Empire State Realty Op, L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 11:26 am
Share
Empire State Realty OP, L.P. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 141.030 million compared to USD 176.244 million a year ago. Operating income was USD 334,000 compared to USD 36.239 million a year ago. Net loss was USD 19.618 million compared to net income of USD 18.930 million a year ago. For the half year, total revenue was USD 311.254 million compared to USD 343.537 million a year ago. Operating income was USD 27.307 million compared to USD 62.315 million a year ago. Net loss was USD 11.330 million compared to net income of USD 28.786 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. 
