Empire State Realty Trust, Inc.ESRT

Market cap

$1.1B

P/E ratio

	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	Dec 31, 2024
Rental revenue	-	-	-	-	-	-	586	563	560	591	597	615
Observatory revenue	-	112	112	125	127	131	129	29	41	106	129	136
Lease termination fees	-	-	-	-	-	21	4	9	16	20	-	5
Property Management Fee Revenue	-	-	-	-	-	1	1	1	1	1	1	1
Other revenue and fees	-	-	-	-	-	12	11	6	5	9	12	11
Total revenues	206	635	658	678	712	732	731	609	624	727	740	768
Property operating expenses	-	151	161	154	164	167	175	136	127	158	167	179
Ground Rent Expense	-	5	9	9	9	9	9	9	9	9	9	9
General and Administrative Expense	-	-	-	-	-	-	-	-	-	-	-	70
Observatory Expense	-	29	30	30	30	33	34	24	23	31	35	37
Real estate taxes	-	82	93	96	102	110	116	122	120	123	127	129
Depreciation and amortization	-	145	171	155	161	169	182	191	202	217	190	185
Total operating expenses	-	494	506	493	517	541	577	551	545	600	593	609
Total operating income	-	141	151	185	196	191	155	59	79	127	147	159
Interest income	-	-	-	-	-	11	11	3	1	5	15	21
Interest expense	-	-	-	-	-	-	-	-	-	-	-	105
Interest expense associated with property in receivership	-	-	-	-	-	-	-	-	-	-	-	4
Loss on early extinguishment of debt	-	-	-	-	-2	-	-	-0	-0	-	-	-1
Gain on disposition of properties	-	-	-	-	-	-	-	-	-	34	27	13
Income before income taxes	-	75	84	113	125	122	87	-30	-15	65	87	83
Income tax expense	-	5	4	6	7	5	2	-7	-2	2	3	3
Net income	-37	70	80	107	118	117	84	-23	-13	63	84	80
Private perpetual preferred unit distributions	-	0	1	1	1	1	2	4	4	4	4	4
Non-controlling interests in the Operating Partnership	-	-	-	-	-	-	-	-	-	23	31	29
Non-controlling interests in other partnerships	-	-	-	-	-	-	-	-	-	-	0	0
Net income attributable to common stockholders	-	27	34	51	63	66	49	-17	-11	36	49	47
Basic (in USD per share)	-	0.27	0.3	0.38	0.4	0.39	0.28	-0.1	-0.06	0.22	0.3	0.29
Diluted (in USD per share)	-	0.27	0.29	0.38	0.39	0.39	0.28	-0.1	-0.06	0.22	0.3	0.28