ESRT

Empire State Realty Trust Announces Dividend for Fourth Quarter 2023

Retrieved on: 
Friday, December 8, 2023
Commercial Building & Real Estate, Construction & Property, REIT, ESBA, Empire State Building, Empire, ESRT, NYSE, Partnership, S60 (software platform), NYSE Arca

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 fourth quarter of 2023, 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 fourth quarter of 2023, 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 fourth quarter of 2023, payable to holders of ESRO’s Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit for the fourth quarter of 2023, payable to holders of ESRO’s Series 2019 Private Perpetual Preferred Units.
  • The dividends will be payable in cash on December 29, 2023, to stockholders or unitholders, as applicable, of record at the close of business on December 18, 2023.

Altrinsic Global Advisors, LLC Relocates Headquarters to Stamford, CT

Retrieved on: 
Monday, December 4, 2023
Building material, Carbon, Fitwell, Stamford Transportation Center, WELL, Wind, Health, ESRT, Empire State Building

STAMFORD, Conn., Dec. 4, 2023 /PRNewswire/ -- Altrinsic Global Advisors, LLC ("Altrinsic") today announced the move of its global headquarters to First Stamford Place in Stamford, CT.

Key Points: 
  • STAMFORD, Conn., Dec. 4, 2023 /PRNewswire/ -- Altrinsic Global Advisors, LLC ("Altrinsic") today announced the move of its global headquarters to First Stamford Place in Stamford, CT.
  • The firm moved from Greenwich, CT, where it had been located since March 2010.
  • "We are excited to begin our next chapter in a brand-new space in Stamford.
  • First Stamford Place offers Class A office space, a coveted location near the Stamford Transportation Center and area airports, and outstanding amenities.

Empire State Building Wins Big with Three Prestigious Awards for Excellence in Building Management, Sustainability, and Community Contributions

Retrieved on: 
Wednesday, November 1, 2023
Commercial Building & Real Estate, Construction & Property, Environment, Carbon, Sustainability, NYSE, ESG, Empire, SVP, Building Owners and Managers Association, Commerce, Empire State Building, Twenty-five Year Award, Community contribution company, Multimedia, Tenant, ESRT, Building management, Manhattan, Tripadvisor, NYSERDA, Manhattan Chamber of Commerce, Property management, Renewable energy, Observatory

Empire State Realty Trust, Inc. (NYSE: ESRT) announced that the world-famous Empire State Building received three prestigious awards which showcase ESRT’s dedication to exemplary tenant experience; modernized, amenity-rich properties; and a world-class brand.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) announced that the world-famous Empire State Building received three prestigious awards which showcase ESRT’s dedication to exemplary tenant experience; modernized, amenity-rich properties; and a world-class brand.
  • “We are thrilled and honored to receive the prestigious BOMA Grand Pinnacle Award,” said Diane Fields, vice president of property management at the Empire State Building.
  • More information about the Empire State Building, and current available office space, can be found online .
  • More information about the Empire State Building Observatory can be found online .

Empire State Realty Trust Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Empire, EBITDA, Acquisition, Exercise, NYSE Arca, ESRT, Partnership, NOI, Starbucks, Series, ESBA, S60 (software platform), Self storage, Commercial property, Security (finance)

A 10-year 143,778 square foot lease with LinkedIn at the Empire State Building.

Key Points: 
  • A 10-year 143,778 square foot lease with LinkedIn at the Empire State Building.
  • LinkedIn will expand by 25,132 square feet and exercise its option to relocate 118,646 square feet, which will bring LinkedIn’s total leased square footage at the Empire State Building to 526,541 square feet.
  • An 11-year 24,640 square foot office lease with Starbucks at the Empire State Building.
  • Observatory revenue for the third quarter of 2023 was $37.6 million and expenses were $9.5 million.

Empire State Realty Trust Ranks First of All 115 Americas’ Listed Companies and Achieves Top GRESB 5 Star Rating for Fourth Consecutive Year

Retrieved on: 
Thursday, October 5, 2023
Environment, Commercial Building & Real Estate, Construction & Property, REIT, Professional Services, Sustainability, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Other Construction & Property, Residential Building & Real Estate, Benchmark, NYSE, Public disclosure, ESG, Empire, Empire State Building, Disclosure, Carbon, DE, ESRT, Renewable energy

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the fourth consecutive year with a score of 92.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the fourth consecutive year with a score of 92.
  • ESRT additionally received a score of 96 and an “A” rating in the Public Disclosure Assessment that measures ESG disclosure activities.
  • ESRT’s overall score ranked first of all 115 listed companies in the Americas, first in the most competitive peer group within the U.S, and scored the highest on its Public Disclosure Assessment.
  • “Our entire company is focused on four priorities: points on the board in leasing, Empire State Building Observatory performance, sustainability, and balance sheet management.

