Empire State Realty Trust, Inc. 8-K
Research Summary
AI-generated summary
Empire State Realty Trust Reports Q1 2026 Results and Supplemental Metrics
What Happened
- On April 29, 2026, Empire State Realty Trust, Inc. (ESRT) issued a press release announcing its financial results for the first quarter of 2026. The press release and a supplemental report are attached to the 8‑K as Exhibits 99.1 and 99.2 and are available on the company’s website. The filing notes the Regulation FD disclosure is being furnished (not “filed”) under Item 7.01.
Key Details
- Date: April 29, 2026; press release and supplemental report attached as Exhibits 99.1 and 99.2.
- The filing includes detailed definitions and disclosures for ESRT’s non‑GAAP metrics used in the release, including FFO, Modified FFO, Core FFO, Core FAD, NOI, Property Cash NOI, EBITDA / Adjusted EBITDA and Net Debt to Adjusted EBITDA.
- ESRT’s “Same Store” definition and recent portfolio updates: Same Store excludes 86–90 North Sixth Street (acquired June 2025), 130 Mercer, SoHo (acquired Dec 2025), 41–55 North Sixth Street (acquired March 2026), and excludes Metro Center, Stamford, CT (disposed Dec 2025).
- The report was signed and submitted by Stephen V. Horn, Executive VP & Chief Financial Officer, on behalf of Empire State Realty Trust and Empire State Realty OP, L.P.
Why It Matters
- Investors receive ESRT’s official Q1 2026 results and the company’s reconciliations and definitions for key operating metrics that analysts commonly use to evaluate REIT performance (like FFO, Core FFO and NOI). These non‑GAAP measures affect how quarterly performance and leverage trends are presented and compared across periods. The Regulation FD note indicates the disclosures are furnished (limiting certain filing liabilities) rather than formally filed with the SEC.
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