Empire State Building Lets Fans Choose 85th Birthday Suit

NEW YORK, April 28, 2016 /PRNewswire/ — The Empire State Building will give social media fans the choice of its tower lights for its 85th anniversary on May 1. The World’s Most Famous Building’s lights are the iconic focus of the New York City skyline and this is the only time in history that the public has been given a voice in its lighting scheme. 
On April 28, five lighting schemes, designed by world-famous lighting designer Marc Brickman, will be featured on ESB’s social media platforms. Fans will have until 4 P.M. EST on April 30 to vote via Facebook, Twitter, Instagram, Weibo and WeChat. The winning colors will be revealed at sundown on May 1, when the tower lights are illuminated.

Fans will have the option of choosing from the below lighting schemes which celebrate the birthday theme:

• Dynamic, fireworks-inspired lighting 
• Confetti flourishes of color 
• Signature white lights with a flickering candle 
• Red with white ribbon stripes 
• Sparkling signature white lights

As an extra treat, ESB will share interesting facts about the building, historical photos, quizzes, and an interactive “decorate the building” activity on social media throughout its anniversary month of May to engage followers in the celebration of the fact the Building is 85 years young. Users can engage in the festivities by using the hashtag #ESBday and tagging ESB in all posts on Facebook, Twitter, Instagram, Weibo and WeChat.

“We are excited to celebrate this milestone with the worldwide fans of the building, and we encourage everyone to join in the fun,” says Anthony E. Malkin, Chairman and CEO of the building’s owner, Empire State Realty Trust (NYSE: ESRT). “At 85 years young, the building is loved around the world and we wanted to invite everyone to join the celebration. Completely upgraded for the 21st Century, the only urban campus within a building, the Empire State Building is more than just the center of the New York City skyline. She is more vital than ever and more competitive, energy efficient, and technologically advanced than virtually any brand new building.” To learn more about ESB and to purchase tickets to our world-famous Observatories, please visit www.empirestatebuilding.com.

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 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.com, www.facebook.com/empirestatebuilding, @EmpireStateBldg, www.instagram.com/empirestatebldg, http://weibo.com/empirestatebuilding, www.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 building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of December 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 723,000 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 (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 2016 Results

– Reports Core FFO of $0.22 Per Fully Diluted Share –

– Leased 255,723 Square Feet of Office and Retail Space –

– Achieved a 50.9% Increase in Mark-To-Market Rent on New Manhattan Office Leases –

NEW YORK–(BUSINESS WIRE)– 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 its operational and financial results for the first quarter of 2016.

“Our strong first quarter results, including a 10% increase in Core FFO per share over the prior year, reflect the successful execution of our strategy to consolidate, redevelop and re-lease space to larger, higher credit quality tenants at materially higher rents,” stated John B. Kessler, Empire State Realty Trust’s President and Chief Operating Officer. “In the face of solid leasing demand, our newly renovated space, coupled with our relatively low in-place expiring rents, achieved market-leading spreads on new Manhattan office and retail leases, which exceeded 50% and 110%, respectively, this quarter. Prospective tenants are attracted to our value price point at our well located, amenity-rich office buildings.”

“Observatory revenues increased 16.5% over the first quarter of last year, which can be attributed in parts to increased tourist visits, favorable weather conditions, the calendar shift of Easter weekend to the first quarter of 2016, and our revenue mix. Finally, our low-levered balance sheet remains strong and supports our strategy to unlock the embedded, de-risked growth within our portfolio and create long term value for our shareholders, with whom our management team remains highly aligned. We had limited new net borrowings during the past year and continue to maintain high levels of liquidity.”

First Quarter Highlights

  • Achieved Core Funds From Operations (“Core FFO”) of $0.22 per fully diluted share and net income attributable to the Company of $0.06 per fully diluted share.
  • Occupancy and leased percentages at March 31, 2016:
    • Total portfolio was 88.2% occupied; including signed leases not commenced (“SLNC”), the total portfolio was 89.8% leased.
    • Manhattan office portfolio (excluding the retail component of these properties) was 86.4% occupied; including SLNC, the Manhattan office portfolio was 88.2% leased.
    • Retail portfolio was 91.4% occupied; including SLNC, the retail portfolio was 93.4% leased.
    • Empire State Building was 89.2% occupied; including SLNC, the Empire State Building was 90.7% leased.
  • Executed 47 leases, representing 255,723 rentable square feet across the total portfolio, achieving a 42.9% increase in mark-to-market rent over previous fully escalated rents on new, renewal, and expansion leases.
  • Signed 15 new leases representing 135,603 rentable square feet in the first quarter 2016 for the Manhattan office portfolio (excluding the retail component of these properties), achieving an increase of 50.9% in mark-to-market rent over previous fully escalated rents.
  • The Empire State Building Observatory revenue for the first quarter 2016 grew 16.5% to $21.2 million from $18.2 million in the first quarter 2015.
  • Refinanced 10 Union Square East with a new 10 year, $50.0 million mortgage loan, reducing the interest rate from 6.0% to 3.7%, and generated net refinancing proceeds of approximately $29.8 million which were applied to pay down the Company’s credit facility.
  • Declared a dividend in the amount of $0.085 per share for the first quarter 2016, which was paid on March 31, 2016.

