Overview

* American Strategic Q3 revenue declined

* Net income for Q3 was $35.8 mln due to non-cash gain from property disposition

* Adjusted EBITDA fell to $1.9 mln from $4.2 mln in Q3 2024

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* REVENUE DECLINE - Revenue decreased due to the sale of 9 Times Square in the prior year

* NON-CASH GAIN - Net income driven by non-cash gain from disposition of 1140 Avenue of the Americas

* FORECLOSURE STRATEGY - Consensual foreclosure at 1140 Avenue of the Americas aimed to remove restrictive covenants and reduce expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $12.27

Revenue mln

Q3 EPS $13.60

Q3 Net $35.75

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)