New York REIT Liquidating (NYRT) 8-K/A Regulation FD Disclosure

Exhibit 99.1

New York REIT, Inc.

Table of Contents

	Page
Financial Information:
Company Overview		1
Key Financial Metrics		2
Consolidated Balance Sheets		3
Consolidated Income Statements		4
Unconsolidated Joint Venture — Summary Balance Sheets and Income Statements		5
Reconciliation of Net Loss to FFO and AFFO		6
Reconciliation of Net Loss to Adjusted EBITDA, NOI and Cash NOI		7
Dividends and Payout Ratios		8
Debt Analysis		9
Mortgage Debt Summary		10
Leverage Metrics		11
Credit Facility and Liquidity Analysis		12
Debt Maturities		13
Portfolio Metrics:
Square Footage Summary		14
Major Tenant Summary		15
Tenant Industry Concentration		16
Lease Expirations		17
Leasing Activity		18
Tenant Improvements, Leasing Commissions and Capital Expenditures		19
Property Table		20
Definitions		21
Management/Board of Directors		24

Forward-looking Statements:

This supplemental package includes “forward looking statements”. Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company’s future results, performance or transactions, see the section entitled “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2013, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).

(i)

New York REIT, Inc.

Company Overview

OVERVIEW

New York REIT Inc. (NYSE: NYRT)(the “Company”) is a publicly traded real estate investment trust focused on acquiring and operating commercial real estate in New York City. The Company seeks to provide its shareholders with both stable dividend income and appreciation potential. New York REIT’s focused strategy enhances its effectiveness and provides investors with a pure play investment opportunity in New York City, one of the leading cities of the world.

SNAPSHOT (June 30, 2014)

New York City Focus(1)		100%
Manhattan Focus(1)		96%
Square Feet(2)		3.1 million
Number of Buildings		23
Q2 Ending Occupancy		93.6%
Weighted Average Remaining Lease Term		9.9 years
Company Website		www.nyrt.com

Enterprise Value(3)	$	2.7 billion
Combined Debt/Enterprise Value(4)		33%
Monthly Dividend per Share	$	0.038
Annualized Dividend per Share	$	0.46
Dividend Yield(5)		4.2%
Fully Diluted Shares and Units Outstanding		163.5 million

(1) Based on square footage.

(2) Includes pro-rata share of unconsolidated joint venture.

(3) Based on the June 30, 2014 closing price of $11.06 per share and June 30, 2014 debt balances and share count.

(4) Based on combined debt including pro-rata share of unconsolidated debt as a percentage of enterprise value.

(5) Based on the June 30, 2014 closing price of $11.06 per share.

1

New York REIT, Inc.

Key Financial Metrics
(dollar amounts in thousands, except share and per share information)

	Q2 2014
OPERATING RESULTS
Revenues	$	35,949
NOI		30,765
Cash NOI		26,294
Adjusted EBITDA		29,652
Monthly dividends paid per share	$	0.0433
Core FFO	$	19,944
Core FFO per diluted share	$	0.12
AFFO	$	18,189
AFFO per diluted share	$	0.11
Interest coverage ratio on combined debt		3.6X
Fixed charge coverage ratio on combined debt		3.5X
MARKET CAPITALIZATION
Share price(1)	$	11.06
Fully diliuted common shares and units outstanding		163,452,413
Total equity market capitalization	$	1,807,784
Consolidated debt	$	477,482
Proportionate share of unconsolidated joint venture mortgage debt	$	427,875
Combined enterprise value	$	2,713,141

	Q2 2014
COMMON SHARE PRICE AND DIVIDENDS
At the end of the period	$	11.06
High during period		12.32
Low during period		9.51
Annualized dividend per share		0.46
Annualized dividend yield		4.2	%
LEVERAGE INFORMATION
Combined basis(2)
Total debt	$	905,357
Cash		(50,616	)
Net debt		854,741
Net debt/adjusted EBITDA(3)		7.2X
Debt/enterprise value		33	%
Weighted average interest rate		3.54	%
Weighted average remaining debt term (years)		6.18
LIQUIDITY
Cash	$	50,616
Undrawn financing commitments		400,000

(1) Closing price on June 30, 2014.

(2) Combined metrics include pro-rata share of unconsolidated joint venture debt.

(3) Adjusted EBITDA during the second quarter annualized.

2

New York REIT, Inc.

Consolidated Balance Sheets
(in thousands)

	Q2 2014			Q1 2014
ASSETS
Real estate investments, at cost
Land	$	425,814		$	425,814
Buildings, fixtures and improvements		990,451			990,466
Acquired intangible lease assets		127,004			127,004
Total real estate investments, at cost		1,543,269			1,543,284
Less: accumulated depreciation and amortization		(81,326	)		(61,958	)
Total real estate investments, net		1,461,943			1,481,326
Cash		50,616			237,022
Investment in unconsolidated joint venture		228,834			229,127
Preferred equity investment		33,600			30,000
Other assets		53,375			42,588
Total assets	$	1,828,368		$	2,020,063
LIABILITIES AND EQUITY
Mortgage notes payable	$	172,482		$	172,599
Credit facility		305,000			305,000
Market lease intangibles, net		66,953			69,897
Other liabilities(1)		70,918			43,424
Total liabilities		615,353			590,920
Common stock		1,620			1,756
Additional paid-in capital		1,399,480			1,547,889
Accumulated other comprehensive loss		(1,446	)		(615	)
Accumulated deficit		(200,524	)		(120,329	)
Total stockholders’ equity		1,199,130			1,428,701
Non-controlling interests		13,885			442
Total equity		1,213,015			1,429,143
Total liabilities and equity	$	1,828,368		$	2,020,063

(1) Includes estimated value of listing promote of $38.1 million.

