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.

Earnings data Q1 2021

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Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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, 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

Empire State Realty Trust to Participate at BofA Securities 2021 Global Real Estate Virtual Conference

NEW YORK, Sept. 7, 2021 /PRNewswire/ --  The Empire State Building announced a partnership with famed New York City designer LaQuan Smith to create the city's most iconic catwalk for New York Fashion Week.

The Empire State Building Partners With New York Designer LaQuan Smith To Host Its First-Ever Fashion Show This Thursday, Sept. 9

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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 third 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 250

Empire State Realty Trust Announces Dividend for Third Quarter 2021

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Empire State Realty Trust, Inc. (ESRT) CEO Anthony Malkin on Q2 2021 Results - Earnings Call Transcript

NEW YORK, July 29, 2021 /PRNewswire/ -- The Empire State Building's (ESB) 90th birthday celebrations are about to get even sweeter with the launch of the Empire State Building Observatory pop-up program. The first vendor will be My Cookie Dealer, the acclaimed Long Island-based cookie purveyor that will offer a half-pound, ESB-themed chocolate chip cookie "big enough for its own zip code.

Empire State Building Launches Pop-Up Program With New York-Based Businesses To Offer Guests ESB-Exclusive Drinks And Snacks

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 second quarter of 2021. Second Quarter and Recent Highlights Earnings was $0.01 per fully diluted share. Core Funds From Operations (“Core FFO”) was $0.18 per fully diluted share. Same-Store Property Cash Net Operating Income (

Empire State Realty Trust Announces Second Quarter 2021 Results

Is Empire State Realty Trust (ESRT) a great pick from the value investor's perspective right now? Read on to know more.

Is Empire State Realty Trust (ESRT) a Good Pick for Value Investors?

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NEW YORK, July 6, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Rizzo Group, a leading building code consulting firm, and CodeGreen Solutions, Inc., a decarbonization and sustainability solutions provider have signed a new, 11-year office lease with ESRT for an 11,835 square foot space at 1350 Broadway. The companies will relocate to this larger space from their prior space at 1333 Broadway.

Empire State Realty Trust Signs Rizzo Group and CodeGreen Solutions to 1350 Broadway

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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 second quarter 2021 financial results on Wednesday, July 28, 2021 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, July 29, 2021 at 1:00 p.m. Eastern Time. During the conference call, the Co

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

NEW YORK, June 24, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that the 10th annual Empire State Building Photo Contest will return on June 24, 2021. Photographers of all skill levels are invited to share their best images of and from the famous building for a chance to win the grand prize of $5,000 and a gift card for photo equipment with a retail value of $500.

Empire State Building Announces 10th Annual Photo Contest, with Grand Prize of $5k and $500 Gift Card

NEW YORK, June 16, 2021 /PRNewswire/ --  The Empire State Building  (ESB), the World's Most Famous Building, announced today that it has lifted COVID-19 protocols for guests of its Observatory Experience, in alignment with new state and city guidelines. Masks are optional for visitors, and the many interactive exhibits and elements – including the iconic 86th Floor Observatory viewfinders – have fully reopened.

Empire State Building Fully Reopens Observatory Experience With Interactive Exhibits, No Mask Requirements

I originally bought Empire State Realty stock as an investment in an iconic one-of-a-kind tourist asset. With the pandemic, the stock dropped sharply and I added to my position as the chatter around the decline of New York seemed overblown.

Why I Sold Empire State Realty Trust

NEW YORK, June 10, 2021 /PRNewswire/ --  Empire State Realty Trust  (ESRT) has partnered with New York State to become the first commercial portfolio to now accept Excelsior Pass as an alternative to current entry screening procedures, and to provide mask-optional entry for those fully vaccinated to the recently reimagined Empire State Building Observatory Experience . The partnership kicks off this weekend when 100 people will have the opportunity to get vaccinated at the Empire State Building and also receive complimentary admission to the Observatory (while supplies last).

Empire State Realty Trust to Offer Streamlined Entry to Fully Vaccinated Office Tenants and Visitors - and Mask-Optional Experiences and Discounts for Empire State Building Observatory Visitors - Through Excelsior Pass

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 Tony Malkin, Chairman, President and CEO; Christina Chiu, EVP and CFO; and Tom Durels, EVP of Real Estate will present at Nareit's REITweek 2021 virtual investor conference on Tuesday, June 8, 2021 from 8:45 a.m. to 9:15 a.m. Eastern Time. To access the Compan

Empire State Realty Trust to Present at Nareit's REITweek 2021 Virtual Investor Conference

NEW YORK, May 17, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that the 2021 Empire State Building Run-Up (ESBRU) – presented by Turkish Airlines and powered by the Challenged Athletes Foundation – will take place Oct. 26, 2021, at 8 p.m. EST, with lottery registration slated to open June 1, 2021, at 12 p.m.

2021 Empire State Building Run-Up - Presented by Turkish Airlines and Powered by the Challenged Athletes Foundation - Set to Return Oct. 26, 2021

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 reinstated and declared a dividend of $0.035 per share for the second quarter of 2021, which equates to an annualized rate of $0.14 per share. This amount is payable to holders of the Company's Class A common stock and Class B commo

Empire State Realty Trust Announces Reinstatement of Quarterly Dividend

NEW YORK, April 29, 2021 /PRNewswire/ -- The World's Most Famous Building, the Empire State Building (ESB) will celebrate its 90th anniversary May 1, 2021. "The Empire State Building, the international icon and symbol of dreams, was a record breaker and trendsetter 90 years ago," said Anthony E.

The Empire State Building to Celebrate 90 Years

Empire State Realty Trust, Inc.'s (ESRT) CEO Tony Malkin on Q1 2021 Results - Earnings Call Transcript

News for Empire State Realty Trust Stock (ESRT)