| Market Capitalization (Millions $) |
1,188 |
| Shares
Outstanding (Millions) |
269 |
| Employees |
642 |
| Revenues (TTM) (Millions $) |
779 |
| Net Income (TTM) (Millions $) |
60 |
| Cash Flow (TTM) (Millions $) |
-131 |
| Capital Exp. (TTM) (Millions $) |
633 |
Business Description
Empire State Realty OP L.P. is a publicly traded real estate investment trust (REIT) that owns, manages, operates, acquires, and develops office and retail properties primarily in Manhattan and the greater New York metropolitan area. It was formed in 2013 through the combination of Empire State Building Associates, L.L.C., and Malkin Holdings LLC. The REIT is headquartered in New York City and has a diversified portfolio of commercial properties that includes Class A office buildings, retail space, and parking garages.
The company's primary asset is the iconic Empire State Building, a8 million square foot office tower in Midtown Manhattan that was completed in 1931. In addition to the Empire State Building, Empire State Realty OP L.P. owns and operates a portfolio of 13 properties, which includes 10 office buildings and three retail properties, primarily located in Midtown and Downtown Manhattan.
The company's Class A office properties have attracted a diverse tenant base that includes financial services, media, law firms, technology, and healthcare companies. Some of its tenants include major corporations such as LinkedIn, Shutterstock, and Clear Channel Communications. The company's retail properties include ground-floor space in its office buildings as well as standalone retail locations, and mostly cater to the high-end luxury market.
One of the key strategies of Empire State Realty OP L.P. is to create value through improving the efficiency and sustainability of its properties. The company has invested heavily in green initiatives such as energy-efficient lighting, HVAC systems, and water conservation, which have resulted in significant cost savings for the company and its tenants, as well as a reduced environmental footprint.
Empire State Realty OP L.P. is publicly traded and listed on the New York Stock Exchange under the ticker symbol "ESRT". The company is managed by a team of experienced professionals in the real estate industry, who are dedicated to creating long-term value for shareholders while maintaining the highest standards of corporate governance and transparency.
Company Address: 111 West 33rd Street New York 10120 NY
Company Phone Number: 687-8700 Stock Exchange / Ticker: NYSEArca ESBA
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96.87 %