New York City REIT, Inc. (NYSE:NYC) is a public real estate investment trust that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan.
High Quality New York City Focused Portfolio
- NYC is the leading “pure-play” publicly traded REIT focused on New York City real estate
- NYC’s $863 million portfolio is diversified across eight office and retail condominium assets located primarily in Manhattan
- High portfolio Occupancy(1) of 89% with a weighted average Remaining Lease Term(2) of 6.6 years as of June 30, 2020
- Resilient portfolio built for long-term success
- NYC’s top 10 tenants feature a balance of large Investment Grade rated corporate tenants and government agencies
- As of June 30, 2020, 68% of NYC’s top 10 tenants were Investment Grade rated, increasing the quality and stability of earnings(3)