3

New York REIT, Inc.

Consolidated Income Statements
(in thousands, except for share and per share information)

	Q2 2014			Q1 2014
Revenues
Rental income	$	26,104		$	27,171
Operating expense reimbursements and other revenue		9,845			6,421
Total revenues		35,949			33,592
Operating expenses
Property operating		14,079			14,005
Asset management fees to affiliates		2,274			—
Acquisition and transaction related		11,577			69
Asset management fee earnout(1)		11,500			—
Estimated value of listing promote(2)		38,100			—
General and administrative		876			1,345
Equity-based compensation(3)		1,882			16
Depreciation and amortization		23,463			24,254
Total operating expenses		103,751			39,689
Operating loss		(67,802	)		(6,097	)
Other income (expenses)
Interest expense		(4,813	)		(3,939	)
Income from unconsolidated joint venture		4,189			1,257
Income from preferred equity investment, investment securities and interest		677			624
Gain on derivative instruments		1			—
Total other income (expenses)		54			(2,058	)
Net loss		(67,748	)		(8,155	)
Net (income) loss attributable to non-controlling interests		511			(1	)
Net loss attributable to shareholders	$	(67,237	)	$	(8,156	)
Basic weighted average shares		168,972,601			175,068,005
Adjustments to fully diluted shares		1,376,573			616,776
Fully diluted weighted average shares		170,349,174			175,684,781
Net loss per basic diluted share attributable to shareholders	$	(0.40	)	$	(0.05	)

(1) Represents the value of previously issued class B units, which vested upon the achievement of the performance condition upon the Listing. This is a non-cash expense.

(2) Represents the estimated value of the listing promote at June 30, 2014 based on the closing share price of $11.06 on that day. This is a non-cash expense.

(3) Amount in Q2 represents the portion of non-cash expense related to the outperformance plan which vests over 5 years, and other non-cash board compensation.

4

New York REIT, Inc.

Unconsolidated Joint Venture — Summary Balance Sheets and Income Statements
(in thousands)

	Q2 2014			Q1 2014
Unconsolidated Joint Venture Condensed Balance Sheet
Real estate assets, at cost	$	697,643		$	696,426
Less accumulated depreciation and amortization		(87,351	)		(82,635	)
Total real estate assets, net		610,292			613,791
Other assets		253,620			247,705
Total assets	$	863,912		$	861,496
Debt	$	875,000		$	875,000
Other liabilities		13,129			10,294
Total liabilities		888,129			885,294
Deficit		(24,217	)		(23,798	)
Total liabilities and deficit	$	863,912		$	861,496
Company’s basis	$	228,834		$	229,127
Unconsolidated Joint Venture Condensed Statement of Operations
Revenue:
Rental income	$	27,739		$	27,655
Other revenue		1,229			1,215
Total revenue		28,968			28,870
Operating expenses:
Operating expense		10,779			11,513
Depreciation and amortization		6,260			6,368
Total operating expenses		17,039			17,881
Operating income		11,929			10,989
Interest expense		(9,992	)		(9,882	)
Net income		1,937			1,107
Preferred distributions		(1,334	)		(6,411	)
Net loss to members	$	603		$	(5,304	)
Company’s preferred distribution	$	3,894		$	3,851
Company’s share of net loss		295			(2,594	)
Company’s share of income (Company’s basis)	$	4,189		$	1,257
Supplemental information:
Straight-line rent included in rental income above	$	1,550		$	1,146
Above/below market lease amortization	$	—		$	—

5

New York REIT, Inc.

Reconciliation of Net Loss to FFO and AFFO
(in thousands, except share and per share information)

	Q2 2014			Q1 2014
Net loss	$	(67,748	)	$	(8,155	)
Depreciation and amortization		23,454			24,244
Proportionate share of depreciation and amortization related to unconsolidated joint venture		3,061			3,113
Funds from operations (FFO)		(41,233	)		19,202
Acquisition fees and expenses		11,577			69
Asset management fee earnout		11,500			—
Estimated value of listing promote		38,100			—
Core FFO		19,944			19,271
Plus:
Non-cash compensation expense		1,882			16
Non-cash portion of interest expense		1,424			726
Class B distributions		19			88
Minus:
Amortization of above/below market lease assets and liabilities		(2,267	)		(2,454	)
Mark-to-market adjustments		(1	)		—
Straight-line rent		(1,446	)		(2,430	)
Tenant improvements – second generation		(363	)		(1,203	)
Leasing commissions – second generation		(245	)		(13	)
Building improvements – second generation		—			—
Proportionate share of adjustments related to unconsolidated joint venture		(758	)		(560	)
Adjusted funds from operations (AFFO)	$	18,189		$	13,441
Fully diluted shares		170,349,174			175,684,781
FFO per diluted share	$	(0.24	)	$	0.11
Core FFO per diluted share	$	0.12		$	0.11
AFFO per diluted share	$	0.11		$	0.08

6

New York REIT, Inc.

