XML 80 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2013
Oct. 06, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:        
Rental revenue $ 79,987      
Tenant expense reimbursement 15,836      
Observatory revenue 23,735      
Construction revenue 5,265      
Third-party management and other fees 550      
Other revenue and fees 2,210      
Total revenues 127,583   260,294 294,788
Operating expenses:        
Property operating expenses 34,453      
Marketing, general, and administrative expenses 15,254      
Observatory expenses 5,687      
Construction expenses 5,468      
Real estate taxes 17,191      
Formation transaction expenses 0      
Depreciation and amortization 27,375      
Total operating expenses 105,428      
Operating income 22,155      
Other income (expense):        
Equity in net income of non-controlled entities 0 14,875 14,348 3,893
Interest expense (13,147)      
Settlement expense 0      
Acquisition expenses (138,140)      
Gain on consolidation of non-controlled entities 322,563      
Net income (loss) 193,431   48,643 57,397
Net loss (income) attributable to the predecessor 0      
Net income attributable to non-controlling interests (118,186)      
Net income attributable to Empire State Realty Trust, Inc. 75,245      
Total weighted average shares:        
Basic (in shares) 95,574      
Diluted (in shares) 95,611      
Net income per share attributable to Empire State Realty Trust, Inc.:        
Basic earnings per share (in dollars per share) $ 0.79      
Diluted earnings per share (in dollars per share) $ 0.79      
Predecessor [Member]
       
Revenues:        
Rental revenue   148,690 196,187 198,494
Tenant expense reimbursement   21,272 29,483 31,063
Observatory revenue   0 0 0
Construction revenue   18,636 18,902 47,560
Third-party management and other fees   5,067 5,103 5,626
Other revenue and fees   12,407 10,619 12,045
Total revenues   206,072 260,294 294,788
Operating expenses:        
Property operating expenses   41,297 55,707 57,102
Marketing, general, and administrative expenses   23,600 20,963 15,688
Observatory expenses   0 0 0
Construction expenses   19,821 19,592 46,230
Real estate taxes   24,331 30,406 29,160
Formation transaction expenses   4,507 2,247 2,845
Depreciation and amortization   38,963 42,690 35,513
Total operating expenses   152,519 171,605 186,538
Operating income   53,553 88,689 108,250
Other income (expense):        
Equity in net income of non-controlled entities   14,875 14,348 3,893
Interest expense   (50,660) (54,394) (54,746)
Settlement expense   (55,000) 0 0
Acquisition expenses   0 0 0
Gain on consolidation of non-controlled entities   0 0 0
Net income (loss)   (37,232) 48,643 57,397
Net loss (income) attributable to the predecessor   37,232 (48,643) (57,397)
Net income attributable to non-controlling interests   0 0 0
Net income attributable to Empire State Realty Trust, Inc.   $ 0 $ 0 $ 0