Empire State Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	626.21	614.6	597.32	591.05	559.69
Property Management Fees	1.48	1.17	1.35	1.36	1.22
Other Revenue	140.11	147.39	140.9	114.6	46.96
Total Revenue	767.81	763.15	739.57	707.01	607.86
Revenue Growth (YoY	0.61%	3.19%	4.61%	16.31%	1.34%
Property Expenses	365.02	354.16	339.02	321.35	279.49
Selling, General & Administrative	72.84	70.23	63.94	61.77	55.95
Depreciation & Amortization	194.76	184.82	189.91	216.89	201.81
Other Operating Expenses	-0.46	-4.77	-	-20.03	-16.23
Total Operating Expenses	632.16	604.44	592.87	579.98	521.01
Operating Income	135.65	158.71	146.71	127.03	86.86
Interest Expense	-103.78	-109.71	-101.48	-101.21	-94.39
Interest & Investment Income	8.75	21.3	15.14	4.95	0.7
EBT Excluding Unusual Items	40.62	70.3	60.36	30.77	-6.83
Gain (Loss) on Sale of Assets	35.02	13.3	26.76	33.99	-
Asset Writedown	-	-	-	-	-7.72
Other Unusual Items	-0.1	-0.55	-	-	-0.21
Pretax Income	75.54	83.05	87.12	64.76	-14.77
Income Tax Expense	2.56	2.69	2.72	1.55	-1.73
Earnings From Continuing Operations	72.98	80.36	84.41	63.21	-13.04
Minority Interest in Earnings	-25.38	-28.72	-31.16	-22.57	6.53
Net Income	47.6	51.64	53.25	40.64	-6.51
Preferred Dividends & Other Adjustments	4.2	4.2	4.2	4.2	4.23
Net Income to Common	43.4	47.44	49.04	36.44	-10.74
Net Income Growth	-7.83%	-3.01%	31.01%	-	-
Basic Shares Outstanding	169	165	161	165	172
Diluted Shares Outstanding	270	269	266	270	277
Shares Change (YoY)	0.38%	1.27%	-1.60%	-2.69%	-2.26%
EPS (Basic)	0.26	0.29	0.30	0.22	-0.06
EPS (Diluted)	0.25	0.28	0.30	0.22	-0.06
EPS Growth	-11.69%	-6.17%	37.44%	-	-
Dividend Per Share	0.140	0.140	0.140	0.140	0.105
Dividend Growth	-	-	-	33.33%	-50.00%
Operating Margin	17.67%	20.80%	19.84%	17.97%	14.29%
Profit Margin	5.65%	6.22%	6.63%	5.15%	-1.77%
EBITDA	311.69	326.71	318.42	321.55	262
EBITDA Margin	40.59%	42.81%	43.05%	45.48%	43.10%
D&A For Ebitda	176.04	168	171.72	194.52	175.14
EBIT	135.65	158.71	146.71	127.03	86.86
EBIT Margin	17.67%	20.80%	19.84%	17.97%	14.29%
Funds From Operations (FFO)	224.98	243.37	238.01	235.79	186.85
FFO Per Share	0.83	0.90	0.90	0.87	0.67
Adjusted Funds From Operations (AFFO)	224.98	243.37	238.01	235.79	186.85
AFFO Per Share	0.83	0.90	0.90	0.87	0.67
FFO Payout Ratio	-	9.54%	9.53%	9.80%	9.69%
Effective Tax Rate	3.39%	3.24%	3.12%	2.39%	-
Revenue as Reported	768.27	767.92	739.57	727.04	624.09

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.