Empire State Realty Op, L.P. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 07, 2020 at 02:59 am IST
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Empire State Realty OP, L.P. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 170.224 million compared to USD 167.293 million a year ago. Operating income was USD 26.973 million compared to USD 26.076 million a year ago. Net income was USD 8.288 million compared to USD 9.856 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. 
