Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) has announced that Anthony E. Malkin, Chairman and CEO, will speak at the BofA Securities 2021 Global Real Estate Virtual Conference on September 21, 2021, at 7:30 AM ET. The Company will also hold one-on-one meetings with investors during the conference on September 21-22, 2021. Interested investors can listen to the roundtable discussion via a live webcast on the Company’s website, with replays available until December 22, 2021. The real estate trust manages properties primarily in Manhattan and is recognized for its sustainability efforts.

The Empire State Building is partnering with designer LaQuan Smith to host its first-ever fashion show on Sept. 9, 2021, during New York Fashion Week. Smith, a native New Yorker, will showcase his Spring/Summer 2022 collection in a venue described by VOGUE as 'the most dramatic NYFW venue.' This event celebrates the iconic building's 90th anniversary and marks a significant moment in fashion history. Smith's designs are favored by celebrities like Beyoncé and Rihanna, and this show is expected to attract elite guests, taking place at 9 p.m.

Empire State Realty Trust (NYSE: ESRT) announced a dividend of $0.035 per share for Q3 2021, payable September 30, 2021, to shareholders of Class A and Class B common stock, as well as operating partnership units. Additionally, a dividend of $0.15 per unit will be paid for Series 2014 Preferred Units, and $0.175 per unit for Series 2019 Preferred Units. Unitholders must be on record by September 15, 2021. The company, managing a portfolio of 10.1 million rentable square feet, emphasizes its commitment to sustainability, achieving multiple certifications for energy efficiency.

The Empire State Building (ESB) is celebrating its 90th anniversary with the launch of a pop-up program featuring exclusive offerings from local businesses. Starting on August 5, 2021, My Cookie Dealer will sell an ESB-themed chocolate chip cookie at a special cart on the Observatory's 80th floor. This initiative will showcase a new vendor every four to six weeks. With a recent $165 million renovation, the Observatory now boasts interactive exhibits and 350-degree views, further enhancing the visitor experience.

Empire State Realty Trust (NYSE: ESRT) announced its Q2 2021 financial results, reporting earnings of $0.01 per fully diluted share and Core FFO of $0.18. Same-Store Property Cash NOI fell 6.0% year-over-year due to revenue write-offs. The Empire State Building Observatory generated $8.4 million in revenue with a net operating income of $3.1 million. Leasing activity included 35 leases totaling 190,838 square feet, with a collection rate of 95%. The quarterly dividend was reinstated at $0.035 per share. As of June 30, 2021, the company's liquidity stood at $1.4 billion, and total debt was approximately $2.2 billion.

Empire State Realty Trust (NYSE: ESRT) has secured an 11-year lease with Rizzo Group and CodeGreen Solutions for 11,835 square feet at 1350 Broadway, New York. The companies are expanding from their previous location at 1333 Broadway. Rizzo Group's CEO praised ESRT's commitment to high-performance safety and sustainability, emphasizing their collaboration on reducing energy usage. The building features advanced air filtration systems and is located in a prime area with various amenities. ESRT's portfolio includes over 10 million rentable square feet in the New York metropolitan area.

The Empire State Building (ESB) partnered with Macy's for the 45th Annual Macy's 4th of July Fireworks, featuring 65,000 shells launched from five barges and the iconic building itself. The event celebrated the building's 90th anniversary, with a spectacular firework display from its 72nd, 86th, and 103rd floors. Anthony E. Malkin, CEO, emphasized the ESB's modern relevance amidst historical significance. The building showcased a light show synced with the fireworks, highlighting its commitment to energy efficiency and sustainability.

Empire State Realty Trust (NYSE:ESRT) plans to release its second quarter 2021 financial results on July 28, 2021, after the market closes. A conference call will take place on July 29 at 1:00 p.m. Eastern Time to discuss performance and recent events. The earnings release and supplemental materials will be available on the company's website prior to the call. ESRT's portfolio spans 10.1 million rentable square feet, emphasizing energy efficiency and sustainability, with 76% of properties ENERGY STAR certified and fully powered by renewable energy.

Empire State Realty Trust (NYSE: ESRT) announced the return of its 10th annual Empire State Building Photo Contest on June 24, 2021. Photographers can compete in eight categories for a total of $8,500 in prizes, including a grand prize of $5,000 and a $500 gift card for photo equipment. In honor of the building's 90th anniversary, there will be 90 finalists. Entries must be submitted by August 19, 2021. Winners will be displayed in the building's lobby and featured on its social channels.