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The latest update is out from Empire State Realty OP Series 250 ( (FISK) ).
On April 29, 2026, Empire State Realty Trust reported first-quarter 2026 net income of $0.01 per fully diluted share and Core FFO of $0.20 per share, with same-store cash NOI up 5.5% year over year, or 1.3% excluding non-recurring items. The commercial portfolio was 93.2% leased and 88.2% occupied, as temporary downtime from an FDIC-related expiration weighed on occupancy, while the Empire State Building Observatory generated $10.6 million of NOI in the seasonally soft quarter, down about $3.5 million year over year due to timing of gift shop license fees.
The company executed 113,484 square feet of new and renewal commercial leases with positive blended office leasing spreads for the 19th consecutive quarter, highlighted by a 13-year 60,003-square-foot Steve Madden lease and a 20-year JP Morgan Chase retail renewal. ESRT also acquired a newly constructed but vacant prime retail asset in Williamsburg, Brooklyn for $46 million, refinanced 10 Union Square East with a new $53.5 million 10-year loan, issued $130 million of 6-year senior unsecured notes in April, and ended the quarter with $0.6 billion in liquidity and no unaddressed debt maturities until January 2028, while reaffirming its 2026 outlook.
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, and well-located office, retail, and multifamily properties, including its flagship Empire State Building and Observatory. The company is recognized for its emphasis on energy efficiency and indoor environmental quality across its 7.6 million square feet of office, 0.8 million square feet of retail, and 743 residential units.
Average Trading Volume: 2,641
Technical Sentiment Signal: Sell
Current Market Cap: $1.54B
Find detailed analytics on FISK stock on TipRanks’ Stock Analysis page.