Empire State Building Celebrates 95th Anniversary with Exclusive Sundae
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Source: Newsfilter
- Exclusive Dessert Launch: To celebrate the Empire State Building's 95th anniversary, Ghirardelli has created the Kong Sundae, priced at $18, featuring vanilla ice cream, hot fudge, whipped cream, and a chocolate Kong, showcasing Ghirardelli's commitment to quality and rich flavors, enticing visitors to enjoy a unique culinary experience.
- Limited-Time Event: The Kong Sundae will be exclusively available at the 86th Floor Observation Deck from April 10 to May 10, operating daily from 10 a.m. to 9 p.m., which is expected to attract a significant number of visitors, enhancing the deck's appeal and foot traffic.
- Observation Deck Experience Upgrade: The Empire State Building's observatory has undergone a $165 million redesign, offering 360-degree panoramic views, an interactive museum, and a newly designed 102nd Floor Observatory, further enhancing the overall visitor experience and solidifying its status as a top attraction in New York City.
- Brand Partnership Significance: This collaboration with Ghirardelli not only celebrates the building's history but also enhances brand image by providing a unique culinary experience, which is expected to drive future visitor growth and business opportunities.
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Analyst Views on ESRT
Wall Street analysts forecast ESRT stock price to rise
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 5.730
Low
8.30
Averages
9.46
High
11.00
Current: 5.730
Low
8.30
Averages
9.46
High
11.00
About ESRT
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Empire State Realty Trust Named 2026 Green Lease Leader
- Green Lease Leadership: Empire State Realty Trust (ESRT) has been recognized as a 2026 Platinum Green Lease Leader by the Institute for Market Transformation (IMT), maintaining this distinction since the new tier was introduced in 2022, highlighting its excellence in sustainability and high-performance leasing.
- Comprehensive Sustainability Practices: ESRT integrates high-performance leasing and sustainability practices across 100% of its office, retail, and multifamily portfolio, significantly enhancing energy efficiency, reducing costs, and improving indoor air quality, thereby creating sustainable living and working environments for tenants.
- Significant Energy Reduction: Since 2007, ESRT has reduced energy use by 49% at the Empire State Building and by 39% across its commercial portfolio since 2009, aligning with sustainability goals while delivering substantial economic returns for tenants and stakeholders.
- Tenant Collaboration and Compliance: ESRT's partnerships with high-quality tenants drive the implementation of environmentally responsible and sustainable designs, positioning tenants ahead in achieving long-term sustainability goals and regulatory compliance at an affordable price point, thereby enhancing market competitiveness.
See More
Empire State Realty Trust Completes Asset Disposition
- Asset Disposition Completed: Empire State Realty Trust finalized the sale of 250 West 57th Street for $275 million, with the buyer assuming $180 million in mortgage debt, facilitating capital recycling for the company's December 2025 acquisition of 130 Mercer Street without recognizing taxable gains.
- Capital Recycling Strategy: This transaction aligns with the company's strategy to reinvest capital into high-quality assets, aiming for long-term cash flow growth and further solidifying its market position in New York City.
- Land Purchase Finalized: The company also completed the purchase of the land underlying its 111 West 33rd Street and 1400 Broadway properties for an aggregate price of $110 million, with remaining ground lease terms of approximately 51 and 38 years, enhancing the long-term value of its high-quality asset portfolio.
- Liquidity Support: The land acquisition was funded through the company's balance sheet liquidity, demonstrating Empire State Realty Trust's financial robustness and confidence in future growth prospects.
See More
Empire State Realty Trust Declares Quarterly Dividend
- Quarterly Dividend Announcement: Empire State Realty Trust (ESRT) declares a quarterly dividend of $0.035 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Yield Insights: The forward yield of 2.59% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest towards its stock.
- Dividend Payment Schedule: The dividend is set to be paid on June 30, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive their returns promptly.
