Empire state realty trust, inc. (ESRT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Revenues [Abstract]
Operating Lease, Lease Income

148,113

151,701

150,225

141,071

143,417

123,261

123,621

124,038

122,311

123,596

122,391

120,844

117,113

117,498

115,634

112,613

114,908

113,957

110,903

112,866

110,058

112,259

106,152

92,210

90,204

79,987

Tenant expense reimbursement

-

-

0

0

-

19,746

18,627

16,205

17,794

19,790

20,346

17,569

15,974

17,109

19,176

19,054

18,120

19,638

23,096

18,582

18,200

18,160

20,034

14,304

15,153

15,836

Observatory Revenue

19,544

37,730

37,575

32,895

20,569

34,536

40,241

35,201

21,249

32,906

39,306

33,966

20,940

33,702

38,093

31,838

21,181

27,647

35,702

30,600

18,223

28,167

35,684

30,389

17,301

23,735

Lease Termination Fees Revenue

211

1,240

2,361

363

388

18,683

1,185

357

622

3,197

1,165

1,251

7,938

-

-

-

-

-

-

-

-

-

-

-

-

-

Property Management Fee Revenue

346

299

304

331

320

289

312

376

463

312

345

392

351

394

404

423

545

475

618

594

446

451

561

753

611

550

Other Operating Income

2,010

3,963

2,408

1,584

2,599

2,794

2,416

2,352

4,832

1,876

2,993

2,327

2,638

2,237

2,541

1,887

2,320

3,483

5,460

1,757

3,348

6,456

1,206

4,549

2,074

2,210

Construction revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

374

1,607

4,918

5,804

12,963

14,963

5,265

Total revenues

170,224

194,933

192,873

176,244

167,293

199,309

186,402

178,529

167,271

181,677

186,546

176,349

164,954

178,616

175,848

165,815

157,074

165,200

175,779

164,773

151,882

170,411

169,441

155,168

140,306

127,583

Operating Expenses [Abstract]
Operating Costs and Expenses

41,468

43,901

47,894

40,227

42,955

41,004

42,772

39,418

44,185

41,522

41,270

38,529

42,210

38,775

38,585

37,386

39,104

38,297

41,052

37,262

42,027

39,376

38,291

35,149

35,860

34,055

Ground Rent Expense

2,331

2,332

2,331

2,332

2,331

2,332

2,331

2,332

2,331

2,332

2,331

2,332

2,331

2,332

2,331

2,330

2,333

2,332

2,331

2,332

2,331

2,375

2,066

447

451

398

Selling, General and Administrative Expense

15,951

16,618

14,421

15,998

14,026

13,673

13,148

13,225

12,628

13,749

12,899

12,579

11,088

13,455

11,798

12,907

10,918

9,678

10,182

9,113

9,100

9,251

10,071

9,560

10,155

16,379

Observatory Expense

8,154

8,743

9,089

8,360

7,575

8,899

8,854

7,678

7,336

7,196

8,648

7,176

7,255

7,933

7,250

6,895

7,755

8,783

7,896

8,093

7,402

10,203

7,109

7,120

6,981

5,687

Construction expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

353

2,869

5,423

6,095

12,795

14,283

5,468

Real Estate Tax Expense

29,254

29,818

29,599

28,267

28,232

28,229

28,284

26,743

26,744

26,465

26,901

24,542

24,558

24,288

24,691

23,557

23,525

23,622

23,613

22,952

22,978

23,702

21,870

18,186

18,373

17,191

Formation transaction expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

98

0

193

0

0

-

2,647

735

-

138,140

Depreciation, Depletion and Amortization, Nonproduction

46,093

46,409

44,260

44,821

46,098

46,682

42,475

39,468

39,883

40,842

38,490

40,532

40,846

39,829

37,607

38,548

39,227

45,258

45,169

39,629

41,418

48,799

37,880

28,637

30,115

27,375

Total operating expenses

143,251

147,821

147,594

140,005

141,217

140,819

137,864

128,864

133,107

132,106

130,539

125,690

128,288

126,612

122,262

121,623

122,960

127,970

130,436

119,734

128,125

139,129

126,029

112,629

116,218

244,693

Total operating income

26,973

47,112

45,279

36,239

26,076

58,490

48,538

49,665

34,164

49,571

56,007

50,659

36,666

52,004

53,586

44,192

34,114

37,230

45,343

45,039

23,757

31,282

43,412

42,539

24,088

-117,110

Other Nonoperating Income (Expense) [Abstract]
Investment Income, Net

637

1,352

2,269

3,899

3,739

3,452

3,485

2,499

1,225

-

774

775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net income of non-controlled entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest Expense

