Empire State Realty Trust delivered a solid third quarter in 2025, achieving a net income of $13.645 million and Core FFO of $0.23 per share. The company demonstrated strong leasing activity, signing 87,880 rentable square feet of commercial leases, with Manhattan office occupancy increasing to 90.3%. Despite a slight decrease in Same-Store Property Cash NOI, adjusted for non-recurring items, it showed an increase of 1.1%. The company maintained a healthy balance sheet with $0.8 billion in total liquidity.
Empire State Realty Trust delivered a solid second quarter in 2025, signing over 232,000 square feet of leases and achieving positive blended leasing spreads in Manhattan office for the 16th consecutive quarter. While Same-Store Property Cash NOI saw a slight decrease primarily due to increased expenses, the company maintained strong liquidity and increased its Manhattan office leased and occupied rates.
Empire State Realty Trust reported net income of $0.05 per share and Core FFO of $0.19 per share for Q1 2025. The company signed 231,000 rentable square feet of leases and maintained strong liquidity with no floating rate debt exposure. The 2025 outlook remains unchanged.
Empire State Realty Trust reported a net income of $0.07 per share for Q4 2024 and $0.28 per share for the full year. Core FFO was $0.24 per share for Q4 2024 and $0.95 per share for the full year. The company signed 379 thousand rentable square feet of office leases in Q4 and 1.325 million rentable square feet for the full year, with Manhattan office blended leasing spreads at +10.8%.
Empire State Realty Trust reported its Q3 2024 results, with key highlights including a net income per fully diluted share of $0.08, core FFO per fully diluted share of $0.26, and the signing of 304,000 rentable square feet of leases. The company also closed on $143 million of a $195 million retail acquisition in Williamsburg, Brooklyn, and announced an agreement to acquire an additional retail asset in the same area.
Empire State Realty Trust reported its Q2 2024 results, with key highlights including Observatory NOI of $25.2 million, a 1.6% increase year-over-year, and the signing of 272,000 rentable square feet of leases. The company also announced agreements to acquire North 6th Street Williamsburg, Brooklyn Retail and reaffirmed its 2024 FFO guidance.
Empire State Realty Trust announced its first quarter 2024 results, featuring a net income per fully diluted share of $0.03 and a core FFO per fully diluted share of $0.21. The company signed 248,000 rentable square feet of leases and closed a new credit facility.
Empire State Realty Trust (ESRT) reported its Q4 and full year 2023 financial results. The company's Manhattan office portfolio leased rate increased to 92.1%. The Empire State Building Observatory generated $26.9 million of NOI in Q4.
Empire State Realty Trust reported its Q3 2023 results, featuring a net income of $0.07 per share and a core FFO of $0.25 per share. The company increased its full-year core FFO guidance to $0.85-$0.87 per share. ESRT completed the acquisition of a prime retail asset in Williamsburg, Brooklyn for $26.4 million.
Empire State Realty Trust announced second quarter 2023 results, reporting net income of $0.14 per share and core FFO of $0.26 per share. The company's Manhattan office portfolio leased rate increased to 91.6%, and the Observatory generated $24.8 million of NOI.
Empire State Realty Trust reported a net income of $0.04 per share and Core Funds From Operations (FFO) of $0.16 per share for Q1 2023. The Manhattan office portfolio occupancy increased, and the Empire State Building Observatory saw a significant rise in NOI and visitor count.
Empire State Realty Trust reported net income of $0.08 per share and Core FFO of $0.22 per share for the fourth quarter of 2022. The company completed a multifamily acquisition and dispositions of non-core suburban assets. As of December 31, 2022, total liquidity was $1.1 billion with no debt maturity until November 2024.
Empire State Realty Trust reported its Q3 2022 results, with a net income of $0.03 per fully diluted share and Core FFO of $0.21 per fully diluted share. The company's total commercial portfolio is 88.5% leased, and the Empire State Building Observatory generated $24.5 million of NOI. ESRT repurchased $20.1 million of common stock and achieved carbon neutrality for its 9.9 million square foot commercial portfolio.
Empire State Realty Trust reported its Q2 2022 results, with a net income of $0.18 per fully diluted share and Core FFO of $0.29 per fully diluted share. The company's total commercial portfolio is 87.8% leased, and the Empire State Building Observatory's NOI was $19.6 million.
Empire State Realty Trust reported its operational and financial results for the first quarter of 2022, with core FFO increasing compared to the prior year and the Empire State Building Observatory showing strong revenue growth.
Empire State Realty Trust reported its Q4 2021 results, with earnings per share of ($0.02) and Core FFO of $0.18 per fully diluted share. The Empire State Building Observatory saw a revenue increase of over 38% compared to the previous quarter, reaching $17.7 million. The company completed the recapitalization of two Manhattan multifamily assets and repurchased $41.7 million of common stock.
Empire State Realty Trust reported its Q3 2021 financial results, with earnings per share of ($0.04) and Core FFO of $0.20 per fully diluted share. The Empire State Building Observatory saw increased revenue, and the company collected 95% of total billings.
Empire State Realty Trust reported its Q2 2021 results, with earnings of $0.01 per fully diluted share and Core FFO of $0.18 per fully diluted share. The company's observatory revenue increased significantly, and they reinstated their quarterly dividend.
Empire State Realty Trust reported its Q1 2021 results, with a focus on New York City's recovery and the company's sustainability efforts. The company highlighted its strong liquidity position and ongoing stock repurchase program.
Empire State Realty Trust reported its Q4 2020 results, with earnings per share of ($0.00) and Core FFO of $0.17 per fully diluted share. The company highlighted its strong liquidity position of $1.6 billion and no outstanding debt maturity through 2024.
Empire State Realty Trust reported a net loss of $0.05 per fully diluted share and Core FFO of $0.12 per fully diluted share for the third quarter of 2020. The company maintained a strong liquidity position of $1.5 billion and achieved cost reduction targets.
Empire State Realty Trust reported a net loss of $0.07 per fully diluted share and Core FFO of $0.14 per fully diluted share for Q2 2020. The company's liquidity position remained strong with $1.4 billion, and rent collections improved during the quarter. The Empire State Building Observatory remained closed during the entire second quarter and reopened on July 20, 2020.
Empire State Realty Trust reported a net income of $8.288 million and a net operating income of $88.671 million for the quarter ended March 31, 2020. The company's cash revenues totaled $562.399 million for the twelve months ended March 31, 2020.
Empire State Realty Trust reported positive operational and financial results for Q4 2019, with highlights including leasing approximately 346,000 square feet of office and retail space and an increase in Observatory revenue.