Empire State Realty OP, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021 at 04:22 pm EDT
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Empire State Realty OP, L.P. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 139.56 million compared to USD 139.91 million a year ago. Revenue was USD 165.05 million compared to USD 146.58 million a year ago. Net loss was USD 5.93 million compared to USD 7.15 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.05 a year ago.
For the nine months, sales was USD 420.59 million compared to USD 426.02 million a year ago. Revenue was USD 463.76 million compared to USD 457.83 million a year ago. Net loss was USD 4.37 million compared to USD 13.36 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.09 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. 