New York City REIT, Inc. (NYC) financial statements (2022 and earlier)

Company profile

Business Address 650 FIFTH AVE
NEW YORK, NY 10019
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,67430,99951,19947,95239,59847,671
Cash and cash equivalents11,67430,99951,19947,95239,59847,671
Total current assets:11,67430,99951,19947,95239,59847,671
Noncurrent Assets
Operating lease, right-of-use asset55,16755,37555,579
Property, plant and equipment765,176762,519193,658138,110133,380133,380
Intangible assets, net (including goodwill)  61,45666,53377,00991,207
Intangible assets, net (excluding goodwill)  61,45666,53377,00991,207
Total noncurrent assets:820,343817,894310,693204,643210,389224,587
Other undisclosed assets(8,966)12,953539,464521,147510,463501,346
TOTAL ASSETS:823,051861,846901,356773,742760,450773,604
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities471,915480,279480,807330,062278,966233,413
Total liabilities:471,915480,279480,807330,062278,966233,413
Stockholders' equity
Stockholders' equity attributable to parent338,989377,558420,549443,680481,484540,191
Common stock133129310310314309
Additional paid in capital691,118686,715685,844685,758691,775680,476
Accumulated other comprehensive income (loss)(1,553)(3,404)(1,327)  10
Accumulated deficit(350,709)(305,882)(264,278)(242,388)(210,605)(140,604)
Stockholders' equity attributable to noncontrolling interest12,1474,009    
Total stockholders' equity:351,136381,567420,549443,680481,484540,191
TOTAL LIABILITIES AND EQUITY:823,051861,846901,356773,742760,450773,604

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues70,21962,89570,53062,39958,38447,607
Revenue, net58,38447,607
Operating lease, lease income70,21962,89570,530
Operating leases, income statement, lease revenue57,132
Cost of revenue(49,292)(46,186)(31,177) (26,825)(5,179)
Cost of goods and services sold(33,363)(32,283)(31,177) (26,825)(5,179)
Gross profit:20,92716,70939,35362,39931,55942,428
Operating expenses(41,313)(39,318)(76,110)(73,661)(70,496)(60,312)
Other undisclosed operating income  31,177 26,8255,179
Operating loss:(20,386)(22,609)(5,580)(11,262)(12,112)(12,705)
Nonoperating expense(19,043)(18,353)(16,310)(12,850)(10,961)(7,060)
Interest and debt expense(19,090)(19,140)(17,157)(13,294)(11,230)(7,404)
Loss from continuing operations before equity method investments, income taxes:(58,519)(60,102)(39,047)(37,406)(34,303)(27,169)
Other undisclosed income from continuing operations before income taxes19,090     
Loss from continuing operations before income taxes:(39,429)(60,102)(39,047)(37,406)(34,303)(27,169)
Income tax expense(37)     
Net loss:(39,466)(60,102)(39,047)(37,406)(34,303)(27,169)
Other undisclosed net income attributable to parent 19,14017,15713,29411,2307,404
Net loss available to common stockholders, basic:(39,466)(40,962)(21,890)(24,112)(23,073)(19,765)
Dilutive securities, effect on basic earnings per share(160)     
Net loss available to common stockholders, diluted:(39,626)(40,962)(21,890)(24,112)(23,073)(19,765)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(39,466)(60,102)(39,047)(37,406)(34,303)(27,169)
Other comprehensive income (loss)1,851(2,077)    
Comprehensive loss:(37,615)(62,179)(39,047)(37,406)(34,303)(27,169)
Other undisclosed comprehensive income, net of tax, attributable to parent 19,14015,83013,29411,2207,414
Comprehensive loss, net of tax, attributable to parent:(37,615)(43,039)(23,217)(24,112)(23,083)(19,755)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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