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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Weyerhaeuser

REITs don't usually buy back shares, but these three are.

These 3 Dividend Stocks Are Buying Back Shares Hand Over Fist

STAMFORD, Conn. , Aug. 3, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Franklin Templeton , a global investment management organization, renewed its lease for 79,059 square feet at 100 First Stamford Place, which represents about 10% of building square footage.

Franklin Templeton, Inc. Renews with Empire State Realty Trust for 79k Square Feet at 100 First Stamford Place

NEW YORK , Aug. 2, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc.  (NYSE: ESRT) announced today that CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, expanded to lease the entire 51st floor of One Grand Central Place for a total of 12,422 square feet. CLA is tripling in size at the building after moving in less than two years ago.

CLA Nearly Triples Office Space with ESRT at One Grand Central Place

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Allied Universal® expanded and relocated from a 12,000 square foot space at ESRT's One Grand Central Place to a 30,000 square foot space at 501 Seventh Avenue. Located adjacent to Penn District's new developments with convenient access to Penn Station, tenants of 501 Seventh Avenue enjoy ESRT's leading healthy building technologies and indoor environmental quality.

Allied Universal® Expands By 22,000 Square Feet with Empire State Realty Trust at 501 Seventh Avenue

Empire State Realty Trust, Inc. (NYSE:ESRT ) Q2 2022 Earnings Conference Call July 28, 2022 12:00 PM ET Company Participants Tony Malkin – Chairman, President and Chief Executive Officer Christina Chiu – Executive Vice President and Chief Financial Officer Tom Keltner – Executive Vice President and General Counsel Tom Durels – Executive Vice President, Real Estate Conference Call Participants Steve Sakwa – Evercore ISI Michael Griffin – Citi John Kim – BMO Jamie Feldman – Bank of America Blaine Heck – Wells Fargo Michael Bilerman – Citi Operator Greetings and welcome to the Empire State Realty Trust Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Empire State Realty Trust, Inc's (ESRT) CEO Tony Malkin on Q2 2022 Results - Earnings Call Transcript

NEW YORK, July 28, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Burlington Stores, Inc. signed a full-floor expansion lease for an additional 34,591 square feet of office space formerly under lease to Uber. With this expansion, Burlington will occupy 102,898 square feet across three full floors at 1400 Broadway.

Burlington Stores, Inc. Expands by 34,591 Square Feet to Occupy a Total of 102,898 Square Feet at 1400 Broadway

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company") is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World's Most Famous Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined and iconic Empire State Building Observatory. Today the Company repor

Empire State Realty Trust Announces Second Quarter 2022 Results

NEW YORK , July 19, 2022 /PRNewswire/ -- Empire State Building (ESB) today announced plans for a modern, tenant-only amenity space to be completed within the next year to include a town hall meeting space for 400 people, basketball court, lounge, food and bar service, and "ESRTees," a reservable lounge with two golf simulators. ESB's new amenities will be constructed in a unique concourse level space with vaulted ceilings.

Empire State Building Announces New Tenant Amenities and Leasing Agent

Since its first 17,573 square foot space signed in 2017, iCapital has grown by 123,651 square feet  NEW YORK , July 18, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc.  (NYSE: ESRT) announced today that iCapital will increase its office space with ESRT for an additional two full floors which total 59,228 square feet in its fourth expansion at One Grand Central Place, for a total of 141,224 square feet across six full floors in a long term lease. iCapital is a leading global fintech company that drives access and efficiency in alternative investing for the asset and wealth management industries.

iCapital's Fourth Expansion with ESRT Adds 60k Square Feet to Space at One Grand Central Place

Latch

There are two stocks in this Fool's portfolio that have big unanswered questions.

2 Companies I'm Watching Very Closely This Earnings Season

Registration for the Landmark Race Up the Empire State Building Stairs Opens July 11 at Noon NEW YORK , July 11, 2022 /PRNewswire/ -- The Empire State Building (ESB) today announced that the 2022 Empire State Building Run-Up (ESBRU) – presented by Turkish Airlines and powered by the Challenged Athletes Foundation – will take place Oct. 6, 2022 at 8 p.m. EST. Approximately 150 runners will have the opportunity to race up the 1,576 stairs to the 86th Floor of the "World's Most Famous Building" in the 44th annual Run-Up.

The 2022 Empire State Building Run-Up to Return on Oct. 6, 2022 Presented by Turkish Airlines and Powered by the Challenged Athletes Foundation

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, today announced that it will release its second quarter 2022 financial results on Wednesday, July 27, 2022 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, July 28, 2022 at 12:00 p.m. Eastern Time. During the conference call, the Company's officers wi

Empire State Realty Trust Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

Despite the pandemic easing out, unemployment, high inflation, and looming recession tend to continue having negative impacts on ESRT's properties. Investors of ESRT have to rely upon the rental revenue of its office and retail spaces, including Empire State Building office and observation deck.

