Empire St Rlty Tr Inc Stock Price, News & Analysis

The Empire State Building (ESB) launched ESB SIMON®, an interactive game for Halloween that allows families and fans to compete via the building's iconic lights. The game, inspired by Hasbro's SIMON, takes place on Halloween night from 8:00 p.m. to 9:00 p.m., enabling up to 100,000 players to join live. Participants can view the game from New York or New Jersey and must repeat increasingly complex color sequences. An 'Infinite Play' mode is also available leading up to the event, providing a way to practice memory skills.

Empire State Realty Trust (NYSE:ESRT) reported its third-quarter 2020 results, revealing a net loss of $0.05 per share. Core Funds From Operations stood at $0.12 per share. The Company collected 94% of its third-quarter billings, with 96% from office tenants. Liquidity remains strong at $1.5 billion. Same-Store Property Cash NOI increased 9.3% while it reduced property operating expenses by $26 million year-to-date. Notably, the Company suspended its third and fourth quarter dividends, citing no taxable income for 2020. It also received the WELL Health-Safety rating for its commercial portfolio.

Empire State Realty Trust (NYSE: ESRT) has signed a direct lease with Centric Brands for 212,154 square feet at the Empire State Building. This space was previously occupied by Global Brands Group. Centric Brands' decision to commit long-term to ESB follows their reorganization efforts. The leadership expressed gratitude for the collaboration among all parties involved in the deal. ESRT continues to lead in Indoor Environmental Quality and has achieved the WELL Health-Safety Rating for its commercial portfolio, emphasizing its commitment to tenant safety and business continuity.

Empire State Realty Trust (NYSE: ESRT) will release its third quarter 2020 financial results on October 28, 2020, after market close. A conference call to discuss the performance will occur on October 29, 2020, at 12:00 PM ET. Participants can access the earnings release and supplemental materials on the company's website prior to the call. Interested parties can join the call via phone or through a webcast available in the 'Investors' section of the website. The call will be replayed for 90 days post-event.

The Empire State Building (ESB) Observatory is offering couples in the Tri-State area a unique opportunity for complimentary photography on October 10, 2020. This initiative aims to celebrate love amid the COVID-19 pandemic, allowing couples to capture moments 1,050 feet above New York City. Professional photographers will be present from 11 a.m. to 4 p.m. to take up to five photos per couple with ticket purchase. ESB's President Jean-Yves Ghazi emphasized the building's long-standing connection to love stories and is inviting locals to create their own iconic memories.

Empire State Realty Trust (NYSE: ESRT) has secured a new lease with Berkley Insurance Company for 63,173 square feet at Metro Center, Stamford, CT, lasting until 2033. This prestigious tenant, rated A+ by Standard & Poors and A.M. Best, will occupy 1.5 floors of the renovated 285,258 square foot property. Notable amenities include a new lobby, gym, and coffee shop. The deal marks a significant addition to a tenant roster that includes leading financial firms. ESRT continues to manage a substantial portfolio of properties across Manhattan and the New York metropolitan area.

The Empire State Building Observatory launched its ninth annual photo contest on September 10, 2020, inviting amateur photographers from the U.S. to submit their best shots of the iconic structure. The contest features public voting for the Grand Prize, which includes $5,000 and two FlyNYON flight tickets. Submissions are accepted until November 5, 2020. Winners will be chosen from eight categories, emphasizing diverse photography styles. The recent $165 million renovation enhances the visitor experience, making the Observatory a prime attraction in New York City.

The Empire State Building (ESB) will reopen its Observatory on July 20, 2020, following New York's Phase 4 guidelines. Over 100 employees are being recalled for training in new safety protocols. The Observatory, recently revamped at a cost of $165 million, will operate at reduced capacity, limiting visitors to 500 at a time. Safety measures include contactless temperature checks, mandatory facial coverings, and enhanced air quality standards. The reopening aims to provide a unique experience for New Yorkers while ensuring compliance with health regulations.

Empire State Building hosted its first synchronized fireworks display on July 4, 2020, marking a historic event for New York City. Fireworks were launched from its 72nd, 103rd floors, and 86th Floor Observation Deck, synchronized to the music of Frank Sinatra’s 'New York, New York.' The show was part of Macy's Annual Fireworks Spectacular, designed by lighting expert Marc Brickman. Empire State Realty Trust announced the upcoming opening of its $165 million observatory, focusing on environmental quality, enhancing the visitor experience as NYC reopens.