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Empire State Realty Trust shareholders elect directors, approve equity plan at 2026 annual meeting
All 10 director nominees elected; Anthony Malkin received 179.5M for, 7.97M against.
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Empire State Realty Q1 Core FFO $0.20, acquires Williamsburg retail for $46M, refinances $184M
Net income $0.01 per share; Core FFO $0.20 per share for Q1 2026.
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ESRT issues $130M 5.99% senior notes due 2032
$130M aggregate principal of 5.99% Series M Senior Notes due July 15, 2032.
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Empire State Realty Trust appoints Jean Sutherland as Chief Accounting Officer effective March 16, 2026
Jean Sutherland, 38, was appointed CAO and principal accounting officer, effective March 16, 2026.
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ESRT Q4 net income $0.12/sh, Core FFO $0.23/sh; 2025 acquisitions $417M
Q4 net income $0.12 per diluted share; full year $0.25. Core FFO $0.23 Q4, $0.87 full year (vs $0.24 and $0.95 in 2024).
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Empire State Realty Trust authorizes $500M share repurchase program for 2026-2027
Board authorized up to $500M in repurchases of Class A common stock and OP units from Jan 1, 2026 to Dec 31, 2027.
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ESRT agrees to acquire Scholastic Building for $386M; all-cash deal to close Dec 2025
All-cash acquisition of 555-557 Broadway (Scholastic Building) in SoHo for $386M; expected close in Dec 2025.
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Empire State Realty Trust enters $210M term loan facility, matures Jan 2029
Amended & Restated Credit Agreement provides $210M unsecured term loan; can be increased to $310M.
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ESRT Q3 Core FFO $0.23, net income $0.05; reiterates 2025 guidance; occupancy up
Net income of $0.05 per diluted share; Core FFO of $0.23 per share.
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Empire State Realty Trust issues $175M 5.47% senior notes due 2031
$175M aggregate principal of 5.47% Series L Senior Notes due Jan 7, 2031, sold via private placement.
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EVP Real Estate Thomas Durels to transition duties; Kass and Renton named Co-Heads
Thomas Durels to step down as EVP Real Estate by June 30, 2026; will serve as Senior Consultant through June 2027.
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ESRT Q2 2025: net income $0.04/sh, Core FFO $0.22/sh; guidance cut
Net income $0.04 per diluted share; Core FFO $0.22 per fully diluted share.
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ESRT appoints George L.W. Malkin to Board, effective July 13, 2025
George Malkin, son of CEO Anthony E. Malkin, appointed as director; board expanded from 9 to 10.
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Empire State Realty Trust shareholders elect all directors and approve say-on-pay and auditor ratification
All nine director nominees elected with over 170 million votes in favor; broker non-votes of ~9.6 million.
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ESRT Q1 core FFO $0.19 vs $0.21 YoY; net income $0.05; same-store NOI down 1.9%
Net income $0.05 per diluted share; Core FFO $0.19 per share, down from $0.21 in Q1 2024.
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Director Thomas J. DeRosa to retire from Empire State Realty Trust board at 2025 annual meeting
Thomas J. DeRosa will not stand for re-election at the May 15, 2025 Annual Meeting.
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ESRT Q4 Core FFO $0.24/share; 2025 guidance $0.86-$0.89, down from $0.95 in 2024
Net income $0.07 per share in Q4 2024; full year $0.28 per share.
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ESRT extends CEO non-compete to 1 year; hires President Chiu with $760K salary, $750K retention bonus
CEO Anthony Malkin non-compete extended from 6 months to 1 year post-termination.
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ESRT Q3 Core FFO $0.26 beats prior year; guidance raised to $0.92-$0.94
Net income $0.08/diluted share; Core FFO $0.26 vs $0.25 in Q3 2023.
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ESRT extends CEO Anthony Malkin's contract to 2027 with $1M retention bonus
Employment term extended three years to October 7, 2027; auto-renews annually.
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ESRT receives NYSE delisting notice for late Q2 10-Q filing due to IT control deficiencies
Received NYSE (Aug 15) and NYSE Arca (Aug 16) notices for failing to timely file Q2 2024 Form 10-Q.
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ESRT Q2 2024: Core FFO $0.24, net income $0.10; signs 272K sqft leases; acquires $195M Brooklyn retail
Net income $0.10 per fully diluted share; Core FFO $0.24 per share.
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ESRT shareholders elect all director nominees; approve 2024 equity plan and say-on-pay
All 10 director nominees elected; votes in favor ranged from 142.2M (Gilbert) to 167.6M (Van Tassell, Yang).
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ESRT Q1: Core FFO $0.21/sh; Manhattan office lease rate 92.7%; reaffirms 2024 guidance
Net income $0.03/diluted share; Core FFO $0.21/diluted share.
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Empire State Realty Trust issues $225M green senior unsecured notes at 7.20%-7.41%
$225M private placement: $155M Series I (7.20%, due 2029), $45M Series J (7.32%, due 2031), $25M Series K (7.41%, due 2034).
