American Strategic Investment Co. Reports Net Loss of $22.7 Million for the Second Quarter of 2023

American Strategic Investment Co. (NYC), a real estate investment company, relea sed its unaudited consolidated financial statements for the second quarter and first half of 2023. The company reported a net loss of $10.9 million for the three months ended June 30, 2023, reflecting a challenging operating environment. Despite this, revenue from tenants remained steady, amounting to $15.8 million for the second quarter and $31.3 million for the first half of the year.

Net Loss in Q2 2023

The financial statements revealed that American Strategic Investment Co. faced a net loss of $10.9 million during the three months ending June 30, 2023. This loss indicates the financial challenges the company has encountered during this period.

Steady Revenue Generation