NEW YORK, July 08, 2022--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, August 12, 2022 before the start of trading on the New York Stock Exchange.
Shares of New York City REIT Inc. 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 "temporarily suspending" its dividend to help fund upfront costs of leasing commitments and tenant improvements. The REIT last paid a quarterly dividend of 10 cents a share in April. At current stock prices, the annual dividend rate implies a dividend yield of 7.75%, which compares with the yield for the SPDR Real
NEW YORK, July 01, 2022--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 4% since the beginning of the year, to over 87% as of June 30, 20221, and that portfolio weighted-average remaining lease term has increased to 7.2 years as of the same date. The Company also announced that as it continues to proactively increase occupancy at its properties, its board of directors