American Strategic Investment Co. (NYSE:NYC) is a real estate company that owns commercial properties across New York City's five boroughs. The company is listed on the New York Stock Exchange under the symbol NYC. It focuses on managing and leasing its properties to generate revenue. NYC competes with other real estate investment trusts (REITs) in the region.
On November 19, 2025, NYC reported its earnings before the market opened. The company achieved an impressive earnings per share (EPS) of $13.60, significantly surpassing the estimated EPS of -$1.76. This positive EPS is noteworthy given the company's negative price-to-earnings ratio, indicating that despite current losses, NYC managed to deliver strong earnings.
However, NYC's actual revenue was $12.27 million, which fell short of the estimated $14.26 million. This revenue decline is primarily due to the sale of 9 Times Square in the previous year, as highlighted by the company's third-quarter results. The revenue for the quarter ending September 30, 2025, was $12.27 million, down from $15.4 million in the same quarter of 2024.
NYC's financial metrics reveal a mixed picture. The price-to-sales ratio of approximately 0.55 suggests that investors are paying $0.55 for every dollar of sales, while the enterprise value to sales ratio of about 0.46 indicates a relatively low valuation compared to its sales. The high current ratio of 6.52 reflects strong liquidity, showing the company's ability to cover short-term liabilities with short-term assets.
Despite these positive aspects, NYC faces challenges. The negative enterprise value to operating cash flow ratio suggests difficulties in generating cash flow from operations. This, combined with the negative earnings yield, indicates that the company is currently experiencing losses. Investors should consider these factors when evaluating NYC's financial health and future prospects.
