Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) has signed a full-floor lease with Transit Wireless for 32,499 sq. ft. at 1400 Broadway, New York. This marks Transit Wireless' relocation from 1350 Broadway, where they occupied 24,503 sq. ft. The new office emphasizes employee safety with advanced air quality technology. ESRT achieved a GRESB 5 Star Rating and became the first U.S. real estate portfolio to receive the WELL Health-Safety Rating. 1400 Broadway is strategically located near Herald Square and features superior indoor environmental quality due to upgraded ventilation systems.

Empire State Realty Trust (NYSE: ESRT) has achieved a significant milestone in sustainability by becoming the largest user of green power in real estate, powered entirely by renewable wind energy across its 10.1 million square-foot portfolio. This three-year contract with Green Mountain Energy is expected to save the company over $800,000 in the first year. The initiative will prevent the emission of 450 million pounds of carbon dioxide, demonstrating ESRT's commitment to environmental stewardship. Their properties have received several accolades, including a GRESB 5 Star Rating and the WELL Health-Safety Rating.

Empire State Realty Trust (NYSE: ESRT) announced the lease renewal of Pera Mediterranean Brasserie at One Grand Central Place. This critically acclaimed restaurant is noted for its upscale Eastern Mediterranean cuisine, enhancing the appeal for tenants and visitors alike. The deal reflects the ongoing partnership during challenging times for the restaurant sector, showcasing innovative solutions by ESRT. As of September 30, 2020, ESRT's real estate portfolio includes approximately 10.1 million rentable square feet across office and retail properties, with a strong focus on sustainability.

The Empire State Building (ESB) and iHeartMedia New York have launched a contest to gift a couple a socially distanced wedding on Valentine's Day weekend. Couples whose 2020 wedding plans were disrupted by the pandemic can submit their stories online until February 5, 2021. The winner will have their ceremony on February 13, 2021, at the ESB's 86th Floor Observatory, with wedding attire, rings, and a honeymoon provided. This initiative aims to create unforgettable experiences for couples impacted by COVID-19.

Empire State Realty Trust (NYSE: ESRT) announced the tax treatment of its Class A common stock distributions for 2020. The Company paid dividends in Q1 and Q2, totaling $0.210 per share, but suspended dividends for Q3 and Q4 due to financial constraints. Shareholders are advised to consult their tax advisors for specific tax treatment. The trust continues to manage a diverse portfolio of office and retail properties, including the iconic Empire State Building, covering over 10 million rentable square feet and emphasizes sustainability with high ENERGY STAR certification rates.

Empire State Realty Trust (NYSE: ESRT) has secured two new leases at One Grand Central Place, totaling 49,999 square feet. The law firm Belkin Burden Goldman, LLP signed for 30,598 square feet, while Dime Community Bank expanded its footprint from 3,643 square feet to 19,401 square feet. This growth is highlighted by the property's prime location and recent certifications, including being a Fitwel Champion and achieving the WELL Health-Safety Rating. These developments enhance ESRT's portfolio, which covers over 10.1 million rentable square feet in New York City.

Empire State Realty Trust (NYSE:ESRT) will release its fourth quarter 2020 financial results on February 17, 2021, following market closure. A conference call for discussing these results is scheduled for February 18, 2021, at 1:00 p.m. ET. Investors can access the earnings release and supplemental documents on the company’s website. The trust operates a substantial real estate portfolio comprising 10.1 million rentable square feet, mainly in Manhattan and the New York metropolitan area, emphasizing sustainability with multiple ENERGY STAR certifications.

Empire State Realty Trust (NYSE: ESRT) announced the renewal of Ernest Klein & Co. Gourmet Foods' lease for 6,927 square feet at 77 West 55th Street. This partnership has existed for over 20 years, highlighting the stability of this supermarket in the local community. ESRT manages a portfolio of 10.1 million rentable square feet, encompassing both office and retail spaces. The company has recently emphasized its commitment to sustainability, achieving a GRESB 5 Star Rating, ranking it among the top 20% in sustainability performance for real estate.

The Empire State Building will participate in President-Elect Biden's COVID-19 memorial by displaying a red heartbeat lighting on January 19, from 5:30 p.m. to 2 a.m. This symbolic act aims to honor the lives lost to the pandemic and support emergency workers. The building has also reopened its Observatory Experience, enhancing its role as a symbol of resilience. Empire State Realty Trust (ESRT), which owns the building, continues investments in sustainability and has maintained high ratings in energy efficiency. The Empire State Building ranks as a top travel destination globally.