Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables provides components of segment profit for each segment for the three months ended March 31, 2014 and 2013, as reviewed by management (amounts in thousands):

	Three Months Ended March 31, 2014
	Real Estate				Observatory			Other			Totals
Revenues from external customers	$	108,027			$	17,301		$	14,978		$	140,306
Intersegment revenues	15,268			(1)	—			962			16,230
Total revenues	123,295				17,301			15,940			156,536
All operating expenses	(65,562		)		(20,046		)	(15,115		)	(100,723		)
Interest expense	(14,337		)		—			—			(14,337		)
Depreciation and amortization expense	(30,051		)		(61		)	(3		)	(30,115		)
Segment profit (loss)	$	13,345			$	(2,806	)	$	822		$	11,361
Segment assets	$	2,191,390			$	245,999		$	13,027		$	2,450,416
Expenditures for segment assets	$	17,243			$	—		$	—		$	17,243

___________

(1) The observatory pays a market-based rent payment comprised of fixed and percentage rent to the Empire State Building.

	Three Months Ended March 31, 2013
	Real Estate			Other			Totals
Revenues from external customers	$	56,175		$	6,182		$	62,357
Intersegment revenues	18			2,773			2,791
Total revenues	56,193			8,955			65,148
All operating expenses, excluding noncash items	(21,604		)	(8,759		)	(30,363		)
Interest expense	(14,196		)	—			(14,196		)
Depreciation and amortization expense	(12,149		)	(7		)	(12,156		)
Equity in net income of non-controlled entities	1,819			—			1,819
Segment profit	$	10,063		$	189		$	10,252
Segment assets	$	997,316		$	11,024		$	1,008,340
Investment in non-controlled entities	$	77,567		$	—		$	77,567
Expenditures for segment assets	$	13,043		$	—		$	13,043

The following table provides a reconciliation of segment data to the consolidated financial statements:

	Three Months Ended March 31,
	2014			2013
	Company			Predecessor
Revenue reconciliation
Total revenues for reportable segments	$	156,536		$	65,148
Other revenues	—			63
Elimination for intersegment revenues	(16,230		)	(2,791		)
Total consolidated revenues	$	140,306		$	62,420
Profit or loss
Total profit or loss for reportable segments	$	11,361		$	10,252
Other profit or loss items	—			(6,325		)
Formation transaction expenses	—			(1,695		)
Elimination for capitalized intersegment profit or loss	(130		)	(365		)
Unallocated amounts:
Investment income	—			63
Net income	11,231			$	1,930
Net income attributable to non-controlling interests	(6,862		)
Net income attributable to Empire State Realty Trust, Inc.	$	4,369