Empire State Realty Trust, Inc. (ESRT) Q1 2025 Earnings Call Transcript |
Empire State Realty Trust, Inc. (NYSE:ESRT ) Q1 2025 Earnings Conference Call April 30, 2025 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate and Secretary Tony Malkin – Chairman and Chief Executive Officer Thomas Durels – Executive Vice President-Real Estate Steve Horn – Executive Vice President, Chief Financial Officer and Chief Accounting Officer Christina Chiu – President Conference Call Participants Steve Sakwa – Evercore ISI Regan Sweeney – BMO Capital Markets Blaine Heck – Wells Fargo Seth Bergey – Citi Dylan Burzinski – Green Street Operator Greetings, and welcome to the Empire State Realty Trust First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-04-30 20:00:20 |
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Empire State Realty Trust Announces First Quarter 2025 Results |
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 that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year– in Tripadvisor's 2024 Travelers' Cho. |
businesswire.com |
2025-04-29 20:15:00 |
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Empire State Realty Trust Publishes 2024 Sustainability Report with Major Achievements, Targets, and Metrics |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) published its annual Sustainability Report that features major awards and achievements, data-based goals, and transparent metrics for sustainability, energy efficiency, and corporate social responsibility throughout its portfolio. "The annual Sustainability Report reflects our continued leadership in sustainability in real estate and proven performance as industry leaders in energy efficiency and healthy buildings with prov. |
businesswire.com |
2025-04-23 13:17:00 |
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Powell On The Hot Seat |
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough." |
seekingalpha.com |
2025-04-20 13:00:00 |
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Carolina Herrera, Ltd. Signs Renewal and Expansion Lease with Empire State Realty Trust for 34K Square Feet at 501 Seventh Avenue |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 34K square foot expansion and renewal lease with Carolina Herrera, Ltd. – a high-end New York City fashion house and subsidiary of Puig Brands – at 501 Seventh Avenue. "Carolina Herrera remains deeply committed to the New York Fashion District and continues to play a vital role in the fashion ecosystem that the neighborhood nurtures,” said Emilie Rubinfeld, president at Carolina Herrera. “Th. |
businesswire.com |
2025-04-17 20:15:00 |
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Gerson Lehrman Group, Inc. Signs 77,382 Square Foot Renewal Lease at One Grand Central Place |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 77,382 square foot renewal lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global information services consulting company – at One Grand Central Place. GLG joined the ESRT portfolio in 2013 and now occupies two full floors overlooking Vanderbilt Plaza. "One Grand Central Place's unmatched location and office environment have created an ideal headquarters for GLG to convene the. |
businesswire.com |
2025-04-16 21:05:00 |
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2 Beaten-Down Dividend Stocks You Can Buy Right Now |
The S&P 500 remains close to correction territory, and there are some excellent bargains to be found in the stock market right now. And not just when it comes to beaten-down technology stocks. |
fool.com |
2025-04-02 11:11:00 |
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Empire State Realty Trust Achieves WELL Health-Safety Leadership Award for Second Consecutive Year |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it received the 2024 IWBI WELL Health Safety Leadership award for its prioritization of building occupant health and well-being and achievement of WELL Health-Safety Rating across 100% of its portfolio in each year of participation since 2020. “ESRT has long been an industry leader in quantitative energy, sustainability and indoor environmental quality performance, which deliver measurable value for our. |
businesswire.com |
2025-03-31 20:30:00 |
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Empire State Realty Trust: Low Multiple, Dramatic Selloff |
Empire State Realty Trust has been dipping and now trades at a 9.3x price to 2025 guided FFO multiple. ESRT's Manhattan office occupancy rate ended its fiscal 2024 fourth quarter at 89% with positive leasing spreads of 10.8%. The REIT faces no debt maturities in 2025 and had $900 million in liquidity as of the end of its fourth quarter. |
seekingalpha.com |
2025-03-23 11:52:59 |
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Empire State Realty Trust Announces Dates for First Quarter 2025 Earnings Release and Conference Call |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dates for First Quarter 2025 Earnings Release and Conference Call. |
businesswire.com |
2025-03-20 18:05:00 |
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Empire State Realty Trust Announces Dividend for First Quarter 2025 |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dividend for First Quarter 2025. |
businesswire.com |
2025-02-28 13:16:00 |
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Why I Don't Invest In REIT ETFs |
Passive beats active in most cases. REITs are an exception. I explain why I follow an active strategy when investing in REITs. |
seekingalpha.com |
2025-02-25 10:25:00 |
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Empire State Realty Trust, Inc. (ESRT) Q4 2024 Earnings Call Transcript |
Empire State Realty Trust, Inc. (NYSE:ESRT ) Q4 2024 Earnings Conference Call February 20, 2025 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate & Secretary Tony Malkin - Chairman & Chief Executive Officer Tom Durels - Executive Vice President-Real Estate Christina Chiu - President Steve Horn - Executive Vice President, Chief Financial Officer & Chief Accounting Officer Conference Call Participants Steve Sakwa - Evercore ISI Michael Griffin - Citi Blaine Heck - Wells Fargo John Kim - BMO Capital Markets Dylan Burzinski - Green Street Operator Greetings, and welcome to the Empire State Realty Trust Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-02-20 17:45:01 |
