Empire State Realty Trust Q2 net loss of $0.15 per share; 2026 Core FFO outlook cut
Empire State Realty Trust reported a second-quarter 2026 net loss attributable to common stockholders of $25.8 million, or $(0.15) per diluted share, compared with net income of $0.04 per diluted share a year earlier. The loss reflects a $166.1 million goodwill impairment charge tied to the Observatory, partly offset by a $124.6 million gain on the sale of 250 West 57th Street; Core FFO was $0.21 per share versus $0.22 a year earlier. The company lowered its 2026 Core FFO outlook to $0.75 to $0.79 per share from $0.85 to $0.89, citing lower expected Observation Deck NOI.
Key points
- Q2 2026 total revenues of $196.9 million, up from $191.3 million in Q2 2025
- Goodwill impairment charge of $166.1 million related to the Observatory reporting unit
- Observation Deck NOI of $12.4 million in Q2 2026, versus $24.1 million a year earlier
- 2026 Core FFO guidance cut to $0.75 to $0.79 per share from $0.85 to $0.89, based on Observation Deck NOI of $55 million
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.