Financial Results for the First Quarter 2016

Core FFO was $58.2 million, or $0.22 per fully diluted share, compared to $52.7 million, or $0.20 per fully diluted share, in the first quarter of 2015.

Modified FFO was $57.5 million, or $0.22 per fully diluted share, compared to $50.8 million, or $0.19 per fully diluted share, in the first quarter of 2015.

FFO was $55.5 million, or $0.21 per fully diluted share, compared to $48.9 million, or $0.18 per fully diluted share, in the first quarter of 2015.

Net income attributable to common stockholders was $7.4 million, or $0.06 per fully diluted share, compared to $3.1 million, or $0.03 per fully diluted share, in the first quarter of 2015.

A reconciliation of net income to FFO, Modified FFO and Core FFO is provided in the tables accompanying this press release.

Portfolio Operations

As of March 31, 2016, the Company’s total portfolio contained 10.1 million rentable square feet of office and retail space and was 88.2% occupied. Percentage occupied was up 90 basis points from 87.3% at the end of the fourth quarter 2015, and up 60 basis points from 87.6% at the end of the first quarter 2015. Including SLNC, the Company’s portfolio was 89.8% leased at March 31, 2016.

The Company’s office portfolio (excluding the retail component of these properties), containing 9.4 million rentable square feet, was 88.0% occupied at the end of the first quarter 2016, up 130 basis points from the end of the fourth quarter 2015, and up 70 basis points from the end of the first quarter 2015. Including SLNC, the Company’s office portfolio (excluding the retail component of these properties) was 89.5% leased at March 31, 2016.

The Manhattan office portfolio (excluding the retail component of these properties), containing 7.5 million rentable square feet, was 86.4% occupied at the end of the first quarter 2016, up 150 basis points from the end of the fourth quarter 2015, and up 30 basis points from the end of the first quarter 2015. Including SLNC, the Company’s Manhattan office portfolio (excluding the retail component of these properties) was 88.2% leased at March 31, 2016.

The Company’s retail portfolio, containing approximately 721,000 rentable square feet, was 91.4% occupied at the end of the first quarter 2016, down 290 basis points from the end of the fourth quarter 2015, and up 20 basis points from the end of the first quarter 2015. Including SLNC, the Company’s retail portfolio was 93.4% leased at March 31, 2016.

Leasing

For the three months ended March 31, 2016, the Company executed 47 new, renewal, and expansion leases within the total portfolio, comprising 255,723 rentable square feet with an average starting rental rate of $61.63 per rentable square foot, representing an increase of 42.9% over the prior in-place rent on a fully escalated basis.

On a blended basis, the 41 new, renewal, and expansion office leases signed within the total portfolio during the quarter had an average starting rental rate of $52.29 per rentable square foot, representing an increase of 31.9% over the prior in-place rent on a fully escalated basis.

On a blended basis, the six new, renewal, and expansion retail leases signed within the total portfolio during the quarter had an average starting rental rate of $207.39 per rentable square foot, representing an increase of 108.5% over the prior in-place rent on a fully escalated basis.

Leases Signed in the First Quarter 2016 for the Manhattan Office Portfolio

  • 15 new leases comprising 135,603 rentable square feet, with an average starting rental rate of $60.01 per rentable square foot, representing an increase of 50.9% over the prior in-place rent on a fully escalated basis, and
  • 15 renewal leases, comprising 47,465 rentable square feet, with an average starting rental rate of $58.89 per rentable square foot, representing an increase of 29.6% over the prior in-place rent on a fully escalated basis.

Significant Leases Executed During the First Quarter 2016

  • At 250 West 57th Street, the Company signed a new lease for one and a half floors, totaling 38,000 rentable square feet, with the insurance provider Guildnet, for a term of 10.9 years.
  • At the Empire State Building, the Company signed a full floor 25,000 rentable square foot expansion lease with Shutterstock, for a term of 13.3 years. Shutterstock now leases over 105,000 rentable square feet.

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, 2016, the Empire State Building was 89.2% occupied; including SLNC, the Empire State Building was 90.7% leased.

During the first quarter 2016, the Company executed ten office leases at the Empire State Building, representing 56,818 rentable square feet in the aggregate and one retail lease representing 5,332 rentable square feet.

