Foot Locker Leases 34,200 Square Feet At ESRT’s 112 West 34th Street

Foot Locker, Inc. (NYSE: FL), the world’s leading retailer of athletic footwear and apparel, with nearly 3,500 stores around the globe, has signed a new retail lease to retain its flagship location at 112 West 34th Street, in the heart of Manhattan’s bustling 34th Street corridor, announced landlord Empire State Realty Trust, Inc. (NYSE: ESRT).

112 W. 34th Street is located directly opposite Macy’s world flagship store, at the intersection of Broadway, Avenue of the Americas and West 34th Street, where an estimated 100 million pedestrians pass by annually. Foot Locker will consolidate from three floors into 34,200 square feet on a portion of the ground floor and the entire second floor.

The long-term transaction follows on the heels of ESRT’s major retail lease with Sephora, which recently signed a deal for 11,334 square feet of flagship space in the same building.

“Foot Locker’s decision to recast its lease and build a new multi-level flagship store underscores the retail power of 34th Street,” said Thomas P. Durels, ESRT’s Executive Vice President, Director of Leasing and Operations. “With Foot Locker and Sephora already in place, we have one more retail vacancy available at 112.”

Foot Locker operates 3,473 athletic retail stores in 23 countries under the brand names Foot Locker, Kids Foot Locker, Footaction, Lady Foot Locker, SIX:02, Runners Point, Sidestep and Champs Sports.

Landlord representation was provided by Fred C. Posniak of ESRT along with Joanne Podell and Ian Lerner of Cushman & Wakefield. Rob Martin of JLL represented Foot Locker.

35,866 square feet of prime retail space, which includes 7,718 square feet on the ground floor and 28,148 square feet on the lower level, remain available at 112 West 34th Street. For more information, please contact Ms. Podell at 212-841-5972 or joane.podell@cushwake.com.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” “Business,” and “Properties.” While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company’s future results, performance or transactions, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).
 

Empire State Realty Trust Announces First Quarter 2015 Results

Empire State Realty Trust, Inc. (NYSE:ESRT) (the “Company”), a real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today reported operational and financial results for the first quarter 2015.

“We are very pleased with our first quarter performance, particularly our volume of leases signed and industry-leading spreads that averaged 67.8% for new Manhattan office leases and 149.5% across all leases. These results reflect strong momentum to start the year and underscore the efficacy of our program to recapture, redevelop efficiently and lease our space for longer term leases with better credit tenants,” stated Anthony E. Malkin, Empire State Realty Trust’s Chairman and Chief Executive Officer. Mr. Malkin continued, “At the Empire State Building, we again experienced strong year over year revenue growth in the first quarter for our Observatory, despite an increase in bad weather days that affected attendance. Finally, we strengthened our balance sheet even further with the completion of our private placement of senior unsecured notes, which significantly extended our maturities and increased our financial flexibility. We will continue to focus on deploying our capital to achieve outsized returns over the long term for our shareholders.”

First Quarter Highlights

  • Achieved Core Funds From Operations (“Core FFO”) of $0.20 per fully diluted share and net income attributable to the Company of $0.03 per fully diluted share.
  • Total portfolio was 87.6% occupied; including signed leases not commenced (“SLNC”), the total portfolio was 90.0% leased at March 31, 2015.
  • Manhattan office portfolio (excluding the retail component of these properties) was 86.1% occupied; including SLNC, the Manhattan office portfolio was 88.8% leased at March 31, 2015.
  • Retail portfolio was 91.2% occupied; including SLNC, the retail portfolio was 92.7% leased at March 31, 2015.
  • Empire State Building was 84.2% occupied; including SLNC, the Empire State Building was 89.8% leased at March 31, 2015.
  • Executed 60 leases, representing 418,092 rentable square feet across the total portfolio, achieving a 149.5% increase in mark-to-market rent over previously fully escalated rents on new, renewal, and expansion leases.
  • Signed 21 new leases representing 264,839 rentable square feet of new leases in the first quarter 2015 for the Manhattan office portfolio (excluding the retail component of these properties), achieving an increase of 67.8% in mark-to-market rent over previously fully escalated rents.
  • Signed five new retail leases representing 50,331 rentable square feet of new leases in the first quarter 2015 for the retail component of the Manhattan office portfolio, achieving an increase of 861.0% in mark-to-market rent over previously fully escalated rents.
  • The Empire State Building Observatory revenue for the first quarter 2015 grew 5.2% to $18.2 million, from $17.3 million in the first quarter 2014.
  • Recast its corporate credit facility, converting it from a secured to an unsecured facility, reducing its interest rate and extending its maturity by one year.
  • Completed a private placement of $350 million aggregate principal amount of senior unsecured notes with a blended 12.5 year average life and 4.08% coupon.
  • Declared a dividend in the amount of $0.085 per share for the first quarter 2015, which was paid on March 31, 2015.

