Empire State Realty Trust Announces Stock Repurchase Authorization
22 Diciembre 2023 - 3:15PM
Business Wire
Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”),
today announced that its Board of Directors has authorized the
repurchase of up to $500 million of the Company’s Class A common
stock and Empire State Realty OP, L.P.’s Series ES, Series 250 and
Series 60 operating partnership units (NYSE Arca: ESBA, FISK and
OGCP, respectively) for the period from January 1, 2024 through
December 31, 2025. This will replace the existing $500 million
repurchase authorization that runs from January 1, 2022 through
December 31, 2023.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused
REIT that owns and operates a portfolio of modernized, amenitized,
and well-located office, retail, and multifamily assets. The
Company is the recognized leader in energy efficiency and indoor
environmental quality. ESRT’s flagship Empire State Building – the
“World’s Most Famous Building” – includes its Observatory,
Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the
#1 attraction in the US for two consecutive years. As of September
30, 2023, ESRT's portfolio is comprised of approximately 8.6
million rentable square feet of office space, 0.7 million rentable
square feet of retail space and 727 residential units. More
information about Empire State Realty Trust can be found at
esrtreit.com and by following ESRT on Facebook, Instagram, TikTok,
Twitter and LinkedIn.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the federal securities laws. We intend these
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and are including this
statement for purposes of complying with those safe harbor
provisions. You can identify these statements by use of words such
as “aims," "anticipates," "approximately," "believes,"
"contemplates," "continues," "estimates," "expects," "forecasts,"
"hope," "intends," "may," "plans," "seeks," "should," "thinks,"
"will," "would" or the negative of these words and phrases 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
Empire State Realty (NYSE:ESRT)
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