Reconciliation of Net Loss to Adjusted EBITDA, NOI and Cash NOI
(in thousands)

	Q2 2014			Q1 2014
Combined:
Net loss	$	(67,748	)	$	(8,155	)
Acquisition and transaction related		11,577			69
Asset management fee earnout		11,500			—
Depreciation and amortization		23,463			24,254
Interest expense		4,813			3,939
Loss on derivative instruments		(1	)		—
Estimated value of listing promote		38,100			—
Proportionate share of adjustments related to unconsolidated joint venture		7,948			7,946
Adjusted EBITDA		29,652			28,053
General and administrative		876			1,345
Equity-based compensation		1,882			16
Asset management fee to affiliate		2,274			—
Income from preferred equity investment, investment securities and interest income		(677	)		(624	)
Preferred return on unconsolidated joint venture		(3,894	)		(3,851	)
Proportionate share of other adjustments related to unconsolidated joint venture		652			3,135
NOI		30,765			28,074
Amortization of above/below market lease assets and liabilities		(2,267	)		(2,454	)
Straight-line rent		(1,446	)		(2,430	)
Proportionate share of adjustments related to unconsolidated joint venture		(758	)		(560	)
Cash NOI	$	26,294		$	22,630
Supplemental information:
Cash NOI – Office	$	21,273		$	20,813
Cash NOI – Stand-alone retail		2,763			2,574
Cash NOI – Other		2,259			(757	)
	$	26,294		$	22,630

Note — Consolidated adjusted EBITDA for the second quarter was $17,515, reflecting a net loss of $67,748 reduced by the Company’s share of income in joint ventures of $4,189 and a loss on derivative instruments of $1, and increased by acquisition and transaction related costs of $11,577, asset management fee earnout of $11,500, depreciation and amortization of $23,463, interest expense of $4,813, and the estimated value of the listing promote of $38,100.

7

New York REIT, Inc.

Dividends and Payout Ratios
(dollar amounts in thousands, except per share information)

	Q2 2014			Q1 2014
Dividends paid in cash	$	17,050		$	11,774
Dividends reinvested		4,935			14,084
OP dividends paid		117			88
Restricted stock dividends paid		2			4
Total dividends paid	$	22,104		$	25,950
Weighted average fully diluted shares		170,349,174			175,684,781
Dividends per fully diluted share	$	0.1298		$	0.1477
Core FFO per fully diluted share	$	0.12		$	0.11
AFFO per fully diluted share	$	0.11		$	0.08
Payout ratios
Core FFO payout ratio		111	%		135	%
AFFO payout ratio		122	%		193	%
Payout ratios based on current dividend
Quarterly dividend per share(1)	$	0.115		$	0.115
Core FFO payout ratio		98	%		105	%
AFFO payout ratio		108	%		150	%

(1) Current dividend payment was reduced in April 2014 from $0.605 per share to $0.46 per share on an annual basis paid monthly. This calculation is based on $0.46 per share.

8

New York REIT, Inc.

Debt Analysis
(dollar amounts in thousands)

	Q2 2014			Weighted Average Remaining Term (Years)		Weighted Average Rate			% of Total Debt
Consolidated mortgage debt	$	172,482			3.55		3.56	%		19.1	%
Consolidated credit facility term debt – fixed rate		80,000			4.14		3.22	%		8.8	%
Consolidated credit facility term debt – floating rate		225,000			4.14		1.67	%		24.8	%
Total consolidated debt		477,482			3.93		2.62	%		52.7	%
Company’s share of unconsolidated joint venture mortgage debt		427,875			8.69		4.58	%		47.3	%
Combined debt	$	905,357			6.18		3.54	%		100.0	%
Fixed rate debt (including pro-rata share of unconsolidated debt)	$	680,357
Floating rate debt	$	225,000
% fixed rate debt (including pro-rata share of unconsolidated debt)		75	%
% floating rate debt		25	%
Average fixed rate (including pro-rata share of unconsolidated debt)		4.16	%
Average floating rate		1.67	%

9

New York REIT, Inc.

Mortgage Debt Summary
(dollar amounts in thousands)

	Debt amount		Maturity		Effective interest rate
Consolidated mortgages:
229 West 36th Street	$	35,000		12/27/2017		2.87	%
256 West 38th Street		24,500		12/26/2017		3.12	%
367-387 Bleecker Street		21,300		12/6/2015		4.34	%
Interior Design Building		20,392		12/1/2021		4.38	%
1100 Kings Highway		20,200		8/1/2017		3.38	%
One Jackson Square		13,000		12/1/2016		3.45	%
350 West 42nd Street		11,365		8/29/2017		3.42	%
Duane Reade		8,400		11/1/2016		3.60	%
1623 Kings Highway		7,288		11/1/2017		3.34	%
416 Washington Street		4,787		12/1/2021		4.38	%
Foot Locker		3,250		6/6/2016		4.57	%
Regal Parking Garage		3,000		7/6/2016		4.45	%
Consolidated mortgage debt		172,482				3.56	%
Pro-rata share of unconsolidated joint venture mortgage debt:
One Worldwide Plaza		427,875		3/6/2023		4.58	%
Combined mortgage debt	$	600,357				4.29	%

10

New York REIT, Inc.

