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Empire State Realty Trust Announces 2021 Tax Treatment of Its Distributions
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Rhea-AI Summary
Empire State Realty Trust (NYSE: ESRT) announced the 2021 tax treatment for its Class A common stock distributions. The company reinstated its dividend for the second, third, and fourth quarters after suspending it in Q1 2021. Shareholders received a total distribution of $0.105 per share, with various components reported for tax filing purposes. Investors are encouraged to seek advice from tax professionals regarding their specific tax implications. The portfolio includes 9.4 million rentable square feet of office space and the iconic Empire State Building.
Positive
Reinstated dividend for 2021 after a suspension in Q1.
Total distribution of $0.105 per share for 2021.
Negative
Suspension of the dividend in Q1 2021.
NEW YORK--(BUSINESS WIRE)--
Empire State Realty Trust, Inc.(NYSE: ESRT) (the “Company”), 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, today announced the 2021 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, 2021 and the appropriate Form 1099-DIV box number. The Company suspended the dividend for the first quarter of 2021 and reinstated the dividend for the second, third and fourth quarters of 2021. 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 2021
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)
6/15/2021
6/30/2021
$0.035
$0.035
$0.006
$0.000
$0.029
$0.006
9/15/2021
9/30/2021
$0.035
$0.035
$0.006
$0.000
$0.029
$0.006
12/20/2021
12/31/2021
$0.035
$0.035
$0.006
$0.000
$0.029
$0.006
Total
$0.105
$0.105
$0.017
$0.000
$0.088
$0.017
About Empire State Realty Trust
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. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT’s portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
