Empire State Realty Trust Q2 Revenue Up

Empire State Realty Trust (NYSE:ESRT), the real estate investment trust known for its Manhattan office buildings and the Empire State Building Observatory, released its Q2 2025 earnings on July 23, 2025. The key news was GAAP revenue of $191.3 million, topping analyst estimates of $188.5 million. However, profit metrics such as earnings per share (EPS) fell short of last year, with GAAP EPS of $0.04 compared to $0.10 in Q2 2024. The company also lowered its full-year 2025 outlook for both core earnings (Core FFO per fully diluted share) and Observatory profits (Observatory NOI). Overall, the quarter showed solid leasing and a stable balance sheet, but highlighted ongoing pressures on margins and profitability.

Source: Empire State Realty Trust. Note: Analysts' consensus estimates provided by FactSet.

Empire State Realty Trust is a real estate investment Trust that owns, manages, and operates a portfolio of office, retail, and multifamily properties, primarily in New York City. Its most famous asset is the Empire State Building, which includes both office space and a high-profile Observatory tourist attraction.

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Source Fool.com