Financial Results for the First Quarter 2015

Core FFO was $52.7 million, or $0.20 per fully diluted share, compared to $41.7 million, or $0.17 per fully diluted share in the first quarter of 2014.

Modified FFO was $50.8 million, or $0.19 per fully diluted share, compared to $41.7 million, or $0.17 per fully diluted share in the first quarter of 2014.

FFO was $48.9 million, or $0.18 per fully diluted share, compared to $41.3 million or $0.17 per fully diluted share in the first quarter of 2014.

Net income attributable to common stockholders was $3.1 million, or $0.03 per fully diluted share, compared to $4.4 million, or $0.05 per fully diluted share, in the first quarter of 2014.

Portfolio Operations

The Company reported that its total portfolio as of March 31, 2015, containing 10.0 million rentable square feet of office and retail space, was 87.6% occupied at the end of the first quarter 2015. Including SLNC, the Company’s portfolio was 90.0% leased at March 31, 2015.

The Company’s same store portfolio, defined as the total portfolio excluding 112 West 34th Street and 1400 Broadway and containing 8.4 million rentable square feet of office and retail space, was 88.1% occupied at the end of the first quarter 2015. Percentage occupied was down 110 basis points from 89.2% at the end of the fourth quarter 2014, and up 90 basis points from 87.2% at the end of the first quarter 2014. Including SLNC, the Company’s same store portfolio was 90.5% leased at March 31, 2015.

The Company’s office portfolio (excluding the retail component of these properties), containing 9.3 million rentable square feet, was 87.3% occupied at the end of the first quarter 2015. On a same store basis, the office portfolio was 87.9% occupied, down 100 basis points from the end of the fourth quarter 2014, and up 110 basis points from the end of the first quarter 2014. Including SLNC, the Company’s office portfolio (excluding the retail component of these properties) was 89.7% leased at March 31, 2015.

The Manhattan office portfolio (excluding the retail component of these properties), containing 7.4 million rentable square feet was 86.1% occupied at the end of the first quarter 2015. On a same store basis, the Manhattan office portfolio was 86.6% occupied, down 160 basis points from the end of the fourth quarter 2014, and up 60 basis points from the end of the first quarter 2014. Including SLNC, the Company’s Manhattan office portfolio (excluding the retail component of these properties) was 88.8% leased at March 31, 2015.

The Company’s retail portfolio, containing approximately 727,000 rentable square feet, was 91.2% occupied at the end of the first quarter 2015. On a same store basis, the retail portfolio was 90.9% occupied, which compares to 93.2% at the end of the fourth quarter of 2014 and 92.2% at the end of the first quarter 2014. Including SLNC, the Company’s retail portfolio was 92.7% leased at March 31, 2015.

Leasing

For the three months ended March 31, 2015, the Company executed 60 leases within the total portfolio, comprising 418,092 rentable square feet. Total leasing volume included 55 office leases, comprising 367,761 rentable square feet, and five retail leases, comprising 50,331 rentable square feet.

On a blended basis, the 60 new, renewal and expansion leases signed within the total portfolio during the quarter had an average starting rental rate of $88.38 per rentable square foot, representing an increase of 149.5% over the prior in-place rent on a fully escalated basis.

On a blended basis, the 55 new, renewal and expansion office leases signed within the total portfolio during the quarter had an average starting rental rate of $52.64 per rentable square foot, representing an increase of 49.0% over the prior in-place rent on a fully escalated basis.

On a blended basis, the five new retail leases signed within the total portfolio during the quarter had an average starting rental rate of $347.32 per rentable square foot, representing an increase of 861.0% over the prior in-place rent on a fully escalated basis.

Leases signed in the First Quarter 2015 for the Manhattan office portfolio

  • 21 new leases comprising 264,839 rentable square feet, with an average starting rental rate of $54.62 per rentable square foot, representing an increase of 67.8% over the prior in-place rent on a fully escalated basis, and
  • 22 renewal leases, comprising 56,210 rentable square feet, with an average starting rental rate of $52.87 per rentable square foot, representing an increase of 15.3% over the prior in-place rent on a fully escalated basis.

