---
title: "Empire State Realty Posts Q2 Loss, Maintains Strong Leasing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294260333.md"
description: "Empire State Realty Trust reported a Q2 2026 net loss of $0.15 per diluted share, driven by a $166.1 million goodwill impairment. Despite this, the REIT maintained strong leasing dynamics with near 95% leased rates and secured a $245 million term loan to extend debt maturity to 2028. The company also sold assets for capital recycling while facing headwinds from soft tourism affecting its Observation Deck."
datetime: "2026-07-29T20:49:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294260333.md)
  - [en](https://longbridge.com/en/news/294260333.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294260333.md)
generator: "portal-rs"
---

# Empire State Realty Posts Q2 Loss, Maintains Strong Leasing

Empire State Realty OP Series 250 ( (FISK) ) has shared an update.

Empire State Realty Trust reported its second quarter 2026 results on July 29, 2026, posting a net loss of $0.15 per diluted share largely driven by a $166.1 million non-cash goodwill impairment tied to its Observatory unit, alongside a $0.21 Core FFO per share and 3.3% growth in same-store cash NOI that turned negative when adjusted for one-offs. The REIT maintained strong leasing dynamics with 381,799 square feet signed, office leasing spreads of 17.8% and portfolio leased rates near 95%, while recycling capital through the $275 million sale of 250 West 57th Street, a $110 million land acquisition under key Broadway assets, and securing a $245 million term loan that extends its debt maturity runway to 2028.

The company’s commercial portfolio was 94.9% leased and 89.4% occupied as of June 30, 2026, with multifamily assets 97.7% occupied and notable new office leases including United Talent Agency’s 100,948-square-foot commitment at the Empire State Building. Observation Deck NOI reached $12.4 million but remained pressured by soft international tourism and pass program weakness, while balance sheet liquidity stood at $0.5 billion against $2.2 billion of debt, positioning ESRT with financial flexibility but underscoring ongoing earnings headwinds amid higher operating costs and tourism-related softness.

**More about Empire State Realty OP Series 250**

Empire State Realty Trust, Inc. is a New York City-focused real estate investment trust that owns and operates a portfolio of modernized, amenitized office, retail, and multifamily properties. Its flagship asset is the Empire State Building, whose Observation Deck is a major tourism attraction, and the company is known for leadership in energy efficiency and indoor environmental quality.

**Average Trading Volume:** 1,442

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** $1.56B

Find detailed analytics on FISK stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**