Welcome to our dedicated page for Empire St Rlty Tr news (Ticker: ESRT), a resource for investors and traders seeking the latest updates and insights on Empire St Rlty Tr stock.
Empire State Realty Trust, Inc. (ESRT) delivers Manhattan-focused commercial real estate insights through this comprehensive news hub. Access official press releases and curated analysis covering leasing activity, portfolio enhancements, and market leadership in New York's iconic properties.
Investors and analysts will find timely updates on earnings reports, strategic acquisitions, and sustainability initiatives across ESRT's 14.1 million square foot portfolio. Track operational milestones for landmark assets including the Empire State Building and emerging Class A office spaces.
This resource consolidates essential updates on tenant expansions, energy efficiency programs, and leadership developments. All content undergoes strict verification to ensure compliance with financial reporting standards.
Bookmark this page for direct access to ESRT's evolving market strategy in one of the world's most competitive real estate landscapes. Regular updates provide critical insights for evaluating this vertically-integrated REIT's performance.
The Empire State Building (ESB) announced the complete lift of COVID-19 protocols for its Observatory Experience, aligning with new local guidelines. Visitors can now enjoy fully reopened interactive exhibits with optional mask-wearing. The Observatory showcases a recently renovated space, including a $165 million overhaul completed in November 2019, enhancing visitor experience with immersive exhibits and improved indoor air quality. Reservations are recommended for limited visitor capacity. ESB is part of Empire State Realty Trust (ESRT), a leader in sustainability and energy efficiency.
Empire State Realty Trust (ESRT) has partnered with New York State to accept the Excelsior Pass for entry at their 11 buildings, including the Empire State Building, allowing fully vaccinated visitors to bypass daily temperature screenings. The initiative begins with a vaccination event at the Empire State Building and offers special discounts for vaccinated guests at the observatory. From June 10 to June 26, Excelsior Pass holders can access mask-optional hours at the observatory. Over 2 million Excelsior Passes have been issued since its launch in March 2021, aimed at supporting a safe return to normalcy.
Empire State Realty Trust (NYSE:ESRT) announced participation in Nareit’s REITweek 2021 virtual investor conference on June 8, 2021. The presentation will feature Tony Malkin (Chairman, President, and CEO), Christina Chiu (EVP, CFO), and Tom Durels (EVP of Real Estate) from 8:45 a.m. to 9:15 a.m. ET. Attendees must register for the event using the provided link. ESRT focuses on office and retail properties, owning 10.1 million rentable square feet. The company emphasizes sustainability, achieving various certifications and ratings, including ENERGY STAR and GRESB 5 Star.
Empire State Realty Trust (NYSE: ESRT) announced the 2021 Empire State Building Run-Up happening on October 26, 2021, at 8 p.m. EST. Registration opens on June 1, 2021, with only 125 runners selected to participate. Enhanced safety measures include proof of vaccination and staggered heats. The event marks the building's 90th anniversary. Last year’s participants will retain their spots. The entry fee is $125, payable only upon lottery acceptance. Turkish Airlines returns as a sponsor, and the Challenged Athletes Foundation will support runners with disabilities.
Empire State Realty Trust (NYSE: ESRT) has announced a reinstated dividend of $0.035 per share for Q2 2021, translating to an annualized rate of $0.14 per share, payable on June 30, 2021. This decision reflects management's confidence in New York City's recovery and the company’s improved financial performance. Additionally, dividends for preferred units will be $0.15 and $0.175 for respective series, payable to unitholders on June 30, 2021. The announcement underscores the company's strengthening balance sheet and liquidity position.
Empire State Realty Trust (NYSE: ESRT) reported its Q1 2021 results, showing earnings per share at ($0.02) and Core FFO at $0.15. Rent collection remained stable at 94%. The company signed 26 leases totaling 171,817 square feet, with a strong liquidity position of $1.4 billion. ESRT's portfolio occupancy fell to 85%, down from 88.7% YoY, while same-store cash NOI rose by 3% from Q1 2020. The Company continues its focus on sustainability with 100% renewable energy in its portfolio. A suspension of dividends is ongoing, with a review set for the next board meeting.
Empire State Realty Trust (NYSE: ESRT) has secured a new lease with Zentalis Pharmaceuticals for a 31,362 square foot office space at 1359 Broadway. Zentalis aims to create a sustainable and healthy workplace, focusing on innovative cancer treatments. The building, consisting of 22 stories with ample amenities, reflects ESRT's commitment to energy efficiency and sustainability. ESRT's portfolio includes 10.1 million rentable square feet, with significant achievements in health and safety ratings. This new lease signifies growth in ESRT's performance and tenant satisfaction.
Empire State Realty Trust (NYSE: ESRT) has signed a new long-term office lease with Burlington Stores, expanding its space at 1400 Broadway from 35,182 to 68,307 square feet. Burlington Stores is an established off-price retailer that has rented in the building since 2010. The building boasts modern amenities including a new tenant lounge and advanced environmental technologies. ESRT emphasizes its commitment to sustainability and health, holding several leading certifications. The expansion indicates a strengthening partnership between ESRT and Burlington as both companies pursue growth.
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