American Strategic Investment Co.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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FY2024 · Filed Mar 19, 2025
NYC$5.87+1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $129,517 | $188,935 |
| Buildings and improvements | 341,314 | 479,265 |
| Acquired intangible assets | 19,063 | 56,929 |
| Total real estate investments, at cost | 489,894 | 725,129 |
| Less accumulated depreciation and amortization | (91,135) | (144,956) |
| Total real estate investments, net | 398,759 | 580,173 |
| Cash and cash equivalents | 9,776 | 5,292 |
| Restricted cash | 9,159 | 7,516 |
| Operating lease right-of-use asset | 54,514 | 54,737 |
| Prepaid expenses and other assets | 5,233 | 6,150 |
| Derivative asset, at fair value | — | 400 |
| Straight-line rent receivable | 23,060 | 30,752 |
| Deferred leasing costs, net | 6,565 | 9,152 |
| Total assets | $507,066 | $694,172 |
| LIABILITIES AND EQUITY | ||
| Mortgage notes payable, net | $347,384 | $395,702 |
| Accounts payable, accrued expenses and other liabilities (including amounts due to related parties of $317 and $20 at December 31, 2024 and 2023, respectively) | 15,302 | 12,975 |
| Operating lease liability | 54,592 | 54,657 |
| Below-market lease liabilities, net | 1,161 | 2,061 |
| Deferred revenue | 3,041 | 3,983 |
| Total liabilities | 421,480 | 469,378 |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at December 31, 2024 and 2023 | — | — |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 2,634,355 and 2,334,340 (1) shares issued and outstanding as of December 31, 2024 and 2023, respectively | 27 | 23 |
| Additional paid-in capital (1) | 731,429 | 729,644 |
| Accumulated other comprehensive income | — | 406 |
| Distributions in excess of accumulated earnings | (645,870) | (505,279) |
| Total stockholders’ equity | 85,586 | 224,794 |
| Total liabilities and equity | $507,066 | $694,172 |
(1)Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organizationfor additional information).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.