Empire State Realty Trust, Inc. (ESRT)

Empire State Realty Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	621.62	614.6	597.32	591.05	559.69	563.07
Property Management Fees	1.5	1.17	1.35	1.36	1.22	1.23
Other Revenue	143.06	147.39	140.9	114.6	46.96	35.52
Total Revenue	766.18	763.15	739.57	707.01	607.86	599.81
Revenue Growth (YoY	1.02%	3.19%	4.61%	16.31%	1.34%	-17.49%
Property Expenses	361.67	354.16	339.02	321.35	279.49	291.11
Selling, General & Administrative	72.24	70.23	63.94	61.77	55.95	62.24
Depreciation & Amortization	189.56	184.82	189.91	216.89	201.81	191.01
Other Operating Expenses	-0.46	-4.77	-	-20.03	-16.23	-9.42
Total Operating Expenses	623	604.44	592.87	579.98	521.01	534.95
Operating Income	143.18	158.71	146.71	127.03	86.86	64.87
Interest Expense	-107.2	-109.71	-101.48	-101.21	-94.39	-89.91
Interest & Investment Income	11.87	21.3	15.14	4.95	0.7	2.64
EBT Excluding Unusual Items	47.85	70.3	60.36	30.77	-6.83	-22.41
Gain (Loss) on Sale of Assets	14.41	13.3	26.76	33.99	-	-
Asset Writedown	-	-	-	-	-7.72	-6.2
Total Legal Settlements	-	-	-	-	-	-1.17
Other Unusual Items	-	-0.55	-	-	-0.21	-0.09
Pretax Income	62.26	83.05	87.12	64.76	-14.77	-29.86
Income Tax Expense	2.66	2.69	2.72	1.55	-1.73	-6.97
Earnings From Continuing Operations	59.6	80.36	84.41	63.21	-13.04	-22.89
Minority Interest in Earnings	-20.51	-28.72	-31.16	-22.57	6.53	10.37
Net Income	39.09	51.64	53.25	40.64	-6.51	-12.52
Preferred Dividends & Other Adjustments	4.2	4.2	4.2	4.2	4.23	4.26
Net Income to Common	34.89	47.44	49.04	36.44	-10.74	-16.77
Net Income Growth	-21.16%	-3.01%	31.01%	-	-	-
Basic Shares Outstanding	168	165	161	165	172	175
Diluted Shares Outstanding	270	269	266	270	277	284
Shares Change (YoY)	0.70%	1.27%	-1.60%	-2.69%	-2.26%	-4.69%
EPS (Basic)	0.21	0.29	0.30	0.22	-0.06	-0.10
EPS (Diluted)	0.21	0.28	0.30	0.22	-0.06	-0.10
EPS Growth	-24.84%	-6.17%	37.44%	-	-	-
Dividend Per Share	0.140	0.140	0.140	0.140	0.105	0.210
Dividend Growth	-	-	-	33.33%	-50.00%	-50.00%
Operating Margin	18.69%	20.80%	19.84%	17.97%	14.29%	10.81%
Profit Margin	4.55%	6.22%	6.63%	5.15%	-1.77%	-2.80%
EBITDA	316.34	326.71	318.42	321.55	262	235.28
EBITDA Margin	41.29%	42.81%	43.05%	45.48%	43.10%	39.23%
D&A For Ebitda	173.16	168	171.72	194.52	175.14	170.41
EBIT	143.18	158.71	146.71	127.03	86.86	64.87
EBIT Margin	18.69%	20.80%	19.84%	17.97%	14.29%	10.81%
Funds From Operations (FFO)	226.91	243.37	238.01	235.79	186.85	-
FFO Per Share	0.84	0.90	0.90	0.87	0.67	-
Adjusted Funds From Operations (AFFO)	-	243.37	238.01	235.79	186.85	-
AFFO Per Share	-	0.90	0.90	0.87	0.67	-
FFO Payout Ratio	10.40%	9.54%	9.53%	9.80%	9.69%	-
Effective Tax Rate	4.26%	3.24%	3.12%	2.39%	-	-
Revenue as Reported	766.65	767.92	739.57	727.04	624.09	609.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q