$NYC

American Realty Capital New York City REIT, Inc.

CIK:0001595527|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue from tenants	$ 7,315,000	$ 12,222,000	$ 14,663,000	$ 24,530,000
Operating expenses:
Asset and property management fees to related parties	1,791,000	1,682,000	3,343,000	3,550,000
Property operating	4,303,000	7,987,000	8,905,000	16,124,000
Impairments of real estate investments	0	30,558,000	0	30,558,000
Equity-based compensation	63,000	92,000	154,000	184,000
General and administrative	2,884,000	2,172,000	5,197,000	5,307,000
Depreciation and amortization	2,490,000	3,545,000	5,010,000	7,136,000
Total operating expenses	11,531,000	46,036,000	22,609,000	62,859,000
Operating loss before gain on disposition of real estate investments	(4,216,000)	(33,814,000)	(7,946,000)	(38,329,000)
Gain on disposition of real estate investments			4,534,000	0
Operating loss	(1,936,000)	(33,814,000)	(3,412,000)	(38,329,000)
Other income (expense):
Interest expense	(4,086,000)	(7,850,000)	(8,134,000)	(11,933,000)
Interest expense associated with property in receivership	(2,280,000)	0	(4,534,000)	0
Other income	3,000	4,000	6,000	10,000
Total other expense	(6,363,000)	(7,846,000)	(12,662,000)	(11,923,000)
Net loss before income tax	(8,299,000)	(41,660,000)	(16,074,000)	(50,252,000)
Income tax expense	0	0	0	0
Net loss	$ (8,299,000)	$ (41,660,000)	$ (16,074,000)	$ (50,252,000)
Weighted-average shares outstanding — Basic (in shares)	2,733,561	2,541,402	2,645,856	2,537,501
Weighted-average shares outstanding — Diluted (in shares)	2,733,561	2,541,402	2,645,856	2,537,501
Net loss per share attributable to common stockholders - Basic (in dollars per share)	$ (3.04)	$ (16.39)	$ (6.08)	$ (19.80)
Net loss per share attributable to common stockholders — Diluted (in dollars per share)	$ (3.04)	$ (16.39)	$ (6.08)	$ (19.80)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss			$ (16,074)	$ (50,252)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	$ 2,490	$ 3,545	5,010	7,136
Amortization of deferred financing costs			343	839
Accretion of below- and amortization of above-market lease liabilities and assets, net			(33)	(250)
Equity-based compensation	63	92	154	184
Common stock issued to the Advisor in connection with Advisor related fees (see Note 8)			4,066	0
Impairments of real estate investments	0	30,558	0	30,558
Changes in assets and liabilities:
Straight-line rent receivable			(327)	468
Straight-line rent payable			0	51
Prepaid expenses, other assets and deferred costs			591	(1,058)
Accounts payable, accrued expenses and other liabilities			6,977	7,254
Deferred revenue			(537)	(469)
Net cash provided by (used in) operating activities			170	(5,539)
Cash flows from investing activities:
Capital expenditures			(498)	(558)
Net cash used in investing activities			(498)	(558)
Cash flows from financing activities:
Proceeds from notes payable to related parties			1,920	0
Payments on mortgage note payable			(1,700)	0
Net cash provided by financing activities			220	0
Net change in cash, cash equivalents and restricted cash			(108)	(6,097)
Cash, cash equivalents and restricted cash, beginning of period			8,047	18,935
Cash, cash equivalents and restricted cash, end of period	7,939	12,838	7,939	12,838
Cash and cash equivalents	2,422	5,313	2,422	5,313
Restricted cash	5,517	7,525	5,517	7,525
Cash and cash equivalents and restricted cash	$ 7,939	$ 12,838	7,939	12,838
Supplemental Disclosures:
Cash paid for interest			5,495	5,988
Non-Cash Investing and Financing Activities:
Net change in accrued capital expenditures for the period			0	(251)
Accrued interest associated with property in receivership			4,534	0
Contract asset			$ (4,534)	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Real estate investments, at cost:
Land	$ 114,099	$ 114,099
Buildings and improvements	268,970	268,474
Acquired intangible assets	5,389	5,389
Total real estate investments, at cost	388,458	387,962
Less accumulated depreciation and amortization	(85,267)	(80,579)
Total real estate investments, net	303,191	307,383
Cash and cash equivalents	2,422	1,297
Restricted cash	5,517	6,750
Contract asset	113,182	108,648
Prepaid expenses and other assets	2,915	3,169
Straight-line rent receivable	15,094	15,421
Deferred leasing costs, net	2,430	2,492
Total assets	444,751	445,160
LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgage notes payable, net	249,908	249,565
Debt associated with property in receivership	99,000	99,000
Accrued interest associated with property in receivership	14,182	9,648
Accounts payable, accrued expenses and other liabilities (including amounts due to/(from) related parties of $68 and $(280) at June 30, 2026 and December 31, 2025, respectively)	25,717	18,739
Note payable to related parties	870	650
Below-market lease liabilities, net	615	708
Deferred revenue	1,557	2,094
Total liabilities	391,849	380,404
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 3,163,632 and 2,692,941 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	32	27
Additional paid-in capital	736,008	731,793
Accumulated deficit	(683,138)	(667,064)
Total equity	52,902	64,756
Total liabilities and equity	$ 444,751	$ 445,160
Common stock, shares issued (in shares)	3,163,632	2,692,941