Empire State Realty OP, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 05:35 pm
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Empire State Realty OP, L.P. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 149.34 million compared to USD 140.8 million a year ago. Revenue was USD 198.02 million compared to USD 153.41 million a year ago. Net income was USD 48.85 million compared to USD 4.41 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.01 a year ago.
For the six months, sales was USD 296.85 million compared to USD 281.03 million a year ago. Revenue was USD 362.06 million compared to USD 298.71 million a year ago. Net income was USD 31.7 million compared to USD 1.22 million a year ago. Basic earnings per share from continuing operations was USD 0.11. Diluted earnings per share from continuing operations was USD 0.11.
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. 
