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Empire State Realty Trust, Inc. reports developments as a New York City-focused REIT with office, retail and multifamily assets and a separate Observatory business at the Empire State Building. Recurring updates include quarterly results, leasing and tenant amenity investments, NYC retail acquisitions and property financing, and capital recycling within its real estate portfolio.
The company's announcements also include Empire State Building Observatory programming, seasonal visitor experiences, health and safety certifications, energy efficiency and indoor environmental quality initiatives, and investor conference participation. These themes connect ESRT's real estate operations with the visitor-facing Observatory segment and its portfolio strategy in Manhattan and Brooklyn.
Empire State Realty Trust (NYSE: ESRT) has secured a significant lease renewal with Gerson Lehrman Group (GLG) at One Grand Central Place. The renewal encompasses 77,382 square feet across two full floors overlooking Vanderbilt Plaza. GLG, a financial and global information services consulting company, has been part of ESRT's portfolio since 2013.
One Grand Central Place is a 55-story modernized office building featuring premium amenities and strategic location advantages, including direct access to Grand Central Terminal's transportation hub with commuter trains, five subway lines, and LIRR access via Grand Central Madison. The building's location provides convenient access to New York City's premier restaurants, lodging, and entertainment venues.
Empire State Realty Trust (ESRT) has been awarded the 2024 IWBI WELL Health-Safety Leadership award for prioritizing building occupant health across its entire portfolio. The company has maintained the WELL Health-Safety Rating for all properties since 2020, making it the first portfolio in the Americas to achieve and maintain WELL Certification.
ESRT's 2024 achievements include:
- Five Stars and an A rating from GRESB
- Highest GRESB score among Americas' Listed Companies for second consecutive year
- ENERGY STAR Sustained Excellence Award for second consecutive year
The WELL Health-Safety Rating verifies buildings for operational excellence through air and water quality, cleaning procedures, emergency preparedness, health resources, and stakeholder engagement. CEO Tony Malkin emphasized ESRT's leadership in energy, sustainability, and indoor environmental quality performance, highlighting the measurable value delivered to tenants and investors.
Empire State Realty Trust (NYSE: ESRT) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 29, 2025, after the NYSE market close. The company will host a conference call on Wednesday, April 30, 2025, at 12:00 p.m. Eastern Time, where company officers will discuss Q1 performance and conduct a Q&A session.
The earnings release, supplemental materials, and investor presentation will be accessible on the company's website prior to the call. Investors can access the live webcast through ESRT's website and participate via telephone using domestic (1-877-407-3982) or international (1-201-493-6780) numbers. A replay will be available until May 07, 2025.
Empire State Realty Trust (NYSE: ESRT) has announced its participation in Citi's 30th Annual Global Property CEO Conference. The company's Chairman and CEO Anthony E. Malkin, along with President Christina Chiu, will deliver a presentation on Monday, March 3, 2025, at 10:15 AM Eastern time.
Investors can access a live audio-webcast of the roundtable discussion in listen-only mode through the Investor Relations section of esrtreit.com. The webcast recording will remain available for replay until March 3, 2026.
The Empire State Building has announced its Valentine's Day 2024 celebrations, featuring several romantic experiences. The centerpiece is the exclusive 'Empire for Two' package, a $20,000 once-in-a-lifetime date night offering a private three-course dinner with wine pairing on the 102nd Floor Observatory, complete with live music and exclusive access to the building's attractions.
Additional Valentine's offerings include a special screening of 'Sleepless in Seattle' on the 80th Floor, the 'Happily Ever Empire' proposal package with private Observatory access and champagne, and a Baked by Melissa pop-up cart operating from Feb. 5-23. The building will feature its traditional pink heartbeat lighting display on February 14.
Recently voted the #1 attraction worldwide in the 2024 Tripadvisor Travelers' Choice Awards, the Observatory underwent a $165 million renovation featuring nine new gallery spaces and an enhanced 102nd Floor Observatory experience.
Empire State Realty Trust (NYSE: ESRT) has disclosed the tax treatment of its Class A common stock distributions for 2024. The company distributed a total of $0.140 per share throughout the year, paid in four equal quarterly installments of $0.035 per share.
The distributions were classified as follows:
- 100% as Ordinary Dividends (Box 1a)
- 0% as Qualified Dividends (Box 1b)
- 0% as Nondividend Distributions (Box 3)
- 100% qualifies as Section 199A Dividends (Box 5)
The payments were made on March 28, June 28, September 30, and December 31, 2024, with respective record dates of March 15, June 14, September 16, and December 16, 2024.
Empire State Realty Trust (NYSE: ESRT) has announced its schedule for the fourth quarter 2024 financial results release and conference call. The company will release its Q4 2024 financial results on Wednesday, February 19, 2025, after the NYSE market close. A conference call will follow on Thursday, February 20, 2025, at 12:00 p.m. Eastern Time.
During the call, company officers will review quarterly performance, discuss recent events, and hold a Q&A session. Financial materials, including the earnings release, supplemental information, and investor presentation, will be available on the company's website prior to the call. The conference call will be accessible via webcast through ESRT's website, with replay available for 7 days afterward.
Empire State Building announces its holiday season celebrations featuring extensive decorations, festive events, and special activities. The Observatory Experience will be adorned with wreaths, lights, tinsel, and a giant menorah, offering dedicated photo opportunities with Santa Claus on select dates in December. Special attractions include Ghirardelli Chocolate's hot cocoa service on the 86th Floor Observatory, holiday movie screenings of classics like 'Elf' and 'Home Alone 2', and a Starbucks Reserve® Winter Wonderland pop-up featuring exclusive offerings. The building's iconic tower will feature special lightings for Thanksgiving, Chanukah, Christmas, and New Year's Eve, complemented by a holiday music-to-light show.
Empire State Realty Trust (ESRT) announced a significant lease expansion with law firm Hecker Fink LLP at the Empire State Building. The firm signed a full-floor expansion of 26,782 square feet, bringing their total office space to 53,779 square feet across two floors. The expansion follows the firm's seven-year tenancy in the building, which offers over 65,000 square feet of amenities including dining options, a tenant-only fitness center, conference center, and the Empire Lounge. ESRT highlighted its track record of tenant expansions, noting 293 expansion leases totaling 2.8 million square feet since their IPO.
Empire State Realty Trust (ESRT) announced that Bloomsbury Publishing has signed a new 24,209 square foot lease for office space at 1359 Broadway. The property, located in the Broadway Pedestrian Plaza, offers modern amenities including a 170+ person tenant lounge, access to a future rooftop lounge, and proximity to major transportation. Bloomsbury's president, Sabrina McCarthy, cited the building's modern look, security, sunlight, and customized space as key factors in their decision. The publishing house, known for the Harry Potter series, was previously a tenant at 1400 Broadway.