---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-015176"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T11:48:32.419128+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ESRT Q4 Core FFO $0.24/share; 2025 guidance $0.86-$0.89, down from $0.95 in 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-015176
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000110465925015176/0001104659-25-015176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000110465925015176/tm256999d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-015176
- JSON: https://secwatch.observer/filing/0001104659-25-015176.json
- Plain text: https://secwatch.observer/filing/0001104659-25-015176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.