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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.

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The Empire State Building will light up in blue on April 19 to honor National Child Abuse Prevention Month. This event is part of an initiative by the Barbara Sinatra Children's Center and FightChildAbuse.org, featuring Olympian Aly Raisman flipping the ceremonial switch. The blue lights symbolize the fight against child abuse, an issue affecting 1 in 4 girls and 1 in 13 boys in the U.S. each year. Additionally, on April 20, the opening bell will be rung at the New York Stock Exchange by CEO Greg Marcus of Marcus Corporation and John Thoresen from the Children's Center. The event aims to raise awareness and provide education about child sexual abuse and prevention strategies.

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Empire State Realty Trust (NYSE: ESRT) has announced its 2023 Annual Meeting of Shareholders, scheduled for May 11, 2023, at 11:00 am ET. The record date for shareholders entitled to vote is March 2, 2023. This hybrid meeting will take place in-person at State Grill, New York City, and virtually via audio webcast. The details are available in the 2023 proxy statement on the company's website. Empire State Realty Trust is a leading REIT managing office, retail, and multifamily assets, including the iconic Empire State Building, with a portfolio of approximately 8.9 million rentable square feet as of December 31, 2022.

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Empire State Realty Trust (NYSE: ESRT) announced it will release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 12:00 p.m. ET, where executives will discuss performance and answer questions. The company, known for owning the iconic Empire State Building, holds approximately 8.9 million rentable square feet of office space and 741,000 rentable square feet of retail space in the New York metropolitan area. The earnings release and investor materials will be available on their website prior to the call.

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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 $10.74 as of November 18, 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.

EMPIRE STATE REALTY TRUST, INC.

NYSE:ESRT

ESRT Rankings

ESRT Stock Data

1.78B
165.78M
0.05%
88.87%
3.1%
REIT - Diversified
Real Estate Investment Trusts
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United States of America
NEW YORK