Empire State Realty Trust Inc Class A

ESRT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Empire State Earnings: Occupancy Remains Strong, but Macro Weakness Can Hurt Leasing Volumes

Suryansh Sharma

Apr 30, 2025

Empire State's first-quarter core FFO came in at $0.19 per share, down from $0.21 per share in the first quarter of 2024. The stock has sold off considerably in recent months in anticipation of macroeconomic weakness, which will dent employment creation and affect office leasing volumes.

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Empire State Realty Trust Inc Class A

Empire State Earnings: Occupancy Remains Strong, but Macro Weakness Can Hurt Leasing Volumes

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