American Strategic Investment Co. (NYSE:NYC) Q1 2023 Earnings Conference Call May 12, 2023 11:00 AM ET

Company Participants

Curtis Parker - Senior Vice President

Michael Weil - Chief Executive Officer

Chris Masterson - Chief Financial Officer

Conference Call Participants

Bryan Maher - B. Riley

Operator

Good morning, and welcome to the American Strategic Investment Co.'s First Quarter 2023 Earnings Call. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Curtis Parker, Senior Vice President. Please go ahead.

Curtis Parker

Thank you. Good morning everyone and thank you for joining us for our first quarter 2023 earnings call. This event is being webcast in the Investor Relations section of our website.

Joining me today on the call to discuss the quarter's results are Michael Weil, American Strategic Investment Co.'s Chief Executive Officer; and Chris Masterson, the Chief Financial Officer.

The following information contains forward-looking statements, which are subject to risks and uncertainties. Should one or more of these risks or uncertainties materialize, actual results may differ materially from those expressed or implied by the forward-looking statements.

We refer all of you to our SEC filings, including the Form 10-K filed for the year ended December 31st, 2022, and filed on March 16th, 2023, and all subsequent SEC filings for a more detailed discussion of the risk factors that could cause these differences.

Any forward-looking statements provided during this conference call are only made as of the date of this call. As stated in our SEC filings, the company disclaims any intent or obligation to update or revise these forward-looking statements, except as required by law.

Also during today's call, we will discuss non-GAAP financial measures, which we believe can be useful in evaluating the company's financial performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.

A reconciliation of these measures to the most directly comparable GAAP measure is available in our earnings release, which is posted on our website at www.americanstrategicinvestment.com.

Please also refer to our earnings release for more detailed information about what we consider to be implied investment-grade tenants, a term we will use throughout today's call.

I will now turn the call over to Michael Weil, Chief Executive Officer. Please go ahead, Mike.

Michael Weil

Thanks Curtis. Good morning, and thank you all for joining us today. We continue to focus on leasing activity during the first quarter, while completing our changing corporate structure and the rights offering to existing shareholders.