Why Invest

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building – “the World’s Most Famous Building” – and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US for the second year in a row, in Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best.  The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality.  As of June 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 718,000 rentable square feet of retail space and 721 residential units across three multifamily properties.  More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on FacebookInstagramTwitter and LinkedIn.

 

100% Renewable Wind Energy

Entire portfolio is 100% powered by renewable wind energy and is the nation’s largest 100% user of green power in real estate per the EPA

Fitwel Champion

89% of Manhattan portfolio is certified a rigorous third-party building certification system that supports healthier workplace environments to help improve occupant health and productivity

GRESB 5 Star Rating

Achieved GRESB 5 Star Rating, Green Star Recognition for the second consecutive year with a score of 95

WELL Health-Safety rating

First commercial portfolio in the Americas to achieve the WELL Health-Safety rating, an evidence based third-party verified rating of the health and safety policies and protocols for new and existing buildings

9.3 Million Square Foot Office & Retail Portfolio

Fully modernized, energy efficient with Indoor Environmental Quality leadership centrally located near mass transit

Manhattan portfolio value proposition

Substantially lower price point versus rents for new construction/aged Class A properties, and offer much more value than Class B properties

$1.2 Billion of Liquidity

Comprised of $315M cash plus $850M undrawn capacity on revolving credit facility

$66 Million Contracted Initial Cash Revenues 

From signed leases that have not yet commenced and burn off of free- rent through 2027

Upside from Observatory performance restoration

Pre-COVID, Observatory generated $129 million in annual revenue