Empire State Realty Op, L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 09:26 pm
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Empire State Realty OP, L.P. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 153.408 million compared to USD 141.030 million a year ago. Operating income was USD 26.484 million compared to USD 334,000 a year ago. Net income was USD 3.126 million compared to net loss of USD 11.746 million a year ago. For the half year, total revenue was USD 298.712 million compared to USD 311.254 million a year ago. Operating income was USD 44.833 million compared to USD 27.307 million a year ago. Net income was USD 885,000 compared to net loss of USD 6.201 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. 
