Empire State Realty Trust, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $678.0m $712.5m $731.5m $731.3m $609.2m $624.1m $727.0m $739.6m $766.8m $766.8m
Revenues:
Operating Expenses $493.5m $516.6m $540.7m $576.6m $550.6m $545.0m $600.0m $592.9m $609.2m $632.6m
Operating Income (Loss) $184.5m $195.8m $190.9m $154.7m $58.7m $79.1m $127.0m $146.7m $158.7m $135.6m
Additional Financial Items
Operating Lease, Lease Income $586.4m $563.1m $559.7m $591.0m $597.3m $614.6m $626.2m
Amortization of Intangible Assets $5.2m $5.8m
Gains (Losses) on Sales of Investment Real Estate $34.0m $26.8m $13.3m $35.0m
Other Operating Income $184.5m $195.8m $12.4m $10.6m $6.5m $5.5m $8.6m $11.5m $11.0m $11.8m
Preferred Stock Dividends and Other Adjustments $936k $936k $936k $1.7m $4.2m $4.2m $4.2m $4.2m $4.2m $4.2m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $36k $36k $38k $45k $60k $26k $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
Gain (Loss) on Derivative Instruments, Net, Pretax ($289k) $0 $0
Investment Income, Net $10.7m $11.3m $2.6m $704k $4.9m $15.1m $21.3m $8.7m
Net Income (Loss) Available to Common Stockholders, Basic $51.5m $62.6m $65.6m $49.4m ($16.7m) ($10.7m) $36.4m $49.0m $47.4m $43.4m
Net Income (Loss) Attributable to Noncontrolling Interest $54.9m $54.7m $50.7m $33.1m ($10.4m)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest ($6.5m)
Earnings Per Share, Basic $0.38 $0.40 $0.39 $0.28 ($0.10) ($0.06) $0.22 $0.30 $0.29 $0.26
Earnings Per Share, Diluted $0.38 $0.39 $0.39 $0.28 ($0.10) ($0.06) $0.22 $0.30 $0.28 $0.25
Common Stock, Dividends, Per Share, Declared $0.40 $0.42 $0.42 $0.42 $0.21 $0.10 $0.14 $0.14 $0.14 $0.14
Weighted Average Number of Shares Outstanding, Basic 133.9m 158.4m 167.6m 178.3m 175.2m 172.4m 165.0m 161.1m 164.9m 168.5m
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
General and Administrative Expense $70.2m $72.8m
Selling, General and Administrative Expense $49.1m $50.3m $52.7m $61.1m $62.2m $55.9m $61.8m $63.9m
Interest Expense (non-operating) $105.2m $103.1m
Business Combination, Acquisition Related Costs $98k $0 $0
Current Income Tax Expense (Benefit) $5.7m $6.2m $4.6m $1.9m ($7.6m) $613k $546k $1.5m $2.4m $2.2m
Interest Expense $71.1m $68.5m $79.6m $79.2m $89.9m $94.4m $101.2m $101.5m $105.2m $103.1m
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