Leverage Metrics
(dollar amounts in thousands)

	Q2 2014
	Consolidated Basis			Combined Basis
Interest coverage ratio
Interest expense(1)	$	4,813		$	4,813
Non-cash interest expense		(1,424	)		(1,424	)
Interest expense related to unconsolidated joint venture		—			4,886
Total interest	$	3,389		$	8,275
Adjusted EBITDA	$	17,515		$	29,652
Interest coverage ratio		5.2X			3.6X
Fixed charge coverage ratio
Total interest	$	3,389		$	8,275
Secured debt principal amortization		118			118
Total fixed charges	$	3,507		$	8,393
Adjusted EBITDA	$	17,515		$	29,652
Fixed charge coverage ratio		5.0X			3.5X
Net debt to adjusted EBITDA ratio
Company’s pro rata share of total debt	$	477,482		$	905,357
Less: cash and cash equivalents		(50,616	)		(50,616	)
Net debt	$	426,866		$	854,741
Adjusted EBITDA annualized(2)	$	70,061		$	118,608
Net debt to adjusted EBITDA ratio		6.1X			7.2X
Debt to enterprise value
Company’s pro rata share of debt	$	477,482		$	905,357
Equity(3)		1,807,784			1,807,784
Enterprise value(3)	$	2,285,266		$	2,713,141
Debt as % of enterprise value		20.9	%		33.4	%
Unencumbered real estate assets/total real estate assets:
Unencumbered real estate assets(4)	$	1,171,939
Total real estate assets	$	2,128,167
Unencumbered real estate assets/total real estate assets		55	%

(1) Excludes the company’s share of unconsolidated joint venture debt.

(2) Adjusted EBITDA during Q2 2014 annualized (multiplied by 4).

(3) Based on the June 30, 2014 closing price of $11.06 per share and June 30, 2014 debt balances and share count.

(4) No mortgage encumbrance.

11

New York REIT, Inc.

Credit Facility and Liquidity Analysis⁽¹⁾
(dollar amounts in thousands)

	Q2 2014		Q1 2014
Credit facility availability:
Credit facility commitments	$	705,000	$	390,000
Outstanding balance on credit facility		305,000		305,000
Undrawn credit facility commitments	$	400,000	$	85,000
Outstanding balance – term debt	$	305,000	$	80,000
Outstanding balance – revolving debt		—		225,000
Total outstanding balance	$	305,000	$	305,000
Liquidity:
Cash	$	50,616	$	237,022
Undrawn credit facility commitments		400,000		85,000

	Required			Actual – as of June 30, 2014
Credit facility covenant ratios(2):
Consolidated leverage ratio		< 60	%		42	%
Fixed charge coverage ratio		> 1.5X			3.7X
Tangible net worth		> $900,000		$	1,280,456
Secured leverage ratio		< 60	%		27.6	%
Borrowing base advance rate		< 60	%		44	%
Debt service coverage ratio		> 1.4X			2.0X

(1) During the second quarter, the Company increased its credit facility to $705 million with a $305 million term loan and a $400 million revolving loan.

(2) The Company’s credit facility covenant ratios are computed in accordance with the terms of the Company’s credit facility agreement, as applicable. The methodology for these computations may differ significantly from similarly titled ratios of other companies and throughout the Company’s supplemental.

12

New York REIT, Inc.

Debt Maturities
(dollar amounts in thousands)

	Total			2014			2015			2016			2017			2018			Thereafter
Consolidated mortgage debt	$	172,482		$	239		$	21,794		$	28,167		$	102,730		$	4,573		$	14,979
Proportionate share of unconsolidated joint venture mortgage debt		427,875			—			—			—			—			—			427,875
Combined mortgage debt	$	600,357		$	239		$	21,794		$	28,167		$	102,730		$	4,573		$	442,854
Credit facility – revolving		—			—			—			—			—			—			—
Credit facility – term		305,000			—			—			—			—			305,000			—
Total credit facility		305,000			—			—			—			—			305,000			—
Total combined debt	$	905,357		$	239		$	21,794		$	28,167		$	102,730		$	309,573		$	442,854
% Expiring		100	%		0.03	%		2	%		3	%		11	%		34	%		49	%
Weighted average remaining term (years)		6.2
Weighted average remaining term (years) (excluding credit facility)		7.2
Debt maturing	$	905,357		$	239		$	21,794		$	28,167		$	102,730		$	309,573		$	442,854
Weighted average interest rate expiring		3.93	%		4.38	%		4.35	%		3.75	%		3.19	%		3.24	%		4.57	%
Debt maturing (excluding credit facility)	$	600,357		$	239		$	21,794		$	28,167		$	102,730		$	4,573		$	442,854
Weighted average interest rate expiring		4.29	%		4.38	%		4.35	%		3.75	%		3.19	%		4.37	%		4.57	%

13

New York REIT, Inc.

