Empire State Realty Trust Declares Q1 2026 Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy ESRT?
Source: Newsfilter
- Dividend Declaration: Empire State Realty Trust's Board of Directors has announced a dividend of $0.035 per share for Q1 2026, applicable to Class A and Class B common stockholders, reflecting the company's ongoing commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, ESRO's Series 2014 and Series 2019 Private Perpetual Preferred Units will receive dividends of $0.15 and $0.175 per unit, respectively, further enhancing investor confidence and attractiveness.
- Payment Schedule: All dividends will be paid in cash on March 31, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
- Portfolio Overview: As of December 31, 2025, Empire State Realty Trust's operating portfolio comprises approximately 7.6 million square feet of office space and 0.8 million square feet of retail space, showcasing its strong position and growth potential in the New York City real estate market.
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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: 6.060
Low
8.30
Averages
9.46
High
11.00
Current: 6.060
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 Reports 2025 Financial Highlights
- Strong Operational Performance: As of December 31, 2025, Empire State Realty Trust reported a commercial portfolio occupancy rate of 90.3%, up 1.7 percentage points from 2024, indicating robust demand and stable leasing activity in the New York City real estate market.
- Active Leasing Activity: In the fourth quarter of 2025, the company signed 27 leases totaling 458,473 square feet with an average lease duration of 6.7 years, demonstrating success in attracting long-term tenants and enhancing revenue predictability for the future.
- Solid Financial Position: As of December 31, 2025, the company had $600 million in liquidity and total debt of approximately $2.4 billion at an average interest rate of 4.48%, reflecting strong capital management that supports future acquisitions and investments.
- Increased Shareholder Returns: In the fourth quarter of 2025, the company repurchased $6 million of common stock at a weighted average price of $6.73 per share, totaling $8.1 million for the year, highlighting its commitment to shareholder returns and confidence in future market performance.
See More
Burlington Expands by 35,629 Square Feet in Fourth Expansion
- Lease Expansion: Burlington Stores, Inc. signed a 35,629 square foot expansion lease at 1400 Broadway, increasing its total leased space to 206,392 square feet, demonstrating the company's ongoing demand and confidence in Manhattan office space.
- Renewal Agreement: Burlington also executed an early renewal for its existing 170,763 square foot space, indicating a long-term strategic commitment in the area and further solidifying its market position.
- Partnership Continuation: Nespresso renewed its lease for 41,835 square feet at 111 W. 33rd Street, reflecting the appeal of ESRT's high-quality office spaces and exceptional service, thereby strengthening its partnership with tenants.
- Market Performance: Since 2013, ESRT has seen over 3.2 million square feet of tenant expansions, showcasing its robust asset portfolio and market demand, which enhances the company's competitiveness in the real estate sector.
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.
- Stable Yield: The forward yield of 2.36% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest towards its stock.
- Record Date for Shareholders: The dividend will be payable on March 31, with a record date of March 13 and an ex-dividend date also on March 13, ensuring shareholders can receive their dividend payouts promptly.
- Future Earnings Guidance: ESRT signals a 2026 FFO guidance of $0.85 to $0.89 per share, indicating positive progress in the transformation of its NYC portfolio, which may lay the groundwork for future growth.
See More
Empire State Realty Trust Declares Q1 2026 Dividends
- Dividend Declaration: Empire State Realty Trust's Board of Directors has declared a dividend of $0.035 per share for Q1 2026, applicable to Class A and Class B common stockholders, reflecting the company's commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, the board announced dividends of $0.15 and $0.175 per unit for ESRO's Series 2014 and Series 2019 preferred units for Q1 2026, enhancing the attractiveness of investments for preferred shareholders.
- Payment Schedule: All dividends will be paid in cash on March 31, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
- Portfolio Overview: As of December 31, 2025, Empire State Realty Trust's operating portfolio includes approximately 7.6 million square feet of office space and 0.8 million square feet of retail space, showcasing its strong position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Declares Q1 2026 Dividends
- Dividend Declaration: Empire State Realty Trust's Board of Directors has announced a dividend of $0.035 per share for Q1 2026, applicable to Class A and Class B common stockholders, reflecting the company's ongoing commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, ESRO's Series 2014 and Series 2019 Private Perpetual Preferred Units will receive dividends of $0.15 and $0.175 per unit, respectively, further enhancing investor confidence and attractiveness.
- Payment Schedule: All dividends will be paid in cash on March 31, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
- Portfolio Overview: As of December 31, 2025, Empire State Realty Trust's operating portfolio comprises approximately 7.6 million square feet of office space and 0.8 million square feet of retail space, showcasing its strong position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Q4 2025 Earnings Highlights
- Core Earnings Performance: For Q4 2025, Empire State Realty Trust reported core FFO of $0.23 per share and $0.87 for the full year, reflecting stable performance amid ongoing leasing momentum and asset management, with guidance for 2026 core FFO expected between $0.85 and $0.89, indicating management's confidence in future results.
- Strong Leasing Activity: The company leased nearly 460,000 square feet in 2025, totaling over 1 million square feet for the year, with office portfolio occupancy rising to 93.5%, which not only strengthens the company's market position but also lays a solid foundation for future growth.
- Strategic Acquisitions and Buybacks: In 2025, ESRT completed the acquisition of 130 Mercer for $386 million and repurchased $6 million of shares in Q4 at an average price of $6.73, demonstrating proactive capital allocation strategies and confidence in its intrinsic value.
