Exhibit 99.1

American Spectrum Realty Reports 2012 Year End Results

HOUSTON--(BUSINESS WIRE)--April 1, 2013--American Spectrum Realty, Inc. (NYSE MKT: AQQ) (“the Company”), a real estate investment, management and leasing company headquartered in Houston, Texas, announced today its results for the year ended December 31, 2012.

Corporate general and administrative expenses decreased by approximately $1.7 million for the year ended December 31, 2012 compared to the year ended December 31, 2011. The decrease was in large part attributable to a reduction in corporate personnel costs and professional fees through streamlined operations. In 2012, the Company relocated its accounting department from Irvine, California to Houston, Texas, thereby reducing annual costs by approximately $0.5 million. This restructuring has allowed the Company to reduce redundancy between its two corporate office locations and provide more efficient service to third-party management clients. The decrease was also due to a decrease in legal costs, primarily related to the Evergreen lawsuit incurred in 2011, as well as other cost cutting measures implemented by management.

Rental revenue for the year ended December 31, 2012 decreased by approximately $3.7 million compared to the year ended December 31, 2011. The decrease in rental revenue was primarily due the deconsolidation of variable interest entities (“VIE’s”), which resulted in a reduction in rental revenue of approximately $4.3 million. Rental revenue from our VIE properties consolidated for the full years 2012 and 2011 increased by approximately $0.6 million, primarily due to an increase in occupancy. Rental revenue for our owned properties was virtually unchanged. The weighted average occupancy of all properties consolidated was 80% at December 31, 2012.

Net income attributable to common stockholders for the year ended December 31, 2012 was $1.2 million, or $0.40 per share, compared to net income of $3.8 million, or $1.32 per share for the year ended December 31, 2011. The net income for 2012 included income from discontinued operations of $8.3 million, compared to income from discontinued operations of $12.6 million for 2011.

The Company’s Funds From Operations (FFO), a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $(3.8) million for the year ended December 31, 2012 compared to $2.1 million for the year ended December 31, 2011. The Company’s business is the ownership, operation and management of real estate. It believes that FFO is helpful to investors when measuring operating performance because it excludes various items that are considered in the determination of net income or loss that do not relate to or are not indicative of operating performance, such as gains or losses from sales of operating properties and depreciation and amortization, which can make periodic and peer analyses of operating performance more difficult. The following table reflects the reconciliation of FFO to net income attributable to the Company, the most directly comparable Generally Accepted Accounting Principles measure, for the year ended December 31, 2012 and December 31, 2011 (in thousands):

      Year Ended December 31,
2012   2011
Net income attributable to the Company $ 1,414 $ 3,999
Depreciation and amortization from discontinued operations 1,820 6,057
Gain on sale of discontinued operations attributable to the Company (13,243 ) (17,129 )
Deferred income tax expense 815 2,115
Depreciation and amortization attributable to the Company’s owned properties 5,399   7,067  
FFO $ 3,795   $ 2,109  

The following information was filed by American Spectrum Realty Inc (AQQSQ) on Monday, April 1, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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