earnings
confidence high
sentiment negative
materiality 0.75
ESRT Q2 2025: net income $0.04/sh, Core FFO $0.22/sh; guidance cut
Empire State Realty Trust, Inc.
2025-Q2 EPS reported
$0.09
revenue$371,316,000
- Net income $0.04 per diluted share; Core FFO $0.22 per fully diluted share.
- Same-store Property Cash NOI (excl. termination fees) fell 5.9% YoY; adjusted decline 3.0%.
- Signed 221,776 sq ft of Manhattan office leases at +12.1% blended spreads; Manhattan office leased rate 93.8%.
- 2025 Core FFO guidance lowered to $0.83–$0.86 from $0.86–$0.89 per share.
- Observatory NOI guidance reduced to $90M–$94M from $97M–$102M.