← Empire State Realty OP, L.P.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $678.0m |
$712.5m
+5.08%
|
$731.5m
+2.67%
|
$731.3m
-0.02%
|
$609.2m
-16.70%
|
$624.1m
+2.44%
|
$727.0m
+16.50%
|
$739.6m
+1.72%
|
$766.8m
+3.68%
|
$766.8m
+0.00%
|
$784.2m
+2.27%
|
|
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $34.0m | $26.8m | $13.3m | $35.0m | — | |
| Selling, General and Administrative Expense | $49.1m | $50.3m | $52.7m | $61.1m | $62.2m | $55.9m | $61.8m | $63.9m | — | — | $80.4m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $5.2m | $5.8m | — | |
| Operating Lease, Lease Income | — | — | — | $586.4m | $563.1m | $559.7m | $591.0m | $597.3m | $614.6m | $626.2m | — | |
| Operating Expenses | $493.5m | $516.6m | $540.7m | $576.6m | $550.6m | $545.0m | $600.0m | $592.9m | $609.2m | $632.6m | $652.6m | |
| Other Operating Income | $184.5m | $195.8m | $12.4m | $10.6m | $6.5m | $5.5m | $8.6m | $11.5m | $11.0m | $11.8m | — | |
| Operating Income (Loss) | $184.5m |
$195.8m
+6.12%
|
$190.9m
-2.55%
|
$154.7m
-18.94%
|
$58.7m
-62.08%
|
$79.1m
+34.90%
|
$127.0m
+60.52%
|
$146.7m
+15.49%
|
$158.7m
+8.18%
|
$135.6m
-14.53%
|
$131.6m
-2.99%
|
|
| Interest Expense | $71.1m | $68.5m | $79.6m | $79.2m | $89.9m | $94.4m | $101.2m | $101.5m | $105.2m | $103.1m | $107.0m | |
| Investment Income, Net | — | — | $10.7m | $11.3m | $2.6m | $704k | $4.9m | $15.1m | $21.3m | $8.7m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | ($289k) | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $113.4m | $124.9m | $121.9m | $86.7m | ($29.9m) | ($14.8m) | $64.8m | $87.1m | $83.0m | $75.5m | $10.1m | |
| Current Income Tax Expense (Benefit) | $5.7m | $6.2m | $4.6m | $1.9m | ($7.6m) | $613k | $546k | $1.5m | $2.4m | $2.2m | $870k | |
| Real Estate Tax Expense | $96.1m | $102.5m | $110.0m | $115.9m | $121.9m | $120.0m | $123.1m | $127.1m | $128.8m | $132.7m | — | |
| Income Tax Expense (Benefit) | $6.1m | $6.7m | $4.6m | $2.4m | ($7.0m) | ($1.7m) | $1.5m | $2.7m | $2.7m | $2.6m | $870k | |
| Net Income (Loss) Attributable to Parent | $106.3m |
$117.3m
+10.35%
|
$116.3m
-0.85%
|
$82.5m
-29.03%
|
($27.1m)
-132.81%
|
($17.2m)
+36.42%
|
$59.3m
+444.08%
|
$80.1m
+35.24%
|
$76.2m
-4.97%
|
$68.8m
-9.68%
|
$5.1m
-92.65%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $0 | $0 | $17k | — | $68k | $4k | $0 | $5.1m | |
| Preferred Stock Dividends and Other Adjustments | $936k | $936k | $936k | $1.7m | $4.2m | $4.2m | $4.2m | $4.2m | $4.2m | $4.2m | $4.2m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $747k | $760k | $851k | $885k | $985k | $340k | $0 | $0 | — | — | — | |
| Earnings Per Share, Basic | $0.38 | $0.39 | $0.39 | $0.27 | ($0.10) | ($0.06) | $0.22 | $0.30 | $0.29 | $0.26 | $0.03 | |
| Earnings Per Share, Diluted | $0.38 | $0.39 | $0.39 | $0.27 | ($0.10) | ($0.06) | $0.22 | $0.30 | $0.28 | $0.25 | $0.02 | |
| Weighted Average Number of Shares Outstanding, Basic | 276.8m | 296.5m | 297.3m | 297.8m | 283.8m | 277.4m | 268.3m | 263.2m | 264.7m | 266.9m | 267.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 277.6m | 298.0m | 297.3m | 297.8m | 283.8m | 277.4m | 269.9m | 265.6m | 269.0m | 270.0m | 269.6m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $98k | $0 | $0 | — | — | — | — | — | — | — | — |