Square Footage Summary

As of June 30, 2014	Total			Manhattan			Brooklyn			Queens
Total square feet by property type:
Office		2,579,518			2,548,851			30,667			—
Retail(1)		257,763			190,091			57,905			9,767
Hotel		128,612			128,612			—			—
Parking		120,589			120,589			—			—
Residential		40,437			—			40,437			—
Storage		17,653			17,653			—			—
Total owned square feet (end of period)(2)		3,144,572			3,005,796			129,009			9,767
% of total square feet by property type:
Office		82	%		85	%		24	%		0	%
Retail(1)		8	%		6	%		45	%		100	%
Hotel		4	%		4	%		0	%		0	%
Parking		4	%		4	%		0	%		0	%
Residential		1	%		0	%		31	%		0	%
Storage		1	%		1	%		0	%		0	%
Total owned square feet (end of period)(2)		100	%		95.6	%		4.1	%		0.3	%

(1) Includes 95,390 square feet of stand-alone retail and 162,373 square feet of retail associated with the Company’s office portfolio.

(2) Excludes 15,055 square foot parking garage at 416 Washington Street, which is being operated under a management agreement with a third party.

All figures above include the Company’s proportionate share of investments in unconsolidated joint ventures.

14

New York REIT, Inc.

Major Tenant Summary
(dollar amounts in thousands)

Top Ten Office Tenants as a % of Total Annualized Cash Rent	Property		Total Square Feet		Annualized Cash Rent		% of Annualized Cash Rent
1   Cravath Swaine & Moore, LLP		One Worldwide Plaza		301,779	$	26,805		17.6	%
2   Nomura Holding America Inc.		One Worldwide Plaza		400,934		18,151		11.9	%
3   Macy’s, Inc.		1440 Broadway		203,196		11,790		7.7	%
4   Rentpath Inc.		1440 Broadway		170,734		11,340		7.5	%
5   The Segal Company (Eastern States) Inc.		333 West 34th Street		144,307		8,345		5.5	%
6   Spring Studios New York LLC		50 Varick Street		158,573		6,080		4.0	%
7   Advance Magazine		1440 Broadway		72,194		4,169		2.7	%
8   Metropolitan Transportation Authority (MTA)		333 West 34th Street		130,443		3,443		2.3	%
9   Liz Claiborne, Inc.		1440 Broadway		67,213		3,063		2.0	%
10  American Language Communication Center, Inc.		229 West 36th Street		64,283		2,838		1.9	%
Total top ten office tenants				1,713,656	$	96,024		63.1	%

Top Ten Retail Tenants as a % of Total Annualized Cash Rent	Property		Total Square Feet		Annualized Cash Rent		% of Annualized Cash Rent
1   Sam Ash New York Megastores, LLC		333 West 34th Street		29,688	$	1,407		0.9	%
2   Citibank, N.A.		1440 Broadway		11,533		1,211		0.8	%
3   Dodger Stage Holding Theatricals, Inc.		One Worldwide Plaza		27,841		1,146		0.8	%
4   Duane Reade		Duane Reade		9,767		1,049		0.7	%
5   TD Bank, N.A.		One Jackson Square		4,158		1,031		0.7	%
6   Burberry Limited		367-387 Bleecker Street		4,726		986		0.6	%
7   Bally Sports Clubs, Inc. (f/k/a Manhattan Sports Club, Inc.)		One Worldwide Plaza		18,582		954		0.6	%
8   Early Bird Delivery Systems LLC, d/b/a Urban Express		229 W 36th Street		20,132		946		0.6	%
9   The Dress Barn, Inc.		1100 Kings Highway		14,200		746		0.5	%
10  JPMorgan Chase Bank, N.A.		1100 Kings Highway		6,385		737		0.5	%
Total top ten retail tenants				147,012	$	10,213		6.7	%

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New York REIT, Inc.

Tenant Industry Concentration

	% of Annualized Cash Rent
Technology, Advertising, Media & Information		21	%
Legal Services		18	%
Retail		16	%
Finance, Insurance, Real Estate		16	%
Professional Services		10	%
Education		4	%
Other		4	%
Consumer Goods		3	%
Food and Beverage		3	%
Government		2	%
Parking		2	%
Health Services		1	%
		100	%

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New York REIT, Inc.

