EMPIRE STATE REALTY TRUST, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $768.3M | $767.9M | $739.6M | $727.0M | $624.1M | $609.2M | $731.3M | $731.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $72.8M | $70.2M | $63.9M | $61.8M | $55.9M | $62.2M | $61.1M | $52.7M |
| Operating Income | $135.6M | $158.7M | $146.7M | $127.0M | $79.1M | $58.7M | $154.7M | $190.9M |
| Operating Margin | 17.7% | 20.7% | 19.8% | 17.5% | 12.7% | 9.6% | 21.2% | 26.1% |
| Interest Expense | — | — | $101.5M | $101.2M | $94.4M | $89.9M | $79.2M | $79.6M |
| Pretax Income | $75.5M | $83.0M | $87.1M | $64.8M | $-14.8M | $-29.9M | $86.7M | $121.9M |
| Income Tax Expense | $2.6M | $2.7M | $2.7M | $1.5M | $-1.7M | $-7.0M | $2.4M | $4.6M |
| Net Income | $73.0M | $80.4M | $84.4M | $63.2M | $-13.0M | $-22.9M | $84.3M | $117.3M |
| Net Margin | 9.5% | 10.5% | 11.4% | 8.7% | -2.1% | -3.8% | 11.5% | 16.0% |
| EPS (Basic) | $0.26 | $0.29 | $0.30 | $0.22 | $-0.06 | $-0.10 | $0.28 | $0.39 |
| EPS (Diluted) | $0.25 | $0.28 | $0.30 | $0.22 | $-0.06 | $-0.10 | $0.28 | $0.39 |
| Shares Outstanding (Basic) | 168.5M | 164.9M | 161.1M | 165.0M | 172.4M | 175.2M | 178.3M | 167.6M |
| Shares Outstanding (Diluted) | 270.0M | 269.0M | 265.6M | 269.9M | 277.4M | 283.8M | 297.8M | 297.3M |
| Dividends Per Share | $0.14 | $0.14 | $0.14 | $0.14 | $0.11 | $0.21 | $0.42 | $0.42 |