- Future Outlook: Empire State Realty Trust targets a year-end occupancy rate of 90%-92% for 2026 while pushing debt maturities to 2028, demonstrating the company's confidence in future market conditions and strategic planning.
See More
Empire State Realty Trust Declares Dividends for Q2 2026
- Dividend Declaration: Empire State Realty Trust's Board of Directors has announced a dividend of $0.035 per share for Q2 2026, applicable to Class A and B common stock and specific series of ESRO partnership units, demonstrating the company's commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, the Board declared dividends of $0.15 and $0.175 per unit for ESRO's Series 2014 and Series 2019 Private Perpetual Preferred Units for Q2 2026, enhancing the company's attractiveness in capital markets.
- Payment Schedule: All dividends will be paid in cash on June 30, 2026, with a record date of June 15, 2026, ensuring timely returns for shareholders and reflecting the company's strong cash flow management capabilities.
- Portfolio Overview: As of March 31, 2026, Empire State Realty Trust's portfolio includes approximately 8 million square feet of office space and 743 residential units, showcasing its robust position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Q1 Earnings Beat Expectations
- Strong Financial Performance: Empire State Realty Trust reported a Q1 FFO of $0.20, beating expectations by $0.01, indicating robust profitability in the current economic climate.
- Significant Revenue Growth: The company achieved revenues of $190.33 million in Q1, a 5.7% year-over-year increase, surpassing analyst expectations by $1.15 million, reflecting strong performance in the Manhattan office market.
- Healthy Leasing Market: The positive leasing spreads in a healthy Manhattan office market demonstrate the company's success in attracting new tenants, further solidifying its market position.
- Investor Attention: Empire State Realty Trust's presentation at Citi's Miami Global Property CEO Conference garnered significant investor interest, highlighting the company's influence in the industry and potential for future growth.
See More
Empire State Realty Trust Unveils New Rooftop Lounge at 1333 Broadway
- Rooftop Lounge Opening: Empire State Realty Trust has grandly opened the new Rooftop at 1333 Broadway, marking the final piece of its Broadway portfolio aimed at enhancing tenant employee recruitment and retention capabilities.
- Versatile Venue: The new rooftop lounge accommodates up to 250 guests, featuring various seating options, a wet bar, audio-visual facilities, and charging stations, making it suitable for corporate gatherings, client events, and team celebrations.
- Prime Location: Located just steps from Grand Central and Penn Station, the rooftop further enhances the appeal of ESRT's office spaces, boosting tenant satisfaction.
- Comprehensive Amenities: The new rooftop lounge joins ESRT's other amenities, including the Town Hall and Tenant Lounge at 1400 Broadway, enriching the service experience for tenants.
See More
Empire State Realty Trust Named 2026 Green Lease Leader
- Green Lease Leadership: Empire State Realty Trust (ESRT) has been recognized as a 2026 Platinum Green Lease Leader by the Institute for Market Transformation (IMT), maintaining this distinction since the new tier was introduced in 2022, highlighting its excellence in sustainability and high-performance leasing.
- Comprehensive Sustainability Practices: ESRT integrates high-performance leasing and sustainability practices across 100% of its office, retail, and multifamily portfolio, significantly enhancing energy efficiency, reducing costs, and improving indoor air quality, thereby creating sustainable living and working environments for tenants.
- Significant Energy Reduction: Since 2007, ESRT has reduced energy use by 49% at the Empire State Building and by 39% across its commercial portfolio since 2009, aligning with sustainability goals while delivering substantial economic returns for tenants and stakeholders.
- Tenant Collaboration and Compliance: ESRT's partnerships with high-quality tenants drive the implementation of environmentally responsible and sustainable designs, positioning tenants ahead in achieving long-term sustainability goals and regulatory compliance at an affordable price point, thereby enhancing market competitiveness.
