack the necessary capital to fund tenant improvements or meet debt service obligations without further asset sales or external financing. This precarious position warrants close investigation into the firm's ability to maintain operational continuity in the near term.
According to the provided balance sheet data, shareholder equity has plummeted from $224.8 million in 2023Q4 to $57.1 million in 2026Q1, representing a substantial loss of value that may indicate significant impairment of the underlying real estate assets.
The rapid decline in equity suggests that the company's operating losses are directly impacting its net asset value, leaving little cushion for shareholders. This trend may imply that the market is pricing in a significant risk of further dilution or a total loss of value if the current trajectory is not reversed.
Quick answers to the most common questions about buying NYC stock.
As of 2025, American Strategic Investment Co. (NYC) had total assets of $445.2M including $16.7M in current assets.
American Strategic Investment Co. (NYC) carries total debt of $349.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
American Strategic Investment Co. (NYC) has total shareholders' equity (book value) of $64.8M ($25.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
American Strategic Investment Co. (NYC) reported a current ratio of 7.98x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.