Empire State Realty Trust

Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets. The Observatory segment manages observatories at the Empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.

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Empire State Realty Trust reports robust performance and growth opportunities

ESRT's Q4 2022 performance showcased strong leasing results, sustainability achievements, and a focus on energy-efficient buildings.
The company's strengths lie in its quality customer experience, solid balance sheet, and strategic capital recycling activities.
Challenges include managing operating expenses, revenue fluctuations, and potential market trend shifts.
ESRT has opportunities for growth in multi-family properties, New York City real estate, and optimizing its operational strategies.

Empire State Realty Trust (ESRT) reports strong Q1 performance

Empire State Realty Trust (ESRT) delivered a solid performance in Q1 2023, with strong leasing activity and Observatory results driving overall performance. The company's balance sheet strength and focus on modernization position it well for future growth.
ESRT faces challenges from potential distress transactions in the office sector and market forces affecting financing availability. However, the company's low debt levels and strategic approach provide resilience in navigating challenges.
Opportunities lie in ESRT's focus on New York City properties, attracting diverse tenants, and potential distress transactions for strategic acquisitions. The company's positive guidance and preparedness to capitalize on opportunities showcase a proactive stance towards growth.

ESRT excels in Q2, poised for growth amidst NYC resilience

ESRT delivered a strong quarter with robust financial performance and operational achievements.
The company's strategic focus on modernization and tenant diversification positions it well for future growth.
Challenges in decision-making speed and market dynamics require ongoing attention, while opportunities in leasing and visibility offer avenues for expansion.

Empire State Realty Trust excels in Q3, eyes NYC property growth

Empire State Realty Trust's Q3 performance showcases operational excellence, financial strength, and strategic growth initiatives. Despite challenges in capital markets, the company remains well-positioned to capitalize on opportunities in NYC real estate.

Empire State Realty Trust excels in Q4 2023 earnings call

ESRT's Q4 2023 performance reflects operational strength, robust financial metrics, and promising growth prospects, underpinned by strategic leasing initiatives and market positioning.
Despite potential challenges in lease management and capital decisions, ESRT's strong portfolio value, tenant relationships, and financial outlook offer a solid foundation for future success.
By leveraging opportunities in leasing, sustainability efforts, and strategic planning, ESRT can navigate challenges, drive growth, and enhance shareholder value in the real estate market.

Empire State Realty Trust reports robust Q1 results and growth outlook

ESRT's Q1 performance reflects strong leasing momentum and balance sheet enhancements. Challenges in specific properties are being addressed with confidence in overall leasing activity. The company's focus on growth and operational efficiency sets the stage for shareholder value creation in 2024.

Empire State Realty Trust (ESRT) reports solid Q2 performance

ESRT's Q2 2024 earnings call highlighted a robust performance, emphasizing leasing strength and operational growth. While facing challenges such as lower visitor counts and strategic decision-making, the company remains well-positioned to leverage opportunities in the market.

Empire State Realty Trust (ESRT) reports strong Q3 performance and outlines growth strategies

Empire State Realty Trust (ESRT) delivered a strong performance in Q3 2024, showcasing leasing success, retail acquisitions, and positive portfolio absorption. While facing challenges related to tenant renewals and market uncertainties, ESRT remains well-positioned to capitalize on growth opportunities and create shareholder value through strategic asset management.

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NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area, today announced that it will release its fourth quarter 2021 financial results on Wednesday, February 16, 2022 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, February 17, 2022 at 12:

Empire State Realty Trust Announces Dates for Fourth Quarter 2021 Earnings Release and Conference Call

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NEW YORK, Jan. 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that United Rentals Inc., the world's largest equipment rental company, has signed a new direct lease with ESRT for its full-floor, 51,194 square foot space, which it previously subleased, at 100 First Stamford Place.  Located in one of Connecticut's premier business districts, the award-winning office campus at First Stamford Place consists of 776,397 rentable square feet within three buildings.

