secwatch.observer — SEC 8-K summary
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Issuer:     Empire State Realty Trust, Inc. (ESRT)
CIK:        0001541401
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001193125-23-040242
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESRT Q4 net income $0.08/shr; Core FFO $0.22; guides 2023 Core FFO $0.82-0.86
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- Q4 net income $0.08/shr vs. -$0.02 YoY; Core FFO $0.22/shr vs. $0.18 YoY.
- Full-year 2022 Core FFO $0.90/shr; same-store cash NOI ex lease fees down 4.1% YoY.
- 2023 Core FFO guidance $0.82-$0.86/shr; same-store cash NOI expected -4% to -6%.
- Acquired 298 Mulberry St multifamily for $115M; sold 10 Bank St ($42M) and Westport retail ($40M).
- Liquidity $1.1B; $2.3B debt at 3.9% avg rate; no maturities until Nov 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541401/000119312523040242/0001193125-23-040242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541401/000119312523040242/d455879d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040242

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