Empire State Realty Trust Third Quarter 2024 Earnings: FFO per share: US$0.4 (vs US$0.40 in 3Q 2023)

Empire State Realty Trust (NYSE:ESRT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$199.6m (up 4.2% from 3Q 2023).
• Funds from operations (FFO): US$65.4m (up 2.2% from 3Q 2023).
• FFO margin: 33% (in line with 3Q 2023).
• FFO per share: US$0.4 (up from US$0.40 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Empire State Realty Trust Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Empire State Realty Trust.

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