Empire State Realty Trust Announces Reinstatement of Quarterly Dividend
May 17 2021 - 8:40AM
Business Wire
Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a
leading real estate investment trust with office and retail
properties in Manhattan and the greater New York metropolitan area,
today announced that its Board of Directors has reinstated and
declared a dividend of $0.035 per share for the second quarter of
2021, which equates to an annualized rate of $0.14 per share. This
amount is 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 units.
“Board and management confidence in the recovery of New York
City, the improvement seen to-date in the Company’s results, and
ESRT’s liquidity position and strengthening balance sheet have
resulted in a reinstatement of our dividend one quarter earlier
than previously announced,” said Christina Chiu, Empire State
Realty Trust’s Executive Vice President and Chief Financial
Officer.
The Board of Directors has declared a dividend of $0.15 per unit
for the second quarter of 2021, payable to holders of Empire State
Realty OP, L.P.’s (“ESRO”) Series 2014 Private Perpetual Preferred
Units and a dividend of $0.175 per unit for the second quarter of
2021, payable to holders of ESRO’s Series 2019 Private Perpetual
Preferred Units. The dividends will be payable in cash on June 30,
2021 to unitholders of record at the close of business on June 15,
2021.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) 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.” The
company's office and retail portfolio covers 10.1 million rentable
square feet, as of March 31, 2021, which consists of 9.4 million
rentable square feet across 14 office properties, including nine in
Manhattan, three in Fairfield County, Connecticut, and two in
Westchester County, New York; as well as approximately 700,000
rentable square feet in the retail portfolio.
Empire State Realty Trust is a leader in energy efficiency in
the built environment and sustainability space, with 76 percent of
the eligible portfolio ENERGY STAR certified and 100 percent fully
powered by renewable wind electricity. As the first commercial real
estate portfolio in the Americas to achieve the evidence-based,
third-party verified WELL Health-Safety Rating for health and
safety, ESRT additionally earned the highest possible GRESB 5 Star
Rating and Green Star recognition for sustainability performance in
real estate and was named a Fitwel Champion for healthy,
high-performance buildings. To learn more about Empire State Realty
Trust, visit esrtreit.com and follow ESRT on Facebook, Instagram,
Twitter and LinkedIn.
Forward-Looking Statements
This press release includes "forward looking statements" within
the meaning of the federal securities laws. You can identify these
statements by use of words such as "assumes," "believes,"
"estimates," "expects," "intends," "plans," "projects" or similar
words or expressions that do not relate to historical matters. You
should exercise caution in interpreting and relying on
forward-looking statements, because they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond the Company's control and could materially affect actual
results, performance or achievements. These factors include,
without limitation, the risks and uncertainties detailed from time
to time in the Company’s filings with the SEC and any failure of
the conditions or events cited in this release. Except as may be
required by law, the Company does not undertake a duty to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Category: FINANCIAL
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Investors Empire State Realty
Trust Investor Relations (212) 850-2678 IR@esrtreit.com
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