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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Does Empire State Realty Trust (ESRT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Empire State Realty Trust (ESRT) is a Great Choice

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today shared data which demonstrates the importance of its industry-leading indoor environmental quality (IEQ) measures. This summer's Canadian wildfires caused a record-breaking peak of 117 micrograms per cubic meter of particulate matter (PM2.5) in New York City's air. Tests showed that ESRT's proactive IEQ measures maintained the portfolio's indoor air quality at an average of two (2) micrograms per cubic meter of PM2.5.

Indoor Environmental Quality Maintained Throughout Summer's Wildfires

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Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Empire State Realty Trust (ESRT) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

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

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

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2023, 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 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership unit.

Empire State Realty Trust Announces Dividend for Third Quarter 2023

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Office real estate investment trusts in New York City are facing challenges as remote work and changing office dynamics impact demand. Some office markets in Florida, such as Tampa Bay and Sarasota, are experiencing a boom in demand and high occupancy rates. SL Green Realty, Vornado Realty Trust, and Empire State Realty Trust are three New York City-based office REITs that have reported second quarter financial results.

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This Dirt-Cheap Stock Could Be a Great Long-Term Investment

Empire State Realty Trust, Inc. (NYSE:ESRT ) Q2 2023 Earnings Conference Call July 27, 2023 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate and Secretary Tony Malkin – Chairman, President and Chief Executive Officer Tom Durels – Executive Vice President-Real Estate Christina Chiu – Executive Vice President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Steve Sakwa – Evercore ISI Michael Griffin – Citi Camille Bonnel – Bank of America Blaine Heck – Wells Fargo Dylan Burzinski – Green Street Regan Sweeney – BMO Capital Markets Operator Greeting and welcome to the Empire State Realty Trust Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Empire State Realty Trust, Inc. (ESRT) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is 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. Owner of the Empire State Building – the “World's Most Famous Building” – ESRT also owns and operates its iconic, newly reimagined Observatory Experience that was named the #1 attraction in the US for the second year in a row, in Tripadvisor's 202.

Empire State Realty Trust Announces Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new long-term lease with Capco – a global financial technology and management consultancy – for a 26,620 square foot, full-floor space at the Empire State Building (ESB) on the 68th floor. “We are pleased to partner with ESRT for our new office space in this iconic building,” said Mike Ethelston, Managing Partner of Capco US & Brazil. “The Empire State Building exceeded our expectations.

Empire State Realty Trust Signs Capco for Entire 68th Floor at the Empire State Building

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Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Empire State Realty Trust (ESRT) or EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now?

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

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it opened a new all-hands space at 1400 Broadway, and unveiled plans for an outdoor rooftop deck and function space with sweeping city and Empire State Building views at 1333 Broadway, The new office amenities will be new features for all tenants at ESRT's Broadway Campus that includes its properties at 1333 Broadway, 1350 Broadway, 1359 Broadway, 1400 Broadway, 501 Seventh Avenue, 111 W. 33rd Street, a.

Empire State Realty Trust Announces Opening of New All-Hands Space at 1400 Broadway; Shares Plans for 7.4k Square Foot Rooftop at 1333 Broadway

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.

Should Value Investors Buy Empire State Realty Trust (ESRT) Stock?

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Christina Van Tassell and Hannah Yang have joined its Board of Directors, effective July 12, 2023. Christina is a business leader with deep financial expertise. She has been a private and public company CFO, a private equity investor and led M&A transactions and restructurings. She also has broad experience in technology, media, social media and e-commerce. Christina has served as E.

Empire State Realty Trust Announces Christina Van Tassell and Hannah Yang Have Joined Its Board of Directors

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NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its second quarter 2023 financial results on Wednesday, July 26, 2023, after the close of markets on the New York Stock Exchange. A conference call will be held on Thursday, July 27, 2023, at 12:00 p.m. Eastern Time. During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period. T.

Empire State Realty Trust Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

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Office REIT Empire State Realty Trust Is A Way To Sell Short New York City

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two new long-term leases with Skanska and Aprio for a total of 40,000 square feet at the Empire State Building (ESB). Skanska – a leading project development and construction group, and ESB tenant since 2008 – will relocate within the building from its current 24,391 square foot space to a new 25,057 square foot space across a full floor. Aprio, the no. 1 fastest-growing business advisory and.

Empire State Realty Trust Signs Skanska and Aprio for 40k Square Feet at the Empire State Building

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Empire State Realty Trust has rallied higher over the past month on favorable leasing developments and overall positive sentiment. The stronger capital structure than their peers and their supplementary revenues from their observatory operations provide a protective buffer against their pure-play office exposure. A growing multifamily portfolio also provides an additional layer of protection against downside risk.

Empire State Realty: Outlook Positive Despite Haze Over The Observatory

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Christina Chiu, EVP, Chief Operating Officer and Chief Financial Officer, and Tom Durels, EVP, Real Estate, will participate in a moderated Company presentation at the Nareit REITweek 2023 investor conference on Wednesday, June 7, 2023, from 11:00 a.m. to 11:30 a.m. Eastern Time. The Company presentation will be available via webcast. The live audio-webcast can be accessed in listen-onl.

Empire State Realty Trust To Present At The Nareit REITweek 2023 Investor Conference

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Rising Ground – a leading nonprofit organization in human services for children, adults, and families in the greater New York City area – signed a new 30-year lease for a full floor, 29,566 square foot space at 1333 Broadway. “As one of New York's largest and most impactful human service organizations, Rising Ground's dedicated staff of 2,000 today provides 59 services in 103 programs at 86 locations througho.

Rising Ground Signs 29,566 Square Foot Lease with ESRT at 1333 Broadway

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Flagstar Bank, N.A. (“Flagstar”) has assumed the entire 313,109 square foot lease at 1400 Broadway, formerly leased by Signature Bank, under the same terms through 2039 with the exception of an approximate $3 per square foot rent reduction for the first five years of the lease amendment, which equates to an approximate 1.5% rent reduction over the duration of the lease. In the second quarter of 2023, ES.

Empire State Realty Trust Announces Flagstar Assumption of Lease at 1400 Broadway

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NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), is 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. Owner of the Empire State Building – the “World's Most Famous Building” – ESRT also owns and operates its iconic, newly reimagined Observatory Experience that was named the #1 attraction in the US, and #3 in the world, in Tripadvi.

Empire State Realty Trust Announces Dividend for Second Quarter 2023

News for Empire State Realty Trust Stock (ESRT)