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.
Net Income Per Fully Diluted Share was $0.05.
Core FFO Per Fully Diluted Share was $0.19.
Signed 231,000 Rentable Square Feet of Leases in Q1 2025.
Maintained strong liquidity of $0.8 billion with no floating rate debt exposure.
The company's 2025 guidance and key assumptions remain unchanged, projecting Core FFO per fully diluted share between $0.86 and $0.89. Commercial occupancy is expected to be between 89% and 91% at year-end, and Observatory NOI is projected between $97 million and $102 million.
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