UNITED RENTALS INC. SIGNS FULL-FLOOR LEASE WITH EMPIRE STATE REALTY TRUST AT FIRST STAMFORD PLACE

NEW YORK, Jan. 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Signature Bank, a New York-based full-service commercial bank, has more than doubled its current office space at 1400 Broadway. The company will expand by 168,310 square feet from its previous 111,872 square foot office space for a total of 280,182 square feet across 10 full floors.

SIGNATURE BANK MORE THAN DOUBLES CURRENT OFFICE SPACE WITH EMPIRE STATE REALTY TRUST AT 1400 BROADWAY

NEW YORK, Jan. 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that Clarins USA, Inc., a plant-based, French prestige skincare company, has signed a new lease with ESRT for a full-floor, 15,109 square foot space at 1400 Broadway. Located along the improved Broadway Pedestrian Plaza, 1400 Broadway provides easy access to transportation, dining, lodging, and entertainment for tenant enjoyment.

CLARINS USA, INC. SIGNS NEW FULL-FLOOR LEASE WITH EMPIRE STATE REALTY TRUST AT 1400 BROADWAY

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Empire State: A Quality Play On New York

As the Building marks 90 years in 2021, an updated curriculum for student group visits to the brand-new Observatory Experience offers new academic rigor in engineering, history, tech, and sustainability NEW YORK, Dec. 14, 2021 /PRNewswire/ -- The Empire State Building (ESB), in partnership with Bank Street College of Education, today announced its updated, interactive lesson plans for student group visits to its brand new $165 million Observatory upgrade.  The curriculum follows New York State Learning Standards for STEAM (science, technology, engineering, arts, and mathematics) and social studies curricula and has grade level appropriate lesson plans for elementary, middle, and high school students.

EMPIRE STATE BUILDING LAUNCHES COMPLIMENTARY STEAM AND SOCIAL STUDIES CURRICULUM FOR STUDENTS, IN PARTNERSHIP WITH BANK STREET COLLEGE OF EDUCATION

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2021, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s (“ESRO”) Series ES, Series 25

Empire State Realty Trust Announces Dividend for Fourth Quarter 2021 and a New Repurchase Authorization

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NEW YORK, Nov. 18, 2021 /PRNewswire/ -- Holiday cheer is in full swing at the Empire State Building (ESB) as the iconic landmark unveils local pop-up vendors, over-the-top decorations, and plans for musical performances through the end of the year. As of today, the building's Fifth Avenue Lobby windows are adorned with holiday scenes which feature gold, glitter, and candy landscapes to honor the most wonderful time of the year.

A Winter Wonderland In The Heart Of NYC: Empire State Building Unveils Holiday Decorations, Window Displays, And Special Events

Empire State Realty Trust, Inc. (ESRT) CEO Tony Malkin on Q3 2021 Results - Earnings Call Transcript

NEW YORK, Oct. 28, 2021 /PRNewswire/ --  Empire State Realty Trust  (NYSE: ESRT) announced today that Davidson, Dawson, & Clark, LLP, a leading Trusts and Estates firm in New York City, has renewed their lease at One Grand Central Place. The lease for the 12,715-square-foot unit has been extended for 11 years.

Davidson, Dawson, & Clark Renews Lease With Empire State Realty Trust With 11-Year Extension At One Grand Central Place

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company"), a real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today reported its operational and financial results for the third quarter of 2021. Third Quarter and Recent Highlights Earnings was ($0.04) per fully diluted share. Core Funds From Operations (“Core FFO”) was $0.20 per fully diluted share. Excluding lease termination fees, Core FFO woul

Empire State Realty Trust Announces Third Quarter 2021 Results

NEW YORK, Oct. 27, 2021 /PRNewswire/ --  Empire State Realty Trust  (NYSE: ESRT) announced today that Argo Group, an international specialty insurance provider, has signed a new lease with ESRT for a full-floor, 30,002 square foot office space at 501 Seventh Avenue. At the corner of 37th Street and Seventh Avenue, 501 Seventh Avenue provides tenants with convenient access to Penn Station, Grand Central Terminal, subway lines, and nearby shopping, dining, and lodging.

