ESRT

Empire State Realty Trust Announces Date of 2024 Annual Meeting of Shareholders

Retrieved on: 
Monday, April 8, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Annual general meeting, Empire State Building, ESRT

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will hold its 2024 Annual Meeting of Shareholders (the “Annual Meeting) on Thursday, May 9, 2024 at 11:00 am ET.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will hold its 2024 Annual Meeting of Shareholders (the “Annual Meeting) on Thursday, May 9, 2024 at 11:00 am ET.
  • The board of directors established the close of business on Friday, March 1, 2024 as the record date for determining shareholders entitled to receive notice of and vote at the Annual Meeting.
  • The meeting will be a hybrid in-person and virtual meeting and take place at State Grill, 21 West 33rd Street, New York, NY 10118 and via audio webcast.
  • Further information regarding the Annual Meeting is set forth in the 2024 proxy statement, which is available on our website at investors.esrtreit.com and filed with the SEC.

Empire State Realty Trust Receives WELL Health-Safety Leadership Award; Becomes Among the First Commercial Office and Multifamily Portfolios in the U.S. to Achieve the WELL Equity Rating Through WELL at Scale

Retrieved on: 
Thursday, March 28, 2024
Environment, Commercial Building & Real Estate, Construction & Property, Interior Design, Alternative Energy, Sustainability, Energy, Architecture, Residential Building & Real Estate, Empire State Building, Health, Culture, Organization, Health equity, International, WELL, Water quality, Atmosphere, ESRT, DEI, Renewable energy

ESRT was the first commercial real estate portfolio in the Americas to achieve the WELL Health-Safety Rating in 2020 and among the first to commit to WELL at scale and inaugural WELL Equity Rating in 2022.

Key Points: 
  • ESRT was the first commercial real estate portfolio in the Americas to achieve the WELL Health-Safety Rating in 2020 and among the first to commit to WELL at scale and inaugural WELL Equity Rating in 2022.
  • “We are excited to celebrate Empire State Realty Trust for its steadfast commitment to people-first places.
  • Not only has it achieved the WELL Health-Safety Rating for the third year in a row, but it has also achieved the WELL Equity Rating across its entire portfolio.
  • The WELL Equity Rating is a roadmap designed to help organizations act on their diversity, equity, inclusion and accessibility goals, and improve company culture and employee health.

Empire State Realty Trust Achieves 2024 ENERGY STAR Sustained Excellence Award

Retrieved on: 
Tuesday, March 26, 2024
Environment, Commercial Building & Real Estate, Construction & Property, Other Energy, REIT, Sustainability, Energy, Tourist Attractions, Travel, Carbon, Empire State Building, Empire, Organization, CLCPA, Greater New York, Partnership, Sale, Commerce, Version 2.0, DOE, ESRT, Renewable energy

Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it achieved the 2024 ENERGY STAR Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy (DOE) for the second consecutive year.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it achieved the 2024 ENERGY STAR Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy (DOE) for the second consecutive year.
  • The achievement highlights ESRT’s consistent ENERGY STAR Partner of the Year recognition for outstanding leadership in environmental and public health initiatives, as 100% of the company’s NYC commercial portfolio is ENERGY STAR certified.
  • Our second achievement of the Sustained Excellence Award reaffirms our leadership and the power of initiatives to ensure our portfolio is future-ready,” said Anthony E. Malkin, chairman and CEO at Empire State Realty Trust.
  • ENERGY STAR award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies.

Empire State Realty Trust Announces Dates for First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Thursday, March 21, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Conference, Empire State Building, ESRT

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its first quarter 2024 financial results on Wednesday, April 24, 2024, after the close of markets on the New York Stock Exchange.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its first quarter 2024 financial results on Wednesday, April 24, 2024, after the close of markets on the New York Stock Exchange.
  • A conference call will be held on Thursday, April 25, 2024, at 12:00 p.m. Eastern Time.
  • During the conference call, the Company’s officers will review first quarter performance, discuss recent events and conduct a question-and-answer period.
  • The earnings release, supplemental and investor presentation will be available prior to the quarterly conference call on the Company's website, www.esrtreit.com , under "Quarterly Results" in the “Investors” section.

Empire State Realty Trust Announces New $715 Million Credit Facility

Retrieved on: 
Monday, March 11, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Bank of America, BofA Securities, Chase Bank, Wells Fargo, Partnership, Bank, Empire State Building, U.S. Bancorp, Bank of Montreal, JPMorgan Chase, ESRT, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.
  • The new revolving credit facility matures on March 8, 2029, inclusive of two six-month extension periods at the option of the Company, and replaces the existing revolving credit facility that was due to mature in March 2025.
  • The term loan facility matures on March 8, 2029, inclusive of two twelve-month extension periods at the option of the Company, and replaces the existing term loan facility that matures in March 2025.
  • “We are pleased with the successful execution of our new credit facility that maintains our strong liquidity position and extends our balance sheet flexibility as we continue to focus on generating stakeholder value,” said Christina Chiu, Empire State Realty Trust’s President.

