An update from Empire State Realty OP Series 250 ( (FISK) ) is now available.
Empire State Realty Trust reported its first quarter 2025 financial results, highlighting a net income of $0.05 per share and core funds from operations of $0.19 per share. The company signed 231,000 rentable square feet of leases and maintained a strong liquidity position with $0.8 billion, while having no floating rate debt exposure. The Manhattan office portfolio was 93.0% leased, and the total commercial portfolio was 92.5% leased as of March 31, 2025. Despite a slight decrease in same-store property cash net operating income due to increased expenses and taxes, the company remains optimistic about its occupancy and leasing outlook for the year.
More about Empire State Realty OP Series 250
Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused real estate investment trust (REIT) that owns and operates a portfolio of well-leased, modernized office, retail, and multifamily assets. The company is renowned for its flagship property, the Empire State Building, which features a globally recognized observatory. Empire State Realty Trust is also a leader in energy efficiency and indoor environmental quality.
YTD Price Performance: -26.56%
Average Trading Volume: 933
Technical Sentiment Signal: Buy
Current Market Cap: $1.93B
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