AMERICAN STRATEGIC INVESTMENT CO. is a Manhattan-focused real estate portfolio company with a diverse tenant base including government agencies and Investment Grade corporate tenants.
The company achieved a portfolio occupancy of 80.9% with a weighted-average Remaining Lease Term of 6.2 years.
Key highlights include a top 10 tenant base that is 69% Investment Grade rated and well-located core office properties in desirable submarkets near major transportation hubs.
Portfolio Occupancy and Tenant Base
Occupancy at 80.9% with Investment Grade corporate tenants and government agencies.
Lease Maturity Schedule
Over 56% of leases expiring after 2030, ensuring a well-balanced long-term lease maturity schedule.
Capital Structure Advantages
100% fixed-debt capital structure with a weighted-average interest rate of 5.33%, demonstrating stability.
Financial Decision Impact
Change of auditor firms to CBIZ for cost savings and consensual foreclosure to eliminate upcoming debt maturity.
- The company's strategic dispositions and sale efforts for specific properties aim to generate significant proceeds and further diversify investments beyond Manhattan real estate.
- With a net leverage of 58.6% and no debt maturities until 2027, the company maintains a conservative debt profile enhancing long-term stability.
AMERICAN STRATEGIC INVESTMENT CO. continues to demonstrate prudent financial management with strategic dispositions and a stable capital structure, positioning the company for long-term success in the real estate market.