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.
Net income per share was $0.06 in Q4 2023.
Core FFO per share was $0.25 in Q4 2023.
Same-Store Property Cash Net Operating Income increased 11.3% year-over-year.
Signed approximately 164,000 rentable square feet of leases in Q4 2023.
The Company has provided initial 2024 guidance and key assumptions, as summarized in the table below. The Company’s guidance does not include the impact of any significant future lease termination fee income or any unannounced acquisition, disposition or other capital markets activity.
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