New York City REIT, Inc. (NYC)

NYSE: NYC · IEX Real-Time Price · USD
3.48
-0.08 (-2.25%)
Aug 18, 2022 4:00 PM EDT - Market closed
-2.25%
Market Cap 48.08M
Revenue (ttm) 71.93M
Net Income (ttm) -37.26M
Shares Out 13.82M
EPS (ttm) -2.84
PE Ratio n/a
Forward PE n/a
Dividend $0.30 (8.62%)
Ex-Dividend Date Apr 8, 2022
Volume 109,245
Open 3.63
Previous Close 3.56
Day's Range 3.45 - 3.69
52-Week Range 3.45 - 13.75
Beta n/a
Analysts Sell
Price Target 10.20 (+193.1%)
Earnings Date Aug 12, 2022

About NYC

New York City REIT, Inc. (NYSE: NYC) is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City. [Read more...]

Industry REIT-Office
Country United States
Stock Exchange NYSE
Ticker Symbol NYC
Full Company Profile

Financial Performance

In 2021, NYC's revenue was $70.22 million, an increase of 11.64% compared to the previous year's $62.90 million. Losses were -$39.47 million, -3.65% less than in 2020.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for NYC stock is "Sell." The 12-month stock price forecast is 10.2, which is an increase of 193.10% from the latest price.

Price Target
$10.2
(193.10% upside)
Analyst Consensus: Sell
Stock Forecasts

News

New York City REIT, Inc. (NYC) Reports Q2 Loss, Tops Revenue Estimates

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of -83.33% and 1.44%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT Announces Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the f...

New York City REIT Announces Release Date for Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the second quarter ended June 30, 2022 on Friday, Augus...

NYC REIT stock drops after dividend suspended to help fund leasing commitment, tenant improvement costs

Shares of New York City REIT Inc. NYC, -1.74% slid 1.7% in afternoon trading Friday, after the real estate investment trust that owns a portfolio of commercial real estate in New York, said it was "temp...

NYC Announces Portfolio Occupancy Grows to Over 87%1, Temporary Suspension of Cash Dividend to Generate Additional Wo...

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that ongoing strong leasing activity has grown its pure-play New York City portfolio occupancy by...

NYC Announces 140,000 Square Feet of New and Renewed Leases

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has executed one new lease and three lease renewals in its pure-play New York City portfo...

NYC Announces Achievement of the WELL Health-Safety Rating for 9 Times Square, 1140 Avenue of the Americas and 123 Wi...

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it has earned the WELL Health-Safety Rating for its properties at 9 Times Square, 1140 Avenue of ...

New York City REIT Announces Confirmed Voting Results of 2022 Annual Meeting

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that the voting results of its 2022 Annual Meeting of Stockholders have been confirmed by the Ind...

New York City REIT Announces Re-Election of Elizabeth Tuppeny to Board of Directors

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that, based on a preliminary vote count by its proxy solicitor, Elizabeth Tuppeny has been decisi...

NYC REIT Comments on Glass Lewis Report

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today issued the following statement in response to the report issued by Glass, Lewis & Co., LLC relating to the ...

Glass Lewis Recommends New York City REIT Stockholders Vote FOR Sharon Stern on the WHITE Proxy Card

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or th...

NYC REIT Sends Letter Urging Shareholders to Vote for Company's Incumbent Director Nominee as Annual Meeting Approaches

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today sent a letter urging shareholders to act quickly to vote the Gold card “FOR” the reelection of Elizabeth Tu...

NYC Announces 13,500 Square Feet of New Leasing Activity at 9 Times Square

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has signed two non-binding LOIs for new leases with tenants at 9 Times Square. The LOI's ...

Comrit Investments Issues Letter to New York City REIT Stockholders Regarding the Board's Conflicts and Governance La...

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or th...

NYC REIT Comments on Institutional Shareholder Services Report

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today issued the following statement in response to the report issued by Institutional Shareholder Services (“ISS...

ISS Recommends New York City REIT Stockholders Vote for Sharon Stern on the WHITE Proxy Card

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or th...

NYC REIT Sends Letter to Shareholders Comparing Credentials of Board Candidates

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today sent a letter to shareholders clearly comparing the credentials of its experienced and highly-qualified dir...

New York City REIT, Inc. (NYC) Reports Q1 Loss, Tops Revenue Estimates

New York City REIT, Inc. (NYC) delivered FFO and revenue surprises of -87.50% and 0.17%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

New York City REIT Announces First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”), a real estate investment trust that owns a portfolio of high-quality commercial real estate located within the f...

NYC REIT Sends Letter to Shareholders Outlining Strong Performance in 2021 and Continuing Momentum In 2022

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) has sent a letter to shareholders outlining the Company's strong performance in 2021, which led to it being one o...

Comrit Investments Releases Presentation Detailing the Urgent Need for Change in New York City REIT's Boardroom

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or th...

New York City REIT Sends Letter to Shareholders Regarding Comrit's Misleading and Self-Serving Campaign

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) recently sent a letter to shareholders regarding the misleading and self-serving campaign initiated by activist C...

NYC REIT Sends Letter to Shareholders Outlining Reasons to Re-elect Elizabeth Tuppeny to Board

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) today sent a letter to shareholders outlining the many reasons why shareholders should re-elect the Company's Lea...

Comrit Investments Issues Letter to New York City REIT Stockholders

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or th...

New York City REIT Announces Release Date for First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--New York City REIT, Inc. (NYSE: NYC) (“NYC” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2022 on Friday, May 1...