7/103 sources · 3 publishersUpdated Nov 3, 04:47 UTC
Empire State Realty Trust posts Q3 FFO and revenue beats, gives full-year outlook
Empire State Realty Trust reported third-quarter FFO of $0.20 per share, $0.02 above estimates, and revenue of $193.05M, down 2.4% year over year and $4.34M above expectations. Net income was $3.1M, or 2 cents per share, while adjusted revenue was $162M. The company forecast full-year FFO between 77 and 80 cents per share.
Why it matters
The reported earnings and revenue beats provide a stronger quarterly result than expected for Empire State Realty Trust. The full-year FFO outlook gives investors a stated range against which future performance can be assessed.
Key facts
- 1Third-quarter FFO was $0.20 per share, beating estimates by $0.02. seekingalpha.com
- 2Third-quarter revenue was $193.05M, down 2.4% year over year and $4.34M above estimates. seekingalpha.com
- 3Net income was $3.1M, or 2 cents per share. finance.yahoo.com
- 4Adjusted revenue was $162M. finance.yahoo.com
- 5The company forecast full-year FFO between 77 and 80 cents per share. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.