# NYC earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/NYC) · [Earnings tab](https://www.lopjlb.com/stock/NYC?tab=earnings)

Updated: 2026-11-13T07:13:29

Quarters analyzed: 8

## Cross-quarter narrative

Across 8 calls for NYC, management tone moved from +0.00 (2023 Q4) to +0.00 (2025 Q4). Latest guidance stance: vague. Latest desk line: ASIC reports 2025 results: 80.3% occupancy, investment-grade tenants, 1140 Ave of Americas sold ($46.6M gain), but 1.5-yr debt maturity and two potential property sales loom.','tone': {'mgmt': 0.1, 'mgmt_rationale': 'Management highlights portfolio stability with investment-grade tenants, long lease

## Latest CallCard · Q4

ASIC reports 2025 results: 80.3% occupancy, investment-grade tenants, 1140 Ave of Americas sold ($46.6M gain), but 1.5-yr debt maturity and two potential property sales loom.','tone': {'mgmt': 0.1, 'mgmt_rationale': 'Management highlights portfolio stability with investment-grade tenants, long lease

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2025 Q4:** ASIC reports 2025 results: 80.3% occupancy, investment-grade tenants, 1140 Ave of Americas sold ($46.6M gain), but 1.5-yr debt maturity and two potential property sales loom.','tone': {'mgmt': 0.1, 'mgmt_rationale': 'Management highlights portfolio stability with investment-grade tenants, long lease
- **2025 Q3:** NYC Q3 focused on balance sheet management via consensual foreclosure of 1140 Ave of Americas ($99M liability), marketing two assets for sale to fund higher-yielding investments, while lease term extended to 6.2 years and expenses reduced via auditor change. Revenue and EBITDA declined due to prior 
- **2025 Q2:** NYC Q2 2025: occupancy flat at 82%, lease renewals extend portfolio term to 6 years, marketing two properties for sale to retire debt and reinvest, foreclosure initiated at 1140 Avenue of the Americas, revenue and EBITDA down due to prior asset sale.
- **2025 Q1:** ASIC reports occupancy up 120bps to 82% with active leasing pipeline, but revenue fell 21% YoY to $12.3M, net loss widened to $8.6M, and adjusted EBITDA turned negative; actively marketing two Manhattan assets for sale to reduce 58% leverage and 2.3-year debt maturity. No analyst Q&A occurred. No gu
- **2024 Q4:** ASIC sold 9 Times Square for $63.5M, relaunching sales of two more properties to diversify beyond Manhattan; portfolio at 80.8% occupancy with 77% investment-grade top tenants; CEO transitioning to Nick Schorsch Jr. amid widening GAAP losses. Cash NOI stable, balance sheet 100% fixed-rate debt at 4.
- **2024 Q3:** NYC Q3: occupancy up 70bps to 85.8%, cash NOI +$0.3M to $6.8M; selling 9 Times Sq for $63.5M (close Q4), marketing 123 William & 196 Orchard to redeploy into higher-yielding non-NYC assets; leverage ~60%, debt maturity 2.5yrs.','tone': {'mgmt': 0.7, 'mgmt_rationale': 'Management highlighted occupanc
- **2024 Q1:** —
- **2023 Q4:** ASIC grew portfolio occupancy to 86.7% via 15 new leases in 2023, but took $66.1M impairment on 1140 Ave of Americas; CFO transition underway; three assets identified with embedded equity value.','tone': {'mgmt': 0.3, 'mgmt_rationale': 'Management highlights leasing success (400 bps occupancy growth

## Theme arcs

- **Management tone** (stable): Δ mgmt=+0.00

## Fear persistence

- **property disposition risk** [resolved]: 2024 Q4
- **leasing/occupancy risk** [resolved]: 2024 Q4
- **gaap profitability** [resolved]: 2024 Q4
- **ceo transition** [resolved]: 2024 Q4
- **interest rate risk** [resolved]: 2024 Q4
- **concentration risk** [resolved]: 2024 Q4
- **foreclosure risk** [resolved]: 2025 Q2
- **asset sale execution risk** [resolved]: 2025 Q2
- **revenue/ebitda decline** [resolved]: 2025 Q2
- **impairment charges** [resolved]: 2025 Q2

## Guidance path

2023 Q4:vague → 2024 Q1:vague → 2024 Q3:vague → 2024 Q4:vague → 2025 Q1:vague → 2025 Q2:vague → 2025 Q3:vague → 2025 Q4:vague

---

Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/NYC`