ESRT Empire State Realty Trust Inc. Class A

Empire State Realty Trust Announces Dates for First Quarter 2018 Earnings Release and Conference Call

Empire State Realty Trust, Inc. (NYSE:ESRT) (the “Company”) today announced that it will release its first quarter 2018 financial results on Wednesday, April 25, 2018 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, April 26, 2018 at 8:30 a.m. Eastern Time.

During the conference call, the Company’s officers will review first quarter performance, discuss recent events and conduct a question-and-answer period. The earnings release and supplemental package will be available prior to the quarterly conference call on the Company's website, www.empirestaterealtytrust.com, under "Quarterly Earnings" in the “Investors” section.

Webcast

The conference call will also be available in the “Investors” section of the Company’s website at www.empirestaterealtytrust.com. To listen to a live broadcast, go to the site at least five minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Company’s website.

To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-877-407-3982
International: 1-201-493-6780
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 13678748
The playback can be accessed through May 3, 2018

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of December 31, 2017, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

EN
10/04/2018

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Reports on Empire State Realty Trust Inc. Class A

Dave Nicoski ... (+2)
  • Dave Nicoski
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Michael Wong
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Morningstar | Empire State Realty Trust Reports Tepid 1Q Earnings; Mai...

Empire State Realty Trust provided mixed first-quarter results, with encouraging re-leasing spreads offset by soft observatory demand. However, we saw little in this quarterly report to alter our long-term thesis and consequently expect to maintain our $17 per share fair value estimate for the no-moat-rated company. Core funds from operations was $0.19 in the first quarter compared with $0.20 a year ago. This slight decline was largely driven by a 3% decrease in observatory revenue compared with...

Michael Wong
  • Michael Wong

Empire State Realty Trust Reports Tepid 1Q Earnings; Maintaining FVE

Empire State Realty Trust provided mixed first-quarter results, with encouraging re-leasing spreads offset by soft observatory demand. However, we saw little in this quarterly report to alter our long-term thesis and consequently expect to maintain our $17 per share fair value estimate for the no-moat-rated company. Core funds from operations was $0.19 in the first quarter compared with $0.20 a year ago. This slight decline was largely driven by a 3% decrease in observatory revenue compared with...

Michael Wong
  • Michael Wong

Morningstar | Empire State Realty Trust Continues to Redevelop Its Por...

While Empire State considers itself a hybrid of Class A and Class B office and retail space, property pricing we’ve seen over its short-lived time as a public REIT skews toward the latter. The company has one of the best-positioned balance sheets in the REIT space, but we’re fearful that the company might have missed its opportunity as supply increases, developments become costlier, and cap rates are near all-time lows. Further, the company has shown little evidence that would paint the pict...

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