Empire State Realty Trust Announces Dividend for First Quarter 2024

Retrieved on: 
Friday, March 1, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, ESBA, S60 (software platform), Empire State Building, Empire, ESRT, Partnership

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the first quarter of 2024, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership units.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the first quarter of 2024, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership units.
  • The Board of Directors has declared a dividend of $0.15 per unit for the first quarter of 2024, payable to holders of ESRO’s Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit for the first quarter of 2024, payable to holders of ESRO’s Series 2019 Private Perpetual Preferred Units.
  • The dividends will be payable in cash on March 28, 2024, to stockholders or unitholders, as applicable, of record at the close of business on March 15, 2024.

Empire State Realty Trust to Present at the Citi 2024 Global Property CEO Conference

Retrieved on: 
Monday, February 26, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Citigroup, Empire State Building, Webcast, ESRT, Conference

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Anthony E. Malkin, Chairman and Chief Executive Officer and Christina Chiu, President, will present at the Citi 2024 Global Property CEO Conference on Tuesday, March 5th, 2024, at 8:50 AM Eastern time.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Anthony E. Malkin, Chairman and Chief Executive Officer and Christina Chiu, President, will present at the Citi 2024 Global Property CEO Conference on Tuesday, March 5th, 2024, at 8:50 AM Eastern time.
  • For investors interested in listening to the roundtable discussion, a live audio-webcast in listen-only mode will be provided in the Investor Relations section of the Company’s website at esrtreit.com .
  • A replay of the webcast will be available until March 5th, 2025.

Sol de Janeiro USA Signs 57,203 Square Foot Lease at One Grand Central Place

Retrieved on: 
Wednesday, February 21, 2024
Cosmetics, Retail, Luxury, Commercial Building & Real Estate, Construction & Property, REIT, Partnership, Sol, Empire State Building, Grand Central Madison station, Empire, Multimedia, One Grand Central Place, ESRT, LIRR

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new 11-year office lease with Sol de Janeiro USA – a luxury skincare and beauty brand – for 57,203 square feet at One Grand Central Place .

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new 11-year office lease with Sol de Janeiro USA – a luxury skincare and beauty brand – for 57,203 square feet at One Grand Central Place .
  • Sol de Janeiro is a subsidiary of French beauty brand L’Occitane, who recently signed a separate 9,497 square foot expansion and lease term extension on their existing 20,962 square foot space at ESRT’s 111 W. 33rd Street .
  • View the full release here: https://www.businesswire.com/news/home/20240221089922/en/
    Sol de Janeiro USA Signs 57,203 Square Foot Lease at One Grand Central Place (Photo: Business Wire)
    One Grand Central Place offers 55 stories of modernized, amenitized office space near New York City’s top dining, lodging, and entertainment, as well as convenient in-building access to Grand Central Terminal’s commuter trains, five subway lines, and Grand Central Madison access to LIRR.
  • More information about One Grand Central Place, and current office availability, can be found online .

Empire State Realty Trust Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Acquisition, Empire, Foot, NOI, Series, S60 (software platform), ESBA, ESRT, Partnership

A 17-year 52,116 square foot new lease with Greater New York Mutual Insurance Company, at the Empire State Building.

Key Points: 
  • A 17-year 52,116 square foot new lease with Greater New York Mutual Insurance Company, at the Empire State Building.
  • After the quarter end, a 16-year 67,865 square foot expansion lease with Burlington Merchandising Corporation, at 1400 Broadway.
  • In the fourth quarter, Observatory revenue was $36.2 million and expenses were $9.3 million.
  • For the full year 2023, Observatory revenue was $129.4 million and expenses were $35.3 million.

Empire State Realty Trust Appoints Christina Chiu as President, Stephen V. Horn as Chief Financial Officer & Chief Accounting Officer

Retrieved on: 
Tuesday, February 20, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Senior, Growth, Empire State Building, Real estate, EVP, Multimedia, ESRT, Management

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Executive Vice President, Chief Operating Officer & Chief Financial Officer Christina Chiu has been promoted to President.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Executive Vice President, Chief Operating Officer & Chief Financial Officer Christina Chiu has been promoted to President.
  • Additionally, Senior Vice President, Chief Accounting Officer Stephen V. Horn has been promoted to Executive Vice President, Chief Financial Officer & Chief Accounting Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240220404736/en/
    Empire State Realty Trust Appoints Christina Chiu as President, Stephen V. Horn as Chief Financial Officer & Chief Accounting Officer (Photo: Business Wire)
    “In her nearly four years with ESRT, Christina has grown with experience, led with strength, contributed materially to the sector leading successes of ESRT, and been a great partner.
  • “Steve Horn has been a tremendous asset to ESRT since he joined us in December 2020, and his promotion to Chief Financial Officer & Chief Accounting Officer reflects our view of his capabilities,” said Christina Chiu.