tiprankstipranks
Advertisement
Advertisement

Empire State Realty Highlights Q4 2025 Results, NYC Focus

Story Highlights
  • Empire State Realty Trust’s 2025 results showed modest earnings and NOI growth, stable occupancy, and continued positive office leasing spreads.
  • ESRT completed major NYC acquisitions, exited suburban assets, and fortified liquidity and debt maturities, sharpening its New York-focused strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Empire State Realty Highlights Q4 2025 Results, NYC Focus

Claim 55% Off TipRanks

An announcement from Empire State Realty OP Series 250 ( (FISK) ) is now available.

Empire State Realty Trust reported fourth-quarter 2025 net income of $0.12 per diluted share and full-year 2025 net income of $0.25, with Core FFO per share at $0.23 for the quarter and $0.87 for the year, down versus 2024, while same-store cash NOI was modestly higher in the quarter after adjusting for prior-year non-recurring items. As of December 31, 2025, the REIT had office occupancy of 89.9% and total commercial occupancy of 90.3%, signed over 1 million square feet of commercial leases in 2025 with its 18th straight quarter of positive office leasing spreads, completed $417 million of all-cash acquisitions including the Scholastic Building, exited its last suburban office asset to become a 100% NYC commercial portfolio, strengthened liquidity with new debt issuances and an extended term loan, and continued strong Observatory performance with $90.1 million of NOI for the year.

The company’s leasing activity in the fourth quarter of 2025 included 458,473 square feet of new and renewal commercial leases at rising office rents, highlighted by long-duration renewals and expansions with tenants such as TJ Maxx, Nespresso, and Burlington Stores. At year-end 2025, ESRT reported a leased commercial rate above 93%, robust multifamily occupancy of 97.8%, total liquidity of $0.6 billion and $2.4 billion of debt with no unaddressed maturities until March 2027, positioning the REIT with a simplified, NYC-only footprint and enhanced balance sheet flexibility for 2026 and beyond.

More about Empire State Realty OP Series 250

Empire State Realty Trust, Inc. is a New York City-focused real estate investment trust that owns and operates a portfolio of modernized, amenitized office, retail, and multifamily properties. Its flagship asset is the Empire State Building and its Observatory attraction, and the company emphasizes energy efficiency and indoor environmental quality in its well-leased urban portfolio.

Average Trading Volume: 1,376

Technical Sentiment Signal: Sell

Current Market Cap: $1.78B

For detailed information about FISK stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1