See more : Ashford Hospitality Trust, Inc. (AHT-PI) Income Statement Analysis – Financial Results
Complete financial analysis of Empire State Realty Trust, Inc. (ESRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Empire State Realty Trust, Inc., a leading company in the REIT – Diversified industry within the Real Estate sector.
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Empire State Realty Trust, Inc. (ESRT)
About Empire State Realty Trust, Inc.
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 739.57M | 727.04M | 624.09M | 609.23M | 731.34M | 731.51M | 712.47M | 678.00M | 657.63M | 635.33M | 311.85M | 260.29M | 294.79M | 246.55M | 232.32M | 268.80M |
| Cost of Revenue | 339.02M | 321.35M | 279.49M | 291.11M | 333.99M | 319.47M | 305.60M | 289.07M | 296.53M | 306.16M | 145.44M | 105.71M | 86.26M | 87.94M | 87.79M | 80.15M |
| Gross Profit | 400.56M | 405.69M | 344.61M | 318.12M | 397.36M | 412.04M | 406.87M | 388.93M | 361.11M | 329.17M | 166.41M | 154.59M | 208.53M | 158.60M | 144.53M | 188.64M |
| Gross Profit Ratio | 54.16% | 55.80% | 55.22% | 52.22% | 54.33% | 56.33% | 57.11% | 57.36% | 54.91% | 51.81% | 53.36% | 59.39% | 70.74% | 64.33% | 62.21% | 70.18% |
| Research & Development | 0.00 | 0.09 | -0.02 | -0.05 | 0.12 | 0.17 | 0.18 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 63.94M | 61.77M | 55.95M | 62.24M | 61.06M | 52.67M | 50.32M | 49.08M | 38.07M | 39.04M | 42.57M | 23.21M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 63.94M | 61.77M | 55.95M | 62.24M | 61.06M | 52.67M | 50.32M | 49.08M | 38.07M | 39.04M | 42.57M | 23.21M | 61.92M | 41.51M | 33.43M | 73.84M |
| Other Expenses | 0.00 | 216.89M | 201.81M | 191.01M | 181.59M | 168.51M | 160.71M | 155.21M | 171.47M | 145.43M | 65.41M | 42.69M | 97.43M | 75.55M | 62.75M | 100.68M |
| Operating Expenses | 253.85M | 278.66M | 257.75M | 253.25M | 242.65M | 221.18M | 211.03M | 204.29M | 209.55M | 184.47M | 107.97M | 65.90M | 97.43M | 75.55M | 62.75M | 100.68M |
| Cost & Expenses | 592.87M | 600.01M | 537.24M | 544.36M | 576.64M | 540.65M | 516.62M | 493.36M | 506.07M | 490.62M | 253.41M | 171.61M | 183.69M | 163.49M | 150.54M | 180.84M |
| Interest Income | 15.14M | 4.95M | 704.00K | 2.64M | 11.26M | 10.66M | 2.94M | 647.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 101.48M | 101.21M | 94.39M | 89.91M | 79.25M | 79.62M | 68.47M | 71.15M | 67.49M | 66.46M | 56.96M | 54.39M | 54.75M | 52.26M | 50.74M | 48.66M |
| Depreciation & Amortization | 189.91M | 600.01M | 537.24M | 551.96M | 587.54M | 552.75M | 533.72M | 518.06M | 171.47M | 145.43M | 70.96M | 47.57M | 38.76M | 36.03M | 30.86M | 28.16M |
| EBITDA | 336.62M | 343.92M | 288.66M | 251.05M | 355.38M | 359.37M | 331.62M | 313.94M | 323.04M | 286.75M | 142.05M | 131.38M | 149.86M | 116.29M | 112.64M | 116.12M |
| EBITDA Ratio | 45.52% | 47.98% | 46.37% | 42.43% | 47.52% | 50.58% | 50.05% | 50.13% | 49.12% | 45.67% | 105.38% | 57.86% | 50.83% | 48.30% | 48.48% | 43.20% |
| Operating Income | 146.71M | 127.03M | 79.13M | 58.66M | 154.71M | 190.86M | 195.85M | 184.54M | 151.37M | 141.32M | 58.44M | 88.69M | 111.10M | 83.06M | 81.78M | 87.96M |
| Operating Income Ratio | 19.84% | 17.47% | 12.68% | 9.63% | 21.15% | 26.09% | 27.49% | 27.22% | 23.02% | 22.24% | 18.74% | 34.07% | 37.69% | 33.69% | 35.20% | 32.72% |
| Total Other Income/Expenses | -59.58M | -62.27M | -93.90M | -88.52M | -67.99M | -68.96M | -70.92M | -70.50M | -67.49M | -66.46M | 218.63M | -40.05M | -51.90M | -36.94M | -50.74M | -48.66M |
| Income Before Tax | 87.12M | 64.76M | -14.77M | -29.86M | 86.72M | 121.90M | 124.93M | 113.40M | 83.88M | 74.87M | 200.71M | 48.64M | 56.35M | 30.79M | 31.04M | 39.30M |
| Income Before Tax Ratio | 11.78% | 8.91% | -2.37% | -4.90% | 11.86% | 16.66% | 17.53% | 16.73% | 12.75% | 11.78% | 64.36% | 18.69% | 19.12% | 12.49% | 13.36% | 14.62% |
| Income Tax Expense | 2.72M | 1.55M | -1.73M | -6.97M | 2.43M | 4.64M | 6.67M | 6.15M | 3.95M | 4.66M | 374.39M | 68.74M | -3.89M | -15.32M | -10.80M | -13.42M |
| Net Income | 53.25M | 63.21M | -13.04M | -22.89M | 84.29M | 66.54M | 63.58M | 52.39M | 34.67M | 27.14M | 82.53M | 48.64M | 60.24M | 46.12M | 41.84M | 52.72M |
| Net Income Ratio | 7.20% | 8.69% | -2.09% | -3.76% | 11.53% | 9.10% | 8.92% | 7.73% | 5.27% | 4.27% | 26.46% | 18.69% | 20.44% | 18.71% | 18.01% | 19.61% |
| EPS | 0.50 | 0.38 | -0.08 | -0.13 | 0.47 | 0.38 | 0.40 | 0.38 | 0.30 | 0.27 | 0.79 | 0.53 | 0.66 | 0.49 | 0.46 | 0.58 |
| EPS Diluted | 0.30 | 0.23 | -0.05 | -0.08 | 0.29 | 0.22 | 0.39 | 0.38 | 0.29 | 0.27 | 0.79 | 0.53 | 0.66 | 0.49 | 0.46 | 0.58 |
| Weighted Avg Shares Out | 161.12M | 165.04M | 172.45M | 175.17M | 178.34M | 173.84M | 158.38M | 133.88M | 114.25M | 97.94M | 95.46M | 91.66M | 91.66M | 91.66M | 91.66M | 91.66M |
| Weighted Avg Shares Out (Dil) | 265.63M | 269.95M | 274.98M | 278.18M | 294.75M | 297.26M | 298.05M | 277.57M | 266.62M | 254.51M | 95.61M | 91.66M | 91.66M | 91.66M | 91.66M | 91.66M |
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