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.