Empire State Realty Trust posted a GAAP net loss of USD 25.82 million, or $(0.15) per diluted share.
GAAP revenue rose 2.95% year over year to USD 196.9 million, as rental revenue increased to USD 165.17 million.
Core FFO (non-GAAP) edged down to USD 0.21 per diluted share from USD 0.22 a year earlier.
Property performance and leasing
Same-store property cash NOI excluding lease termination fees rose 3.3% year over year, helped by about USD 4 million of non-recurring tax abatements.
Commercial leasing stood at 94.9% leased and 89.4% occupied; the REIT signed 381,799 square feet of leases and sold 250 West 57th Street for USD 275 million.
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