---
title: "Empire State Realty OP - S250 | 8-K: FY2025 Q1 Revenue: USD 180.07 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238139367.md"
datetime: "2025-04-29T20:24:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238139367.md)
  - [en](https://longbridge.com/en/news/238139367.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238139367.md)
---

# Empire State Realty OP - S250 | 8-K: FY2025 Q1 Revenue: USD 180.07 M

Revenue: As of FY2025 Q1, the actual value is USD 180.07 M.

EPS: As of FY2025 Q1, the actual value is USD 0.05.

EBIT: As of FY2025 Q1, the actual value is USD 15.16 M.

### Segment Revenue

-   **Rental Revenue**: $154.542 million for the first quarter of 2025, compared to $153.882 million for the same period in 2024.
-   **Observatory Revenue**: $23.161 million for the first quarter of 2025, compared to $24.596 million for the same period in 2024.

### Operational Metrics

-   **Net Income**: $15.778 million for the first quarter of 2025, compared to $10.215 million for the same period in 2024.
-   **Operating Income**: $25.788 million for the first quarter of 2025, compared to $31.063 million for the same period in 2024.
-   **Operating Expenses**: $154.278 million for the first quarter of 2025, compared to $150.116 million for the same period in 2024.

### Cash Flow

-   **Core FAD**: $1.209 million for the first quarter of 2025, compared to $8.846 million for the same period in 2024.

### Unique Metrics

-   **Observatory NOI**: $15.043 million for the first quarter of 2025, compared to $16.165 million for the same period in 2024.

### Outlook / Guidance

The company provides 2025 guidance with Core FFO per fully diluted share expected to be between $0.86 and $0.89. Commercial occupancy at year-end is projected to be between 89% and 91%, and same-store property cash NOI growth is expected to range from -2.0% to +1.5%. The company has provided forward-looking statements indicating substantial risks and uncertainties that could impact future results, including economic factors, changes in business strategy, and potential legal proceedings.

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