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EMPIRE STATE REALTY TRUST, INC. - ESRT STOCK NEWS

Welcome to our dedicated page for EMPIRE STATE REALTY TRUST news (Ticker: ESRT), a resource for investors and traders seeking the latest updates and insights on EMPIRE STATE REALTY TRUST stock.

Empire State Realty Trust, Inc. (NYSE: ESRT) is a premier real estate investment trust (REIT) headquartered in New York, New York. As a leading entity in the real estate sector, ESRT specializes in the ownership, management, operation, acquisition, and repositioning of both office and retail properties in Manhattan and the greater New York metropolitan area. The company is renowned for its iconic property, the Empire State Building, which stands as one of the most famous buildings in the world.

As of June 30, 2015, Empire State Realty Trust's extensive office and retail portfolio boasts a substantial 10.0 million rentable square feet. This includes 9.3 million rentable square feet distributed across 14 office properties, with nine properties located in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York. Additionally, the retail portfolio encompasses approximately 720,000 rentable square feet.

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, with around 9.4 million square feet of office space under its management, about 80% of which is located in Manhattan. The Empire State Building alone, featuring both office spaces and the popular observation deck, serves as a significant revenue generator and a prominent tourist attraction.

ESRT's strategic approach to real estate investment and management ensures that its properties are continually optimized for maximum value and performance. This includes ongoing projects aimed at enhancing tenant satisfaction, improving energy efficiency, and maintaining the historic integrity of its properties. The company's commitment to sustainability is evident in its efforts to achieve various environmental certifications and implement green building practices.

Financially, Empire State Realty Trust remains robust, with a diverse tenant base and a strategic focus on high-demand locations. The company's partnerships and collaborations with other industry leaders further strengthen its market position, offering shareholders confidence in its long-term growth and stability.

News

iHeartMedia and Empire State Building To Host “iHeartRadio Holiday Pop Up Party with Jimmy Fallon Presented by State Farm®” with Special Music-to-Light Show

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iHeartMedia (IHRT) and the Empire State Building announced the 'iHeartRadio Holiday Pop Up Party with Jimmy Fallon presented by State Farm.' The event will feature a light show atop the Empire State Building synchronized to Fallon's new song 'Wrap Me Up' with Meghan Trainor. The 15-minute special will broadcast on iHeartRadio stations nationwide on Dec. 19 at 9 p.m. local time and on the iHeartRadio Holiday Season Radio digital station at 9 p.m. ET. Additionally, New York iHeartRadio stations will play 'Wrap Me Up' synced to the light show every night from Dec. 19 to Dec. 25 at 7 p.m. ET. Fallon will also host iHeartRadio's Holiday Favorites, presented by State Farm, starting Dec. 18 at 6 p.m. local time.
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Most Wonderful Time of the Year: Empire State Building Announces Fan-Favorite Holiday Programs to Include 20th Anniversary Elf Activations, Classic Holiday Décor, Festive Pop-Ups, Special Lightings and More

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Empire State Building (ESB) announces its annual holiday festivities, including visits from Santa Claus, pop-ups, and special tower lightings. The celebrations will feature seasonal holiday décor, 20th-anniversary Elf activations, classic holiday displays, festive pop-ups, special lightings, and more. The Empire State Building's world-famous tower lights will shine throughout the holiday season with dedicated lightings for Thanksgiving, Chanukah, Christmas, and New Year's Eve. The ESB's world-famous outdoor observatory is also equipped with heaters on the 86th floor observation deck during the chillier months to provide guests with a comfortable viewing experience.
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Warner Bros. Discovery and the Empire State Building Celebrate the 20th Anniversary of New Line Cinema's Holiday Classic "Elf" with a Tower Lighting, Special Film Screenings, and Observatory Décor

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Warner Bros. Discovery and the Empire State Building celebrate the 20th anniversary of New Line Cinema's 'Elf' with special tower lighting, film screenings, and themed décor. The Empire State Building was lit in Buddy the Elf's signature colors, green and yellow, to pay tribute to the film's 20th anniversary. Visitors can enjoy 'Elf'-themed shoppable window displays and a life-size version of Buddy the Elf for photo opportunities on the 86th floor Observatory. Movie screenings and complimentary candy, snacks, and beverages will also be provided on December 3, 10, and 17.
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The Empire State Building Partners with Warner Bros. Discovery to Celebrate the 20th Anniversary of New Line Cinema’s Holiday Classic “Elf” with a Tower Lighting, Special Film Screenings, and Observatory Décor

