New York City REIT Inc

American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm’s top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in New York, NY.

Earnings data Q1 2021

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New York City REIT Inc reports solid Q1 results and strategic growth plans

NYC's Q1 performance reflects positive growth in key metrics, supported by a strategic focus on diversification and portfolio stability.
While challenges exist in executing property sales and navigating market conditions, NYC's strengths lie in its financial prudence and growth strategy.
Opportunities for NYC include leveraging property sales to enhance financial flexibility, diversifying its portfolio, and optimizing shareholder value.

NYC REIT Inc reports robust Q2 results amidst strategic divestments

NYC REIT Inc's Q2 2024 performance reflects operational strength with notable growth in adjusted EBITDA and occupancy.
While facing challenges such as noncash impairments and flat revenue, the company maintains a conservative balance sheet and strategic divestment plans.
Opportunities lie in contract signings, market improvements, and reinvestment strategies that position NYC REIT for future growth and value creation.
Management's positive outlook for future quarters indicates confidence in the company's ability to navigate challenges and capitalize on opportunities.

NYC REIT reports positive Q3 results and plans strategic divestment

New York City REIT Inc (NYC) delivered strong Q3 results with a focus on improving financial metrics and portfolio diversification.
The company's emphasis on reducing leverage, strengthening cash position, and pursuing higher-yielding opportunities reflects a strategic approach to enhance shareholder value.
Despite challenges in managing debt and evaluating financial performance, NYC REIT remains optimistic about its growth prospects and market opportunities.

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American Strategic Investment Co. is a publicly traded real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan. Its portfolio is diversified across eight office and retail condominium assets. The firm's top tenants feature a balance of large investment grade rated corporate tenants and government agencies. The company was founded on December 19, 2013 and is headquartered in Newport, RI.

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) announced today that the entire ground floor of 8713 Fifth Avenue in Brooklyn, NY has been leased to Treasure Island, an operator of nursery schools and daycare centers with an almost 40-year history in the area. Treasure Island signed a 20-year lease that includes 1.5% annual rent increases and is expected to commence during the third quarter of 2022. “The long-term lease we signed with Treasure Island will provide much needed cla

NYC Signs Long-Term Lease With Treasure Island Preschool at Brooklyn Property

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE:NYC) launched its subsidiary, Innovate NYC, earlier this year at 1140 Ave of the Americas in Manhattan's Bryant Park submarket. Innovate NYC provides private office solutions, meeting rooms and individual workspaces with modern amenities and dedicated on-site staff to meet the needs of tenants and their guests. “Since its launch, Innovate NYC has been providing the comforts of a full-service office on bespoke terms to our clients, with o

Innovate NYC Offers Private Office Solutions in Midtown Manhattan

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today issued the following open letter to the Company's Board of Directors (the “Board”) regarding Comrit's decision to nominate a highly qualified, independent candidate for election to the Company's Board at the 2022 Annual Meeting of Stockholders (the “Annual Meeting”). Below is

Comrit Investments Nominates Highly Qualified and Independent Director Candidate for Election to New York City REIT's Board of Directors

New York City REIT, Inc. (NYC) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Bears are Losing Control Over New York City REIT, Inc. (NYC), Here's Why It's a 'Buy' Now

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Walgreens

CVS Health Corp. to close nearly 10% of its US locations over the next three years. In an agenda to improve profitability, the company plans to add new health services.

CVS To Close 900 Stores: Smart Move And REIT Landlords Benefit Too

New York City REIT, Inc. (NYC) CEO Mike Weil on Q3 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended September 30, 2021. Third Quarter 2021 and Subsequent Event Highlights Revenue of $15.8 million, up $0.9 million from $15.0 million in the second quarter, 2021 Net loss attributable to c

New York City REIT Announces Third Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the third quarter ended September 30, 2021 on Friday, November 12, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, November 12, 2021, beginning at 11:00 a.m. ET, to discuss the first quarter results and provide commentary on business performance. The call will be co

New York City REIT Announces Release Date for Third Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) is pleased to announce that its property at 123 William Street in New York, NY has been named Building of the Year in the Operating Office Building 500,000 – 1,000,000 square foot category by the Building Owners and Managers Association of New York (“BOMA New York”). 123 William Street is a 545,000 square-foot office building in downtown Manhattan. Major tenants include government, financial and not-for-profit organizations. “We ar