The Observatory revenue for the first quarter 2016 grew 16.5% to $21.2 million, from $18.2 million in the first quarter 2015. The Observatory hosted approximately 719,000 visitors in the first quarter 2016 compared to 622,000 visitors in the first quarter 2015, an increase of 15.6%. A portion of this increase can be apportioned to the shift of the Easter weekend to the first quarter in 2016 from the second quarter in 2015. In the first quarter 2016, there were two bad weather days which fell on a weekend. This compares to the first quarter 2015, in which there were nine bad weather days which fell on weekends.

Balance Sheet

At March 31, 2016, there was no outstanding balance on the Company’s $800.0 million unsecured revolving credit facility. The unsecured revolving credit facility has an accordion feature allowing for an increase in its maximum aggregate principal balance to $1.25 billion under certain circumstances.

At March 31, 2016, the Company had total debt outstanding of approximately $1.6 billion, with a weighted average interest rate of 4.14% per annum, and a weighted average term to maturity of 5.4 years. As of March 31, 2016, the Company had no debt maturing during 2016. The Company’s consolidated debt to total market capitalization was approximately 26% as of March 31, 2016 and consolidated net debt to EBITDA was 4.8x.

During the quarter, the Company refinanced at a lower rate its 6.0% $20 million mortgage loan on its 10 Union Square East property. The new $50 million mortgage loan has a ten year term and bears interest at a fixed rate of 3.7%. The additional proceeds were used to reduce amounts outstanding under the Company’s unsecured revolving credit facility. The Company expensed $0.2 million of unamortized deferred finance costs and incurred a $0.4 million prepayment penalty, which will be offset by interest cost savings.

Dividend

On March 31, 2016, the Company paid a dividend of $0.085 per share for the first quarter 2016 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 2016 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 Thursday, April 28, 2016 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 five 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 13634157. A replay of the conference call will be available until May 5, 2016.

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 building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of March 31, 2016, consisting of 9.4 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 721,000 rentable square feet in the retail portfolio.

Forward-Looking Statements

This press release includes “forward looking statements” within the meaning of the federal securities laws. 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: changes in our industry, the real estate markets, either nationally or in Manhattan or the greater New York metropolitan area; resolution of the litigations and arbitration involving the company; reduced demand for office or retail space; general volatility of the capital and credit markets and the market price of our Class A common stock and our publicly-traded OP Units; changes in technology and market competition, which affect utilization of our broadcast or other facilities; changes in domestic or international tourism, including geopolitical events and currency exchange rates; defaults on, early terminations of, or non-renewal of leases by tenants; fluctuations in interest rates; declining real estate valuations and impairment charges; our failure to obtain necessary outside financing, including our unsecured revolving credit facility; decreased rental rates or increased vacancy rates; our failure to redevelop and reposition properties successfully or on the anticipated timeline or at the anticipated costs; difficulties in identifying properties to acquire and completing acquisitions; risks of real estate development (including our Metro Tower development site), including the cost of construction delays and cost overruns; and conflicts of interest affecting any of our senior management team.

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, 2015, 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, Inc.
Condensed Consolidated Statements of Income
(unaudited and amounts in thousands, except per share data)

Empire State Realty Trust Announces First Quarter 2016 Results
Empire State Realty Trust Announces First Quarter 2016 Results
Empire State Realty Trust Announces First Quarter 2016 Results

View source version on businesswire.com: http://www.businesswire.com/news/home/20160427006380/en/

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 Announces New Premium Experience For Visitors To The World’s Most Iconic Attraction

NEW YORK CITY, April 18, 2016 – Empire State Realty Trust, Inc. (NYSE: ESRT) today announced “The Empire State Building Premium Experience”—an exclusive, guided tour for visitors to the iconic international attraction.

The Premium Experience, solely available through limited, timed, advance reservations made online at www.esbnyc.com, takes groups of up to seven guests throughout the Empire State Building (ESB), including the beautifully restored Art Deco lobby, ESB’s Celebrity Walk featuring famous celebrities and dignitaries who have visited ESB, the Sustainability Exhibit showcasing ESB’s groundbreaking, award-winning energy efficiency retrofit, the “Dare to Dream” Exhibit detailing the historic construction of the building, the 86th floor open-air Observatory, and the grand finale of the 102nd floor Observatory which provides unparalleled, 360-degree views of New York City and beyond. ESB Observatory Ambassadors are able to customize each tour to the group’s interests, allowing group members to explore new areas, learn facts and trivia not covered in a standard visit, and focus on those areas of the experience that are most important to them.

“‘The Empire State Building Premium Experience’ provides a private, customized, educational experience for those looking to connect with the international icon of New York City in a unique and personal way,” said Jean-Yves Ghazi, Director of the Observatory. “The tour offers limited, timed, exclusive access each day, and will deliver the most intimate experience with the World’s Most Famous Building.”