Significant Leases Executed During the First Quarter

  • At 1400 Broadway, the Company signed a 78,787 rentable square foot expansion lease with OnDeck Capital Inc., a leading platform for small business loans, for a term of 11 years. OnDeck Capital, Inc. now leases a total of 117,248 rentable square feet.
  • At the Empire State Building, the Company signed a 78,361 rentable square foot new lease for a total of three floors with HNTB Corporation, an infrastructure solutions firm, for a term of 10.4 years.
  • At 112 West 34th Street, the Company signed a 34,192 rentable square foot lease recast with Foot Locker Retail Inc., a sportswear and footwear retailer, for a term of 15.5 years.
  • At 112 West 34th Street, the Company signed an 11,334 rentable square foot new lease with Sephora USA, LLC, a beauty-retail concept owned by LVMH Moët Hennessy Louis Vuitton S.A., one of the world’s leading luxury goods retailers.

Empire State Building

The Company continues to renovate and lease the 2.8 million rentable square foot Empire State Building, its flagship property. At March 31, 2015, the Empire State Building was 84.2% occupied; including SLNC, the Empire State Building was 89.8% leased.

During the first quarter 2015, the Company executed 10 office leases at the Empire State Building, representing 161,727 rentable square feet in the aggregate.

The Observatory revenue for the first quarter grew 5.2% to $18.2 million, from $17.3 million in the first quarter 2014. The increase in Observatory revenue was driven by higher admission prices. The Observatory hosted approximately 622,000 visitors in the first quarter 2015 versus 664,000 visitors in the first quarter of 2014. In the first quarter of 2015, there were 25 bad weather days, nine of which fell on weekend days. This compares to the first quarter 2014, in which we experienced 21 bad weather days, eight of which fell on weekend days.

Balance Sheet and Financial Transactions

As of March 31, 2015, the outstanding balance on the Company’s unsecured revolving credit facility was $165.0 million. During the quarter, the Company terminated its previous secured term loan and revolving credit facility and entered into a new $800 million unsecured revolving credit facility, which has an accordion feature, allowing for an increase in its maximum aggregate principal balance to $1.25 billion under certain circumstances.

At March 31, 2015, the Company had total debt outstanding of approximately $1.6 billion, with a weighted average interest rate of 4.10% per annum, and a weighted average term to maturity of 5.6 years. At March 31, 2015, the Company had no debt maturing during 2015 and 2016. The Company’s consolidated debt to total market capitalization was approximately 24% as of March 31, 2015.

On March 27, 2015, the Company issued and sold an aggregate principal amount of $350 million of its senior unsecured notes in a private placement. The notes have a blended 12.5 year average life and a 4.08% coupon. Proceeds were used to repay outstanding mortgage debt, to reduce amounts outstanding under its unsecured credit facility and for other general corporate purposes.

Weighted average shares and operating partnership units were 265.8 million in the first quarter 2015, compared to 244.4 million in the first quarter 2014. The increase is attributable to the issuance of shares and operating partnership units in connection with the acquisition of two properties in July 2014.

Dividend

On March 31, 2015, the Company paid a dividend of $0.085 per share for the first quarter 2015 to holders of the Company’s Class A common stock and Class B common stock and to holders of the operating partnership’s Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership units. The Company paid a dividend of $0.15 per unit for the first quarter 2015 to holders of the operating partnership’s private perpetual preferred units.

Webcast and Conference Call Details

Empire State Realty Trust, Inc. will host a webcast and conference call, open to the general public, on Wednesday, April 29, 2015 at 8:30 am Eastern time.

The webcast will be available in the Investors section of the Company’s website at www.empirestaterealtytrust.com. To listen to a live broadcast, go to the site at least 5 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. Shortly after the call, a replay of the webcast will be available for 90 days on the Company’s website.

The conference call can be accessed by dialing 1-877-407-3982 for domestic callers or 1-201-493-6780 for international callers. A replay will be available shortly after the call and can be accessed by dialing 1-877-870-5176 for domestic callers or 1-858-384-5517 for international callers. The passcode for the replay is 13606506. A replay of the conference call will be available until May 6, 2015.

The Supplemental Report will be available prior to the conference call in the Investors section of the Company’s website, www.empirestaterealtytrust.com.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of March 31, 2015, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 727,000 rentable square feet in the retail portfolio.

