Empire State Realty Trust, Inc.
Empire State Realty Trust is a New York City-focused real estate investment trust that owns and operates office, retail and multifamily properties, principally in New York City. As of December 31, 2025, its portfolio included approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Its office properties are in Manhattan, and it also owns entitled land in Stamford, Connecticut. Its principal executive offices are in New York, New York. The company has two reportable segments: real estate and the Empire State Building Observatory. The real estate segment covers ownership, management, operation, acquisition, repositioning and disposition of its properties. The Observatory segment operates the building’s 86th and 102nd floor observatories and earns money by selling tickets to visitors. The company derives real estate revenue primarily from rents, rent escalations, tenant expense reimbursements and other tenant income under leases.
No SEC Form 4 filings for $ESRT in the last 30 days.
See all $ESRT insider activity →Realty Income (O), Empire State Realty Trust (ESRT), and Ryman Hospitality Properties (RHP) reported strong Q3 earnings and raised full-year guidance. O reported 4% AFFO growth and a 5.5% dividend yield. ESRT's office business improved, but its observatory saw a 41% NOI drop. RHP had 11% revenue growth and a 3.6% yield, but entertainment income fell 41%.
Empire State Realty Trust (ESRT) is selling 501 Seventh Avenue, an 84% leased Manhattan office building, for about $150 million. The REIT has invested $54 million in upgrades. Recent sales include 1359 Broadway for $218 million and 250 West 57th Street for $280 million, with proceeds used for debt reduction and share buybacks. ESRT's office occupancy rose to 91.9% in Q3.
Empire State Realty Trust reported 3Q 2026 revenue of $193.05M, down 2.4% YoY, and net income of $3.08M, down 61.4% YoY. Rental revenue increased 2.2%, but Observatory revenue fell 25.6% due to lower visitation. The company sold 250 West 57th Street for $275.0M in June.
Over the past 7 days, AlphAI's AI scored 4 news stories mentioning ESRT (Empire State Realty Trust, Inc.). Coverage has skewed bullish: 2 bullish, 1 neutral, and 1 bearish.
Recent ESRT coverage spans earnings, financial news and corporate actions.
Guidance lift and buyback could buoy the stock.
The sale provides cash to improve the REIT's balance sheet, which may be viewed positively by investors.
Earnings miss and declining observatory revenue suggest near-term price pressure.
Mixed earnings with strong leasing but weaker observatory revenue may pressure the stock.
The new lease adds incremental rental income and signals continued demand for premium office space in Manhattan.
AlphAI scores every news story that mentions ESRT with an AI model for sentiment and relevance, and aggregates insider trades from Empire State Realty Trust, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Realty Income (O), Empire State Realty Trust (ESRT), and Ryman Hospitality Properties (RHP) reported strong Q3 earnings and raised full-year guidance. O reported 4% AFFO growth and a 5.5% dividend yield. ESRT's office business improved, but its observatory saw a 41% NOI drop. RHP had 11% revenue growth and a 3.6% yield, but entertainment income fell 41%.
Empire State Realty Trust (ESRT) is selling 501 Seventh Avenue, an 84% leased Manhattan office building, for about $150 million. The REIT has invested $54 million in upgrades. Recent sales include 1359 Broadway for $218 million and 250 West 57th Street for $280 million, with proceeds used for debt reduction and share buybacks. ESRT's office occupancy rose to 91.9% in Q3.
Empire State Realty Trust reported 3Q 2026 revenue of $193.05M, down 2.4% YoY, and net income of $3.08M, down 61.4% YoY. Rental revenue increased 2.2%, but Observatory revenue fell 25.6% due to lower visitation. The company sold 250 West 57th Street for $275.0M in June.
Empire State Realty Trust (ESRT) reported Q3 office occupancy at 91.9%, up from 89.1% in Q2, driven by 189,477 sq ft of new leases. However, observatory revenue dropped 48.5% YoY, and FFO fell to $51.7M from $59.3M a year earlier. The company is using sale proceeds for buybacks and debt reduction, with cash flow per share as a key focus.
Empire State Realty Trust (ESRT) signed 28,600 sq ft of leases at the Empire State Building in Q3. Architecture firm Corgan expanded to 41,192 sq ft with a 12.4-year lease. Supply chain finance firm Zenyth Advisors took 13,459 sq ft on an 11-year lease. ESRT's Q3 earnings report did not disclose updated asking rents, which were $96/sq ft in July.
ESR Trust (ESRT) reported 21 consecutive quarters of positive mark-to-market rent spreads. The company sold 1359 Broadway for $217.5M, repurchased $85.8M in shares, and plans to pay down debt. Andy Giancamilli joined as President of Empire State Building Observation Deck. Q3 core FFO was $0.20 per diluted share, with same-store property cash NOI up 50 bps YoY.
Empire State Realty Trust (ESRT) reported a 49% reduction in energy use since 2009. The company was recognized by GRESB for high sustainability performance. ESRT owns and operates office, retail, and multifamily assets in NYC, totaling 7.7 million rentable square feet. The company is a leader in sustainability practices, according to its own statements.
Empire State Realty Trust reported Q3 2026 net income of $0.02 per share and Core FFO of $0.20 per share. The Empire State Building's observation deck generated $15.6M in NOI, with weak visitation. The company leased 189,477 sq ft of office space, with blended leasing spreads up 9.9%. It sold 1359 Broadway for $217.5M and repurchased $85.8M in shares. 2026 Core FFO guidance was raised.
Empire State Realty Trust (ESRT) repurchased $85.8M of shares at an average price of $4.56 per share. It also sold 1359 Broadway for $217.5M post-quarter. The company did not provide year-over-year earnings comparisons in its update.
Empire State Realty OP, L.P. (ESBA) filed an SEC Form 8-K — Results of Operations and Financial Condition. EMPIRE STATE REALTY TRUST ANNOUNCES THIRD QUARTER 2026 RESULTS – Net Income Per Fully Diluted Share of $0.02 – – Core FFO Per Fully Diluted Share of $0.20 – – Leased Over 189,000 Square Feet – – Completed Disposition of 1359 Broadway for $217.5M – – Repurchased $85.8 million of C