Lease Expirations

	Total			2014			2015			2016			2017			2018			Thereafter
Combined:(1)
Leases expiring		128			8			5			12			17			12			74
Expiring Annualized Cash Rent (in thousands)(2)(3)	$	150,359		$	1,225		$	14,205		$	6,274		$	7,127		$	2,006		$	119,522
Expiring square feet(3)		2,792,351			24,835			223,394			108,107			110,875			51,457			2,273,683
% of total square feet expiring		100.0	%		1.0	%		8.0	%		3.9	%		4.0	%		1.8	%		81.4	%
Annualized Cash Rent per square foot(2)(3)	$	53.85		$	49.33		$	63.59		$	58.04		$	64.28		$	38.98		$	52.57
Consolidated properties:
Leases expiring		98			3			5			8			16			9			57
Expiring Annualized Cash Rent (in thousands)(2)(3)	$	95,202		$	228		$	14,205		$	6,097		$	6,165		$	1,751		$	66,756
Expiring square feet(3)		1,857,222			5,788			223,394			106,442			94,455			49,624			1,377,519
% of total square feet expiring		100.0	%		0.3	%		12.0	%		5.7	%		5.1	%		2.7	%		74.2	%
Annualized Cash Rent per square foot(2)(3)	$	51.26		$	39.39		$	63.59		$	57.28		$	65.27		$	35.29		$	48.46
Unconsolidated joint ventures:
Leases expiring		30			5			—			4			1			3			17
Expiring Annualized Cash Rent (in thousands)(2)	$	55,157		$	997		$	—		$	177		$	962		$	255		$	52,766
Expiring square feet		935,129			19,047			—			1,665			16,420			1,833			896,164
% of total square feet expiring		100.0	%		2.0	%		—			0.2	%		1.8	%		0.2	%		95.8	%
Annualized Cash Rent per square foot(2)	$	58.98		$	52.35		$	—		$	106.33		$	58.59		$	139.10		$	58.88

(1) Combined reflects 100% of consolidated properties plus the Company’s pro rata share of unconsolidated properties.

(2) Annualized Cash Rent represents rental obligations at the end of the current reporting period, including contractual cash base rents, and reimbursements from tenants under existing leases, excluding electric reimbursements.

(3) Excludes 36,738 square feet of leased residential space. Total vacant square footage at June 30, 2014 was 188,889 square feet.

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New York REIT, Inc.

Leasing Activity

	Q2 2014			Q1 2014
Leasing activity:
Leases executed		3			2
Total square feet leased		45,019			8,379
Company’s share of square feet leased		25,387			8,379
Initial rent	$	54.65		$	43.68
Weighted average lease term (years)		9.6			7.3
Replacement leases:(1)
Replacement leases executed		2			2
Square feet		6,601			8,379
Cash basis:
Initial rent	$	43.33		$	43.68
Prior escalated rent(2)	$	39.42		$	38.09
Percentage increase		10	%		15	%
GAAP basis:
Initial rent	$	43.84		$	46.94
Prior escalated rent(2)	$	38.48		$	42.57
Percentage increase		14	%		10	%
Tenant improvements on replacement leases per square foot	$	14.40		$	—
Leasing commissions on replacement leases per square foot	$	5.89		$	18.28

(1) Replacement leases are for space that was leased during the period and also has been leased at some time during the prior twelve months.

(2) Prior escalated rent is calculated as total annualized income less electric charges. It includes base rent and recoveries related to property taxes and operating expenses.

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New York REIT, Inc.

Tenant Improvements, Leasing Commissions and Capital Expenditures
(in thousands)

	Q2 2014		Q1 2014
Capital expenditures (accrual basis):(1)
First generation tenant improvements	$	—	$	—
Second generation tenant improvements		363		1,203
First generation leasing commissions		366		—
Second generation leasing commissions		245		13
First generation building improvements		1,556		224
Second generation building improvements		—		—
Total tenant improvements, leasing commissions and capital expenditures	$	2,530	$	1,440

(1) Combined basis.

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New York REIT, Inc.

Property Table

Property	Ownership			Rentable Square Feet(1)		Percent Occupied			Annualized Cash Rent (in thousands)		Annualized Cash Rent Per Occupied SF		Number of Leases
Manhattan Office Properties – Office
Design Center		100.0	%		81,082		100.0	%	$	3,763	$	46.40		18
416 Washington Street		100.0	%		1,565		100.0	%		56		36.02		1
256 West 38th Street		100.0	%		104,232		97.0	%		3,380		33.42		12
229 West 36th Street		100.0	%		128,762		100.0	%		5,163		40.09		6
218 West 18th Street		100.0	%		165,670		83.7	%		7,491		54.02		5
50 Varick Street		100.0	%		158,573		100.0	%		6,080		38.34		1
333 West 34th Street		100.0	%		317,040		100.0	%		13,317		42.00		3
1440 Broadway		100.0	%		726,344		89.2	%		37,179		57.37		10
One Worldwide Plaza		48.9	%		879,571		92.2	%		50,463		62.20		6
Manhattan Office Properties – Office Total					2,562,839		93.1	%		126,892		53.18		62
Manhattan Office Properties – Retail
256 West 38th Street		100.0	%		13,890		72.4	%		352		35.01		2
229 West 36th Street		100.0	%		20,132		100.0	%		946		46.96		1
333 West 34th Street		100.0	%		29,688		100.0	%		1,407		47.40		1
1440 Broadway		100.0	%		29,335		90.3	%		2,877		108.63		8
One Worldwide Plaza		48.9	%		125,608		98.6	%		4,662		37.65		20
Manhattan Office Properties – Retail Total					218,653		96.1	%		10,244		48.74		32
Sub-Total/Weighted Average
Manhattan Office Properties – Office and Retail					2,781,492		93.3	%		137,136		52.82		94
Manhattan Stand Alone Retail
367-387 Bleecker Street		100.0	%		9,724		100.0	%		2,493		256.41		5
33 West 56th Street		100.0	%		12,856		100.0	%		432		33.60		1
416 Washington Street		100.0	%		7,436		48.5	%		273		75.73		1
One Jackson Square		100.0	%		8,392		100.0	%		1,540		183.55		4
350 West 42nd Street		100.0	%		42,774		100.0	%		1,669		39.02		4
350 Bleecker Street		100.0	%		14,511		100.0	%		1,074		74.04		3
Sub-Total/Weighted Average
Manhattan Stand Alone Retail					95,693		96.0	%		7,481		81.44		18
Outer-Borough Properties
86th Street, Brooklyn		100.0	%		6,118		100.0	%		472		77.17		1
163 Washington Avenue, Brooklyn		97.4	%		41,612		91.1	%		1,875		49.48		44
163-30 Cross Bay, Queens		100.0	%		9,767		100.0	%		1,049		107.39		1
1100 Kings Highway, Brooklyn		100.0	%		61,318		100.0	%		2,640		43.05		5
1623 Kings Highway, Brooklyn		100.0	%		19,960		100.0	%		1,006		50.41		3
Sub-Total/Weighted Average
Outer-Borough Properties					138,775		97.3	%		7,042		52.13		54
Portfolio Total					3,015,960		93.6	%	$	151,659	$	53.72		166

