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NYSE:NYC
New York City REIT, Inc. Stock Earnings Reports
$10.75
+0.400 (+3.86%)
At Close: Mar 24, 2025
New York City REIT. Earnings Calls
Q4 2024
Missed
-$2.60 (-26.21%)
| Release date | Mar 19, 2025 |
| EPS estimate | -$2.06 |
| EPS actual | -$2.60 |
| EPS Surprise | -26.21% |
| Revenue estimate | 14.738M |
| Revenue actual | 14.889M |
| Revenue Surprise | 1.02% |
Q3 2024
| Release date | Nov 12, 2024 |
| EPS estimate | -$2.62 |
| EPS actual | -$2.62 |
| Revenue estimate | 14.738M |
| Revenue actual | 15.447M |
| Revenue Surprise | 4.81% |
Q2 2024
Beat
-$2.84 (5.02%)
| Release date | Aug 09, 2024 |
| EPS estimate | -$2.99 |
| EPS actual | -$2.84 |
| EPS Surprise | 5.02% |
| Revenue estimate | 16.062M |
| Revenue actual | 15.825M |
| Revenue Surprise | -1.48% |
Q1 2024
Missed
-$3.42 (-11.40%)
| Release date | Apr 01, 2024 |
| EPS estimate | -$3.07 |
| EPS actual | -$3.42 |
| EPS Surprise | -11.40% |
| Revenue estimate | 16.531M |
| Revenue actual | 15.549M |
| Revenue Surprise | -5.94% |
Last 4 Quarters for New York City REIT.
Below you can see how NYC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | Apr 01, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $6.58 |
| EPS estimate | -$3.07 |
| EPS actual | -$3.42 |
| EPS surprise | -11.40% |
| Date | Price |
|---|---|
| Mar 25, 2024 | $6.70 |
| Mar 26, 2024 | $6.30 |
| Mar 27, 2024 | $6.25 |
| Mar 28, 2024 | $6.35 |
| Apr 01, 2024 | $6.58 |
| Apr 02, 2024 | $6.43 |
| Apr 03, 2024 | $6.21 |
| Apr 04, 2024 | $6.12 |
| Apr 05, 2024 | $6.55 |
| 4 days before | -1.79% |
| 4 days after | -0.456% |
| On release day | -2.28% |
| Change in period | -2.24% |
Q2 2024
Beat
| Release date | Aug 09, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $8.92 |
| EPS estimate | -$2.99 |
| EPS actual | -$2.84 |
| EPS surprise | 5.02% |
| Date | Price |
|---|---|
| Aug 05, 2024 | $8.35 |
| Aug 06, 2024 | $8.60 |
| Aug 07, 2024 | $8.10 |
| Aug 08, 2024 | $8.74 |
| Aug 09, 2024 | $8.92 |
| Aug 12, 2024 | $8.51 |
| Aug 13, 2024 | $8.51 |
| Aug 14, 2024 | $8.61 |
| Aug 15, 2024 | $8.71 |
| 4 days before | 6.83% |
| 4 days after | -2.35% |
| On release day | -4.60% |
| Change in period | 4.31% |
Q3 2024
| Release date | Nov 12, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $8.64 |
| EPS estimate | -$2.62 |
| EPS actual | -$2.62 |
| Date | Price |
|---|---|
| Nov 06, 2024 | $8.88 |
| Nov 07, 2024 | $8.70 |
| Nov 08, 2024 | $8.83 |
| Nov 11, 2024 | $8.72 |
| Nov 12, 2024 | $8.64 |
| Nov 13, 2024 | $8.65 |
| Nov 14, 2024 | $8.63 |
| Nov 15, 2024 | $8.77 |
| Nov 18, 2024 | $8.81 |
| 4 days before | -2.70% |
| 4 days after | 1.97% |
| On release day | 0.116% |
| Change in period | -0.788% |
Q4 2024
Missed
| Release date | Mar 19, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $9.90 |
| EPS estimate | -$2.06 |
| EPS actual | -$2.60 |
| EPS surprise | -26.21% |
| Date | Price |
|---|---|
| Mar 13, 2025 | $10.34 |
| Mar 14, 2025 | $10.00 |
| Mar 17, 2025 | $10.00 |
| Mar 18, 2025 | $9.51 |
| Mar 19, 2025 | $9.90 |
| Mar 20, 2025 | $9.56 |
| Mar 21, 2025 | $10.35 |
| Mar 24, 2025 | $10.75 |
| 4 days before | -4.26% |
| 4 days after | 8.59% |
| On release day | -3.47% |
| Change in period | 3.97% |
New York City REIT. Earnings Call Transcript Summary of Q4 2024
Key Points for Investors from the American Strategic Investment Co. (ASIC) Q4 and Year-End 2024 Earnings Call:
- Leadership Transition:
Michael Anderson announced his resignation as CEO, with Nick Schorsch Jr. appointed as his successor. This change may impact future strategic directions and investor sentiment.
