Empire State Realty Trust: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 05:07 PM ET
Last Updated - May 27, 2024, 01:07 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Empire State Realty Trust Inc. (ESRT) on Wednesday reported a key measure of profitability in its first quarter.
The New York-based real estate investment trust said it had funds from operations of $56.5 million, or 21 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $5.7 million, or 3 cents per share.
