earnings
confidence high
sentiment negative
materiality 0.65
ESRT Q4 Core FFO $0.24/share; 2025 guidance $0.86-$0.89, down from $0.95 in 2024
Empire State Realty Trust, Inc.
2024-FY EPS reported
$0.28
revenue$767,923,000
- Net income $0.07 per share in Q4 2024; full year $0.28 per share.
- Core FFO $0.24 in Q4 vs $0.25 in Q4 2023; full year $0.95 vs $0.93 in 2023.
- Same-store property cash NOI (excl termination fees) decreased 2.9% in Q4 but increased 5.2% for full year.
- Manhattan office leased rate 94.2% (+160bps YoY); signed 379k sq ft in Q4, 1.325M in 2024.
- 2025 Core FFO guidance $0.86-$0.89 per share, below 2024's $0.95; liquidity $0.9B, no floating rate debt.