Earnings release
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EMPIRE STATE REALTY TRUST EMPIRE STATE REALTY TRUST ANNOUNCES SECOND QUARTER 2021 RESULTS - Earnings of $ 0.01 Per Fully Diluted Share - - Core FFO of $ 0.18 Per Fully Diluted Share - - Observatory Recovery and Continued Discipline Power Results - - $ 1.4 Billion of Liquidity , No Outstanding Debt Maturity Through 2024 - New York , New York , July 28 , 2021 - Empire State Realty Trust , Inc. ( NYSE : ESRT ) ( the " Company " ) , a real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area , today reported its operational and financial results for the second quarter of 2021 . Second Quarter and Recent Highlights • Earnings was $ 0.01 per fully diluted share . Core Funds From Operations ( " Core FFO " ) was $ 0.18 per fully diluted share . Same - Store Property Cash Net Operating Income ( " NOI ” ) excluding lease termination fees was down 6.0 % from the second quarter of 2020 primarily driven by a reduction in revenues due to write - offs taken over the period . Empire State Building Observatory revenue for the second quarter 2021 increased to $ 8.4 million , from $ 2.6 million in the first quarter 2021 as visitation continued to ramp up . Observatory net operating income was $ 3.1 million for the second quarter 2021 . Realized lease termination fees were $ 3.3 million , or approximately $ 0.01 per fully diluted share . In keeping with historical practice , the Company includes lease termination fees when calculating FFO and Core FFO . Signed 35 new , renewal , and expansion leases , representing a total of 190,838 rentable square feet . Collected 95 % of second quarter 2021 total billings with 95 % for office tenants and 91 % for retail tenants . Reinstated quarterly dividend at $ 0.035 per share for the second quarter of 2021 , which is one quarter earlier than previously announced , driven by confidence in the New York City recovery and improvement in the Company's results and liquidity .