Empire State Realty Trust

Empire State Realty Trust, Inc. (ESRT) is a New York City-focused Real Estate Investment Trust (REIT) that owns and manages a diverse portfolio of office, retail, and multifamily properties in Manhattan and the greater New York metropolitan area.

At the heart of its holdings is the iconic Empire State Building, renowned as the "World's Most Famous Building", which features its celebrated Observatory.

Portfolio Size and Composition

As of June 30, 2025, ESRT's portfolio comprises approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units.

The company's properties are strategically located near major transportation hubs, offering tenants convenient access to the city's extensive transit system.

Commitment to Sustainability

ESRT is recognized for its dedication to sustainability and energy efficiency.

The entire portfolio is powered by 100% renewable wind energy, making it the nation's largest user of green power in real estate, as recognized by the EPA.

Additionally, 89% of the Manhattan portfolio holds certifications from Fitwel, a rigorous third-party building certification system that supports healthier workplace environments.

The company has achieved a GRESB 5 Star Rating and the WELL Health-Safety rating, underscoring its commitment to environmental stewardship and occupant well-being.

Financial Performance

In terms of financial performance, ESRT reported revenues of $767.9 million in 2023, reflecting a 3.8% increase from the previous year.

The company's market capitalization stands at approximately $1.2 billion, with a net profit margin of -6.7% in 2023.

Headquarters and Locations

ESRT's headquarters are located at 111 West 33rd Street, New York, NY 10120.

The company's portfolio includes the following notable properties:

• Empire State Building
• One Grand Central Place
• 250 West 57th Street
• 111 West 33rd Street
• 501 Seventh Avenue
• 1400 Broadway
• 1359 Broadway
• 1350 Broadway
• 1333 Broadway
• First Stamford Place
• 1542 Third Avenue
• Metro Center
• 10 Union Square East

Guiding Principles

ESRT's core values emphasize service excellence, teamwork, knowledge-driven action, effective communication, and the motto "Once Right".

This motto reflects the company's aim to develop repeatable processes that provide certainty and save time for all stakeholders.

Location

New York, NY, USA