Non-GAAP Financial Measures

The Company has used non-GAAP financial measures in this press release. A reconciliation of each non-GAAP financial measure and the comparable GAAP financial measure can be found on page 10 of this release and in the Company’s supplemental report.

Forward-Looking Statements

This press release includes “forward looking statements.” Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Business,” and “Properties” and (ii) in future periodic reports filed by the Company under the Securities and Exchange Act of 1934, as amended. While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company’s future results, performance or transactions, see the section entitled “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).

Empire State Realty Trust Announces First Quarter and 2015 Results
Empire State Realty Trust Announces First Quarter and 2015 Results
Empire State Realty Trust Announces First Quarter and 2015 Results

Investors
Empire State Realty Trust Investor Relations
212-850-2678
IR@empirestaterealtytrust.com
or
Media
Sard Verbinnen & Co.
Brandy Bergman/Hugh Burns
212-687-8080

Empire State Realty Trust Partners With Whitney Museum For Empire State Building Light Show On May 1 Inspired By Iconic Works Of American Art

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that the Empire State Building (ESB) will partner with the Whitney Museum of American Art to design a one-of-a-kind light show, showcasing an interpretation of works of American art from the Whitney’s collection. The light show, taking place on Friday, May 1, 2015, will unite the two icons as they mark historic occasions: the opening day of the Whitney’s new building in Manhattan’s Meatpacking District and the 84th anniversary of ESB.

Internationally-acclaimed lighting designer Marc Brickman will interpret twelve iconic works from the Whitney’s collection by artists including Georgia O’Keeffe, Edward Hopper, Andy Warhol, Peter Halley and Barbara Kruger, utilizing the building’s LED tower lights to create a dynamic show. Beginning at 8 p.m. on Friday, May 1, each artwork-inspired lighting display will be showcased on the architectural landmark for thirty minutes, with the light show ending at 2 a.m. on Saturday, May 2. Most of the works that inspired the light show will be on view at the Whitney as part of the new building’s inaugural exhibition, America Is Hard to See, May 1-September 27, 2015.

“The Empire State Building has brought music, sports and elections to life with our state-of-the-art lighting system, and now we’re delighted to showcase the impressive artwork of the Whitney Museum of American Art,” said Anthony E. Malkin, Chairman and Chief Executive Officer of ESRT. “Our partnership with the Whitney will give the people of New York a celebration of two of the city’s iconic institutions.”

To kick off the celebration, ESB will host a lighting ceremony for invited media and guests on May 1. John B. Kessler, President and Chief Operating Officer of Empire State Realty Trust; Adam D. Weinberg, the Whitney’s Alice Pratt Brown Director; Donna De Salvo, the Whitney’s Chief Curator and Deputy Director for Programs; and some of the artists whose work will be interpreted in the light show will jointly flip the “switch” and light ESB in celebratory colors.

A special viewing for museum visitors will be held at the Whitney’s new building at 99 Gansevoort Street on Friday, May 1, from 8 p.m. until 10 p.m., which has stunning views of ESB from its four, east-facing terraces. The works can be viewed online at www.whitney.org/ESB.

“We’re thrilled to see these incredible works from the Whitney’s collection interpreted on one of the most iconic buildings in the world—one that has been the subject of many an artist’s work,” said Donna De Salvo, the Whitney’s Chief Curator and Deputy Director for Programs. “We can’t imagine a more spectacular way in which to signal the opening of our new building and celebrate the art and artists of the United States.”

Featured Artworks:
Georgia O’Keeffe, Music Pink and Blue No. 2, 1918
Edward Hopper, Railroad Sunset, 1929
Chiura Obata, Evening Glow of Yosemite Fall, 1930
Mary Ellen Bute, Synchromy No. 4: Escape, 1937-1938
William H. Johnson, Blind Singer, c.1942
Mark Rothko, Untitled (Blue, Yellow, Green on Red), 1954
Jasper Johns, Three Flags, 1958
Andy Warhol, Flowers, 1970
Elizabeth Murray, Children Meeting, 1978
Peter Halley, Blue Cell with Triple Conduit, 1986
Barbara Kruger, We Don’t Need Another Hero, 1987
Cory Arcangel, Super Mario Clouds, 2002

