Empire State Realty Trust Announces First Quarter 2020 Results
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Empire State Realty Trust (ESRT) Tops Q1 EPS by 1c, Revenues Miss
April 22, 2020 5:08 PM EDTEmpire State Realty Trust (NYSE: ESRT) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $170.22 million versus the consensus estimate of $174.34 million.
First Quarter Highlights
Net income attributable to the Company was $0.02 per fully diluted share.Core Funds From Operations (Core FFO) was $0.18 per fully diluted share.Fortified its already strong balance sheet with the completion of several financings that raised $300 million in net incremental proceeds.Increased its cash balance to over $1 billion with a $550 million draw under its... More