The Empire State Building Premium Experience includes:

  • A 90-minute, guided tour with an Empire State Building Observatory Ambassador which includes VIP priority express access throughout the visit.
  • A commemorative souvenir photograph.
  • An intimate experience with a maximum of seven persons per tour.

In order to further enhance the experience, guests are encouraged to download the Empire State Building‘s exclusive complimentary multimedia app prior to their visit on iTunes and Google Play.

The Premium Experience is available three times a day and is priced at $150 per person. Reservations are only available via an online appointment system at https://ticketing.esbnyc.com/webstore/Shop/ViewItems.aspx?CG=VIP&C=VIP.

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 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.esbnyc.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 building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of December 31, 2015, consisting of 9.4 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 724,000 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 (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, 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, 2015, 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 Building Broadcasting Featured at 2016 NAB Show

NEW YORK CITY, April 14, 2016 – Empire State Realty Trust, Inc. (NYSE:ESRT) will participate in a featured presentation at the NAB Show Broadcasting Engineering Conference on Tuesday, April 19th, 2016, 4:30 – 5:30 p.m. PT at the Las Vegas Convention Center, Room S228. Shane O’Donoghue, Director of Broadcasting for Empire State Building, will speak on the Consequences of the Incentive Auction for Broadcasters as part of a planning and problem-solving expert panel. Plans are underway to successfully manage the FCC’s 39-month time period allotted for broadcasters to transition their services to assure uninterrupted service to the sophisticated, mission-critical broadcast communications of the 14 TV stations and 19 FM radio stations broadcasting from the Empire State Building.

The panel includes broadcast technology, legal and regulatory experts who will address spectrum repacking challenges, reimbursement issues and resource allocation.

Mr. O’Donoghue’s perspective from the Empire State Building will serve as an example to other broadcasters. He manages the largest over-the-air broadcasting transmission facility in the United States, serving New York—the #1 U.S. broadcast market—as home to 19 FM radio stations, 14 television stations, and city, federal and commercial communication services. The Empire State Building’s telecommunications infrastructure reaches the most people from a single tower anywhere in the world. Broadcast stations have continually operated from ESB for the past 83 years. It is the site of the first experimental TV broadcasts, FM experimental broadcasts and now a showcase of today’s digital media transformation.

Panelists include:

  • Doug Lung, VP of Technology, NBC Owned Stations, NBC Universal
  • Shane O’Donoghue, Director of Broadcasting, Empire State Building/Empire State Realty Trust
  • Kevin Fisher, President, Smith & Fisher
  • Davina Sashkin, Fletcher, Heald and Hildreth
  • Tom Silliman, President, Electronics Research Inc.

Moderator:

  • Peggy Miles, President, InterVox Communications

The NAB Show www.nabshow.com is the annual conference for the National Association of Broadcasters www.nab.org Session Information: http://bit.do/incentiveauction

About Empire State Building Broadcasting 
Empire State Building (ESB) Broadcasting remains at the center of the New York Tri-State Region’s broadcasting operations. ESB’s central location and height allow delivery of over-the-air broadcast signals to the entire designated market area. ESB offers multiple antennae location options and combiner and transmitter rooms for all broadcasting needs. ESB is a state-of-the-art facility, from its comprehensive power distribution and RF Monitoring System to work safety and security protocols, ensuring the highest level of service to our broadcasting and telecommunications clients. ESB is currently underway with a major tower project that includes a new master FM auxiliary antenna and RF safe climbing aperture that will facilitate ease of future work and maintenance. ESB is WiredNYC Platinum certified and provides state-of-the-art communications backbone with redundancies and distributed antenna system (DAS) to assure robust and reliable communications systems. ESB amenities include largest tenant only fitness center (15,000 sq ft), tenant only conference center, seven in building culinary options, bike room, messenger service, and 24/7 security. https://www.esbnyc.com/business-esb/broadcasting

About NAB Show 
NAB Show, held April 16-21, 2016 in Las Vegas, is the world’s largest electronic media show covering the creation, management and delivery of content across all platforms. With 103,000 attendees from 166 countries and 1,700+ exhibitors, NAB Show is the ultimate marketplace for digital media and entertainment. From creation to consumption, across multiple platforms and countless nationalities, NAB Show is home to the solutions that transcend traditional broadcasting and embrace content delivery to new screens in new ways. For complete details, visit www.nabshow.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 building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.1 million rentable square feet, as of December 31, 2015, consisting of 9.4 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 720,000 rentable square feet in the retail portfolio.

*Please note all lease square footages 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 (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, 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, 2015, 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). 

View source version on businesswire.com: http://www.businesswire.com/news/home/20160414006073/en/

For information on the NAB panel session:
Peggy Miles, Moderator
pmiles@InterVox.com
or
For information about Empire State Building Broadcasting
Shane O’Donoghue, 212-736-3100
sodonoghue@esbnyc.com