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) 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.
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.
FAQ
What is the current stock price of Empire St Rlty Tr (ESRT)?
What is the market cap of Empire St Rlty Tr (ESRT)?
