Empire State Realty Trust

ESRT

Market cap $925M

Alcoholic beverage company Boston Beer was a contributor for the quarter as industry data improved compared to last year. Children's toy, media, and consumer products creator Mattel was a detractor in the quarter. During the quarter we had no new purchases or exits.

The office REIT sector is bifurcating: true moats and prime locations are separating from distressed, obsolete assets. Alexandria Real Estate, Douglas Emmett, Empire State Realty Trust, and Highwoods are highlighted for durable moats and unique competitive advantages. Deep value opportunities exist where market fear has mispriced assets with irreplaceable locations, fortress balance sheets, or unique cash engines.

U.S. equity markets extended their rebound this week as investors welcomed tentative progress toward de-escalation in the Middle East following several days of dramatic threats of significant escalation. The fragile pause in hostilities temporarily eased fears of a prolonged disruption to global energy supplies and fueled a sharp retreat in oil prices after a surge to four-year highs. Markets also found support from lukewarm inflation data and signs that the U.S. labor market continues to demonstrate resilience despite elevated energy costs and geopolitical uncertainty.

NEW YORK--(BUSINESS WIRE)--Something sweet comes to the top attraction in NYC. The Empire State Building (ESB) announced today that it will partner with Ghirardelli Chocolate Company, beloved chocolate and ice cream shop located on the ground floor of the building, to bring a one-of-a-kind 95th anniversary pop-up to the 86th Floor Observation Deck each day from April 10 through May 10. To mark the milestone anniversary, Ghirardelli Chocolate & Ice Cream Shop created the exclusive Kong Sunda.

Empire State Realty Trust trades at a historically low 5.6x multiple to FFO despite resilient Manhattan leasing and NOI growth. ESRT has maintained positive leasing spreads for 18 consecutive quarters, with its office occupancy at 89.9% and total commercial occupancy at 90.3%. Dividend yield is 2.71%, below the US 10-year Treasury, making ESRT more of an FFO recovery play than an income play.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) acquired a newly constructed, prime retail asset located at 41-55 North 6th Street in Williamsburg, Brooklyn for $46 million at the end of the first quarter. The approximately 22,000 square foot property, currently vacant, is located between Kent and Wythe Avenues and in close proximity to the Company's existing 102,000 square foot portfolio of prime retail assets along North 6th Street. This acquisition, to.

NEW YORK--(BUSINESS WIRE)--Spring is in full swing at the “World's Most Famous Building.” The Empire State Building (ESB) today announced a vibrant lineup of spring events in NYC, which include special experiences, treat pop-ups, and an iconic tower lighting that captures the joy and color of the beautiful season. “The Empire State Building Observation Deck has transformed into a celebration of the season and one of the best things to do in NYC this spring,” said Dan Rogoski, observatory genera.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its first quarter 2026 financial results on Wednesday, April 29, 2026, after the close of markets on the New York Stock Exchange. A conference call will be held on Thursday, April 30, 2026, 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. T.

Top REIT investors are quietly repositioning their portfolios, revealing where the “smart money” sees opportunity. Several clear sector themes are emerging from recent 13F filings. But the biggest surprise may be how much top managers disagree on certain REITs.

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.