---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-151110"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:17:46.985871+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ESRT: Flagstar Bank assumes 313,109 sq ft Signature Bank lease at 1400 Broadway

## Summary
- Flagstar assumes lease through 2039; approx $3/sq ft rent reduction for first 5 years (~1.5% over life).
- ESRT to reverse $5.8M of $6.4M straight-line reserve taken in Q1 2023 during Q2 2023.
- Combined ~$0.02/share impact on 2023 annual FFO; full guidance update with Q2 earnings.
- Lease assumption removes significant vacancy risk at 1400 Broadway property.

## SEC filing metadata
- accession: 0001193125-23-151110
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000119312523151110/0001193125-23-151110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000119312523151110/d455839d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-151110
- JSON: https://secwatch.observer/filing/0001193125-23-151110.json
- Plain text: https://secwatch.observer/filing/0001193125-23-151110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.