Every 8-K that Empire St Rlty Tr Inc (ESRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ESRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ESRT filings page.
Empire State Realty Trust reported second-quarter 2026 results with a net loss attributable to common stockholders of $(25.8M), or $(0.15) per fully diluted share, driven primarily by a $166.1M goodwill impairment charge related to its Observatory reporting unit, partly offset by a $124.6M gain on the disposition of 250 West 57th Street. Total revenues were $196.9M, up modestly from $191.3M a year earlier. Core Funds From Operations were $0.21 per fully diluted share.
Same-store Property Cash NOI excluding lease termination fees was $69.4M, up 3.3% year-over-year, though adjusted for approximately $4.0M of non-recurring real estate tax abatements it declined 3.2%. The total commercial portfolio was 94.9% leased and 89.4% occupied, and the company signed 381,799 square feet of commercial leases, with office leasing spreads of +17.8%. The Empire State Building Observatory generated NOI of $12.4M on 450,000 visitors, with visitors down 28.5% year-over-year.
The company completed the sale of 250 West 57th Street for $275M, including the buyer’s assumption of $180M of mortgage debt, and acquired the land under 111 West 33rd Street and 1400 Broadway for $110M. As of June 30, 2026, total liquidity was $0.5B (including $86M of cash), total debt was about $2.2B, and net debt to Adjusted EBITDA was 6.6x. The company updated its 2026 Core FFO per fully diluted share range to $0.75–$0.79 from $0.85–$0.89, assuming Observation Deck NOI of $55M with no improvement in current visitation levels.
Empire State Realty OP, L.P., with Empire State Realty Trust, Inc. as general partner, entered into a First Amendment to its Amended and Restated Credit Agreement with Wells Fargo Bank and a lender group on July 17, 2026. The amended agreement provides a term loan and a delayed draw term loan facility (together, the Facility) with an initial maximum principal amount of up to $490 million, consisting of a $245 million term loan and a $245 million delayed draw term loan. The term loan was fully borrowed before closing, while the delayed draw facility may be drawn during the six months following the closing date. The Operating Partnership may increase aggregate term loan capacity, including through new pari passu tranches, to a maximum of $510 million, to be used for working capital, capital expenditures, acquisitions, and development or redevelopment of real estate, as well as other general corporate purposes.
Amounts outstanding under the Facility bear interest at a floating rate based on either term or daily SOFR plus a spread of 1.50%–2.05%, or a base rate plus 0.50%–1.05%, in each case depending on leverage. If investment-grade ratings are achieved, amounts outstanding under the revolving credit facility may instead bear SOFR plus 0.80%–1.60% or base rate plus 0.00%–0.60%, based on credit ratings. The Operating Partnership will pay a 0.20% unused line fee on delayed draw commitments, subject to a 60-day grace period. The term loan facility matures on January 15, 2029, with extension rights to no later than January 15, 2031, while the delayed draw facility matures on January 12, 2032. Loans may be prepaid at any time without premium or penalty. The agreement includes customary covenants and events of default, including loss of REIT status and change of control, under which all outstanding amounts may become immediately due.
Empire State Realty Trust, Inc. furnished an updated investor presentation, dated June 2, 2026, which it plans to use at the Nareit REITweek 2026 Investor Conference. The presentation discusses non-GAAP metrics such as Net Operating Income, Property Cash NOI, Same Store NOI, EBITDA and Adjusted EBITDA, and includes detailed reconciliations to GAAP results.
For the quarter ended March 31, 2026, the materials show net income of $2,995, net operating income of 97,492, total cash NOI including Observatory and lease termination fees of 91,571, and Same Store property cash NOI excluding Observatory and lease termination fees of 74,190. EBITDA and Adjusted EBITDA for the same quarter are each reported at 80,289. The presentation also outlines how the company defines Same Store properties and explains the calculation of Net Debt to Adjusted EBITDA, along with standard forward‑looking statement cautions.
Empire State Realty Trust, Inc. reported results of its 2026 annual shareholders meeting held on May 14, 2026. Stockholders elected all director nominees, approved on a non-binding advisory basis the compensation of named executive officers, and chose to hold future advisory say‑on‑pay votes every year.