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Leasing momentum in Manhattan is super strong, says Empire State Realty Trust CEO |
Anthony Makin, Empire State Realty Trust chairman and CEO, joins 'The Exchange' to discuss the impact of congestion pricing in Manhattan, the return to office story, and insights behind the company's softer guidance. |
youtube.com |
2025-02-20 16:17:14 |
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Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results. |
businesswire.com |
2025-02-19 18:15:00 |
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Empire State Realty Trust Announces 2024 Tax Treatment of Its Distributions |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces 2024 Tax Treatment of Its Distributions. |
businesswire.com |
2025-01-27 18:50:00 |
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Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns |
ESRT gets a buy rating, more bullish than the consensus, as macro and micro-level growth factors drive future upside potential. A strong profit margin vs peers, and stable positive cash flow per share, add to the upside case. This stock does not have a strong 5-year dividend growth CAGR, for investors focused on proven dividend growth stocks. |
seekingalpha.com |
2025-01-20 03:07:49 |
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Empire State Realty Trust Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call |
NEW YORK--(BUSINESS WIRE)--EMPIRE STATE REALTY TRUST ANNOUNCES DATES FOR FOURTH QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL. |
businesswire.com |
2025-01-15 18:15:00 |
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My Top 10 REITs For 2025 |
Over 15 years, I've seen the REIT sector evolve, allowing small investors to own diverse properties like cell towers, data centers, and casinos. Inspired by Warren Buffett, I analyze REITs by their competitive advantages and financials, focusing on those with wide moats and trading at a margin of safety. My Top 10 REITs for 2025 include EastGroup, Terreno Realty, Rexford Industrial, VICI Properties, American Tower, Realty Income, Ryman Hospitality, Alexandria Real Estate, Americold, and NNN REIT. |
seekingalpha.com |
2024-12-31 09:00:00 |
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Empire State Realty Trust Is A Way To Go Long New York City |
Empire State Realty Trust has surged 16% in the past year, driven by Manhattan's office market recovery and increasing return-to-office mandates. ESRT's fiscal 2024 third-quarter revenue rose 4.2% year-over-year, fueled by its diversified portfolio, including the iconic Empire State Building. The REIT's strong FFO growth, record free cash flow, and strategic acquisitions position it well for future expansion and increased occupancy rates. |
seekingalpha.com |
2024-12-15 03:44:07 |
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Empire State Realty Trust Announces Dividend for Fourth Quarter 2024 |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dividend for Fourth Quarter 2024. |
businesswire.com |
2024-12-06 14:50:00 |
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The State Of REITs: November 2024 Edition |
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3.89%) and small caps (-4.62%) were deeper in the red. 72.90% of REIT securities had a negative total return in October. |
seekingalpha.com |
2024-11-25 11:04:15 |
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Hecker Fink LLP Expands 26,782 Square Feet with Empire State Realty Trust for a Total of 54k Square Feet at the Empire State Building |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced last week that it signed a full floor, 26,782 square foot expansion lease with law firm Hecker Fink LLP for a total of 53,779 square feet of office space across two floors at the iconic Empire State Building (ESB). "We're excited to expand to a second floor of the Empire State Building, an iconic building that has been our home for the past seven years,” said Sean Hecker and Julie Fink, founding partners, Hecker F. |
businesswire.com |
2024-10-29 19:49:00 |
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Empire State Realty Trust, Inc. (ESRT) Q3 2024 Earnings Call Transcript |
Empire State Realty Trust, Inc. (NYSE:ESRT ) Q3 2024 Earnings Conference Call October 22, 2024 12:00 PM ET Company Participants Jason McGrath – Senior Associate Investor Relations Tony Malkin – Chairman and Chief Executive Officer Tom Durels – Executive Vice President-Real Estate Christina Chiu – President Steve Horn – Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Steve Sakwa – Evercore ISI John Kim – BMO Capital Markets Blaine Heck – Wells Fargo Michael Griffin – Citi Dylan Burzinski – Green Street John Kim – BMO Capital Markets Operator Greetings, and welcome to the Empire State Realty Trust Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-10-22 18:44:01 |
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Empire State Realty Trust Announces Third Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of 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 that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year– in Tripadvisor's 2024 Travelers' Choice Awards: Best of the Be. |
businesswire.com |
2024-10-21 20:15:00 |
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Empire State Realty Trust Welcomes Four New Tenants to Its Retail Portfolio; Adds New ESB Observatory Ticketing Center |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it welcomed four new tenants to its retail portfolio and plans to open a new ticketing center at the world-famous Empire State Building Observatory. ESRT expanded its curated food and beverage offerings with Alidoro, an Italian specialty sandwich shop, and Omakase restaurant Roppongi 37. Alidoro signed a new lease for a 1,156 square foot space at the Empire State Building. They will join other retailers. |
