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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.
The Empire State Building hosted its 46th Annual Run-Up, presented by Starbucks and powered by the Challenged Athletes Foundation (CAF). Over 650 runners from around the world raced up 1,576 stairs to the 86th Floor Observatory. Ryoji Watanabe of Japan won the Men's Elite heat with a time of 10:34, while Monica Carl of Germany won the Women's Elite heat in 13:30.
The event included various heats for building tenants, media members, and real estate brokers. Starbucks, which has a new Reserve® flagship store in the building, served as the presenting sponsor. CAF, the official charity partner, included athletes with permanent physical disabilities. The Empire State Building lit its tower green to celebrate the event.
Empire State Realty Trust (ESRT) has welcomed four new tenants to its retail portfolio and plans to open a new ticketing center at the Empire State Building Observatory. New tenants include:
1. Alidoro: Italian sandwich shop at Empire State Building (1,156 sq ft)
2. Roppongi 37: Omakase restaurant at 501 Seventh Ave (805 sq ft)
3. Wells Fargo: Financial services at 1350 Broadway (3,587 sq ft)
4. Dave & Adams: Trading card company at 1350 Broadway (4,944 sq ft)
The new 2,174 sq ft ticketing center at the Empire State Building Observatory is set to open in 2025, aiming to improve guest experience at the attraction recently named #1 in the world by Tripadvisor's 2024 Travelers' Choice Awards.
Empire State Realty Trust (NYSE: ESRT) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results on Monday, October 21, 2024, after the close of markets on the New York Stock Exchange. A conference call will be held on Tuesday, October 22, 2024, at 12:00 p.m. Eastern Time.
During the conference call, company officers will review third quarter performance, discuss recent events, and conduct a question-and-answer period. The earnings release, supplemental information, and investor presentation will be available on the company's website prior to the call. A live webcast and replay of the call will be accessible through the company's website. Telephone participation details and playback information are provided for both domestic and international callers.
Empire State Realty Trust (ESRT) and Empire State Realty OP (ESROP) have received notices from the NYSE and NYSE Arca, respectively, for non-compliance with listing standards due to delayed filing of their Q2 2024 Form 10-Q. The delay stems from Ernst & Young's identification of control deficiencies in the design of certain IT general controls relevant to financial statement preparation. Both issuers have six months to regain compliance by filing the Form 10-Q, with a possible additional six-month extension. Failure to comply could lead to suspension and delisting procedures. The companies are working diligently with EY to complete the assessment and file the Form 10-Q as soon as possible.
Empire State Realty Trust (ESRT) has secured two new full-floor office leases at 1350 Broadway, totaling 49,095 square feet. The William Carter Company (Carter's), a children's apparel company, leased 24,592 square feet, while ad tech company Equativ took 24,503 square feet. The building offers access to ESRT's Broadway Campus amenities, including a new tenant lounge and a future rooftop lounge. Located on the Broadway Pedestrian Plaza, 1350 Broadway provides convenient access to transportation, dining, and retail. ESRT's Executive VP of Real Estate, Thomas P. Durels, highlighted the company's strong balance sheet, prime locations, and indoor environmental quality as key factors in attracting high-quality tenants.
The Empire State Building Run-Up (ESBRU) is set to return on Oct. 9, 2024, presented by Starbucks and powered by the Challenged Athletes Foundation. The 46th annual event will see approximately 500 runners race up 1,576 stairs to the 86th Floor Observatory. Lottery registration is open from July 29 to Aug. 9, 2024, with a $175 participation fee for accepted runners.
The event includes heats for elite runners, athletes with disabilities, celebrities, and the public. The Empire State Building houses a Starbucks Reserve® flagship store spanning three floors. The Challenged Athletes Foundation serves as the official charity partner, offering a guaranteed entry for fundraisers.
The Empire State Building has partnered with Max and Sea Bags to transform the fabric from the 270-foot dragon Vhagar, part of the recent HBO's "House of the Dragon" takeover, into -edition recycled tote bags. The initiative repurposes 18,000 square feet of fabric, with a portion of proceeds donated to the Ocean Conservancy.
Each unique tote is made from a combination of dragon material and recycled sail cloth, featuring hand-spliced hemp rope handles and a brass clasp. The bags are individually numbered and come with a certificate of authenticity. This collaboration aligns with the Empire State Building's commitment to sustainability, having already reduced its emissions by 57% since 2007 and aiming for net zero emissions by 2030.
Empire State Realty Trust (NYSE: ESRT) has released its 2023 Schedule K-3, containing international tax information. This document can be accessed online at www.taxpackagesupport.com/esrop. The Schedule K-3 is particularly relevant for non-U.S. shareholders, those claiming foreign tax credits, and certain corporate and partnership shareholders. Shareholders needing this information for their U.S. income tax reporting are encouraged to review the details, refer to relevant U.S. laws, and consult their tax advisors.
Empire State Realty Trust (ESRT) has signed a lease with global management consulting firm Kearney for a 27,866 square foot duplex on the highest office floors of the Empire State Building. The new lease agreement marks Kearney's 100-year anniversary and positions their New York team in a landmark location. The Empire State Building, a fully modernized landmark, offers unparalleled amenities including a tenant-only fitness center, conference center, multiple dining options, and the soon-to-open Empire Lounge. The building is also noted for its premier indoor environmental quality and sustainability measures. Both Kearney's employees and ESRT's representatives expressed enthusiasm about the new arrangement.
The Empire State Building (ESB) announced it has been named the #1 Attraction in the World in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do, and #1 Attraction in the U.S. for the third consecutive year. The ESB Observatory boasts over 60,000 5-star reviews, highlighting its authenticity, interactive exhibits, and breathtaking views. Recently reimagined with a $165 million investment, the Observatory now features a dedicated visitors entrance, an immersive museum with nine galleries, new uniforms for hosts, and an enhanced 102nd Floor Observatory.
ESB attracts global attention through social media and partnerships with brands like HBO’s “House of the Dragon” and Mercedes-AMG Petronas F1. Tripadvisor’s president, Kristen Dalton, praised the Empire State Building for its exceptional achievement, noting that the accolade places it among the top 1% of listings on their site. To celebrate, the Empire State Building’s tower lights will shine in Tripadvisor Green on June 25.
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