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ESB Celebrates 20th Anniversary of 'Elf' with Special Tower Lighting and Film Screenings
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Empire State Building Wins Big with Three Prestigious Awards for Excellence in Building Management, Sustainability, and Community Contributions

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Empire State Realty Trust, Inc. announced that the Empire State Building has received three prestigious awards: the 2023 BOMA Grand Pinnacle Award, the 2023 BOMA Earth Award, and the Manhattan Chamber of Commerce Landmark of the Year Award. These awards recognize the building's excellence in building management, sustainability, and community contributions. ESRT's commitment to sustainability has reduced greenhouse gas emissions by 54% at the Empire State Building and 43% across its entire commercial portfolio.
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Empire State Realty Trust Ranks First of All 115 Americas’ Listed Companies and Achieves Top GRESB 5 Star Rating for Fourth Consecutive Year

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Empire State Realty Trust Achieves Highest GRESB Rating for Fourth Consecutive Year
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Empire State Realty Trust to Ring the NYSE Opening Bell to Celebrate Its 10th Anniversary as a New York Stock Exchange Listed REIT

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Empire State Realty Trust celebrates its 10th anniversary of its IPO on the NYSE by ringing The Opening Bell® on October 4, 2023. The company has strengthened its business with diverse verticals and a strong balance sheet. Their leadership in sustainability and carbon neutrality is driving leasing and development practices. The event signifies future growth.
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Empire State Realty Trust Announces Acquisition of Prime Retail Asset in Williamsburg, Brooklyn, as Part of Capital Recycling Program

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Empire State Realty Trust acquires two properties in Brooklyn for $26.4 million, expanding their retail and multifamily portfolios.
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The Empire State Building Launches First-Ever Fall Film Series

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The Empire State Building launches a fall film series for guests to view movies on the big screen high above New York City. The series includes themed snacks and drinks, access to the building's museum and observation decks. Each movie prominently features the Empire State Building. Tickets are available for $130 per person.
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Empire State Realty Trust Announces Release of Schedule K-3

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Empire State Realty Trust, Inc. announces availability of 2022 Schedule K-3 for international tax information.
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FAQ

What is the current stock price of EMPIRE STATE REALTY TRUST (ESRT)?

The current stock price of EMPIRE STATE REALTY TRUST (ESRT) is $10.59 as of November 15, 2024.

What is the market cap of EMPIRE STATE REALTY TRUST (ESRT)?

The market cap of EMPIRE STATE REALTY TRUST (ESRT) is approximately 1.8B.

What is Empire State Realty Trust, Inc.?

Empire State Realty Trust, Inc. (NYSE: ESRT) is a leading real estate investment trust that owns, manages, and operates office and retail properties in Manhattan and the greater New York metropolitan area.

What properties does Empire State Realty Trust own?

Empire State Realty Trust's portfolio includes the iconic Empire State Building and other properties totaling 10.0 million rentable square feet in Manhattan, Connecticut, and Westchester County, New York.

Where is Empire State Realty Trust headquartered?

Empire State Realty Trust is headquartered in New York, New York.

What is the significance of the Empire State Building in ESRT's portfolio?

The Empire State Building is a landmark property within ESRT's portfolio, featuring office spaces and an observation deck, making it a major revenue generator and tourist attraction.

How much office space does Empire State Realty Trust manage?

Empire State Realty Trust manages around 9.4 million square feet of office space, with approximately 80% located in Manhattan.

What is the size of ESRT's retail portfolio?

ESRT's retail portfolio covers approximately 720,000 rentable square feet.

What are some recent projects of Empire State Realty Trust?

Recent projects include efforts to enhance tenant satisfaction, improve energy efficiency, and maintain the historic integrity of its properties.

Does Empire State Realty Trust focus on sustainability?

Yes, ESRT is committed to sustainability, striving for environmental certifications and implementing green building practices across its properties.

Who are the tenants of Empire State Realty Trust's properties?

ESRT's properties host a diverse tenant base, comprising various industries and sectors, ensuring a stable and robust financial condition.

How does Empire State Realty Trust ensure the value of its properties?

ESRT continually optimizes its properties through strategic management, tenant satisfaction initiatives, and sustainable practices, ensuring long-term value and performance.

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EMPIRE STATE REALTY TRUST, INC.

Nasdaq:ESRT

ESRT Rankings

#2069 Ranked by Market Cap
#1651 Ranked by Dividends

ESRT Stock Data

1.76B
165.78M
0.05%
88.87%
3.1%
REIT - Diversified
Real Estate Investment Trusts
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United States of America
NEW YORK