---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-118571"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:46:47.825092+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ESRT Q1 net income $0.04/sh, Core FFO $0.16; 2023 guidance cut to $0.80-0.84

## Summary
- Net income $0.04 per fully diluted share; Core FFO $0.16 (includes $0.024 reserve for Signature Bank).
- Manhattan office occupancy 90.7% leased (+180bps QoQ, +390bps YoY); Same-Store Cash NOI down 11.4% YoY.
- Observatory NOI $14.3M, visitor count +65% YoY to 443,000; disposed Westport retail ($40M) and 500 Mamaroneck ($53M).
- 2023 Core FFO guidance reduced to $0.80-0.84/sh from $0.82-0.86; no debt maturity until Nov 2024, $1.1B liquidity.
- Repurchased $11.6M stock in Q1+through Apr 25; quarterly dividend $0.035/sh.

## SEC filing metadata
- accession: 0001193125-23-118571
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000119312523118571/0001193125-23-118571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000119312523118571/d483255d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-118571
- JSON: https://secwatch.observer/filing/0001193125-23-118571.json
- Plain text: https://secwatch.observer/filing/0001193125-23-118571.txt

## Key facts
- Earnings Releases
  Empire State Realty Trust, Inc. reported the first quarter 2023 results: EPS $0.04 per share.
  - Period: the first quarter 2023
  - EPS: $0.04 per share
  - Result: reported results
  source text: Today the Company reported its operational and financial results for the first quarter 2023. All per share amounts are on a fully diluted basis, where applicable. First Quarter and Recent Highlights • Net Income of $0.04 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1541401/000119312523118571/0001193125-23-118571-index.htm

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