NYC'S 123 William Street Named Building of the Year by BOMA New York

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC”) announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis. NYC anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common

New York City REIT, Inc. Announces Common Stock Dividend for Fourth Quarter 2021

JPMorgan BetaBuilders MSCI US REIT ETF

Cambria Global Real Estate ETF

Blackstone Group

City Office REIT

Diversified Healthcare Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate

First Trust S&P REIT Index Fund

GEO Group

iShares Cohen & Steers REIT ETF

Invesco KBW Premium Yield Equity REIT ETF

Nuveen Short-Term REIT ETF

QTS Realty Trust

iShares Global REIT ETF

ALPS Active REIT ETF

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Tanger Factory Outlet Centers

Global X SuperDividend REIT ETF

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Global X Data Center REITs & Digital Infrastructure ETF

REITs continue to achieve positive total returns in every single month of 2021 with +0.87% average return in August. Large cap REITs (+2.3%) continued to outperform their smaller peers in August. Micro caps (-2.49%) underperformed again.

The State Of REITs: September 2021 Edition

New York City REIT's (NYC) CEO Mike Weil on Q2 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the second quarter ended June 30, 2021. Second Quarter 2021 and Subsequent Event Highlights Revenue of $15.0 million Net loss attributable to common stockholders was $11.1 million Cash net operating income (“NO

New York City REIT Announces Second Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the second quarter ended June 30, 2021 on Thursday, August 12, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 12, 2021, beginning at 10:00 a.m. ET, to discuss the first quarter results and provide commentary on business performance. The call will be conduc

New York City REIT Announces Release Date for Second Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC”) announced today that it intends to continue to pay dividends on its shares of Class A common stock and Class B common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis. NYC anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless other

New York City REIT, Inc. Announces Common Stock Dividend for Third Quarter 2021

New York City REIT has had a mixed, but rough, time these past few years. Though it owns high-quality real estate, it struggles on its bottom line.

New York City REIT: Much Better Prospects Abound

New York City REIT, Inc. (NYC) CEO Mike Weil on Q1 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the first quarter ended March 31, 2021. First Quarter 2021 and Subsequent Event Highlights Revenue was $15.2 million as compared to $17.5 million for the first quarter 2020 and up from $9.9 million in fourth qu

New York City REIT Announces First Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2021 on Thursday, May 13, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 13, 2021, beginning at 11:00 a.m. ET, to discuss the first quarter results and provide commentary on business performance. The call will be conducted by

New York City REIT Announces Release Date for First Quarter 2021 Results

New York City REIT, Inc. Announces Common Stock Dividend for Second Quarter 2021

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 and Subsequent Event Highlights Revenue was $9.9 million Net loss attributable to common stockholders was $16.6 million or $1.30 per shar

New York City REIT Announces Fourth Quarter and Full Year 2020 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the fourth quarter and full year ended December 31, 2020 on Tuesday, March 16, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Tuesday, March 16, 2021, beginning at 11:00 a.m. ET, to discuss the fourth quarter and full year results and provide commentary on business perform

New York City REIT Announces Release Date for Fourth Quarter and Full Year 2020 Results

New York City REIT, Inc. Announces Common Stock Dividend for First Quarter 2021

ORINDA, Calif., Dec. 28, 2020 (GLOBE NEWSWIRE) -- MacKenzie Capital Management, LP has announced a tender offer for Class B Shares (the “Shares”) of New York City REIT, Inc. The Purchasers are offering to purchase up to 65,000 Class B Shares for $6.50 per Share.

MacKenzie Capital Management, LP announces a tender offer for Class B Shares of New York City REIT, Inc. (NYSE:NYC)

COVID has decimated New York City's economy. High COVID infection rates and low office utilization rates fuel concerns about the impact of work from home on the NYC office market. NYC REIT has very low NOI margins and higher G&A expenses compared to its peers, contributing to negative cash flow generation.

If You Believe In A New York City Comeback, Look Beyond The New Pure Play NYC REIT

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