ESRT Q2 2023 Core FFO $0.26; Manhattan office leased rate 91.6%; raises full-year guidance

Empire State Realty Trust, Inc.

2023-Q2 EPS reported $0.18 revenue$355,164,000

Net income $0.14 per diluted share; Core FFO $0.26 per share.
Signed 336,314 RSF leases; Manhattan office leased rate up 330bps YoY to 91.6%.
Same-Store Property Cash NOI up 1.1% YoY (ex termination fees); Observatory NOI $24.8M (101% of 2019).
Disposed 500 Mamaroneck for $53M; repurchased $7.4M stock at avg $6.09/share.
Raises 2023 Core FFO guidance to $0.83-$0.86 (from $0.80-$0.84); no debt maturity until Nov 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Empire State Realty Trust, Inc. reported second quarter 2023 results: net income Net Income of $0.14 per share, EPS Core FFO of $0.26 per share.

Period: second quarter 2023
Net income: Net Income of $0.14 per share
EPS: Core FFO of $0.26 per share
Result: reported results

Exact text from the filing

On July 26, 2023, Empire State Realty Trust, Inc. (the “Company” or “we”) issued a press release announcing its financial results for the second quarter 2023.

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Empire State Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-194635

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