- Property Sales and Portfolio Strategy:
- ASIC completed the sale of 9 Times Square for $63.5 million, generating net proceeds of roughly $13.5 million, which strengthened their cash position.
- The company is actively marketing 123 William Street and 196 Orchard to further diversify its asset base away from Manhattan real estate.
- The current portfolio consists of six real estate assets in NYC, focusing on high-quality tenants, with 77% of the top 10 tenants categorized as investment grade.
- Financial Performance:
- Total Revenue: $61.6 million for 2024 (down from $62.7 million in 2023); Q4 revenue was $14.9 million (compared to $15.4 million in Q4 2023).
- Net Loss: $140.6 million for the full year 2024 (compared to $105.9 million in 2023); Q4 loss was $6.7 million (down from $73.9 million in Q4 2023).
- Adjusted EBITDA: $11.9 million for 2024, with $1.3 million for Q4.
- Cash NOI: Slight improvement to $27.6 million for the year (from $27.3 million in 2023), and $6.4 million in Q4.
- Balance Sheet and Debt Management:
- The company maintains a conservative balance sheet with 100% fixed-rate debt and a net leverage ratio of 56.9%.
- Total net debt stands at $340.2 million, with a weighted average effective interest rate of 4.4% and a remaining debt term of 3.6 years.
- All debt is fixed-rate or swapped to fixed-rate, optimizing debt costs prior to recent increases in interest rates.
- Leasing and Occupancy:
- The portfolio has an occupancy rate of 80.8% and an average lease term of 6.3 years.
- Five new leases were secured in 2024, totaling over 37,000 square feet and contributing an additional $2 million in straight-line rent.
- The focus remains on attracting tenants in resilient industries such as financial services and medical institutions.
- Future Outlook:
- ASIC aims to strengthen its existing portfolio and explore new income-generating investments.
- The completion of recent property sales positions the company to capitalize on future investment opportunities.
- The management team expresses optimism about the company's future value for shareholders under the new leadership.
Conclusion:
Investors should note the leadership change, overall mixed financial performance, proactive sales strategy, and asset management efforts as signs of the company's direction and potential for recovery or growth in the coming periods.
New York City REIT. Earnings History
Earnings Calendar
FAQ
When is the earnings report for NYC?
New York City REIT, Inc. (NYC) has scheduled its earnings report for May 08, 2025 before the markets open.
What is the NYC price-to-earnings (P/E) ratio?
NYC P/E ratio as of Mar 24, 2025 (TTM) is -0.196.
What is the NYC EPS forecast?
The forecasted EPS (Earnings Per Share) for New York City REIT, Inc. (NYC) for the first fiscal quarter 2025 is $.
What are New York City REIT, Inc.'s retained earnings?
On its balance sheet, New York City REIT, Inc. reported retained earnings of $14.89 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
