Empire State Realty Trust, Inc.ESRT
| Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Rental revenue | - | - | - | - | - | - | 586 | 563 | 560 | 591 | 597 |
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Observatory revenue | - | - | 112 | 125 | 127 | 131 | 129 | 29 | 41 | 106 | 129 |
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Lease termination fees | - | - | - | - | - | 21 | 4 | 9 | 16 | 20 | - |
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Property Management Fee Revenue | - | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 |
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Other revenue and fees | - | - | - | - | - | 12 | 11 | 6 | 5 | 9 | 12 |
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Total revenues | - | - | 658 | 678 | 712 | 732 | 731 | 609 | 624 | 727 | 740 |
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Property operating expenses | - | - | 161 | 154 | 164 | 167 | 175 | 136 | 127 | 158 | 167 |
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Ground Rent Expense | - | - | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
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General and administrative expenses | - | - | 38 | 49 | 50 | 53 | 61 | 62 | 56 | 62 | 64 |
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Observatory Expense | - | - | 30 | 30 | 30 | 33 | 34 | 24 | 23 | 31 | 35 |
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Real estate taxes | - | - | 93 | 96 | 102 | 110 | 116 | 122 | 120 | 123 | 127 |
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Impairment charges | - | - | - | - | - | - | - | 6 | 8 | - | - |
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Depreciation and amortization | - | 145 | 171 | 155 | 161 | 169 | 182 | 191 | 202 | 217 | 190 |
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Total operating expenses | - | - | 506 | 493 | 517 | 541 | 577 | 551 | 545 | 600 | 593 |
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Total operating income (loss) | - | - | 151 | 185 | 196 | 191 | 155 | 59 | 79 | 127 | 147 |
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Interest income | - | - | - | - | - | 11 | 11 | 3 | 1 | 5 | 15 |
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Interest expense | - | - | 67 | 71 | 68 | 80 | 79 | 90 | 94 | 101 | 101 |
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Gain on sale/disposition of properties | - | - | - | - | - | - | - | - | - | 34 | 27 |
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Loss on early extinguishment of debt | - | - | - | - | -2 | - | - | -0 | -0 | - | - |
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IPO litigation expense | - | - | - | - | - | - | - | 1 | - | - | - |
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Income (loss) before income taxes | - | - | 84 | 113 | 125 | 122 | 87 | -30 | -15 | 65 | 87 |
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Income tax (expense) benefit | - | - | 4 | 6 | 7 | 5 | 2 | -7 | -2 | 2 | 3 |
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Net income (loss) | -37 | 70 | 80 | 107 | 118 | 117 | 84 | -23 | -13 | 63 | 84 |
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Private perpetual preferred unit distributions | - | - | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 4 | 4 |
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Non-controlling interests in the Operating Partnership | - | - | - | - | - | - | - | - | - | 23 | 31 |
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Non-controlling interests in other partnerships | - | - | - | - | - | - | - | - | - | -0 | - |
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Non-controlling interests in other partnerships | - | - | - | - | - | - | - | - | - | - | 0 |
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Net income (loss) attributable to common stockholders | - | - | 34 | 51 | 63 | 66 | 49 | -17 | -11 | 36 | 49 |
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Basic (in USD per share) | - | - | 0.3 | 0.38 | 0.4 | 0.39 | 0.28 | -0.1 | -0.06 | 0.22 | 0.3 |
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Diluted (in USD per share) | - | - | 0.29 | 0.38 | 0.39 | 0.39 | 0.28 | -0.1 | -0.06 | 0.22 | 0.3 |
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