NYC News and Press, New York City REIT Inc. Class A From 02/27/23

American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today the final results of its non-transferable rights offering (the “Rights Offering), which entitled holders of rights to purchase 0.20130805 of a share of the Company’s Cl...

Summary The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%). ...

American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today that it commenced an offering of shares of its Class A common stock, par value $0.01 per share (the “Common Stock”) through a rights offering (the “Rights Offeri...

New York City REIT ( NYSE: NYC ) said Thursday it completed a 1-for-8 reverse stock split, which became effective a day earlier, and terminated its REIT status. Each outstanding share was automatically converted into 0.125 shares. The number of outstanding share...

New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it completed a previously announced reverse stock split at a ratio of 1-for-8 (the “Reverse Stock Split”). The Reverse Stock Split took effect at 5:00 p.m. Eastern Time on ...

New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it will change its name to American Strategic Investment Co. effective on January 19, 2023 and the Company will begin trading under the new name on January 20, 2023. The Company will fil...

Summary U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0...

New York City REIT ( NYSE: NYC ) expects to change its REIT election and become a taxable C corporation. The election if and when made, would be effective as of January 1, 2023. Additionally, the board approved a 1-for-8 reverse stock split, converting each outstanding common share in...

- Strategic change includes expanding the nature and type of assets owned and operated - - Expects to benefit from portfolio diversification and new revenue opportunities - - Expects to generate greater growth and profitability by evolving business strategy - New York City R...

Summary U.S. equity markets declined for a third-straight week as benchmark interest rates surged after the advance of a $1.7 trillion federal spending package overshadowed another slate of encouraging inflation data. Declining for a third-straight week and finishing back on the cusp of...