- Outlook and Challenges: Despite facing short-term impacts from FDIC vacancies, with same-store cash NOI growth projected between -1.5% and 2% for 2026, management emphasized proactive balance sheet management and operational strategies to navigate market volatility, ensuring long-term value creation.
See More
Empire State Realty Trust Reports 2025 Financial Highlights
- Strong Operational Performance: As of December 31, 2025, Empire State Realty Trust reported a commercial portfolio occupancy rate of 90.3%, up 1.7 percentage points from 2024, indicating robust demand and stable leasing activity in the New York City real estate market.
- Active Leasing Activity: In the fourth quarter of 2025, the company signed 27 leases totaling 458,473 square feet with an average lease duration of 6.7 years, demonstrating success in attracting long-term tenants and enhancing revenue predictability for the future.
- Solid Financial Position: As of December 31, 2025, the company had $600 million in liquidity and total debt of approximately $2.4 billion at an average interest rate of 4.48%, reflecting strong capital management that supports future acquisitions and investments.
- Increased Shareholder Returns: In the fourth quarter of 2025, the company repurchased $6 million of common stock at a weighted average price of $6.73 per share, totaling $8.1 million for the year, highlighting its commitment to shareholder returns and confidence in future market performance.
See More
Burlington Expands by 35,629 Square Feet in Fourth Expansion
- Lease Expansion: Burlington Stores, Inc. signed a 35,629 square foot expansion lease at 1400 Broadway, increasing its total leased space to 206,392 square feet, demonstrating the company's ongoing demand and confidence in Manhattan office space.
- Renewal Agreement: Burlington also executed an early renewal for its existing 170,763 square foot space, indicating a long-term strategic commitment in the area and further solidifying its market position.
- Partnership Continuation: Nespresso renewed its lease for 41,835 square feet at 111 W. 33rd Street, reflecting the appeal of ESRT's high-quality office spaces and exceptional service, thereby strengthening its partnership with tenants.
- Market Performance: Since 2013, ESRT has seen over 3.2 million square feet of tenant expansions, showcasing its robust asset portfolio and market demand, which enhances the company's competitiveness in the real estate sector.
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.
- Stable Yield: The forward yield of 2.36% reflects the company's attractiveness in the current market environment, potentially drawing more investor interest towards its stock.
- Record Date for Shareholders: The dividend will be payable on March 31, with a record date of March 13 and an ex-dividend date also on March 13, ensuring shareholders can receive their dividend payouts promptly.
- Future Earnings Guidance: ESRT signals a 2026 FFO guidance of $0.85 to $0.89 per share, indicating positive progress in the transformation of its NYC portfolio, which may lay the groundwork for future growth.
See More
Empire State Realty Trust Declares Q1 2026 Dividends
- Dividend Declaration: Empire State Realty Trust's Board of Directors has declared a dividend of $0.035 per share for Q1 2026, applicable to Class A and Class B common stockholders, reflecting the company's commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, the board announced dividends of $0.15 and $0.175 per unit for ESRO's Series 2014 and Series 2019 preferred units for Q1 2026, enhancing the attractiveness of investments for preferred shareholders.
- Payment Schedule: All dividends will be paid in cash on March 31, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
- Portfolio Overview: As of December 31, 2025, Empire State Realty Trust's operating portfolio includes approximately 7.6 million square feet of office space and 0.8 million square feet of retail space, showcasing its strong position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Declares Q1 2026 Dividends
- Dividend Declaration: Empire State Realty Trust's Board of Directors has announced a dividend of $0.035 per share for Q1 2026, applicable to Class A and Class B common stockholders, reflecting the company's ongoing commitment to shareholder returns.
- Preferred Stock Dividends: Additionally, ESRO's Series 2014 and Series 2019 Private Perpetual Preferred Units will receive dividends of $0.15 and $0.175 per unit, respectively, further enhancing investor confidence and attractiveness.
- Payment Schedule: All dividends will be paid in cash on March 31, 2026, with a record date of March 13, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
- Portfolio Overview: As of December 31, 2025, Empire State Realty Trust's operating portfolio comprises approximately 7.6 million square feet of office space and 0.8 million square feet of retail space, showcasing its strong position and growth potential in the New York City real estate market.
See More
Empire State Realty Trust Q4 2025 Earnings Highlights
- Core Earnings Performance: For Q4 2025, Empire State Realty Trust reported core FFO of $0.23 per share and $0.87 for the full year, reflecting stable performance amid ongoing leasing momentum and asset management, with guidance for 2026 core FFO expected between $0.85 and $0.89, indicating management's confidence in future results.
- Strong Leasing Activity: The company leased nearly 460,000 square feet in 2025, totaling over 1 million square feet for the year, with office portfolio occupancy rising to 93.5%, which not only strengthens the company's market position but also lays a solid foundation for future growth.
- Strategic Acquisitions and Buybacks: In 2025, ESRT completed the acquisition of 130 Mercer for $386 million and repurchased $6 million of shares in Q4 at an average price of $6.73, demonstrating proactive capital allocation strategies and confidence in its intrinsic value.
- Outlook and Challenges: Despite facing short-term impacts from FDIC vacancies, with same-store cash NOI growth projected between -1.5% and 2% for 2026, management emphasized proactive balance sheet management and operational strategies to navigate market volatility, ensuring long-term value creation.
See More
