Empire St Rlty Tr Inc Stock Price, News & Analysis

The Empire State Building has launched the 'Happily Ever Empire' proposal package, offering couples VIP access to its iconic 86th Floor Observatory for unforgettable engagements. Priced at $1,000 per couple, the package includes a private tour of the building’s exhibits and a chance to propose with stunning views. The observatory has recently undergone renovations worth $165 million, enhancing the visitor experience with a dedicated entrance, a new digital museum, and improved health and safety features. This initiative is part of the building's ongoing commitment to tourism and romance.

Empire State Realty Trust (NYSE: ESRT) has announced that iCapital Network, Inc. will significantly expand its office space at One Grand Central Place by adding 35,186 square feet, bringing total office space to 64,537 square feet. The lease has been extended for an additional six years. This expansion aims to accommodate iCapital's growth and enhance operational capabilities. One Grand Central Place offers top-notch amenities, including access to multiple subway lines and high indoor environmental quality measures, ensuring a safe return to the office.

The Empire State Building celebrates its 90th anniversary by hosting Oktoberfest on the 86th Floor Observatory, in partnership with Bronx Brewery. The event runs from October 14-30, 2021, offering four select beers alongside mini NY-style cheesecakes from STATE Grill and Bar. This marks the first time drinks are served within the Observatory. The building's reimagined guest experience includes interactive exhibits and a dedicated entrance, enhancing visitor engagement. ESB attracts over 4 million annual visitors, highlighting its status as a premier tourist destination.

Empire State Realty Trust (NYSE:ESRT) will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call is scheduled for October 28, 2021, at 12:00 p.m. ET, where company officers will discuss performance and recent events. The earnings release and supplemental information will be available on the company’s website prior to the call. ESRT has a portfolio covering 10.1 million rentable square feet, including notable properties in Manhattan.

Empire State Realty Trust (NYSE: ESRT) has signed a lease with Le Café Coffee for an 879 square foot space at 250 West 57th Street, enhancing its retail offerings. Located near notable retailers and the Turnstyle Underground Market, this addition is expected to benefit office tenants as well. Le Café Coffee emphasizes quality with unique beans sourced from Colombia, Ethiopia, and Brazil, aligning with ESRT's standards of excellence. As of June 30, 2021, ESRT's portfolio includes 10.1 million rentable square feet across Manhattan and surrounding areas.

Empire State Realty Trust (NYSE: ESRT) announced a new lease agreement with American Eagle Outfitters for a 2,874 square foot retail space at 69-97 Main Street, Westport, Connecticut. This addition completes the full occupancy of the retail shops following a tenant repositioning initiative. The property features direct access from Main Street and Parker Harding Plaza, enhancing guest convenience. The retail mix includes popular brands such as Sundance, Theory, Lululemon, and Johnny Was. The announcement reflects ESRT's commitment to strong tenant partnerships within prime locations.

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.