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Empire State Realty Q2 FY26 turns to net loss of $40.61 million; revenue rises 3% to $196.9 million

PUBT · 1d ago
Empire State Realty Q2 FY26 turns to net loss of $40.61 million; revenue rises 3% to $196.9 million
  • Empire State Realty OP reported a net loss attributable to common unitholders of USD 40.6 million for Q2 2026, swinging from profit a year earlier.
  • Revenue rose 3% to USD 196.9 million, as rental revenue climbed 7.6% to USD 165.2 million despite a 28.5% drop in Observatory revenue.
  • Results included a non-cash goodwill impairment charge of USD 166.1 million tied to the Observatory reporting unit and a USD 124.6 million gain on the sale of 250 West 57th Street.
  • Core FFO, a non-GAAP measure, slipped to USD 57.1 million attributable to common unitholders, reflecting USD 5.5 million of one-time severance costs.
  • Closed the USD 275 million sale of 250 West 57th Street and bought land under 111 West 33rd Street and 1400 Broadway for USD 110 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empire State Realty OP LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001553079-26-000009), on August 06, 2026, and is solely responsible for the information contained therein.