Empire State Realty Trust Files 8-K

TL;DR

ESRT filed an 8-K on 7/24/24 detailing financial results and operations.

AI Summary

Empire State Realty Trust, Inc. (ESRT) filed an 8-K on July 24, 2024, to report on its results of operations and financial condition. The filing also includes disclosures related to Regulation FD and financial statements. The company's principal executive offices are located at 111 West 33rd Street, New York, NY.

Why It Matters

This 8-K filing provides investors with updated information on Empire State Realty Trust's financial performance and operational status, which is crucial for investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of financial information and does not indicate any immediate or significant risks.

Key Players & Entities

• Empire State Realty Trust, Inc. (company) — Filer
• Empire State Realty OP, L.P. (company) — Filer
• 111 West 33rd Street, 12th Fl, New York, NY 10120 (location) — Business Address
• 212-850-2600 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.01 — Inc. Class A Common Stock, par value $0.01 per share ESRT The New York Stock E

Filing Documents

• tm2419033d1_8k.htm (8-K) — 78KB
• tm2419033d1_ex99-1.htm (EX-99.1) — 256KB
• tm2419033d1_ex99-2.htm (EX-99.2) — 1499KB
• tm2419033d1_ex99-1img001.jpg (GRAPHIC) — 4KB
• tm2419033d1_ex99-1img002.jpg (GRAPHIC) — 3KB
• tm2419033d1_ex99-2img01.jpg (GRAPHIC) — 324KB
• tm2419033d1_ex99-2img02.jpg (GRAPHIC) — 7KB
• tm2419033d1_ex99-2img03.jpg (GRAPHIC) — 130KB
• tm2419033d1_ex99-2img04.jpg (GRAPHIC) — 57KB
• tm2419033d1_ex99-2img05.jpg (GRAPHIC) — 63KB
• 0001104659-24-082370.txt ( ) — 3010KB
• esrt-20240724.xsd (EX-101.SCH) — 4KB
• esrt-20240724_def.xml (EX-101.DEF) — 28KB
• esrt-20240724_lab.xml (EX-101.LAB) — 38KB
• esrt-20240724_pre.xml (EX-101.PRE) — 27KB
• tm2419033d1_8k_htm.xml (XML) — 12KB

02

Item 2.02. Results of Operations and Financial Condition. On July 24, 2024, Empire State Realty Trust, Inc. (the "Company" or "we") issued a press release announcing its financial results for the second quarter 2024. The press release referred to certain supplemental information that is available on the Company's website. The press release and supplemental report are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated by reference herein. The information in Item 2.02 of this Current Report, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, unless it is specifically incorporated by reference therein. 2

01

Item 7.01. Regulation FD Disclosure Second Quarter 2024 Earnings As discussed in Item 2.02 above, the Company issued a press release regarding its financial results for the second quarter 2024 and made available on its website certain supplemental information relating thereto. The information in Item 7.01 of this Current Report is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act or the Exchange Act, unless it is specifically incorporated by reference therein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release announcing financial results for the second quarter 2024 99.2 Supplemental report 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document). Non-GAAP Supplemental Financial Measures Funds From Operations ("FFO") We compute FFO in accordance with the "White Paper" on FFO published by the National Association of Real Estate Investment Trusts, or NAREIT, which defines FFO as net income (loss) (determined in accordance with GAAP), excluding impairment write-off of investments in depreciable real estate and investments in in-substance real estate investments, gains or losses from debt restructurings and sales of depreciable operating properties, plus real estate-related depreciation and amortization (excluding amortization of deferred financing costs), less distributions to non-controlling interests and gains/losses from discontinued operations and after adjustments for unconsolidated partnerships and joint ventures. FFO is a widely recognized non-GAAP financial measure for REITs that we believe, when considered with financial statements determined in accordance with GAAP, is useful to investors in understanding financial performance and providing a relevant basis for comparison among REITs. In addition, we believe FFO is useful to investors as it captures features particular to real estate performance by recognizing that real estate has generally appreciated over time or maintains residual value to a much greater extent than do other depreciable assets. Investors should review FFO, along with GAAP net income, when trying to understand an equity REIT's operating performance. We present FFO because we consider it an important supplemental measure of our operating performance and believe that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs. However,

View Full Filing

View this 8-K filing on SEC EDGAR