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) is a New York City-focused REIT whose news flow centers on its office, retail, multifamily, and landmark assets, including the Empire State Building. On this page, readers can review company announcements that cover leasing, acquisitions, sustainability milestones, financial reporting, and activity at the Empire State Building Observatory.
ESRT regularly issues leasing updates for its portfolio, including new retail tenants and expansions. Recent releases highlight leases with brands such as HOKA, Tecovas, and Rolex (through Tourneau, LLC) at its North Sixth Street Collection in Williamsburg, Brooklyn, as well as office expansions by tenants like Gerson Lehrman Group, Inc. at One Grand Central Place. These announcements provide insight into demand for ESRT’s properties and the tenant mix across its portfolio.
The company also publishes transaction and investment news, such as its agreement to acquire the Scholastic Building at 555‑557 Broadway in Manhattan’s SoHo submarket. Such releases describe property characteristics, lease terms, and occupancy levels, giving investors context on how ESRT deploys capital within the New York City real estate market.
Another key theme in ESRT’s news is sustainability and building performance. For example, the company has announced that the Empire State Building achieved LEED Platinum certification under the LEED v5 standard, and it discusses energy use reductions and its broader sustainability reporting. In addition, ESRT issues earnings and financial updates, including dates for quarterly results and conference calls, and provides links to supplemental information.
News about the Empire State Building Observatory—such as seasonal events, special tower lightings, and visitor experiences—also features prominently. Investors and observers can use this news feed to follow how ESRT manages its flagship attraction and broader portfolio over time.
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.
Empire State Realty Trust (NYSE: ESRT) announced the renewal of Trexquant Investment's lease at First Stamford Place for 9,805 square feet. Jeffrey H. Newman, senior vice president of ESRT, highlighted the firm's WELL Health-Safety Rating and a GRESB 5 Star Rating, demonstrating its commitment to indoor environmental quality. The company manages a portfolio covering 10.1 million rentable square feet, including 14 office properties across New York and Connecticut. ESRT's achievements in sustainability place it in the top 20% of real estate firms globally.
Empire State Realty Trust (NYSE: ESRT) has secured an eleven-year lease with ClearView Healthcare Partners for 39,067 square feet at 111 West 33rd Street, recapturing space from a previous tenant. This lease reflects ClearView's expansion from their existing 10,539 square feet. ESRT's portfolio is the first in North America to achieve the WELL Health-Safety Rating, underscoring its commitment to indoor environmental quality. As of September 30, 2020, ESRT's portfolio totals 10.1 million rentable square feet, including 9.4 million square feet across 14 office properties.
Empire State Realty Trust (NYSE: ESRT) announced that six properties have achieved Fitwel certification, representing 6.7 million square feet or 83% of its NYC portfolio. Fitwel, a health certification system, is backed by the CDC and GSA, promoting health in buildings. Key properties like the Empire State Building received Fitwel ratings due to health and sustainability achievements. ESRT is also the first in the U.S. to earn WELL Health-Safety Rating, enhancing operational policies for health safety. Additionally, ESRT achieved a GRESB 5 Star Rating in its first assessment, ranking in the top 20% globally.
Empire State Realty Trust (NYSE: ESRT) announced a new repurchase authorization of up to $500 million for its Class A common stock and certain operating partnership units, valid from January 1, 2021, to December 31, 2021. This replaces a previous $500 million plan under which $143 million was repurchased. The board also suspended dividends for Class A and Class B common stock for the first half of 2021 while declaring dividends of $0.15 and $0.175 for preferred units. ESRT continues to focus on operational sustainability, achieving top rankings in the GRESB assessment.
Empire State Realty Trust (NYSE: ESRT) has appointed Grant H. Hill to its Board of Directors, effective November 30. Hill fills a newly created vacancy, expanding the Board from eight to nine members. He brings extensive experience from his role as Vice Chairman of the Atlanta Hawks and his investment firm with over $200 million in commercial real estate. Hill's expertise in branding and entrepreneurial ventures is expected to enhance the Company’s brand development, particularly in its Observatory business.
Empire State Realty Trust (NYSE: ESRT) achieved a GRESB 5 Star Rating and Green Star recognition with a score of 88 in the 2020 GRESB Real Estate Assessment, placing it in the top 20% of respondents. This accomplishment marks ESRT's first participation in GRESB, reflecting over a decade of sustainable practices. The company exceeded peer averages by approximately 10 points and the global average by nearly 20 points. Additionally, ESRT is the first U.S. commercial real estate portfolio to earn the WELL Health-Safety Rating, underscoring its commitment to health, safety, and sustainability.