(1) Does not include 128,612 square feet at the Viceroy Hotel, 15,055 square feet parking garage at 416 Washington Street, which is being operated under a management agreement with a third party, or antenna leases at Worldwide Plaza.

Hotel operations for the quarter consisted of the following:

Average occupancy		79.1	%
Average daily rate	$	346.88
REVPAR	$	274.25

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New York REIT, Inc.
 
Definitions

Definitions

This section contains an explanation of certain non-GAAP financial measures we provide in other sections of this document, as well as the reasons why management believes these measures provide useful information to investors about the Company’s financial condition or results of operations. Additional detail can be found in the Company’s most recent annual report on Form 10-K as well as other documents filed with or furnished to the SEC from time to time.

Adjusted funds from operations (AFFO)

AFFO is Core FFO, excluding certain income or expense items that we consider more reflective of investing activities, other non-cash income and expense items and the income and expense effects of other activities that are not a fundamental attribute of our business plan. These items include unrealized gains and losses, which may not ultimately be realized, such as gains or losses on derivative instruments, gains or losses on contingent valuation rights, gains and losses on investments and early extinguishment of debt. In addition, by excluding non-cash income and expense items such as amortization of above and below market leases, amortization of deferred financing costs, straight-line rent and non-cash equity compensation from AFFO we believe we provide useful information regarding income and expense items which have no cash impact and do not provide liquidity to the company or require capital resources of the company. We exclude distributions related to Class B units and certain interest expenses related to securities that are convertible to common stock as the shares are assumed to have converted to common stock in our calculation of weighted average common shares-fully diluted. Furthermore we include certain cash inflow and outflows that are reflective of operating activities including preferred returns on joint ventures, second generation tenant improvement and leasing commissions (included in the period in which the lease commences) and recurring capital expenditures.

Although our AFFO may not be comparable to that of other REITs and real estate companies, we believe it provides a meaningful indicator of our ability to fund cash needs and to make cash distributions to stockholders. In addition, we believe that to further understand our liquidity, AFFO should be compared with our cash flows determined in accordance with GAAP, as presented in our consolidated financial statements. AFFO does not represent cash generated from operating activities determined in accordance with GAAP, and AFFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of our performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of our liquidity.

Annualized Cash Rent

Cash rent at the end of the reporting period, including operating expense reimbursements, excluding electric. Real estate tax reimbursements are typically multiplied by two because they are paid semi-annually. Free rent periods are excluded from annualized cash rent.

Cash net operating income (Cash NOI)

NOI, presented on a cash basis, which is NOI after eliminating the effects of straight-lining of rent and fair value lease revenue.

Core funds from operations (Core FFO)

Core FFO is FFO, excluding acquisition and transaction related costs as well as certain other costs that management deems to be non-recurring. The purchase of properties, and the corresponding expenses associated with that process, is a key operational feature of our business plan to generate operational income and cash flows in order to make distributions to investors. In evaluating investments in real estate, management differentiates the costs to acquire the investment from the operations derived from the investment. By excluding expensed acquisition costs, management believes Core FFO provides useful supplemental information that is comparable for each type of real estate investment and is consistent with management’s analysis of the investing and operating performance of our properties.

Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA)

EBITDA is defined as net income before interest, taxes, depreciation and amortization including our pro-rata share of investments in unconsolidated joint ventures. We believe EBITDA is an appropriate measure of our ability to incur and service debt. EBITDA should not be considered as an alternative to cash flows

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New York REIT, Inc.
 
Definitions

from operating activities, as a measure of our liquidity or as an alternative to net income as an indicator of our operating activities. Other REITs may calculate EBITDA differently and our calculation should not be compared to that of other REITs. EBITDA is adjusted to include our pro-rata share of EBITDA from unconsolidated joint ventures and acquisition fees and expenses.