19,618

18,534

19,426

20,597

20,689

20,849

20,658

20,525

17,591

16,364

16,890

17,477

17,742

17,285

17,939

17,420

17,951

15,445

16,680

17,571

16,047

19,816

17,674

14,629

14,337

13,147

Loss on early extinguishment of debt

-86

-

-

-

0

-

-

-

-

-

-2,157

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss from derivative financial instruments

-

-

-

-

-

-

-

-

-

0

0

-42

-247

0

0

0

0

-

-

-

-

-

-

-

-

-

Settlement expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Gain on consolidation of non-controlled entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

322,563

Income before income taxes

7,906

29,930

28,122

19,541

9,126

41,093

31,365

31,639

17,798

34,600

37,734

33,915

18,677

34,814

35,647

26,772

16,163

20,036

28,663

27,468

7,710

11,466

25,738

27,910

9,751

192,306

Income Tax Expense (Benefit)

-382

1,210

1,338

611

-730

1,312

2,135

1,455

-260

2,340

2,245

2,556

-468

1,806

2,750

2,132

-542

666

2,578

883

-178

502

3,004

2,629

-1,480

-1,125

Net income

8,288

28,720

26,784

18,930

9,856

39,781

29,230

30,184

18,058

32,260

35,489

31,359

19,145

33,008

32,897

24,640

16,705

19,370

26,085

26,585

7,888

10,964

22,734

25,281

11,231

193,431

Preferred Stock Dividends and Other Adjustments

1,050

1,041

234

234

234

234

234

234

234

234

234

234

234

234

234

234

234

234

234

234

234

235

241

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

2,743

10,880

10,668

7,609

3,945

16,705

12,654

13,299

8,056

14,754

16,449

14,541

8,926

15,808

16,690

13,317

9,043

10,884

14,631

15,231

4,516

6,587

14,171

15,447

6,862

118,186

Net loss attributable to the predecessor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net Income (Loss) Available to Common Stockholders, Basic

4,495

16,799

15,882

11,087

5,677

22,842

16,342

16,651

9,768

17,272

18,806

16,584

9,985

16,966

15,973

11,089

7,428

8,252

11,220

11,120

3,138

4,142

8,322

9,834

4,369

75,245

Total weighted average shares:
Weighted Average Number of Shares Outstanding, Basic

181,741

182,362

178,352

176,796

175,850

174,704

167,657

165,256

162,667

161,004

158,102

157,921

156,493

155,413

136,831

122,502

120,778

118,828

115,900

112,852

109,400

103,103

97,729

95,466

95,466

95,463

Weighted Average Number of Shares Outstanding, Diluted

292,645

296,861

298,151

298,131

298,049

297,487

297,478

297,244

296,827

297,965

297,871

298,398

297,962

296,850

280,614

266,167

266,641

268,934

265,873

265,867

265,810

266,122

263,041

244,436

244,425

244,420

Earnings per share attributable to common stockholders:
Basic (in USD per share)

0.02

0.10

0.09

0.06

0.03

0.13

0.10

0.10

0.06

0.12

0.12

0.10

0.06

0.11

0.12

0.09

0.06

0.07

0.10

0.10

0.03

0.03

0.09

0.10

0.05

0.79

Diluted (in USD per share)

0.02

0.10

0.09

0.06

0.03

0.13

0.10

0.10

0.06

0.11

0.12

0.10

0.06

0.11

0.12

0.09

0.06

0.06

0.10

0.10

0.03

0.03

0.09

0.10

0.05

0.79

Dividends per share (in USD per share)

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.08

-

0.08

0.08

0.08

-

0.08

0.08

0.08

-