Empire State Realty Trust, Inc.
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New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances. The real estate investment trust (REIT) reported second-quarter funds from operations (FFO) of $57 million, or 21 cents per share, marking a loss of $25.8 million or 15 cents per share from the same period a year ago.
Commercial Observer reports Empire State Realty Trust (ESRT) is marketing 1359 Broadway for sale. The 22-story, 486,000 sq ft building could fetch about $225 million, or $463 per sq ft, with no attached debt. It is 95% leased, including SLCE Architects and Infinium Wall Systems. ESRT recently bought Midtown land and agreed to other acquisitions.
Empire State Realty Trust (ESRT) is marketing its mixed-use property at 1359 Broadway for sale, seeking about $225 million, according to sources cited by Commercial Observer. The 486,000 sq ft, 22-story office and retail building is about 95% leased. Recent leases include Infinium Wall Systems and ESRT deals in Q2 2025. No debt encumbers the property.
Recent ESRT coverage spans financial news, mergers & acquisitions and earnings.
The impairment and reduced 2026 core FFO assumptions signal a near-term earnings headwind tied to tourism demand, despite stable leasing elsewhere.
Potential sale of a large, mostly leased Midtown office asset could change ESRT’s near-term liquidity and office exposure.
A planned asset sale is a capital-recycling catalyst that can shift ESRT’s balance sheet and near-term earnings power, but deal certainty and timing are unclear.
The disclosed lease supports ESRT’s occupancy narrative and near-term leasing momentum, but it is not a balance-sheet or earnings datapoint in the article.
LaSalle's increased stake suggests confidence in ESRT's long-term prospects, potentially signaling positive sentiment among institutional investors.
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.
New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances. The real estate investment trust (REIT) reported second-quarter funds from operations (FFO) of $57 million, or 21 cents per share, marking a loss of $25.8 million or 15 cents per share from the same period a year ago.
6 min readCommercial Observer reports Empire State Realty Trust (ESRT) is marketing 1359 Broadway for sale. The 22-story, 486,000 sq ft building could fetch about $225 million, or $463 per sq ft, with no attached debt. It is 95% leased, including SLCE Architects and Infinium Wall Systems. ESRT recently bought Midtown land and agreed to other acquisitions.
4 min readEmpire State Realty Trust (ESRT) is marketing its mixed-use property at 1359 Broadway for sale, seeking about $225 million, according to sources cited by Commercial Observer. The 486,000 sq ft, 22-story office and retail building is about 95% leased. Recent leases include Infinium Wall Systems and ESRT deals in Q2 2025. No debt encumbers the property.
4 min readUnited Talent Agency (UTA) will lease 101,000 sq ft at the Empire State Building, covering floors 32-35, according to the New York Post. The asking rent was $96 per sq ft, with three consolidated offices totaling 81,000 sq ft. Lease length was not disclosed. Empire State Realty Trust said the building was 96.1% leased at Q1 end.
4 min readLaSalle Investment Management Securities LLC has reported a 5.32% beneficial ownership stake in Empire State Realty Trust (ESRT), totaling 9,058,860 shares, according to an amended SCHEDULE 13G/A filing. The filing, signed on May 18, 2026, indicates LaSalle has sole voting power for 3,519,429 shares and sole dispositive power for all 9,058,860 shares. These holdings are managed across various discretionary accounts, with no single account exceeding a 5% interest in the class.
2 min readPrincipal Financial Group Inc. increased its stake in Empire State Realty Trust, Inc. by 59.6% during the third quarter, acquiring an additional 1,424,066 shares to hold a total of 3,813,895 shares valued at approximately $29.2 million. Other institutional investors like Ameriprise Financial, Goldman Sachs, and Resolution Capital also boosted their positions, contributing to institutional ownership of 67.10% of the company's stock. Empire State Realty Trust, which owns the Empire State Building, recently declared a quarterly dividend of $0.035, yielding 2.1%.
2 min readEmpire State Realty Trust (NYSE:ESRT) shares recently hit a new 52-week low of $6.36 on high trading volume. Analysts have mixed but cautious outlooks, with a consensus "Hold" rating and an average price target of $8.40, despite a recent downgrade by Wells Fargo. The company pays a quarterly dividend of $0.035, yielding 2.2%, and institutional investors hold a significant portion of its shares, with recent increases in positions.
4 min readImage source: The Motley Fool.Thursday, Oct. 30, 2025, at 12 p.m. ETNeed a quote from a Motley Fool analyst? Email pr@fool.comContinue reading ...
3 min readEmpire State Realty Trust ( NYSE:ESRT ) , the real estate investment trust known for its Manhattan office buildings and the Empire State Building Observatory, released its Q2 2025 earnings on July 23, 2025. The key news was GAAP revenue of $191.3 million, topping analyst estimates of $188.5 ...
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