![Empire State Realty Trust, Inc. [ESRT] reports annual net loss of $84.4 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FESRT.png&w=3840&q=75)
Empire State Realty Trust, Inc. [ESRT] reports annual net loss of $84.4 million
Company Reports Revenue of $739.6 million
Empire State Realty Trust, Inc. [ESRT] has reported a net loss of $84.4 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $739.6 million
Based in NEW YORK, New York, Empire State Realty Trust, Inc. operates in the FINANCE sector.
In the annual report ending December 31, 2023, the revenues for the period totaled $739.572 million, an increase from the previous year's $727.041 million. This increase was primarily driven by higher rental revenue, observatory revenue, and other revenue and fees.
The cost of goods sold or operating expenses for the same period amounted to $592.866 million, slightly lower than the prior year's $600.013 million. This decrease was mainly due to reduced property operating expenses and observatory expenses, partially offset by higher depreciation and amortization costs.
