Empire State Realty Trust, Inc. filings document the disclosures of a New York City-focused REIT and its operating partnership, Empire State Realty OP, L.P. Form 8-K reports cover operating and financial results, Regulation FD supplemental packages, material agreements, capital-structure matters, financing-related disclosures, share and operating partnership unit repurchase authorizations, and executive officer transitions.
Proxy filings describe annual meeting proposals, director elections, board composition, committee oversight, risk oversight, executive compensation, shareholder engagement and sustainability matters. The filing record also reflects ESRT's REIT structure, Class A common stock, Series ES, Series 250 and Series 60 operating partnership units, and governance disclosures tied to its office, retail, multifamily and Observatory operations.
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.
Cohen & Steers filed an amendment to a Schedule 13G/A reporting beneficial ownership of 9 shares of Empire State Realty Trust, Inc. common stock (CUSIP 292104106).
The amendment lists Cohen & Steers, Inc. and four related entities as filers and states 9 shares held with sole voting and dispositive power. The filing notes these securities are held for the benefit of account holders.
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.
YANG HANNAH Y reported acquisition or exercise transactions in this Form 4 filing.
Empire State Realty Trust director Hannah Y. Yang received an award of 23,856 LTIP Units as equity compensation. These long-term incentive plan units are a class of units of Empire State Realty OP, L.P. and are convertible, after vesting and tax allocations, into Operating Partnership Units and then redeemable for Class A Common Stock or cash on a one-for-one basis at the company’s option.
The new grant increases her directly held LTIP Units to 67,248. The LTIP Units vest in four equal annual installments on each of the first four anniversaries of the grant date, and each vested unit is subject to an additional two-year holding period from its grant date, creating a multi-year alignment with shareholder interests.
Empire State Realty Trust director Christina Van Tassell received a compensation grant of LTIP Units. On the reported date, she was awarded 23,856 LTIP Units of Empire State Realty OP, L.P. at no cash cost, increasing her directly held LTIP Units to 67,248.
The LTIP Units are part of the 2026 Equity Incentive Plan and are designed to convert, upon vesting and sufficient capital account allocations, into Operating Partnership Units that can be redeemed on a one-for-one basis for Class A Common Stock of Empire State Realty Trust, Inc. or cash, at the company’s option.
These LTIP Units vest in four equal annual installments on each of the first four anniversaries of the grant date. Each vested LTIP Unit is also subject to an additional two-year holding period after its grant date, making this a long-term, equity-linked component of director compensation rather than an open-market share purchase or sale.
Empire State Realty Trust director James D. Robinson IV received two grants of LTIP Units on May 15, 2026 as part of equity compensation. One award covered 19,236 LTIP Units and another covered 23,856 LTIP Units, both at a price of $0.00 per unit.
These LTIP Units can convert, after vesting and sufficient capital account allocations, into Operating Partnership Units and then into an equivalent number of Class A Common shares or cash, at the company’s option. One grant vests over four years, and the other over three years and was elected in lieu of cash retainer, with each subject to an additional two-year holding period.
Empire State Realty Trust director George L.W. Malkin received a grant of 23,856 LTIP Units as equity compensation. These long-term incentive plan units are a class of units in Empire State Realty OP, L.P., the company’s operating partnership.
Upon vesting and subject to tax capital account conditions, the LTIP Units can be converted into operating partnership units, which are redeemable for Class A common stock or cash on a one-for-one basis at the company’s option. After this grant, Malkin holds 38,071 LTIP Units directly. The LTIP Units vest in four equal annual installments from the grant date, with each vested unit then subject to an additional two-year holding period.
Empire State Realty Trust director Robert Paige Hood received equity-based compensation in the form of LTIP Units. On May 15, 2026, he was granted 19,236 LTIP Units and a separate award of 23,856 LTIP Units at a price of $0.00 per unit.
The LTIP Units are a class of units in Empire State Realty OP, L.P. that, after vesting and sufficient capital account allocations, can be converted into Operating Partnership Units and then redeemed for Class A Common Stock or cash on a one-for-one basis at the issuer’s option.
One grant vests ratably over four years, while the other vests ratably over three years and was elected in lieu of cash base retainer. Each LTIP Unit is also subject to an additional two-year holding period following its grant date, reinforcing their long-term incentive nature.