secwatch.observer — SEC 8-K summary
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Issuer:     Empire State Realty OP, L.P. (ESBA)
CIK:        0001553079
Form:       8-K
Filed at:   2026-06-02T10:02:06+00:00
Accession:  0001541401-26-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESRT Q1 2026 net income plummets 81% YoY to $3.0M; presents at REITweek
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- Q1 2026 net income $3.0M, down 81% from $15.8M in Q1 2025.
- Same Store cash NOI (ex-observatory and termination fees) $74.2M, up 5.5% YoY from $70.3M.
- Adjusted EBITDA $80.3M vs $78.4M YoY, slight increase.
- Observatory NOI $10.6M in Q1 2026 vs $15.0M in Q1 2025, down 29%.
- Interest expense rose 4.4% to $28.1M; depreciation increased to $50.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1553079/000154140126000026/0001541401-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541401/000154140126000026/esrt-20260602.htm
  HTML page:      https://secwatch.observer/filing/0001541401-26-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer