Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) has introduced honeybee hives at several properties, including the Empire State Building, as part of its sustainability efforts. The initiative aims to help recover honeybee populations, vital for pollination, and will produce locally sourced honey for tenants. Each hive can house up to 50,000 bees, with a focus on engaging tenants in sustainability practices. This project reflects ESRT's commitment to environmental responsibility and follows its achievement of carbon neutrality in 2022. Honey harvested from these hives will be distributed at events in November.

Empire State Realty Trust (ESRT) has achieved a 5 Star Rating from the Global Real Estate Sustainability Benchmark (GRESB) for the third consecutive year, scoring 95 points. It received the highest score for Public Disclosure with a score of 96 and an 'A' rating, ranking second in its competitive peer group in the U.S. ESRT was recognized as a Global and Regional Sector Leader in various categories, focusing on sustainability and energy efficiency, with carbon neutrality achieved across its portfolio. The company aims for an 80% reduction in operational emissions by 2030.

The Empire State Building (ESB) hosted its 44th annual Run-Up on October 7, 2022, with 374 runners competing to ascend 1,576 stairs to the 86th Floor Observatory. Soh Wai Ching won the Men's Elite category with a time of 10:44, while Cindy Harris took the Women's Elite with 13:56. The event, presented by Turkish Airlines and supported by the Challenged Athletes Foundation, featured a designated heat for challenged athletes. The iconic building lit its tower in red and white to celebrate the event, further solidifying its status as a premier attraction.

Empire State Realty Trust (NYSE: ESRT) announced that its 2021 Schedule K-3, containing items of international tax relevance, is now available online. This document is crucial for specific OP unitholders, particularly non-U.S. unitholders or those needing to compute foreign tax credits. The Schedule K-3 is vital for ensuring compliance with U.S. tax laws. ESRT, known for managing the iconic Empire State Building and a leader in energy efficiency, aims to assist unitholders in understanding their tax reporting obligations.

Empire State Realty Trust (NYSE: ESRT) will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 12:00 p.m. ET. The Company, known for owning the Empire State Building, manages approximately 9.2 million square feet of office space and 700,000 square feet of retail space in Manhattan. They are leaders in energy efficiency and have received accolades including TripAdvisor's Best of the Best Awards for their landmark observatory.

Empire State Realty Trust (NYSE: ESRT) has achieved carbon neutrality for its 9.9 million square foot portfolio by offsetting non-electric fossil fuel usage through a three-year partnership with 18 Reserves and ACT. This initiative preserves 9,000 acres of biodiverse forest. The company has already reduced greenhouse gas emissions by 54% at the Empire State Building. ESRT aims for an 80% reduction in operational emissions by 2030 and net zero by 2035. Notably, ESRT is the largest user of 100% green power in real estate.

The Empire State Building (ESB) welcomed U.K. Prime Minister Liz Truss for her first U.S. tour, marking the first visit by a U.K. Prime Minister since Winston Churchill in 1932. Truss conducted media interviews on the Observatory's 102nd floor, with Empire State Realty Trust's CEO Anthony Malkin guiding her. The building, renowned for its iconic status and undergoing a $165 million reimagination, attracts over 4 million visitors annually and is fully powered by renewable energy.

Empire State Realty Trust (NYSE: ESRT) has signed leases with three new retail tenants—Panera Bread, Playa Bowls, and Le Café Coffee—to enhance its food offerings across its New York City properties. Panera Bread will relocate to 1359 Broadway, occupying 2,100 square feet, while Playa Bowls will lease 1,385 square feet at 1350 Broadway. Le Café Coffee will take an 822 square foot space at 561 10th Ave. This strategic expansion aims to improve amenities for office and residential tenants, continuing ESRT's commitment to creating a diverse and appealing tenant mix.