businesswire.com |
2024-10-07 21:26:00 |
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Empire State Realty Trust Announces Dates for Third Quarter 2024 Earnings Release and Conference Call |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2024 financial results on Monday, October 21, 2024, after the close of markets on the New York Stock Exchange. A conference call will be held on Tuesday, October 22, 2024, 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. T. |
businesswire.com |
2024-09-23 20:15:00 |
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ESRT vs. NHI: Which Stock Is the Better Value Option? |
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Empire State Realty Trust (ESRT) and National Health Investors (NHI). But which of these two stocks is more attractive to value investors? |
zacks.com |
2024-09-20 16:46:11 |
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Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratio |
We have screened bargain stocks JD, ZIM, PAM, HG and ESRT based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential. |
zacks.com |
2024-09-16 12:10:56 |
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Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point |
Empire State Realty Trust offers investors exposure to NYC real estate, including office, retail, and multifamily properties, and the iconic Empire State Building. The REIT's diverse portfolio includes significant rentable office and retail space, along with 727 residential units, providing a balanced investment opportunity. Q2'24 results came in better than expected and the near-term outlook looks strong with occupancy gains ahead for the office portfolio. |
seekingalpha.com |
2024-09-10 08:09:14 |
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ESRT vs. NHI: Which Stock Should Value Investors Buy Now? |
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Empire State Realty Trust (ESRT) and National Health Investors (NHI). But which of these two stocks offers value investors a better bang for their buck right now? |
zacks.com |
2024-09-04 16:41:15 |
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ESRT or CUBE: Which Is the Better Value Stock Right Now? |
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Empire State Realty Trust (ESRT) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now? |
zacks.com |
2024-08-19 16:41:39 |
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Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios |
We have screened bargain stocks MHO, NHYDY, GBX, HPE and ESRT based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential. |
zacks.com |
2024-08-12 12:56:12 |
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ESRT or CUBE: Which Is the Better Value Stock Right Now? |
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Empire State Realty Trust (ESRT) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now? |
zacks.com |
2024-08-01 16:41:34 |
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Empire State Realty Trust, Inc. (ESRT) Q2 2024 Earnings Call Transcript |
Empire State Realty Trust, Inc. (NYSE:ESRT ) Q2 2024 Results Conference Call July 25, 2024 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate & Secretary Tony Malkin - Chairman & Chief Executive Officer Tom Durels - Executive Vice President, Real Estate Steve Horn - Executive Vice President, Chief Financial Officer & Chief Accounting Officer Christina Chiu - President Conference Call Participants Steve Sakwa - Evercore John Kim - BMO Capital Markets Michael Griffin - Citi Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Dylan Burzinski - Green Street Operator Greetings, and welcome to the Empire State Realty Trust Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-07-25 20:59:06 |
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The Empire State Building Observatory #1 Attraction in the World in Tripadvisor 2024 Travelers' Choice Awards |
NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) announced today that it was named the #1 Attraction in the World in Tripadvisor's 2024 Travelers' Choice Awards: Best of the Best Things to Do, and #1 Attraction in the U.S. for the third consecutive year. The Empire State Building Observatory has more than 60,000 5-star reviews. Guests say they are wowed by the authenticity of the “World's Most Famous Building,” its interactive exhibits, and incredible views. Reviewers deem a visit to. |
businesswire.com |
2024-06-25 19:17:00 |
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Empire State Realty Trust Announces Dates for Second Quarter 2024 Earnings Release and Conference Call |
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its second quarter 2024 financial results on Wednesday, July 24, 2024, after the close of markets on the New York Stock Exchange. A conference call will be held on Thursday, July 25, 2024, at 12:00 p.m. Eastern Time. During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period. T. |
businesswire.com |
2024-06-24 20:15:00 |
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A Spectacle in NYC: Empire State Building Debuts 270-Foot Vhagar the Dragon Coiled Around the Building's Mast, in Partnership with Max |
NEW YORK--(BUSINESS WIRE)--A 270-foot-long dragon has landed in the center of New York City – atop the iconic Empire State Building (ESB). In partnership with Max, ESB has acknowledged that Vhagar the Dragon has coiled herself around its mast just as ESB and Max cap off their weeklong “House of the Dragon” takeover. The best views of Vhagar are in Manhattan from the south of ESB, and unique selfie moments are available from ESB itself where she scans for prey with her huge head extended over th. |
businesswire.com |
2024-06-16 18:41:00 |
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