Empire State Realty OP LP (Empire State Realty OP LP) Long-Term Capital Lease Obligation : $28.4 Mil (As of Dec. 2023)

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What is Empire State Realty OP LP Long-Term Capital Lease Obligation?

Empire State Realty OP LP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.4 Mil.

Empire State Realty OP LP's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($28.6 Mil) to Sep. 2023 ($28.5 Mil) and declined from Sep. 2023 ($28.5 Mil) to Dec. 2023 ($28.4 Mil).

Empire State Realty OP LP's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($28.9 Mil) to Dec. 2022 ($28.7 Mil) and declined from Dec. 2022 ($28.7 Mil) to Dec. 2023 ($28.4 Mil).

Empire State Realty OP LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Empire State Realty OP LP's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Empire State Realty OP LP Long-Term Capital Lease Obligation Chart

Empire State Realty OP LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.31

29.10

28.89

28.67

28.44

Empire State Realty OP LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.61	28.55	28.50	28.44	28.38

Empire State Realty OP LP (ARCA:ESBA) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Empire State Realty OP LP (Empire State Realty OP LP) Business Description

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OGCP:USA FISK:USA

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.esrtreit.com

Empire State Realty OP LP is the operating partner of Empire State Realty Inc. The company along with its partner manages, operates, acquires and repositions properties in Manhattan and the greater New York metropolitan area. The firm operates in two segments, Real Estate and Observatory. Through the Real Estate segment, it offers services related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Under the Observatory segment, it operates the two observatories of the Empire State Building. The company generates maximum revenue from the Real Estate segment.