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Empire State Realty to transfer First Stamford Place to satisfy $176M loan via consensual foreclosure
Reached agreement with mortgage lender to transfer First Stamford Place property through consensual foreclosure.
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Empire State Realty OP enters $620M revolver and $95M term loan, maturing 2028 and 2027
Second Amended and Restated Credit Agreement with Bank of America as admin agent for $620M revolver and $95M term loan.
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ESRT reports Q4 net income $0.06/sh, Core FFO $0.25/sh; provides 2024 guidance
Net income $0.06 per diluted share in Q4; full year $0.30 per share.
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ESRT promotes Christina Chiu to President, Stephen Horn to CFO & CAO
Christina Chiu, previously EVP/COO/CFO, promoted to President effective Feb 20, 2024.
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Empire State Realty Trust Q3 Core FFO $0.25, raises 2023 guidance to $0.85-$0.87
Q3 net income $0.07 per share; Core FFO $0.25 per share.
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ESRT acquires two Williamsburg Brooklyn properties for $26.4M via 1031 exchange
Aggregate purchase price of $26.4M for 11,000 sq ft at 157-159 Wythe Ave and 77 N 6 St.
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ESRT amends bylaws: majority voting for director elections, universal proxy rule updates
Adopted majority voting standard for uncontested director elections; plurality retained for contested elections.
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ESRT Q2 2023 Core FFO $0.26; Manhattan office leased rate 91.6%; raises full-year guidance
Net income $0.14 per diluted share; Core FFO $0.26 per share.
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Empire State Realty Trust appoints Christina Van Tassell and Hannah Yang to Board as independent directors
Christina Van Tassell and Hannah Yang appointed to Board, effective July 12, 2023.
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ESRT: Flagstar Bank assumes 313,109 sq ft Signature Bank lease at 1400 Broadway
Flagstar assumes lease through 2039; approx $3/sq ft rent reduction for first 5 years (~1.5% over life).
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ESRT shareholders elect all 8 director nominees, approve say-on-pay, ratify Ernst & Young
All 8 director nominees elected with 145.7M to 165.8M 'for' votes; broker non-votes of 7.2M.
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ESRT Q1 net income $0.04/sh, Core FFO $0.16; 2023 guidance cut to $0.80-0.84
Net income $0.04 per fully diluted share; Core FFO $0.16 (includes $0.024 reserve for Signature Bank).
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ESRT Q4 net income $0.08/shr; Core FFO $0.22; guides 2023 Core FFO $0.82-0.86
Q4 net income $0.08/shr vs. -$0.02 YoY; Core FFO $0.22/shr vs. $0.18 YoY.
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ESRT director Leslie Biddle steps down Jan 16 for U.S. Department of Energy role
Director Leslie D. Biddle resigns effective January 16, 2023, to join U.S. Department of Energy as Special Assistant to Undersecretary of Infrastructure.
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ESRT buys 298 Mulberry St for $115M, sells 10 Bank St for $42M; observatory traffic recovering
Acquired 298 Mulberry Street in Manhattan for $115M; 96 free-market units plus retail/garage.
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Christina Chiu appointed Executive VP, COO & CFO of Empire State Realty Trust
Christina Chiu, previously EVP and CFO, adds COO role effective December 9, 2022.
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ESRT Q3 Core FFO $0.21/sh; 2022 Core FFO guidance raised to $0.83-$0.85; observatory NOI guidance cut
Q3 Core FFO of $0.21 per diluted share vs $0.20 in Q3 2021; net income of $0.03 per share.
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ESRT Q2 Core FFO $0.29, raises 2022 guidance to $0.80-0.85
Net income $0.18 per diluted share; Core FFO $0.29 per share vs $0.18 YoY.
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Empire State Realty Trust shareholders elect directors, approve advisory pay and auditor
2022 annual meeting held May 12; all 9 director nominees elected with overwhelming support.
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Empire State Realty Trust Q1 Core FFO $0.18/sh, guides FY 2022 Core FFO $0.73-$0.78
Net loss attributable to common stockholders per diluted share ($0.07); Core FFO $0.18 vs $0.15 prior year.
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ESRT EVP and General Counsel Thomas N. Keltner, Jr. to retire Dec 31, 2022
Thomas N. Keltner, Jr., EVP and General Counsel, notified company of retirement.
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Empire State Realty Trust Q4 2021 EPS ($0.02), Core FFO $0.18, observatory revenue up 38%
EPS ($0.02) per diluted share; Core FFO $0.18; full-year Core FFO $0.70 per share.
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Empire State Realty Trust completes acquisition of two multifamily assets
Acquisition of two multifamily assets completed on January 5, 2022.
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ESRT posts Q3 EPS loss of $0.04, Core FFO $0.20; agrees to buy two Manhattan multifamily assets for $307M
Core FFO $0.20 per diluted share; GAAP EPS loss $0.04 per share.
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CEO Anthony Malkin gets three-year extension to 2024, $700K retention bonus
Term extended to October 7, 2024 (three years from prior expiration).