Median Implied Cap Rate For U.S. Equity REITs Climbs Further In Q2 2026

The median implied capitalization rate for US equity real estate investment trusts increased 6 bps QoQ and 2 bps YoY to 7.8% in Q2, according to data compiled by S&P Global Market Intelligence. Hotel REITs posted the highest median implied cap rate among US equity REITs at 11.2%, maintaining their lead for another quarter. Office REITs followed, recording a median implied cap rate of 10.7%.

Seeking Alpha • Sep 2, 2026

Empire State Realty Trust Announces Dividend for Third Quarter 2026

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2026, 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 unit.

Business Wire • Aug 5, 2026

Empire State Realty: Prime NYC Real Estate At Attractive Discount

I believe shares in Empire State Realty appear attractive at its current 52-week lows and at a forward P/FFO of sub 6x. The multiple is a fraction of its NYC-based peers, SL Green and Vornado, who trade at forwards of 11x and 17x, respectively. I continue to like ESRT's observatory operations despite the significant decline in YOY visitation. I further view the likelihood of an eventual recovery as a catalyst for continued growth.

Seeking Alpha • Aug 5, 2026

Empire State Realty Trust Q2 Earnings Call Highlights

Empire State Realty Trust NYSE: ESRT reported stronger office leasing and continued multifamily growth in the second quarter of 2026, while lower visitation at the Empire State Building Observation Deck weighed on results and prompted the company to reduce its full-year core FFO outlook.

MarketBeat • Jul 31, 2026

Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

Seeking Alpha • Jul 30, 2026

Empire State Realty Trust Announces Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observation Deck. The Company is a recognized leader in energy efficiency and indoor environmental quality. Today the Company reported its operational and financial.

Business Wire • Jul 29, 2026

United Talent Agency Moves NY Office to Empire State Building in July 2027

NEW YORK--(BUSINESS WIRE)--United Talent Agency (UTA) and Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors at the iconic Empire State Building. UTA's New York office is home to the agency's industry-leading Filmed Entertainment, Creators, News, Publishing, Theatre, Music, Speakers, Sports, Brand Advisory and Executive Search busi.

Business Wire • Jul 20, 2026

Infinium Wall Systems, Inc. Signs New 30,017 Square Foot Lease with Empire State Realty Trust at 1359 Broadway

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it signed a new office and retail lease with Infinium Wall Systems, Inc. – an American manufacturer that designs, engineers, manufactures, and installs glass office fronts and interior wall systems – that totals 30,017 square feet at 1359 Broadway. “After evaluating numerous options for Infinium's flagship New York presence, 1359 Broadway stood apart on every measure that mattered to us,” said Shawn Gaf.

Business Wire • Jul 20, 2026

Empire State Realty Trust Signs 26,134 Square Foot Space with Instacart at 111 W. 33rd Street

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it signed a new office lease with Instacart – a grocery technology app – for 26,134 square feet at 111 W. 33rd Street in the second quarter. Along with a 7,052 square-foot office lease signed with Hansa Biopharma, Inc. early in the third quarter, 111 W. 33rd Street is now 100% leased. Located steps to Penn Station, Madison Square Garden, and Manhattan's best dining and lodging, 111 W. 33rd Street featur.

Business Wire • Jul 20, 2026

LA-based United Talent Agency taking its talents to the Empire State Building

UTA signed a lease for 100,948 square feet on the landmark skyscraper's 32nd through 35th floors.

New York Post • Jul 19, 2026