See More
Empire State Realty Trust Completes Asset Disposition
- Asset Disposition Completed: Empire State Realty Trust finalized the sale of 250 West 57th Street for $275 million, with the buyer assuming $180 million in mortgage debt, facilitating capital recycling for the company's December 2025 acquisition of 130 Mercer Street without recognizing taxable gains.
- Capital Recycling Strategy: This transaction aligns with the company's strategy to reinvest capital into high-quality assets, aiming for long-term cash flow growth and further solidifying its market position in New York City.
- Land Purchase Finalized: The company also completed the purchase of the land underlying its 111 West 33rd Street and 1400 Broadway properties for an aggregate price of $110 million, with remaining ground lease terms of approximately 51 and 38 years, enhancing the long-term value of its high-quality asset portfolio.
- Liquidity Support: The land acquisition was funded through the company's balance sheet liquidity, demonstrating Empire State Realty Trust's financial robustness and confidence in future growth prospects.
See More
Empire State Realty Trust Declares Quarterly Dividend
- Quarterly Dividend Announcement: Empire State Realty Trust (ESRT) declares a quarterly dividend of $0.035 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Yield Insights: The forward yield of 2.59% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest towards its stock.
- Dividend Payment Schedule: The dividend is set to be paid on June 30, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive their returns promptly.
- Future Outlook: Empire State Realty Trust targets a year-end occupancy rate of 90%-92% for 2026 while pushing debt maturities to 2028, demonstrating the company's confidence in future market conditions and strategic planning.
See More
Empire State Realty Trust Declares Dividends for Q2 2026
- Dividend Declaration: Empire State Realty Trust's Board of Directors has announced a dividend of $0.035 per share for Q2 2026, applicable to Class A and B common stock and specific series of ESRO partnership units, demonstrating the company's commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, the Board declared dividends of $0.15 and $0.175 per unit for ESRO's Series 2014 and Series 2019 Private Perpetual Preferred Units for Q2 2026, enhancing the company's attractiveness in capital markets.
- Payment Schedule: All dividends will be paid in cash on June 30, 2026, with a record date of June 15, 2026, ensuring timely returns for shareholders and reflecting the company's strong cash flow management capabilities.
- Portfolio Overview: As of March 31, 2026, Empire State Realty Trust's portfolio includes approximately 8 million square feet of office space and 743 residential units, showcasing its robust position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Q1 Earnings Beat Expectations
- Strong Financial Performance: Empire State Realty Trust reported a Q1 FFO of $0.20, beating expectations by $0.01, indicating robust profitability in the current economic climate.
- Significant Revenue Growth: The company achieved revenues of $190.33 million in Q1, a 5.7% year-over-year increase, surpassing analyst expectations by $1.15 million, reflecting strong performance in the Manhattan office market.
- Healthy Leasing Market: The positive leasing spreads in a healthy Manhattan office market demonstrate the company's success in attracting new tenants, further solidifying its market position.
- Investor Attention: Empire State Realty Trust's presentation at Citi's Miami Global Property CEO Conference garnered significant investor interest, highlighting the company's influence in the industry and potential for future growth.
See More
Empire State Realty Trust Unveils New Rooftop Lounge at 1333 Broadway
- Rooftop Lounge Opening: Empire State Realty Trust has grandly opened the new Rooftop at 1333 Broadway, marking the final piece of its Broadway portfolio aimed at enhancing tenant employee recruitment and retention capabilities.
- Versatile Venue: The new rooftop lounge accommodates up to 250 guests, featuring various seating options, a wet bar, audio-visual facilities, and charging stations, making it suitable for corporate gatherings, client events, and team celebrations.
- Prime Location: Located just steps from Grand Central and Penn Station, the rooftop further enhances the appeal of ESRT's office spaces, boosting tenant satisfaction.
- Comprehensive Amenities: The new rooftop lounge joins ESRT's other amenities, including the Town Hall and Tenant Lounge at 1400 Broadway, enriching the service experience for tenants.
See More
