Exhibit 99.1

American Spectrum Realty Reports Second Quarter Results

HOUSTON--(BUSINESS WIRE)--August 15, 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 quarter ended June 30, 2013.

Corporate general and administrative expenses decreased by approximately $0.4 million for the second quarter of 2013 compared to the second quarter of 2012. The decrease was primarily due to a reduction in corporate personnel costs. In 2012, the Company relocated its accounting department from Irvine, California to Houston, Texas, thereby reducing annual costs. 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 attributable to other cost cutting measures implemented by management.

Third party management and leasing revenue increased by approximately $0.1 million for three months ended June 30, 2013 in comparison to the three months ended June 30, 2012. The increase was primarily due to an increase in third party management contracts. In April 2013, we were assigned the management of an additional 20 self-storage properties. The self-storage properties total over 1.5 million square feet and are located across seven states. The assignment is expected to increase the Company’s third party management revenue by approximately $1.0 million annually.

Rental revenue decreased by approximately $1.2 million for the three months ended June 30, 2013 compared to the three months ended June 30, 2012. The decrease in rental revenue was primarily due the deconsolidation of VIEs, which resulted in a reduction in rental revenue of approximately $1.4 million. Rental revenue from properties consolidated for the full three months ended June 30, 2013 and 2012 increased by approximately $0.2 million compared to the three months ended June 30, 2012. This increase was primarily attributable to our owned properties. The weighted average occupancy of our owned properties was 84% at June 30, 2013. The weighted average occupancy of all properties consolidated was 88% at June 30, 2013.

Net loss attributable to common stockholders for the quarter ended June 30, 2013 was $1.5 million, or $0.39 per share, compared to $0.1 million, or $0.00 per share, for the quarter ended June 30, 2012. The net loss for the quarter ended June 30, 2013 included a loss from discontinued operations of $0.2 million compared to income of $1.5 million for the quarter ended June 30, 2012.

Net loss attributable to common stockholders for the six months ended June 30, 2013 was $3.4 million, or $0.92 per share, compared to net income of $0.3 million, or $0.12 per share, for the six months ended June 30, 2012. The net loss for the six months ended June 30, 2013 included a loss from discontinued operations of $0.3 million compared to income of $3.9 million for the quarter ended June 30, 2012.

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 $(2.3) million for the six months ended June 30, 2013 compared to $(1.5) million for the six months ended June 30, 2012. 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 (loss) income attributable to the Company, the most directly comparable Generally Accepted Accounting Principles measure, for the six months ended June 30, 2013 and 2012 (in thousands):


The following information was filed by American Spectrum Realty Inc (AQQSQ) on Thursday, August 15, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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