Empire State Realty Trust Announces 2020 Tax Treatment of Its Distributions
Empire State Realty Trust (NYSE: ESRT) announced the tax treatment of its Class A common stock distributions for 2020. The Company paid dividends in Q1 and Q2, totaling $0.210 per share, but suspended dividends for Q3 and Q4 due to financial constraints. Shareholders are advised to consult their tax advisors for specific tax treatment. The trust continues to manage a diverse portfolio of office and retail properties, including the iconic Empire State Building, covering over 10 million rentable square feet and emphasizes sustainability with high ENERGY STAR certification rates.
- Total cash distributions for 2020 amounted to $0.210 per share.
- Sustainability initiatives with a significant portion of the portfolio ENERGY STAR certified.
- Dividends were suspended for Q3 and Q4 of 2020.
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, 2020 and the appropriate Form 1099-DIV box number. The Company paid a dividend in the first and second quarters of 2020 and suspended the dividend for the third and fourth quarters of 2020. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.
| CUSIP: 292104106 | ||||||||||||||
| Record Date | Payment Date |
Total Distribution per Share |
Total Distribution Allocable to 2020 |
Box 1a Ordinary Dividends |
Box 1b Qualified Dividend (Included in Box 1a) |
Box 3 Nondividend Distributions |
Box 5 Section 199A Dividends (Included in Box 1a) |
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3/16/2020 |
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3/31/2020 |
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6/19/2020 |
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6/30/2020 |
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Total |
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About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the “World's Most Famous Building.” The company's office and retail portfolio covers 10.1 million rentable square feet, as of Sept. 30, 2020, which consists of 9.4 million rentable square feet across 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; as well as approximately 700,000 rentable square feet in the retail portfolio.
Empire State Realty Trust is a leader in energy efficiency in the built environment and sustainability, with 76 percent of the eligible portfolio ENERGY STAR certified. As the first commercial real estate portfolio in the U.S. to achieve the evidence-based, third-party verified WELL Health-Safety Rating for health and safety, ESRT additionally earned the highest possible GRESB 5 Star Rating and Green Star recognition for sustainability performance in real estate and was named a Fitwel Champion for healthy, high-performance buildings. To learn more about Empire State Realty Trust, visit empirestaterealtytrust.com and follow ESRT on Facebook, Instagram, Twitter and LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005445/en/
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