Empire St Rlty Tr Inc Stock Price, News & Analysis

The Empire State Building (ESB) hosted its 44th annual Run-Up on October 7, 2022, with 374 runners competing to ascend 1,576 stairs to the 86th Floor Observatory. Soh Wai Ching won the Men's Elite category with a time of 10:44, while Cindy Harris took the Women's Elite with 13:56. The event, presented by Turkish Airlines and supported by the Challenged Athletes Foundation, featured a designated heat for challenged athletes. The iconic building lit its tower in red and white to celebrate the event, further solidifying its status as a premier attraction.

Empire State Realty Trust (NYSE: ESRT) announced that its 2021 Schedule K-3, containing items of international tax relevance, is now available online. This document is crucial for specific OP unitholders, particularly non-U.S. unitholders or those needing to compute foreign tax credits. The Schedule K-3 is vital for ensuring compliance with U.S. tax laws. ESRT, known for managing the iconic Empire State Building and a leader in energy efficiency, aims to assist unitholders in understanding their tax reporting obligations.

Empire State Realty Trust (NYSE: ESRT) will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 12:00 p.m. ET. The Company, known for owning the Empire State Building, manages approximately 9.2 million square feet of office space and 700,000 square feet of retail space in Manhattan. They are leaders in energy efficiency and have received accolades including TripAdvisor's Best of the Best Awards for their landmark observatory.

Empire State Realty Trust (NYSE: ESRT) has achieved carbon neutrality for its 9.9 million square foot portfolio by offsetting non-electric fossil fuel usage through a three-year partnership with 18 Reserves and ACT. This initiative preserves 9,000 acres of biodiverse forest. The company has already reduced greenhouse gas emissions by 54% at the Empire State Building. ESRT aims for an 80% reduction in operational emissions by 2030 and net zero by 2035. Notably, ESRT is the largest user of 100% green power in real estate.

The Empire State Building (ESB) welcomed U.K. Prime Minister Liz Truss for her first U.S. tour, marking the first visit by a U.K. Prime Minister since Winston Churchill in 1932. Truss conducted media interviews on the Observatory's 102nd floor, with Empire State Realty Trust's CEO Anthony Malkin guiding her. The building, renowned for its iconic status and undergoing a $165 million reimagination, attracts over 4 million visitors annually and is fully powered by renewable energy.

Empire State Realty Trust (NYSE: ESRT) has signed leases with three new retail tenants—Panera Bread, Playa Bowls, and Le Café Coffee—to enhance its food offerings across its New York City properties. Panera Bread will relocate to 1359 Broadway, occupying 2,100 square feet, while Playa Bowls will lease 1,385 square feet at 1350 Broadway. Le Café Coffee will take an 822 square foot space at 561 10th Ave. This strategic expansion aims to improve amenities for office and residential tenants, continuing ESRT's commitment to creating a diverse and appealing tenant mix.

Empire State Realty Trust (NYSE: ESRT) announced the lease renewal of 79,059 square feet by Franklin Templeton at 100 First Stamford Place, comprising about 10% of the building's space. Located in Connecticut's prominent business district, the office campus features numerous amenities. Jeff Newman from ESRT highlighted that this move showcases the property's appeal for attracting talent in the tri-state area and underscores ESRT's commitment to sustainability and quality workspaces. ESRT manages approximately 9.2 million rentable square feet of office space, focusing on energy efficiency and indoor environmental quality.

Empire State Realty Trust (NYSE: ESRT) announced that CLA (CliftonLarsonAllen LLP) has leased the entire 51st floor of One Grand Central Place, totaling 12,422 square feet. This expansion represents a tripling of CLA's office space at the location in under two years. ESRT's executive vice president highlighted the building's modern amenities and convenient location, responding to market demand for quality office spaces. CLA's CEO praised the supportive leasing process provided by ESRT.

Empire State Realty Trust (NYSE: ESRT) announced that Allied Universal® has expanded and relocated its office from a 12,000 square foot space at One Grand Central Place to a new 30,000 square foot space at 501 Seventh Avenue. This move highlights the increasing demand for energy-efficient and modern office spaces, especially in New York City. The new location offers enhanced healthy building technologies and convenient access to mass transit. ESRT continues to lead in sustainability, owning a diverse portfolio of approximately 9.2 million rentable square feet.