Empire State Realty Trust: An Observatory Problem Makes This A Hold

Empire State Realty Trust is trading near 52-week lows after a 30% YTD decline, despite recent positive analyst sentiment. ESRT's Observatory segment faces accelerating visitor declines, prompting a downward revision of 2026 Core FFO guidance by 11.5%. Leasing momentum is strong, but cash flow growth is delayed by free rent burn-off and upcoming lease expirations.

Seeking Alpha • Oct 22, 2026

Longleaf Partners Small-Cap Fund Q3 2026 Portfolio Review

Packaging company Clearwater Paper was a contributor in the quarter. Alaskan cable company Liberty Capital was a contributor in the quarter. Empire State Realty's underperformance this quarter was mostly driven by its Empire State Building Observatory hitting a rough patch over the last two years. Broadband operator Shenandoah Telecommunications was a contributor for us in the first half of the year but detracted in the third quarter.

Seeking Alpha • Oct 14, 2026

NYSE Texas Delivers White Paper to Highlight its Mission: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Oct. 6, 2026 /PRNewswire/ -- NEW YORK, The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

PRNewsWire • Oct 6, 2026

Empire State Realty Trust Announces Dates for Third Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2026 financial results on Monday, November 2, 2026, after the close of markets on the New York Stock Exchange. A conference call will be held on Tuesday, November 3, 2026, at 12:00 p.m. Eastern Time. During the conference call, the Company's officers will review third quarter performance, discuss recent events and conduct a question-and-answer period. T.

Business Wire • Oct 1, 2026

Resident Announces Exclusive Partnership with Empire State Realty Trust to Host Private Culinary Events Across Its Iconic Portfolio

NEW YORK--(BUSINESS WIRE)--Landmark collaboration brings Resident's chef-driven experiences to Empire State Realty Trust properties, including the Empire State Building.

Business Wire • Sep 22, 2026

Median Implied Cap Rate For U.S. Equity REITs Climbs Further In Q2 2026

The median implied capitalization rate for US equity real estate investment trusts increased 6 bps QoQ and 2 bps YoY to 7.8% in Q2, according to data compiled by S&P Global Market Intelligence. Hotel REITs posted the highest median implied cap rate among US equity REITs at 11.2%, maintaining their lead for another quarter. Office REITs followed, recording a median implied cap rate of 10.7%.

Seeking Alpha • Sep 2, 2026

Empire State Realty Trust Announces Dividend for Third Quarter 2026

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2026, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership unit.

Business Wire • Aug 5, 2026

Empire State Realty: Prime NYC Real Estate At Attractive Discount

I believe shares in Empire State Realty appear attractive at its current 52-week lows and at a forward P/FFO of sub 6x. The multiple is a fraction of its NYC-based peers, SL Green and Vornado, who trade at forwards of 11x and 17x, respectively. I continue to like ESRT's observatory operations despite the significant decline in YOY visitation. I further view the likelihood of an eventual recovery as a catalyst for continued growth.

Seeking Alpha • Aug 5, 2026

Empire State Realty Trust Q2 Earnings Call Highlights

Empire State Realty Trust NYSE: ESRT reported stronger office leasing and continued multifamily growth in the second quarter of 2026, while lower visitation at the Empire State Building Observation Deck weighed on results and prompted the company to reduce its full-year core FFO outlook.

MarketBeat • Jul 31, 2026

Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

Seeking Alpha • Jul 30, 2026