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”) today announced that it has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 square foot Manhattan office and retail property. The new interest-only loan bears a fixed rate of 2.83% and matures in December 2030. “We are pleased to close on this financing transaction,” said Christina Chiu, Empire State Realty Trust's EVP and Chief Financial Officer. “The strong execution reinforces t

Empire State Realty Trust Completes $180 Million Mortgage Financing

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NEW YORK, Nov. 11, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) and iHeartMedia today announced that the annual Empire State Building (ESB) holiday music-to-light show will feature Carrie Underwood's new song "Hallelujah" with John Legend, from her first-ever...

Empire State Building And iHeart Radio Unwrap Carrie Underwood's Christmas Album 'My Gift' For Annual Holiday Light Show

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NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Swedbank, a Stockholm-based banking group, signed a 7,905 sq ft. lease on the 45th floor at the Empire State Building. "We are delighted to welcome Swedbank to the Empire State...

Empire State Realty Trust Welcomes Swedbank to the Empire State Building

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ESRT: Bottom Fishing Is Just Beginning

Empire State Realty Trust, Inc. (ESRT) CEO Anthony Malkin on Q3 2020 Results - Earnings Call Transcript

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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 2020. “ESRT continues to adjust on a daily basis to smooth tenant reentry, collect rents, manage Observatory visits, assist survival of our local retail tenants, and ensure ESRT employee safety. Our tenant prese

Empire State Realty Trust Announces Third Quarter 2020 Results

NEW YORK, Oct. 21, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) ("the Company") announced today that the Company signed a direct lease with Centric Brands for 212,154 square feet at the Empire State Building (ESB). The space was previously leased to Global Brands...

Empire State Realty Trust Leases 212,154 Square Feet to Centric Brands at the Empire State Building

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that it will release its third quarter 2020 financial results on Wednesday, October 28, 2020 after close of markets on the New York Stock Exchange. The related earnings conference call will be held on Thursday, October 29, 2020, at 12:00 PM Eastern Time. During the conference call, the Company’s officers will review third quarter performance, discuss recent events and conduct a question-and-a

Empire State Realty Trust Announces Date for Third Quarter 2020 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #WeAreWELL--The International WELL Building Institute (IWBI) today announced that Empire State Realty Trust, Inc. (NYSE: ESRT), the greater New York metro area office and retail real estate leader, is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating for Facility Operations and Management. ESRT’s portfolio is comprised of 14 office properties and six stand-alone retail properties totaling approximately 10.1 million rentable square fee

Empire State Realty Trust Achieves WELL Health-Safety Rating

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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 the Company will participate in one-on-one meetings with investors as part of the BofA Securities 2020 Global Real Estate Virtual Conference.

Empire State Realty Trust to Participate at BofA Securities 2020 Global Real Estate Virtual Conference

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Empire State Realty Has More Than 100% Return Potential

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company” or “ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced its decision to suspend its third and fourth quarter dividends 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.

Empire State Realty Trust, Inc. Announces Dividend Suspension for Third and Fourth Quarters of 2020 and Provides Business Update

Empire State Realty Trust (ESRT) delivered FFO and revenue surprises of 16.67% and -4.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Empire State Realty Trust (ESRT) Q2 FFO Top Estimates

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 2020.

Empire State Realty Trust Announces Second Quarter 2020 Results

Empire State Realty Trust: Defensive Play In NYC Office Space

News for Empire State Realty Trust Stock (ESRT)