Below are the financial statements of Empire State Realty OP, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Commercial real estate properties, at cost | — | — |
| Land | 386.42a | 366.36a |
| Development costs | 8.19a | 8.18a |
| Building and improvements | 3,392.04a | 3,280.66a |
| Less: accumulated depreciation | -1,274.19a | -1,250.06a |
| Commercial real estate properties, net | 2,512.46a | 2,405.13a |
| Contract asset | 170.42a | 0a |
| Cash and cash equivalents | 385.47a | 346.62a |
| Restricted cash | 43.84a | 60.34a |
| Tenant and other receivables | 31.43a | 39.84a |
| Deferred rent receivables | 247.75a | 255.63a |
| Prepaid expenses and other assets | 101.85a | 98.17a |
| Deferred costs, net | 183.99a | 172.46a |
| Acquired below-market ground leases, net | 313.41a | 321.24a |
| Right of use assets | 28.2a | 28.44a |
| Goodwill | 491.48a | 491.48a |
| Total assets | 4,510.29a | 4,219.33a |
| Liabilities and capital | — | — |
| Liabilities | — | — |
| Mortgage notes payable, net | 692.18a | 877.39a |
| Senior unsecured notes, net | 1,197.06a | 973.87a |
| Unsecured term loan facilities, net | 268.73a | 389.29a |
| Unsecured revolving credit facility | 120a | 0a |
| Debt associated with property in receivership | 177.67a | 0a |
| Accrued interest associated with property in receivership | 5.43a | 0a |
| Accounts payable and accrued expenses | 132.02a | 99.76a |
| Acquired below-market leases, net | 19.5a | 13.75a |
| Ground lease liabilities | 28.2a | 28.44a |
| Deferred revenue and other liabilities | 62.64a | 70.3a |
| Tenants’ security deposits | 24.91a | 35.5a |
| Total liabilities | 2,728.33a | 2,488.29a |
| Capital | — | — |
| Private perpetual preferred units | — | — |
| Series 2019 Private perpetual preferred units | 21.94a | 21.94a |
| Series 2014 Private perpetual preferred units | 8a | 8a |
| Series PR operating partnership units | — | — |
| ESRT partners' capital | 1,030.7a | 985.52a |
| Limited partners' interests | 711.9a | 694.51a |
| Series ES operating partnership units | 7.13a | 4.43a |
| Series 60 operating partnership units | 1.44a | 0.78a |
| Series 250 operating partnership units | 0.86a | 0.46a |
| Total Empire State Realty OP, L.P.'s capital | 1,781.96a | 1,715.64a |
| Non-controlling interest in other partnerships | 0a | 15.41a |
| Total capital | 1,781.96a | 1,731.05a |
| Total liabilities and capital | 4,510.29a | 4,219.33a |
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