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 (NYSE: ESRT) owns and operates the Empire State Building along with a portfolio of office and retail properties across Manhattan and the greater New York metropolitan area. The company's news flow reflects its unique position as both a commercial landlord and operator of one of the world's most visited landmarks.
News coverage for ESRT typically includes leasing activity across its office and retail portfolio, with announcements about new tenant signings and expansions at properties in Manhattan, Westchester, Connecticut, and the company's growing Williamsburg retail collection. Property acquisitions represent significant news events as the company expands its New York footprint through strategic purchases.
The Empire State Building generates distinctive news content beyond standard REIT coverage. Tower lighting announcements for holidays, cultural events, and partnerships attract media attention and highlight the building's continued cultural relevance. Observatory updates and visitor experience enhancements provide insight into the tourism revenue segment that distinguishes ESRT from conventional office REITs.
Sustainability achievements represent an important news category for ESRT, which has positioned itself as a leader in green building operations. Announcements about energy efficiency milestones, LEED certifications, and GRESB rankings demonstrate the company's ESG commitment. Earnings releases and SEC filings provide quarterly updates on financial performance, occupancy rates, and funds from operations metrics that REIT investors track closely.
Bookmark this page to follow Empire State Realty Trust developments, from major acquisitions and lease signings to the iconic tower lightings that keep the Empire State Building in the global spotlight.
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.
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.
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