---
schema_version: "secwatch.filing_event.v1"
accession: "0001541401-25-000025"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:22:49.643211+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ESRT Q2 2025: net income $0.04/sh, Core FFO $0.22/sh; guidance cut

## Summary
- 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.

## SEC filing metadata
- accession: 0001541401-25-000025
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000154140125000025/0001541401-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000154140125000025/esrt-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541401-25-000025
- JSON: https://secwatch.observer/filing/0001541401-25-000025.json
- Plain text: https://secwatch.observer/filing/0001541401-25-000025.txt

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