Empire State Realty OP - S60 | 8-K: FY2025 Q3 Revenue: USD 197.73 M

Revenue: As of FY2025 Q3, the actual value is USD 197.73 M.

EPS: As of FY2025 Q3, the actual value is USD 0.05.

EBIT: As of FY2025 Q3, the actual value is USD 63.38 M.

Segment Revenue

• Rental Revenue: $158.41 million for the three months ended September 30, 2025, compared to $153.54 million for the three months ended June 30, 2025, and $153.12 million for the three months ended September 30, 2024.
• Observatory Revenue: $36.04 million for the three months ended September 30, 2025, compared to $33.90 million for the three months ended June 30, 2025, and $39.38 million for the three months ended September 30, 2024.
• Total Revenues: $197.73 million for the three months ended September 30, 2025, compared to $191.25 million for the three months ended June 30, 2025, and $199.60 million for the three months ended September 30, 2024.

Operational Metrics

• Net Income: $13.65 million for the three months ended September 30, 2025, compared to $11.39 million for the three months ended June 30, 2025, and $22.80 million for the three months ended September 30, 2024.
• Operating Income: $39.33 million for the three months ended September 30, 2025, compared to $35.12 million for the three months ended June 30, 2025, and $45.35 million for the three months ended September 30, 2024.
• Operating Expenses: $158.40 million for the three months ended September 30, 2025, compared to $156.13 million for the three months ended June 30, 2025, and $154.25 million for the three months ended September 30, 2024.

Unique Metrics

• Funds From Operations (FFO): $59.34 million for the three months ended September 30, 2025, compared to $57.26 million for the three months ended June 30, 2025, and $65.36 million for the three months ended September 30, 2024.
• Core Funds From Operations (Core FFO): $61.29 million for the three months ended September 30, 2025, compared to $59.21 million for the three months ended June 30, 2025, and $69.24 million for the three months ended September 30, 2024.
• Net Operating Income (NOI): $105.29 million for the three months ended September 30, 2025, compared to $101.20 million for the three months ended June 30, 2025, and $109.35 million for the three months ended September 30, 2024.

Outlook / Guidance

• The company reaffirmed its 2025 guidance, expecting Core FFO per fully diluted share to be between $0.83 and $0.86. Commercial occupancy at year-end is projected to be between 89% and 91%. Same-Store Property Cash NOI is expected to range from -2.0% to +1.5%, excluding lease termination fees.