Empire State Realty OP, L.P., the operating partnership of Empire State Realty Trust, reported Q2 2026 revenues of $196.9 million, compared with $191.3 million a year earlier, but a net loss attributable to common unitholders of $40.6 million, or $(0.15) per unit, driven mainly by a non‑cash $166.1 million goodwill impairment in its Observatory reporting unit and $5.5 million of one‑time severance costs.
The partnership also recorded a $124.6 million gain on the $275.0 million sale of 250 West 57th Street, while cash from operations for the first half of 2026 was $88.5 million. It acquired land under 111 West 33rd Street and 1400 Broadway for $110.0 million and a Williamsburg retail asset for $46.0 million, and ended June 30 with $2.24 billion of debt principal outstanding and full compliance with debt covenants.
Empire State Realty OP, L.P. reported net income of $2.995 million for the quarter ended March 31, 2026, down from $15.778 million a year earlier, as prior-year results included a gain on disposition of property and higher interest income.
Total revenues rose to $190.325 million from $180.066 million, driven by a $11.563 million increase in rental revenue and $1.356 million of lease termination fees, partly offset by a $4.651 million decline in Observatory revenue. Net operating income increased to $97.492 million, while basic earnings per unit fell to $0.01 from $0.06. The company generated $68.910 million of cash from operating activities, invested $46.479 million in a new Williamsburg retail acquisition, and ended the quarter with $4.4057 billion in total assets and $2.3366 billion of principal debt outstanding.