American Strategic Investment Co
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
NYC$5.87+1.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $188,935 | $192,600 |
| Buildings and improvements | 479,265 | 576,686 |
| Acquired intangible assets | 56,929 | 71,848 |
| Total real estate investments, at cost | 725,129 | 841,134 |
| Less accumulated depreciation and amortization | (144,956) | (167,978) |
| Total real estate investments, net | 580,173 | 673,156 |
| Cash and cash equivalents | 5,292 | 9,215 |
| Restricted cash | 7,516 | 6,902 |
| Operating lease right-of-use asset | 54,737 | 54,954 |
| Prepaid expenses and other assets | 6,150 | 5,624 |
| Derivative asset, at fair value | 400 | 1,607 |
| Straight-line rent receivable | 30,752 | 29,116 |
| Deferred leasing costs, net | 9,152 | 9,881 |
| Total assets | $694,172 | $790,455 |
| LIABILITIES AND EQUITY | ||
| Mortgage notes payable, net | $395,702 | $394,159 |
| Accounts payable, accrued expenses and other liabilities (including amounts due to related parties of $20 and $118 at December 31, 2023 and 2022, respectively) | 12,975 | 12,787 |
| Operating lease liability | 54,657 | 54,716 |
| Below-market lease liabilities, net | 2,061 | 3,006 |
| Deferred revenue | 3,983 | 4,211 |
| Total liabilities | 469,378 | 468,879 |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at December 31, 2023 and 2022 | — | — |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 2,334,340 and 1,886,298 (1) shares issued and outstanding as of December 31, 2023 and 2022, respectively | 23 | 19 |
| Additional paid-in capital (1) | 729,644 | 698,761 |
| Accumulated other comprehensive income (loss) | 406 | 1,637 |
| Distributions in excess of accumulated earnings | (505,279) | (399,355) |
| Total stockholders’ equity | 224,794 | 301,062 |
| Non-controlling interests | — | 20,514 |
| Total equity | 224,794 | 321,576 |
| Total liabilities and equity | $694,172 | $790,455 |
(1)Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organizationfor additional information).
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