Thursday 29 October 2020

Empire State Realty Trust reports second consecutive quarterly loss

The Empire State Building’s observation deck reopened to the public three months ago, but that hasn’t been enough to help its owner stem its losses this year. Empire State Realty Trust reported a net loss of $12.3 million, down from $26.8 million in net income a year ago, the real estate investment trust reported during its quarterly earnings call Thursday. Its total revenue during the third quarter was $146.6 million, down by 24 percent year-over-year.



source https://therealdeal.com/2020/10/29/empire-state-realty-trust-reports-second-consecutive-quarterly-loss/

No comments:

Post a Comment