Empire State Realty OP, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 01:45 am IST
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Empire State Realty OP, L.P. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 148.29 million compared to USD 139.56 million a year ago. Revenue was USD 183.71 million compared to USD 165.05 million a year ago. Net income was USD 6.61 million compared to net loss of USD 5.93 million a year ago.
For the nine months, sales was USD 445.14 million compared to USD 420.59 million a year ago. Revenue was USD 545.77 million compared to USD 463.76 million a year ago. Net income was USD 27 million compared to net loss of USD 4.37 million a year ago.
Empire State Realty OP, L.P. is a real estate investment trust. The Company owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The Companyâs segments include Real Estate and an Observatory. Its Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its commercial and multifamily real estate assets, principally office assets, located in Manhattan. Its Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. Its portfolio comprises approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. Its office portfolio includes 11 properties encompassing over 8.6 million rentable square feet. Nine of these office properties are located in midtown Manhattan. The remaining two office properties are located in Stamford, Connecticut.
EMPIRE STATE REALTY OP, L.P. 