Empire State Realty Trust

ESRT

Market cap $1.2B

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced that it signed an 18,230 square foot expansion lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global information services consulting company – for a total footprint of 95,612 square feet at One Grand Central Place. GLG renewed its 77,382 square foot office space at the building in April 2025. The company joined the ESRT portfolio in 2013 and now occupies two full floors which overlook Vanderbilt Pla.

NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) today announced its Holiday Celebration plans include: holiday décor, classic movie screenings, local pop-ups, festive tower lightings, and a holiday takeover with the Radio City Rockettes to celebrate the most wonderful time of the year at New York City's number one attraction. “There is no better place to celebrate the holidays in New York City than at the Empire State Building Observatory,” said Dan Rogoski, General Manager at the Em.

Empire State Realty Trust is trading at an 8.8x multiple against the midpoint of its core FFO guidance for fiscal 2025. This is 24% lower than recently acquired peer PGRE. The Manhattan office-focused REIT saw net operating income from its observatory dip by 10.3% from its year-ago level as international visitors to New York fell. While ESRT's 1.91% dividend yield leaves little to be excited about, the REIT is far too discounted against the positive fundamentals of Manhattan and PGRE.

NEW YORK--(BUSINESS WIRE)--Trick-or-Treat! The Empire State Building (ESB) today announced details for its fall and Halloween festivities with an iconic pop-up, special tower lighting, fall photo corner, exclusive ticket offers and a visit from the Queen of Halloween, Heidi Klum. “The Empire State Building has always been at the heart of New York's holiday celebrations,” said Dan Rogoski, SVP, general manager of the Empire State Building Observatory. “Our fall festivities bring that same energy.

Empire State Realty Trust, Inc. ( ESRT ) Q3 2025 Earnings Call October 30, 2025 12:00 PM EDT Company Participants Heather Lawson - Senior VP, Chief Counsel, Corporate & Secretary Anthony Malkin - Chairman & CEO Thomas Durels - Executive Officer Ryan Kass Stephen Horn - Executive VP, Chief Financial & Accounting Officer Christina Chiu - President Conference Call Participants Manus Ibekwe Seth Bergey - Citigroup Inc., Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Regan Sweeney - BMO Capital Markets Equity Research Presentation Heather Lawson Senior VP, Chief Counsel, Corporate & Secretary " Anthony Malkin Chairman & CEO " Thomas Durels Executive Officer " Ryan Kass " Stephen Horn Executive VP, Chief Financial & Accounting Officer " Christina Chiu President " Manus Ibekwe " Evercore ISI Institutional Equities, Research Division Seth Bergey Citigroup Inc., Research Division " Citigroup Inc., Research Division Blaine Heck Wells Fargo Securities, LLC, Research Division " Wells Fargo Securities, LLC, Research Division Dylan Burzinski Green Street Advisors, LLC, Research Division " Green Street Advisors, LLC, Research Division Regan Sweeney BMO Capital Markets Equity Research " BMO Capital Markets Equity Research[ id="-1" name="Operator" /> Greetings, and welcome to the Empire State Realty Trust Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards: Best of the Best Things to.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with Tourneau, LLC for a 3,709 square foot Rolex retail store at 86 North Sixth Street. The property, located at the southeast corner of Wythe Avenue and North Sixth Street, is part of ESRT's North Sixth Street Collection. “When we first announced our acquisitions on North Sixth Street, many were not aware of the dynamic demand from retailers and customer attraction to the street,”.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it is one of the first companies to achieve the U.S. Environmental Protection Agency's ENERGY STAR NextGen certification, a new recognition that identifies the nation's most energy efficient buildings. “For more than a decade, ESRT has made energy efficiency and healthy buildings a top priority. This NextGen certification recognizes our superior building performance which allows us to attract high-quali.

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with SORA, a groundbreaking Japanese omakase-style restaurant concept, for a 14,430 square foot retail space at One Grand Central Place, directly across from One Vanderbilt. "At SORA, our mission is to share Japan's artistry and hospitality through extraordinary dining experiences,” said Shane Kaji, CEO at Round1 Delicious USA, Inc. “Opening at One Grand Central Place allows us to.

NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) hosted the 47th Annual Empire State Building Run-Up, presented by NYU Langone Health and powered by the Challenged Athletes Foundation (CAF). In several designated heats, more than 200 runners from across the world raced up the building's 1,576 stairs to reach the finish line on the iconic 86th Floor Observatory. “The Empire State Building Run-Up at New York City's number one rated attraction, is a bucket list event and a significant ac.