Empire State Realty: Adverse Circumstances For Office And Retail Focused REIT

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Empire State Realty Trust (ESRT) Stock Undervalued Right Now?

ESRT is one of a select few to receive the Platinum recognition, the highest distinction and a new award tier implemented in 2022 NEW YORK , June 16, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc.  (NYSE: ESRT) announced that it was selected as a 2022 Platinum Green Lease Leader by the U.S. Department of Energy's (DOE) Better Buildings Alliance and the Institute for Market Transformation (IMT). With this award, ESRT is recognized for its integration of high-performance leasing and sustainability practices into business operations which deliver energy efficiency, cost savings, air quality, and sustainability for our tenants.

Empire State Realty Trust Named as a 2022 Platinum Green Lease Leader by the Department of Energy's Better Buildings Alliance and the Institute for Market Transformation

EastGroup Properties

ESRT vs. EGP: Which Stock Is the Better Value Option?

ESRT vs. EGP: Which Stock Should Value Investors Buy Now?

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, today announced Christina Chiu, EVP, Chief Financial Officer, and Tom Durels, EVP, Real Estate, will participate in a moderated Company presentation at the Nareit REITweek 2022 investor conference on Tuesday, June 7, 2022 from 4:30 p.m. to 5:00 p.m. Eastern Time. The Company presentation will be avai

Empire State Realty Trust To Present At The Nareit REITweek 2022 Investor Conference

Is Empire State Realty Trust (ESRT) a Great Value Stock Right Now?

Getty Realty

ESRT vs. GTY: Which Stock Is the Better Value Option?

ESRT or GTY: Which Is the Better Value Stock Right Now?

Cast visit; Dynamic Light Show; 86th Floor Life-size Demogorgon Photo-Op NEW YORK, May 26, 2022 /PRNewswire/ -- The Empire State Building  (ESB) commenced a two-month engagement to share a special "Stranger Things" themed experience with New Yorkers. ESB brought the Upside Down from Netflix's "Stranger Things" to her entire southern façade with a first-of-its-kind, dynamic light show.

Empire State Building Partners with "Stranger Things" on Dynamic Light Show and Special Experiences for Fans at the Observatory

NEW YORK , May 20, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced a new lease with SESAC MUSIC GROUP, a leading music rights management and content company, for the full 24th floor at 250 West 57th Street that totals 12,611 square feet. "Industry-leading sustainability practices, proximity to transportation, and excellent building amenities make 250 W.

EMPIRE STATE REALTY TRUST SIGNS SESAC MUSIC GROUP AT 250 WEST 57TH STREET

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, today announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2022, 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 and Series 60 opera

Empire State Realty Trust Announces Dividend for Second Quarter 2022

AI-powered technology solution helps Empire State Realty Trust, owners of the landmark New York City skyscraper, reduce its water and carbon footprint and eliminate potential water damage NEW YORK , May 10, 2022 /PRNewswire/ -- WINT Water Intelligence, a leader in cutting-edge water management and leak-prevention solutions for construction, commercial and industrial applications, has partnered with the Empire State Realty Trust (NYSE: ESRT) to optimize water consumption, reduce environmental footprint, and mitigate risk for potential leak damage at the iconic Empire State Building. ESRT, owner of the Empire State Building as part of its larger commercial and retail real estate portfolio, is a leader in sustainability, healthy buildings, and indoor environmental quality.

Empire State Building Improves Sustainability and Eliminates Potential Water Damage With WINT

NEW YORK , May 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today three new leases with Calzedonia, BMR Energy, and Converge Technology Solutions at 1359 Broadway. The three deals totaled nearly 20,000 square feet at the Manhattan office building.

EMPIRE STATE REALTY TRUST SIGNS THREE NEW DEALS THAT TOTAL NEARLY 20K SQUARE FEET AT 1359 BROADWAY

Shares aggressive carbon neutrality goals and initiatives, and industry leading "Empire Building Playbook: An Owner's Guide to Low Carbon Retrofits" NEW YORK , April 29, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) today shared its 2021 Sustainability Report – published on Earth Day – that highlights major accomplishments, transparent metrics, and forward-looking goals for energy, sustainability, and DE&I. ESRT's aggressive energy reduction goals, detailed in the report, outline plans for carbon neutrality at the Empire State Building and throughout the portfolio.

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