Revenue: As of FY2025 Q2, the actual value is USD 191.25 M.

EPS: As of FY2025 Q2, the actual value is USD 0.04.

Real Estate Segment

• Rental Revenue: Increased by $1.07 million (0.7%) to $153.54 million for the three months ended June 30, 2025, compared to $152.47 million for the same period in 2024.
• Property Operating Expenses: Increased by $3.36 million (8.1%) to $44.88 million for the three months ended June 30, 2025, compared to $41.52 million for the same period in 2024.
• Interest Income: Decreased by $3.23 million (63.3%) to $1.87 million for the three months ended June 30, 2025, compared to $5.09 million for the same period in 2024.
• Gain on Disposition of Property: No gain on disposition activity for the three months ended June 30, 2025, compared to a gain of $10.8 million for the same period in 2024.

Observatory Segment

• Observatory Revenue: Decreased by $0.23 million (0.7%) to $33.90 million for the three months ended June 30, 2025, compared to $34.12 million for the same period in 2024.
• Observatory Expenses: Increased by $0.86 million (9.6%) to $9.82 million for the three months ended June 30, 2025, compared to $8.96 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: Increased by $1.8 million to $109.9 million for the six months ended June 30, 2025.
• Net Cash Used in Investing Activities: Increased by $27.9 million to $155.6 million for the six months ended June 30, 2025.
• Net Cash Used in Financing Activities: Increased by $436.1 million to $246.9 million for the six months ended June 30, 2025.

Outlook

• Real Estate Market: The company anticipates challenges due to uncertainty around inflation, interest rates, and geopolitical unrest, which could impact the office real estate market and the number of visitors to the Empire State Building Observatory.
• Strategic Positioning: Despite these challenges, the company believes it is well-positioned with a diversified portfolio across office, retail, multifamily, and the Empire State Building Observatory, supported by a strong balance sheet and good access to liquidity.