Welcome to our dedicated page for Empire St Rlty Tr news (Ticker: ESRT), a resource for investors and traders seeking the latest updates and insights on Empire St Rlty Tr stock.
Empire State Realty Trust Inc (NYSE: ESRT) owns and operates the Empire State Building along with a portfolio of office and retail properties across Manhattan and the greater New York metropolitan area. The company's news flow reflects its unique position as both a commercial landlord and operator of one of the world's most visited landmarks.
News coverage for ESRT typically includes leasing activity across its office and retail portfolio, with announcements about new tenant signings and expansions at properties in Manhattan, Westchester, Connecticut, and the company's growing Williamsburg retail collection. Property acquisitions represent significant news events as the company expands its New York footprint through strategic purchases.
The Empire State Building generates distinctive news content beyond standard REIT coverage. Tower lighting announcements for holidays, cultural events, and partnerships attract media attention and highlight the building's continued cultural relevance. Observatory updates and visitor experience enhancements provide insight into the tourism revenue segment that distinguishes ESRT from conventional office REITs.
Sustainability achievements represent an important news category for ESRT, which has positioned itself as a leader in green building operations. Announcements about energy efficiency milestones, LEED certifications, and GRESB rankings demonstrate the company's ESG commitment. Earnings releases and SEC filings provide quarterly updates on financial performance, occupancy rates, and funds from operations metrics that REIT investors track closely.
Bookmark this page to follow Empire State Realty Trust developments, from major acquisitions and lease signings to the iconic tower lightings that keep the Empire State Building in the global spotlight.
Empire State Realty Trust (NYSE: ESRT) announced that Chairman and CEO Anthony E. Malkin, along with COO and CFO Christina Chiu, will present at the Citi 2023 Global Property CEO Conference on March 6, 2023, at 3:40 PM Eastern Time. The company manages office, retail, and multifamily properties in Manhattan and the greater New York area, including the iconic Empire State Building. A live audio-webcast will be available on the company’s website, with a replay accessible until March 6, 2024. As of December 31, 2022, ESRT’s portfolio includes approximately 8.9 million rentable square feet of office space and 721 residential units.
Empire State Realty Trust (NYSE: ESRT) announced the leasing of approximately 100,000 square feet at the Empire State Building (ESB) between late 2022 and early 2023. This includes a significant 16-year lease of 65,000 square feet by a North American engineering firm, alongside OFS Brands and Resolution Life, Inc., which signed leases totaling 23,500 square feet. The new tenants were attracted by ESB's sustainability practices, extensive amenities, and strategic location in New York City. The engineering firm's identity will be disclosed by March 2023.
On February 17, the Empire State Building (ESB) and iHeartMedia will host the "iHeartRadio Album Release Party with P!NK" to celebrate her new album, TRUSTFALL. The event includes a special lighting ceremony with P!NK flipping the switch at the Observatory, followed by an exclusive interview and performance on the 80th floor. Fans can win tickets through iHeartRadio stations from February 9 to 16. The lighting show, set to her new single "Never Gonna Not Dance Again," will air on New York's Z100 and 103.5 KTU. ESB has recently undergone a $165 million renovation and is the number one attraction in the U.S., welcoming over 4 million visitors annually.
Empire State Realty Trust (NYSE: ESRT) has achieved the WELL Health-Safety Rating across its entire portfolio for the third consecutive year. This certification highlights the company’s commitment to healthy indoor environments.
ESRT became the first commercial real estate portfolio in the Americas to obtain this rating and is among the first globally to complete its annual renewal. The company plans to engage with the WELL at scale program and adopt the newly introduced WELL Equity Rating, focusing on diversity and inclusion. The WELL Health-Safety Rating ensures that buildings meet rigorous health and safety standards, further validating ESRT's leadership in creating healthy buildings.
Empire State Realty Trust (NYSE: ESRT), a prominent REIT managing diverse assets in Manhattan and New York, announced the 2022 tax treatment of its Class A common stock distributions. Stockholders are encouraged to consult tax advisors regarding the cash distributions paid throughout 2022, which totaled $0.140 per share, with specific allocations outlined for various tax reporting categories. Notably, the Empire State Building remains a key asset and a top U.S. attraction, enhancing the company’s profile in the real estate market.
The Empire State Building has introduced new uniforms designed by renowned fashion designer Peyman Umay, following a $165 million renovation of its Observatory Experience. The modern uniforms reflect the building's iconic Art Deco style and were selected through social media votes. The new attire features a gray color scheme with blue accents and custom embroidered details, aiming to enhance the guest experience. To celebrate, the building's tower lights will be illuminated in blue on January 24. The redesign seeks to blend the Empire State Building's rich history with a contemporary vision, positioning it as an essential part of New York City culture.
The Empire State Building has initiated celebrations for Lunar New Year with a stunning tower lighting ceremony and a vibrant musical performance. This year marks the return of in-person events, showcasing a pop-up by Sheng Mary Bakery and festive displays across its 86th Floor Observatory and Fifth Avenue windows. Iconic red lights illuminate the building tonight, symbolizing good fortune. The themed window displays will be available until February 15. Empire State Realty Trust highlights the building's reimagined Observatory Experience, which includes new interactive exhibits and a focus on cultural appreciation.
Empire State Realty Trust, Inc. (NYSE: ESRT) will release its fourth quarter 2022 financial results on February 15, 2023, after market close. A conference call is scheduled for February 16, 2023, at 12:00 p.m. ET, where company officers will discuss performance and recent events. The call will be available on the company's website, along with the earnings release and supplementary materials.
Empire State Realty Trust manages significant assets in Manhattan, including the Empire State Building, a top U.S. attraction.
Empire State Realty Trust (NYSE: ESRT) announced that Leslie D. Biddle will resign from its Board of Directors effective January 16, 2023, to join the U.S. Department of Energy. Biddle expressed gratitude for her experience at ESRT, highlighting the company's leadership in sustainability and energy efficiency. President Anthony Malkin acknowledged her invaluable contributions and stated a search for her replacement is underway. ESRT is a leading REIT managing office, retail, and multifamily properties primarily in Manhattan, known for the iconic Empire State Building.
FAQ
What is the current stock price of Empire St Rlty Tr (ESRT)?
What is the market cap of Empire St Rlty Tr (ESRT)?
