EMPIRE STATE REALTY TRUST, INC. - ESRT STOCK NEWS

Empire State Realty Trust (NYSE: ESRT) reported its Q4 2020 financial results, posting a net loss of ($0.10) per share and Core Funds From Operations (Core FFO) of $0.17. The company signed 33 leases totaling 413,356 square feet and collected 95% of total billings. Its liquidity position stands strong at $1.6 billion. Notable achievements include a GRESB 5 Star Rating and Fitwel Champion status for 83% of its Manhattan portfolio. However, occupancy rates dropped to 85.9%, down from 88.6% a year prior, indicating ongoing challenges amid the pandemic.

Empire State Realty Trust (NYSE: ESRT) has signed a full-floor lease with Transit Wireless for 32,499 sq. ft. at 1400 Broadway, New York. This marks Transit Wireless' relocation from 1350 Broadway, where they occupied 24,503 sq. ft. The new office emphasizes employee safety with advanced air quality technology. ESRT achieved a GRESB 5 Star Rating and became the first U.S. real estate portfolio to receive the WELL Health-Safety Rating. 1400 Broadway is strategically located near Herald Square and features superior indoor environmental quality due to upgraded ventilation systems.

Empire State Realty Trust (NYSE: ESRT) has achieved a significant milestone in sustainability by becoming the largest user of green power in real estate, powered entirely by renewable wind energy across its 10.1 million square-foot portfolio. This three-year contract with Green Mountain Energy is expected to save the company over $800,000 in the first year. The initiative will prevent the emission of 450 million pounds of carbon dioxide, demonstrating ESRT's commitment to environmental stewardship. Their properties have received several accolades, including a GRESB 5 Star Rating and the WELL Health-Safety Rating.

Empire State Realty Trust (NYSE: ESRT) announced the lease renewal of Pera Mediterranean Brasserie at One Grand Central Place. This critically acclaimed restaurant is noted for its upscale Eastern Mediterranean cuisine, enhancing the appeal for tenants and visitors alike. The deal reflects the ongoing partnership during challenging times for the restaurant sector, showcasing innovative solutions by ESRT. As of September 30, 2020, ESRT's real estate portfolio includes approximately 10.1 million rentable square feet across office and retail properties, with a strong focus on sustainability.

The Empire State Building (ESB) and iHeartMedia New York have launched a contest to gift a couple a socially distanced wedding on Valentine's Day weekend. Couples whose 2020 wedding plans were disrupted by the pandemic can submit their stories online until February 5, 2021. The winner will have their ceremony on February 13, 2021, at the ESB's 86th Floor Observatory, with wedding attire, rings, and a honeymoon provided. This initiative aims to create unforgettable experiences for couples impacted by COVID-19.

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.

Empire State Realty Trust (NYSE: ESRT) has secured two new leases at One Grand Central Place, totaling 49,999 square feet. The law firm Belkin Burden Goldman, LLP signed for 30,598 square feet, while Dime Community Bank expanded its footprint from 3,643 square feet to 19,401 square feet. This growth is highlighted by the property's prime location and recent certifications, including being a Fitwel Champion and achieving the WELL Health-Safety Rating. These developments enhance ESRT's portfolio, which covers over 10.1 million rentable square feet in New York City.

Empire State Realty Trust (NYSE:ESRT) will release its fourth quarter 2020 financial results on February 17, 2021, following market closure. A conference call for discussing these results is scheduled for February 18, 2021, at 1:00 p.m. ET. Investors can access the earnings release and supplemental documents on the company’s website. The trust operates a substantial real estate portfolio comprising 10.1 million rentable square feet, mainly in Manhattan and the New York metropolitan area, emphasizing sustainability with multiple ENERGY STAR certifications.