ESRT Profile
Empire State Realty Trust, Inc. (NYSE: ESRT) is a prominent real estate investment trust (REIT) specializing in the ownership, management, operation, acquisition, and repositioning of office and retail properties primarily located in Manhattan and the greater New York metropolitan area. Among its notable assets is the Empire State Building, renowned as the "World's Most Famous Building," which anchors the company's prestigious portfolio. As of September 30, 2020, Empire State Realty Trust's real estate portfolio encompasses approximately 10.1 million rentable square feet.
The company's portfolio includes 9.4 million rentable square feet across 14 office properties. These properties are strategically located in key areas such as Manhattan, Fairfield County in Connecticut, and Westchester County in New York. Additionally, Empire State Realty Trust holds around 700,000 rentable square feet in its retail segment. The company's assets are meticulously managed to ensure high occupancy rates and long-term value appreciation.
Empire State Realty Trust is recognized for its leadership in implementing energy efficiency retrofits and enhancing Indoor Environmental Quality. The company's commitment to sustainability and tenant well-being is exemplified by its achievement as the first commercial real estate portfolio in the U.S. to secure the WELL Health-Safety Rating. This accolade underscores the company's dedication to providing high-quality, safe, and healthy environments for its tenants.
Founded in 1961 and headquartered in New York, Empire State Realty Trust continues to be a key player in the real estate market, leveraging its extensive portfolio and strategic property management to deliver value to shareholders and contribute to the dynamic real estate landscape of New York City and its surrounding areas.
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