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 leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced the 2020 tax treatment of the Company's Class A common stock distributions, as described below. The following table summarizes, for income tax purposes, the nature of the cash distributions paid by the Company to its stockholders during the year ended December 31,

Empire State Realty Trust Announces 2020 Tax Treatment of Its Distributions

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today it has signed two new leases at One Grand Central Place. Belkin Burden Goldman, LLP, a real estate-focused law firm, signed a new lease for 30,598 square feet at One Grand Central Place....

Empire State Realty Trust Signs New Leases for a Total of 49,999 Square Feet at One Grand Central Place

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 fourth quarter 2020 financial results on Wednesday, February 17, 2021 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, February 18, 2021 at 1:00 p.m. Eastern Time. During the conference call

Empire State Realty Trust Announces Dates for Fourth Quarter 2020 Earnings Release and Conference Call

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NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Ernest Klein & Co. Gourmet Foods, an international neighborhood supermarket, renewed its lease at 77 West 55th Street for 6,927 square feet. "ESRT is pleased to continue our...

Empire State Realty Trust Renews Ernest Klein & Co. Gourmet Foods at 77 West 55th Street

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Trexquant Investment, a quantitative investment firm, renewed its lease at First Stamford Place for 9,805 square feet. "ESRT is happy to extend our relationship with Trexquant," said...

Empire State Realty Trust Renews Trexquant at First Stamford Place

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NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that ClearView Healthcare Partners, a global strategy firm with consultants who serve the life science sector, signed a new eleven-year lease at 111 West 33rd Street for 39,067 square feet....

Empire State Realty Trust Expands ClearView Healthcare Partners at 111 West 33rd Street

NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that six of its properties have achieved Fitwel certification and that ESRT is a Fitwel Champion. ESRT's Fitwel certified properties represent 6.7 million square feet and approximately 83...

Empire State Realty Trust Achieves Fitwel Certification Across 6.7 Million Square Feet for Six of its New York City Properties

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 approved a new repurchase authorization of up to $500 million of the Company's Class A common stock (“Common Stock”) and Empire State Realty OP, L.P.'s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE A

Empire State Realty Trust Announces a New Repurchase Authorization and Continued Dividend Suspension for First and Second Quarters Of 2021

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NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Grant H. Hill has joined its Board of Directors, effective November 30. Grant H. Hill's appointment to the Company's Board of Directors fills a newly created vacancy on the Board following the Board's decision to increase its size from eight to nine directors. Mr. Hill is an owner and Vice Chairman of the Board of Directors of the Atlanta Hawks Basketball Club. Mr. Hill has invested in a

Empire State Realty Trust Announces Grant H. Hill to Join Board of Directors

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News for Empire State Realty Trust Stock (ESRT)