Empire State Realty Trust to Ring the NYSE Opening Bell to Celebrate Its 10th Anniversary as a New York Stock Exchange Listed REIT

Retrieved on: 
Wednesday, October 4, 2023
REIT, Finance, Banking, Professional Services, Construction & Property, Policy, ESRT, Empire State Building, IPO, Empire, NYSE, Carbon, Real estate, Management

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), will ring The Opening Bell® at the New York Stock Exchange (NYSE) on October 4, 2023, in celebration of the Company's 10th anniversary of its Initial Public Offering on the NYSE.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), will ring The Opening Bell® at the New York Stock Exchange (NYSE) on October 4, 2023, in celebration of the Company's 10th anniversary of its Initial Public Offering on the NYSE.
  • “This week, we celebrate ESRT’s first decade as a public company listed on the New York Stock Exchange,” said Anthony E. Malkin, Chairman, President, and Chief Executive Officer.
  • “Since our IPO in October 2013, we have strengthened our business to become a New York City focused REIT with four, diverse verticals – office, the iconic Empire State Building Observatory, retail, and multifamily – and a best-in-class balance sheet.
  • A live feed of Empire State Realty Trust ringing the NYSE Opening Bell (9:29 a.m.

Empire State Realty Trust Announces Acquisition of Prime Retail Asset in Williamsburg, Brooklyn, as Part of Capital Recycling Program

Retrieved on: 
Monday, October 2, 2023
REIT, Environment, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Empire State, Heart, ESRT, NYSE, Empire State Building, Acquisition

The transaction was funded by proceeds from a recent non-core asset disposition in a 1031, tax deferred exchange, and cash from the Company’s balance sheet.

Key Points: 
  • The transaction was funded by proceeds from a recent non-core asset disposition in a 1031, tax deferred exchange, and cash from the Company’s balance sheet.
  • ESRT has now successfully recycled 100% of the proceeds from its divestiture of several suburban office buildings and the Westport Main Street retail assets through 1031, tax deferred exchanges.
  • “This transaction further expands our retail and multifamily portfolios with properties that are well-located in the heart of Williamsburg.
  • Williamsburg is now among the most popular retail markets in New York City, and North 6th street specifically has seen very significant retail absorption over the last decade.”

Empire State Realty Trust Announces Release of Schedule K-3

Retrieved on: 
Thursday, September 28, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, ESRT, Empire State Building, Partnership, NYSE, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its 2022 Schedule K-3 reflecting items of international tax relevance is available online.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its 2022 Schedule K-3 reflecting items of international tax relevance is available online.
  • Unitholders requiring this information may access their Schedule K-3s at www.taxpackagesupport.com/esrop .
  • Certain shareholders (primarily non-U.S. shareholders, shareholders computing a foreign tax credit on their tax return and certain corporate and/or partnership shareholders) may need the information disclosed on Schedule K-3 for their specific reporting requirements.
  • To the extent that Schedule K-3 may be relevant to your U.S. income tax situation, we encourage you to review the information contained in this form, refer to the appropriate U.S. laws and guidance and consult with your tax advisor.

Empire State Realty Trust Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, September 27, 2023
REIT, Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, ESRT, Empire State Building, Conference, NYSE, Online shopping

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2023 financial results on Wednesday, October 25, 2023, 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 third quarter 2023 financial results on Wednesday, October 25, 2023, after the close of markets on the New York Stock Exchange.
  • A conference call will be held on Thursday, October 26, 2023, at 12:00 p.m. Eastern Time.
  • During the conference call, the Company’s officers will review third 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.

Indoor Environmental Quality Maintained Throughout Summer’s Wildfires

Retrieved on: 
Wednesday, September 6, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Empire State Building, Building material, ASHRAE, International, Atmosphere, Smog, Sustainability reporting, ESRT, Health equity, SARS, MERV, Multimedia, WELL, Tenant, Empire, NYSE, EPA, Particulates, Climate, ESG, Health, SVP, CO2, Heating, ventilation, and air conditioning

Empire State Realty Trust, Inc. (NYSE: ESRT) today shared data which demonstrates the importance of its industry-leading indoor environmental quality (IEQ) measures.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) today shared data which demonstrates the importance of its industry-leading indoor environmental quality (IEQ) measures.
  • This summer’s Canadian wildfires caused a record-breaking peak of 117 micrograms per cubic meter of particulate matter (PM2.5) in New York City’s air.
  • Tests showed that ESRT’s proactive IEQ measures maintained the portfolio’s indoor air quality at an average of two (2) micrograms per cubic meter of PM2.5 – 33 fewer micrograms per cubic meter than the minimum requirement set by the U.S. Environmental Protection Agency (EPA).
  • “We originally created our indoor environmental quality program in response to SARS.