secwatch.observer — SEC 8-K summary
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Issuer:     Empire State Realty Trust, Inc. (ESRT)
CIK:        0001541401
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001193125-22-044423
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire State Realty Trust Q4 2021 EPS ($0.02), Core FFO $0.18, observatory revenue up 38%
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- EPS ($0.02) per diluted share; Core FFO $0.18; full-year Core FFO $0.70 per share.
- Same-store cash NOI (ex lease fees) down 4.9% YoY; portfolio occupied 82.4%, leased 85.7%.
- Observatory revenue $17.7M (+38% QoQ), NOI $10.7M; 360k visitors vs 255k in Q3 2021.
- Recapitalized 625 multifamily units for $307M (incl. $186M debt); ESRT retains 90% interest.
- Repurchased $41.7M stock at $9.46/shr; $1.3B liquidity, no debt maturities until Nov 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541401/000119312522044423/0001193125-22-044423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541401/000119312522044423/d511127d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-044423

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