Poor weather doesn't dent observatory revenue at Empire State Building

• Q1 core FFO of $52.7M or $0.20 per share vs. $41.7M and $0.17 one year ago. Dividend is $0.085.
• Same-store portfolio 88.1% occupied as of quarter-end, up 90 bps from a year ago. Same-store office portfolio 87.9% occupied, up 110 bps. Same-store Manhattan office portfolio 86.6% occupied up 60 bps. Same-store retail portfolio 90.9% occupied, down 130 bps.
• Empire State building: Renovation and leasing continues, with the 2.8M rentable square foot property now 84.2% occupied. Ten leases executed during quarter totaling 162K square feet. Observatory revenue of $18.2M up 5.2% Y/Y.
• Conference call tomorrow at 8:30 ET
• Previously: Empire State Realty Trust beats by $0.01, misses on rental income (April 28)
• ESRT flat after hours