ESRT reports Q4 net income $0.06/sh, Core FFO $0.25/sh; provides 2024 guidance

Empire State Realty Trust, Inc.

2023-FY EPS reported $0.30 revenue$739,572,000

Net income $0.06 per diluted share in Q4; full year $0.30 per share.
Core FFO $0.25 per share in Q4 and $0.93 per share for 2023.
Same-Store NOI up 11.3% Q4 YoY; Manhattan office leased rate 92.1%, up 250bps YoY.
Full year 2024 Core FFO guidance $0.90-$0.94 per share; occupancy 87-89%.
Observatory NOI $94.1M in 2023; 2024 guidance $94M-$102M.

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 0.9

Empire State Realty Trust, Inc. reported fourth quarter 2023 results: EPS 0.06 per share.

Period: fourth quarter 2023
EPS: 0.06 per share
Result: reported results

Exact text from the filing

Net Income of $0.06 per share in the fourth quarter of 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Empire State Realty Trust, Inc. updated its full year 2024 guidance (initiated).

Period: full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company has provided initial 2024 guidance and key assumptions, as summarized in the table below.

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Empire State Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-039994

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