Please ensure Javascript is enabled for purposes of website accessibility

How the Empire State Building Makes Money (In One Chart)

By John Maxfield - Sep 11, 2015 at 12:21PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

You may be surprised to hear where the Empire State building generates the largest share of its revenue from.

The Empire State Building is one of the most iconic real estate landmarks in the world. But even though millions of people visit it every year, we've only recently been given the opportunity to see its financial performance as its owner, the Empire State Realty Trust (ESRT -0.57%), became a publicly traded company in 2013.

Because Empire State Realty Trust is obligated to file quarterly and annual financial reports with the Securities and Exchange Commission, investors and other interested people can now discover not only how much money the Empire State Building earns, but also exactly how the skyscraper makes its money.

You'd be excused for thinking that the answer to the latter question is obvious; it is, after all, one of the largest office buildings in the world. But while Empire State Realty Trust does indeed generate a considerable amount of revenue from office leases, this is actually the second largest source of revenue from its marquee real estate asset. To learn how the Empire State Building earns even more money, I encourage you to scroll through the brief slideshow below.

 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Empire State Realty Trust, Inc. Stock Quote
Empire State Realty Trust, Inc.
ESRT
$7.03 (-0.57%) $0.04

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
317%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/30/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.