About the Empire State Building

Soaring 1,454 feet above Midtown Manhattan (from base to antenna), the Empire State Building, owned by Empire State Realty Trust, Inc., is the “World’s Most Famous Office Building.” With new investments in energy efficiency, infrastructure, public areas and amenities, the Empire State Building has attracted first-rate tenants in a diverse array of industries from around the world. The skyscraper’s robust broadcasting technology supports all major television and FM radio stations in the New York metropolitan market. The Empire State Building was named America’s favorite building in a poll conducted by the American Institute of Architects, and the Empire State Building Observatory is one of the world’s most beloved attractions as the region’s #1 tourist destination. For more information on the Empire State Building, please visit www.empirestatebuilding.comwww.facebook.com/empirestatebuilding@EmpireStateBldgwww.instagram.com/empirestatebldgwww.youtube.com/esbnyc or www.pinterest.com/empirestatebldg/.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.

About the Whitney

The Whitney Museum of American Art, founded in 1930 by the artist and philanthropist Gertrude Vanderbilt Whitney (1875−1942), houses the foremost collection of American art from the twentieth and twenty-first centuries. Mrs. Whitney, an early and ardent supporter of modern American art, nurtured groundbreaking artists at a time when audiences were still largely preoccupied with the Old Masters. From her vision arose the Whitney Museum of American Art, which has been championing the most innovative art of the United States for more than eighty years. The core of the Whitney’s mission is to collect, preserve, interpret, and exhibit American art of our time and serve a wide variety of audiences in celebration of the complexity and diversity of art and culture in the United States. Through this mission and a steadfast commitment to artists themselves, the Whitney has long been a powerful force in support of modern and contemporary art and continues to help define what is new and influential in American art today. For more information about the Whitney, visit whitney.org, twitter.com/whitneymuseumfacebook.com/whitneymuseuminstagram.com/whitneymuseum and whitneymuseum.tumblr.com.
 

Workday Expands East Coast Footprint, Leases More Than 20,000 SF At The Empire State Building

Workday, Inc. (NYSE: WDAY) has expanded its New York headquarters within the Empire State Realty Trust, Inc. (NYSE:ESRT) portfolio, relocating from approximately 7,000 square feet at One Grand Central Place to 21,401 square feet on the 49th floor of the Empire State Building, announced ESRT.

“We’re pleased that Workday has chosen to expand within our portfolio, and that we were able to accommodate Workday’s expansion from a small suite at One Grand Central Placeto nearly a full floor at the Empire State Building for its growing operations,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT.

Headquartered in Pleasanton, CA, Workday provides applications to many of the world’s largest companies, educational institutions, and government agencies. Among its clients are Amgen, Avon, Bank of America, Chiquita Brands International, Etsy, HP, Johnson & Johnson, MGM Resorts International, Nissan, Panasonic, Symantec, TripAdvisor, Visa, and Yahoo, to name just a few.

Robert Lowe and David Berke of Cushman & Wakefield represented Workday. Landlord representation was provided by Ryan O. Kass and Fred C. Posniak of ESRT, along with William Cohen, Jonathan Tootell and Shanae Ursini of Newmark Grubb Knight Frank.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.

*Please note all lease square footages noted are approximate.

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates,” “contemplates,” “aims,” “continues,” “would” or “anticipates” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, including those set forth under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Business” and “Properties.” While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could impact the Company’s future results, performance or transactions, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Prospective investors should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company (or to third parties making the forward-looking statements).

Empire State Realty Trust Announces Dates for First Quarter 2015 Earnings Release and Conference Call

Empire State Realty Trust, Inc. (NYSE:ESRT) (the “Company”), today announced that the Company will release its first quarter 2015 financial results on Tuesday, April 28, 2015 after close of markets on the New York Stock Exchange. A conference call will be held on Wednesday, April 29, 2015 at 8:30 a.m. Eastern Time.

During the conference call, the Company’s officers will review first quarter performance, discuss recent events and conduct a question-and-answer period. The earnings release and supplemental package will be available prior to the quarterly conference call on the Company’s website, www.empirestaterealtytrust.com, under “Quarterly Earnings” in the “Investors” section.

Webcast

The conference call will also be available in the “Investors” section of the Company’s website at www.empirestaterealtytrust.com. To listen to a live broadcast, go to the site at least five minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Company’s website.

To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-877-407-3982
International: 1-201-493-6780

Conference Call Playback:
Domestic: 1-877-870-5176
International: 1-858-384-5517
Passcode: 13606506
The playback can be accessed through May 6, 2015.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.

Empire State Realty Trust Investor Relations
212-850-2678
IR@empirestaterealtytrust.com