LaSalle files 5.32% stake in Empire State Realty Trust (ESRT)

Rhea-AI Filing Summary

Empire State Realty Trust, Inc. ownership update: LaSalle Investment Management Securities LLC reports beneficial ownership of 9,058,860 shares, representing 5.32% of the class. The filing states LaSalle has sole voting power for 3,519,429 shares and sole dispositive power for 9,058,860 shares. The securities are held in discretionary accounts managed by LaSalle; no single account holds more than 5.0% of the class. The filing is signed on 05/18/2026.

Insights

Institutional Ownership Analyst

LaSalle reports a passive >5% stake via discretionary accounts.

LaSalle Investment Management Securities LLC certifies beneficial ownership of 9,058,860 shares (5.32%) with sole dispositive power over those shares and sole voting power for 3,519,429 shares. The filing identifies the holdings as managed across discretionary accounts, and it states no single account exceeds 5%.

The disclosed position is a snapshot of institutional ownership; subsequent filings may show changes. Cash‑flow treatment and any plans to acquire or dispose are not detailed in the excerpt.

Key Figures

Beneficial ownership: 9,058,860 shares Percent of class: 5.32% Sole voting power: 3,519,429 shares +2 more

5 metrics

Beneficial ownership 9,058,860 shares reported in Schedule 13G/A

Percent of class 5.32% percent of class reported by LaSalle

Sole voting power 3,519,429 shares shares with sole power to vote

Sole dispositive power 9,058,860 shares shares with sole power to dispose

Signature date 05/18/2026 date signature executed on amendment

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power, Discretionary accounts

4 terms

Schedule 13G/A regulatory

"Amendment No. 1; LaSalle Investment Management Securities LLC reports beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Amount beneficially owned: 9058860 (b) Percent of class: 5.32 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Sole Dispositive Power 9,058,860.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Discretionary accounts financial

"beneficially owned by one or more discretionary accounts managed by LaSalle Investment Management Securities, LLC"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Empire State Realty Trust, Inc.

(Name of Issuer)

Empire State Realty Trust Inc

(Title of Class of Securities)

292104106

(CUSIP Number)

02/26/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 292104106

1

Names of Reporting Persons

LASALLE INVESTMENT MANAGEMENT SECURITIES LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,519,429.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,058,860.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,058,860.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Empire State Realty Trust, Inc.
(b)	Address of issuer's principal executive offices: 111 WEST 33RD STREET, 12TH FL, 111 WEST 33RD STREET, 12TH FL, NEW YORK, NEW YORK, 10120.
Item 2.
(a)	Name of person filing: LaSalle Investment Management Securities LLC
(b)	Address or principal business office or, if none, residence: 650 S. Exeter Street, Suite 800, Baltimore, MD 21202
(c)	Citizenship: United States
(d)	Title of class of securities: Empire State Realty Trust Inc
(e)	CUSIP No.: 292104106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9058860
(b)	Percent of class: 5.32 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3519429
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9058860
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities reported on this Schedule are beneficially owned by one or more discretionary accounts managed by LaSalle Investment Management Securities, LLC. No single account managed has an interest in more than five percent of the class of securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LASALLE INVESTMENT MANAGEMENT SECURITIES LLC

Signature:	Joselyn Garcia
Name/Title:	Senior Compliance Associate
Date:	05/18/2026

FAQ

What stake does LaSalle (ESRT) report in this Schedule 13G/A?

LaSalle reports beneficial ownership of 9,058,860 shares, representing 5.32% of Empire State Realty Trust's class, per the filing signed 05/18/2026.

How much voting power does LaSalle hold in ESRT?

LaSalle reports sole voting power over 3,519,429 shares of ESRT, as stated in the Schedule 13G/A filed on 05/18/2026.

Does any single LaSalle account own more than 5% of ESRT?

No. The filing states the securities are in discretionary accounts managed by LaSalle and that no single account has an interest exceeding 5% of the class.

Who filed the Schedule 13G/A for ESRT and when was it signed?

The filing was made by LaSalle Investment Management Securities LLC and signed by Joselyn Garcia, Senior Compliance Associate on 05/18/2026.

What does 'sole dispositive power' mean in this filing?

It indicates LaSalle has the exclusive authority to decide on the disposition of 9,058,860 shares of ESRT, as reported in the Schedule 13G/A signed 05/18/2026.