Stockholders also approved the Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. 2026 Equity Incentive Plan and ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Empire State Realty Trust reported first quarter 2026 net income of $2.995 million, or $0.01 per fully diluted share, and Core FFO of $0.20 per diluted share. Same-store property cash NOI excluding lease termination fees rose 5.5% year-over-year, or 1.3% after adjusting for about $3.0 million of non-recurring items.
The total commercial portfolio was 93.2% leased and 88.2% occupied as of March 31, 2026. The Empire State Building Observatory generated NOI of $10.6 million in the seasonally light quarter, about $3.5 million lower year-over-year, with gift shop license fees expected to be more weighted to the fourth quarter.
The company acquired a prime Williamsburg retail asset for $46 million, financed 10 Union Square East with a new $53.5 million, 10-year mortgage, and agreed to issue $130 million of 6-year senior unsecured notes. Liquidity totaled $0.6 billion and net debt to adjusted EBITDA was 6.3x. The quarterly dividend was $0.035 per share, and 2026 Core FFO guidance of $0.85–$0.89 per share remained unchanged.
Empire State Realty Trust and its operating partnership entered into a Note Purchase Agreement for a private placement of $130,000,000 aggregate principal amount of 5.99% Series M Senior Notes due July 15, 2032. Funding is scheduled for July 15, 2026 at 100% of principal.
The Notes may be prepaid at par plus a make-whole premium and will be unconditionally guaranteed by certain subsidiaries tied to Material Credit Facilities. The agreement includes leverage and coverage covenants, and the partnership plans to use net proceeds to refinance existing debt and for general corporate purposes.
Empire State Realty Trust, Inc. announced a leadership change in its accounting function. The Board appointed Jean Sutherland as Chief Accounting Officer and principal accounting officer of the company and its operating partnership, effective March 16, 2026. Current Chief Financial Officer Stephen V. Horn will remain CFO and principal financial officer while transferring his Chief Accounting Officer duties to Ms. Sutherland, who will report to him.
Sutherland, age 38, has been Vice President of Financial Reporting and Accounting Policy at the company since June 17, 2024, and previously held senior financial reporting and technical accounting roles at WeWork and Ernst & Young. The company expects to enter into a standard officer indemnification agreement with her, and it reports that there are no special appointment arrangements, family relationships, or related-party transactions requiring disclosure.
Empire State Realty Trust reported steady but mixed results for the fourth quarter and full year 2025 while reshaping its portfolio and balance sheet. Net income was $0.12 per fully diluted share in the fourth quarter and $0.25 for 2025. Core FFO per fully diluted share was $0.23 in the quarter and $0.87 for the year, down from $0.24 and $0.95 in 2024.
Same-store property cash NOI excluding lease termination fees rose 0.9% in the fourth quarter but declined 2.0% for the year; adjusted for non‑recurring 2024 items, it increased 3.4% for the quarter and 0.6% for the year. Office occupancy was 89.9%, and total commercial occupancy 90.3% at December 31, 2025. The Empire State Building Observatory generated NOI of $24.4 million in the fourth quarter and $90.1 million for the year.
The company completed $417 million of all‑cash acquisitions in 2025, including the $386.0 million purchase of 130 Mercer Street in SoHo, and exited its last suburban office property, making the commercial portfolio 100% New York City. ESRT issued $175 million of senior unsecured notes, upsized a term loan by $245 million to 2031, and ended the year with about $0.6 billion of liquidity and net debt to adjusted EBITDA of 6.3x. It repurchased $8.1 million of common stock in 2025, paid a quarterly dividend of $0.035 per share, and guided 2026 Core FFO per fully diluted share to $0.85–$0.89 with year‑end commercial occupancy of 90%–92%.
Empire State Realty Trust, Inc. announced that its board has authorized a new repurchase program of up to $500 million of Class A common stock and Empire State Realty OP, L.P.’s Series ES, Series 60 and Series 250 operating partnership units. The authorization runs from January 1, 2026 through December 31, 2027 and will replace the existing $500 million program covering 2024–2025.
Repurchases may be made through open market purchases or privately negotiated transactions, with the timing and amount dependent on market conditions, regulatory requirements and other factors. The board may suspend, terminate, increase or decrease the authorization at any time without prior notice.