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Empire State Realty Op Lp

**General Information**

**Company Name:** Empire State Realty Op Lp

**Ticker Symbol:** ESRT

**Exchange:** New York Stock Exchange (NYSE)

**Industry:** Real Estate Investment Trusts (REITs)

**Headquarters:** New York City, New York, USA

**Website:** https://www.empirestaterealtytrust.com/

**Key Data**

* **Market Capitalization:** $2.7 billion (as of February 2023)

* **Shares Outstanding:** 105.7 million

* **52-Week Range:** $10.50 - $15.50

* **Dividend Yield:** 6.5%

**Business Description**

Empire State Realty Op Lp is a real estate investment trust that owns and operates a portfolio of office, retail, and multifamily properties in the United States. Its flagship property is the Empire State Building in New York City.

**Key Properties**

* Empire State Building (New York City)

* 111 West 57th Street (New York City)

* 35 Hudson Yards (New York City)

* The Plaza Hotel (New York City)

* John Hancock Center (Chicago)

* 1900 Market Street (Philadelphia)

* 101 California Street (San Francisco)

**Financial Performance**

* **Revenue:** $433.6 million (2022)

* **Net Income:** $116.2 million (2022)

* **Funds from Operations (FFO):** $1.36 per share (2022)

**Dividend History**

Empire State Realty Op Lp has paid regular quarterly dividends since its IPO in 2013. The company has increased its dividend every year since then.

**Management**

* **Chairman and CEO:** Anthony Malkin

* **President and COO:** Thomas Durels

* **CFO:** Bret Baumbach

**Other Information**

* **Listing Date:** October 31, 2013

* **Analyst Coverage:** Covered by several major investment banks, including JPMorgan, Citigroup, and Wells Fargo.

* **ESG Rating:** A- (MSCI)