NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company†), today announced the 2025 tax treatment of its Class A common stock distributions, as described below. The following table summarizes, for income tax purposes, the nature of the cash distributions paid by the Company to its stockholders during the year ended December 31, 2025, and the appropriate Form 1099-DIV box number. Stockholders are encouraged to consult with their personal tax advisors as to their spe. ...

Core Viewpoint - Empire State Realty Trust, Inc. (ESRT) is a real estate investment trust (REIT) that holds valuable properties in New York City, particularly the Empire State Building, and has maintained a positive outlook on its performance [1]. Company Summary - ESRT is recognized for owning irreplaceable real estate assets in a prime location, which contributes to its strong market position [1]. - The company is involved in providing timely analysis of earnings and macroeconomic events, focusing on the retail and real estate sectors [1]. Analyst Position - The analyst has a beneficial long position in ESRT and other related companies, indicating confidence in the stock's future performance [2].

Core Viewpoint - Empire State Realty Trust, Inc. (ESRT) is a real estate investment trust (REIT) that holds valuable properties in New York City, particularly the Empire State Building, and has maintained a positive outlook on its performance [1]. Company Overview - ESRT is recognized for owning irreplaceable real estate assets in a prime location, which contributes to its strong market position [1]. Analyst Perspective - The analysis emphasizes the importance of timely evaluations of earnings and macroeconomic events, particularly in the retail and real estate sectors, indicating a focus on market trends and investment opportunities [1].

Core Viewpoint - Empire State Realty Trust, Inc. will release its fourth quarter 2025 financial results on February 17, 2026, after market close, followed by a conference call on February 18, 2026, at 12:00 p.m. Eastern Time [1][2]. Financial Results Announcement - The fourth quarter performance will be reviewed during the conference call, which will also include discussions on recent events and a question-and-answer session [2]. - The earnings release, supplemental materials, and investor presentation will be available on the company's website prior to the conference call [2]. Conference Call Details - The conference call will be accessible via the company's website, and a replay will be available for 7 days post-call [3]. - Participants can join the call by dialing in at least five minutes before the start time, with specific numbers provided for domestic and international callers [3]. Company Overview - Empire State Realty Trust, Inc. is a New York City-focused REIT that owns and operates a portfolio of modernized office, retail, and multifamily assets [4]. - The flagship property, the Empire State Building, is recognized as the 1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards [4]. - As of September 30, 2025, the company's portfolio includes approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units [4].

Core Insights - Empire State Realty Trust Inc. (NYSE:ESRT) is facing significant challenges due to structural shifts in the retail and office space dynamics post-COVID, leading to a decline in its stock price and Growth score in Benzinga's Edge Stock Rankings [1][5] Group 1: Company Performance - The Growth score for Empire State Realty Trust has dropped from 44.61 to 30.1 within a week, influenced by analysts like Wells Fargo reducing their price targets for the stock [3] - The company has consistently missed top-line estimates in recent quarters, with earnings declining due to the ongoing remote/hybrid work trend and a slowdown in tourism [4] - The stock has decreased by 35.99% year-to-date and 7% over the past month, reflecting poor Momentum and Growth scores in Benzinga's Edge Stock Rankings [5] Group 2: Market Dynamics - The decline in the company's performance is attributed to the structural changes in the post-COVID environment, particularly affecting the office and retail sectors [1][4] - The assessment of the Growth score in Benzinga's Edge Stock Rankings considers both short and long-term trends in earnings and revenue growth, indicating a significant downturn for the company [2]

Core Insights - Newmark Group, Inc. acted as the exclusive real estate advisor for Scholastic Corporation in a $386 million sale-leaseback transaction involving its New York City headquarters [1][2] - The transaction allows Scholastic to sell the property to Empire State Realty Trust while entering a long-term lease to maintain operations at the site, thereby reducing its overall footprint [2][3] - The sale-leaseback agreement includes a 15-year lease with extension options, with Empire State Realty Trust responsible for property maintenance and capital improvements [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor with a comprehensive suite of services tailored to various clients, including corporations, institutional investors, and property owners [4] - For the twelve months ending September 30, 2025, Newmark generated revenues exceeding $3.1 billion and operates approximately 170 offices with over 8,500 professionals globally [4]

Core Insights - Empire State Building has achieved LEED Platinum certification, the highest recognition under the U.S. Green Building Council's latest standard [1] - It is the largest LEED v5 Platinum project in the United States and the first in New York state [1] Company Summary - Empire State Realty Trust, Inc. announced the certification achievement [1] - The certification falls under the Existing Buildings: Operations + Maintenance Version 5 program [1]

Core Insights - HGI Capital Management has fully exited its position in Empire State Realty Trust (ESRT), selling 494,696 shares for an estimated $4 million during the third quarter [2][10]. Company Overview - Empire State Realty Trust is a leading REIT specializing in office and retail properties within the New York metropolitan area, including the iconic Empire State Building [6][8]. - The company focuses on energy efficiency and indoor environmental quality to attract high-profile tenants, leveraging a diversified property portfolio [6][8]. - As of the latest financial data, ESRT reported a revenue of $766.2 million and a net income of $39.1 million, with a dividend yield of 2.1% [4]. Financial Performance - As of November 14, shares of Empire State Realty Trust were priced at $6.75, reflecting a decline of approximately 38% over the past year, significantly underperforming the S&P 500, which increased by 13% during the same period [3]. - The company's latest earnings report indicated modest operational progress, with Manhattan office occupancy improving to 90.3% and positive leasing spreads for 17 consecutive quarters [11]. - However, core funds from operations decreased to $0.23 per share from $0.26 a year earlier due to rising operating expenses and taxes [11]. Market Trends - The exit by HGI Capital Management aligns with a broader trend of fund managers reallocating capital away from slower-recovering property types, such as urban office REITs, towards higher-growth areas [10]. - Despite operational improvements, investor confidence in ESRT remains low, as evidenced by the significant drop in share price, which is approximately 65% lower than its 2016 highs [12].

Core Viewpoint - Empire State Realty Trust, Inc. has declared dividends for the fourth quarter of 2025 for both its common stock and preferred units, reflecting the company's ongoing commitment to returning value to its shareholders [1][2]. Financial Information - The company declared a dividend of $0.035 per share for its Class A and Class B common stock [1]. - For the fourth quarter of 2025, a dividend of $0.15 per unit will be paid to holders of ESRO's Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit for holders of Series 2019 Private Perpetual Preferred Units [2]. - The dividends will be payable in cash on December 31, 2025, to stockholders or unitholders of record at the close of business on December 15, 2025 [2]. Company Overview - Empire State Realty Trust, Inc. is a New York City-focused REIT that owns and operates a portfolio of modernized office, retail, and multifamily assets [3]. - The flagship asset, the Empire State Building, is recognized as the 1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards [3]. - As of September 30, 2025, the company's portfolio includes approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units [3].

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