Effective interest rate

The annualized rate, on a 365-day basis, at which interest expense is recorded per the respective loan documents, excluding the impact of the amortization of any debt discounts/premiums and deferred financing costs. For instance, the stated interest rate in a loan agreement may be based on a 360 day year. Therefore, the effective interest rate would be the stated rate divided by 360 x 365 days in the year.

First generation building improvements

Capital expenditures on first generation space, as defined below, that are not tenant improvement or leasing commission related.

First generation space

Space that is vacant at acquisition or space that was not consistent with the Company’s operating standards.

First generation tenant improvements and leasing commissions

Tenant improvements and leasing commissions incurred on first generation space as defined above.

Funds from operations (FFO)

Pursuant to the revised definition of funds from operations adopted by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”), we calculate funds from operations (FFO), by adjusting net income (loss) attributable stockholders (computed in accordance with GAAP, including non-recurring items) for gains (or losses) from sales of properties, impairment losses on depreciable real estate of consolidated real estate, impairment losses on investments in unconsolidated joint ventures driven by a measurable decrease in the fair value of depreciable real estate held by the unconsolidated joint ventures, real estate related depreciation and amortization, and after adjustment for unconsolidated partnerships and joint ventures. FFO is a non-GAAP financial measure. The use of FFO, combined with the required primary GAAP presentations, has been fundamentally beneficial in improving the understanding of operating results of REITs among the investing public and making comparisons of REIT operating results more meaningful. Management generally considers FFO to be a useful measure for reviewing our comparative operating and financial performance because, by excluding gains and losses related to asset sales (land and property), impairment losses and real estate asset depreciation and amortization (which can vary among owners of identical assets in similar condition based on historical cost accounting and useful life estimates), FFO can help one compare the operating performance of a company’s real estate between periods or as compared to different companies. Our computation of FFO may not be comparable to FFO reported by other REITs or real estate companies that do not define the term in accordance with the current NAREIT definition or that interpret the current NAREIT definition differently. FFO should not be considered as an alternative to net income attributable to stockholders (determined in accordance with GAAP) as an indication of our performance. FFO does not represent cash generated from operating activities determined in accordance with GAAP, and is not a measure of liquidity or an indicator of our ability to make cash distributions. We believe that to further understand our performance, FFO should be compared with our reported net income attributable to stockholders and considered in addition to cash flows determined in accordance with GAAP, as presented in our consolidated financial statements.

Net operating income (NOI)

Net operating income (NOI) is a non-GAAP financial measure equal to net income attributable to stockholders, the most directly comparable GAAP financial measure, less discontinued operations, plus corporate general and administrative expense, acquisition and transaction costs, depreciation and amortization and interest

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New York REIT, Inc.
 
Definitions

expense, income from unconsolidated joint ventures, interest and other income and gains from investments in securities. NOI is adjusted to include our pro-rata share of NOI from unconsolidated joint ventures. We use NOI internally as a performance measure and believe NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Therefore, we believe NOI is a useful measure for evaluating the operating performance of our real estate assets and to make decisions about resource allocations. Further, we believe NOI is useful to investors as a performance measure because, when compared across periods, NOI reflects the impact on operations from trends in occupancy rates, rental rates, operating costs acquisition activity on an unleveraged basis, providing perspective not immediately apparent from net income. NOI excludes certain components from net income in order to provide results that are more closely related to a property’s results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset and is often incurred at the corporate level as opposed to the property level. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with net income, as presented in our consolidated financial statements. NOI should not be considered as an alternative to net income as an indication of our performance or to cash flows as a measure of our liquidity or ability to make distributions.

Replacement leases

Leases signed during the current period for space that had been previously leased at any point during the previous twelve months.

Prior escalated rent

Cash rent at expiration of the lease, including real estate tax and other operating expense reimbursements, multiplied by twelve.

Second generation capital expenditures

Represents building investments to maintain current revenues. These capital expenditures which may occur on a regular basis, may relate to repairs and maintenance that extend the useful life of an asset and are therefore capitalized. These costs are included in our calculation of AFFO.

Second generation space

Any space that is not first generation space.

Second generation tenant improvements and leasing commissions

Tenant improvements, leasing commissions, and other leasing costs incurred during leasing of second generation space.

Stated interest rate

The rate at which interest expense is recorded per the respective loan documents, excluding the impact of the amortization of any debt discounts/premiums and deferred financing costs.

23

New York REIT, Inc.

Management/Board of Directors

Executive Management Team
Nicholas S. Schorsch	Chief Executive Officer and Chairman of the Board
Michael A. Happel	President
Gregory W. Sullivan	Chief Financial Officer and Chief Operating Officer

Board of Directors
Nicholas S. Schorsch Chief Executive Officer and Chairman of the Board	Director
William M. Kahane Chief Executive Officer RCS Capital Corp.	Director
Scott J. Bowman Chief Executive Officer Scott Bowman Associates	Independent Director
Robert H. Burns Former Chairman and Chief Executive Officer Regent International Hotels	Independent Director
William G. Stanley Managing Member Stanley Laman Securities, LLC	Independent Director

Company Information
Address:	405 Park Avenue New York, NY 10022
Phone:	212-415-6500
Website:	www.nyrt.com

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