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.
Net Income of $0.08 per share in the fourth quarter of 2022.
Core Funds From Operations (“Core FFO”) of $0.22 per share in fourth quarter of 2022.
Completed the acquisition of a multifamily asset located at 298 Mulberry Street in lower Manhattan in the fourth quarter.
Repurchased $8.2 million of common stock in the fourth quarter through February 13, 2023.
The Company currently expects 2023 Core FFO to range between $0.82 to $0.86 per fully diluted share.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance