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EMPIRE STATE REALTY TRUST EMPIRE STATE REALTY TRUST ANNOUNCES THIRD QUARTER 2021 RESULTS - Earnings of ( $ 0.04 ) Per Fully Diluted Share - - Core FFO of $ 0.20 Per Fully Diluted Share - - Observatory Recovery and Continued Expense Discipline - - $ 1.4 Billion of Liquidity , No Outstanding Debt Maturity Through 2024 - New York , New York , October 27 , 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 third quarter of 2021 . Third Quarter and Recent Highlights • Earnings was ( $ 0.04 ) per fully diluted share . • • Core Funds From Operations ( " Core FFO " ) was $ 0.20 per fully diluted share . Excluding lease termination fees , Core FFO would be $ 0.16 per fully diluted share . Same - Store Property Cash Net Operating Income ( " NOI " ) excluding lease termination fees was down 5.7 % from the third quarter of 2020 primarily driven by a reduction in revenues due to write- offs taken over the period and 3Q 2021 revenue from Global Brands Group treated partially as rental revenue and partially as lease termination income . Empire State Building Observatory revenue for the third quarter 2021 increased to $ 12.8 million , from $ 8.4 million in the second quarter 2021 as visitation continued to ramp up . Observatory NOI was $ 6.4 million for the third quarter 2021 , which is the second consecutive quarter of positive NOI since the onset of the COVID - 19 pandemic and more than double the second quarter 2021 earnings contribution . Realized lease termination fees were $ 11.3 million , or approximately $ 0.04 per fully diluted share . In keeping with historical practice , the Company includes lease termination fees when calculating FFO and Core FFO . Signed 34 new , renewal , and expansion leases , representing a total of 268,055 rentable square feet . This includes 21 leases totaling 212,301 rentable square feet in the Manhattan office portfolio . Collected 95 % of third quarter 2021 total billings , stable and in - line with recent quarters .