Empire State Realty Trust Signs Argo Group At 501 Seventh Avenue

NEW YORK, Oct. 27, 2021 /PRNewswire/ --  Empire State Realty Trust  (NYSE: ESRT) announced today that Playfly Sports, LLC., a leading sports marketing, media, and technology company, has signed a new lease with ESRT for a 29,566 square foot, full-floor space at 1333 Broadway.

Playfly Sports, LLC. Signs A New 29,566 Square Foot, Full-Floor Lease With Empire State Realty Trust At 1333 Broadway

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Celebrities, Elite Tower Runners and Challenged Athletes to Participate in Iconic Race NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Today, the Empire State Building  announced the elite tower runners, challenged athletes and celebrities from around the world who will join lucky lottery winners to climb their way the 1,576 steps to the top of the The World's Most Famous Building on Tuesday, Oct. 26, 2021 for the Empire State Building Run-Up (ESBRU) Presented by Turkish Airlines and Powered by the Challenged Athletes Foundation.  The men's elite heat for the 43rd annual running event will feature tower running legends like Wai Ching Soh (Malaysia), who came in second in 2019; Sproule Love (St. Louis, MO) who finished third in 2018 and sixth in 2019; and David Roeske (Loveland, CO), the fourth person ever to successfully climb Mount Everest.

Annual Empire State Building Run-Up Presented by Turkish Airlines Powered by the Challenged Athletes Foundation Returns on Oct. 26

NEW YORK, Oct. 19, 2021 /PRNewswire/ --  Empire State Realty Trust (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the second consecutive year with a score of 94, a six-point increase from ESRT's first year of participation in 2020. ESRT additionally received a score of 96 – the highest in the U.S. diversified group – and an "A" rating in the Public Disclosure Assessment, which measures ESG disclosure activities.

Empire State Realty Trust Achieves GRESB 5 Star Rating For Second Consecutive Year

Guests can now pop the question and toast to their "yes!" at the top of the World's Most Romantic Building NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Today, the Empire State Building  (ESB) launched 'Happily Ever Empire' – an unforgettable proposal package that provides couples with VIP access to the Observatory Experience.

Empire State Building Introduces 'Happily Ever Empire' Engagement Package For Unforgettable Proposals On Its Iconic 86th Floor Observatory

NEW YORK, Oct. 13, 2021 /PRNewswire/ --  Empire State Realty Trust  (NYSE: ESRT) announced today that iCapital Network, Inc., a leading global financial technology platform that improves access and efficiency in alternative investing for the asset and wealth management industries, will more than double its existing office space at One Grand Central Place. The company will expand 35,186 square feet from its previous 29,351 square foot space for a total of 64,537 square feet of office space across three contiguous full floors.

iCapital Network, Inc. More Than Doubles Its Current Office Space With Empire State Realty Trust At One Grand Central Place

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Prost! In its 90th year, the Empire State Building (ESB) has much to toast to as it brings Oktoberfest to its iconic 86th Floor Observatory with Bronx Brewery every Thursday through Saturday, Oct. 14-30 from 5-9 p.m.

Empire State Building Partners With Bronx Brewery As Second Vendor In ESB Pop-Up Program To Offer Drinks And Snacks To Guests

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE:ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that it will release its third quarter 2021 financial results on Wednesday, October 27, 2021 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, October 28, 2021 at 12:00 p.m. Eastern Time. During the conference call,

Empire State Realty Trust Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Le Café Coffee, a specialty crafted coffee shop with traditional pastries and artisanal healthy foods, has signed a new lease with ESRT for an 879 square foot space at 250 West 57th Street.

Empire State Realty Trust Signs Le Cafe Coffee To 250 West 57th Street

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that global fashion retailer American Eagle Outfitters has signed a new lease for a 2,874 square foot retail space at its prime main street location at 69-97 Main Street.

Empire State Realty Trust Signs New Lease With American Eagle Outfitters In Prime Connecticut Retail Location

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that Anthony E. Malkin, Chairman, President and Chief Executive Officer will participate in a roundtable discussion on Tuesday, September 21st , 2021, at 7:30 AM Eastern time as part of the BofA Securities 2021 Global Real Estate Virtual Conference. Additionally t

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