ESRT SOLIDLY STANDS APART
1359 BROADWAY IS DEBT-FREE
FINANCIAL STABILITY
Significant balance sheet liquidity (nearly $1B)
Well laddered Debt Maturity schedule
5.6x Net debt/Adj. EBITDA (REIT peer average: 9.3x)
In a volatile market, it is critical for tenants to partner with a financially stable, service-oriented owner on real estate decisions. Empire State Realty Trust, a publicly traded company with a best-in-class balance sheet maintains a solid financial platform and leads the way on healthy buildings with premier Indoor Environmental Quality (IEQ), industry- leading sustainability and energy efficiency practices, and unmatched amenities. ESRT is a service firm and a true partner to its tenants with over 285 expansions which total over 2.8M RSF since it went public in 2013. This partnership allows our tenant family to move within the ESRT portfolio hassle-free with a commitment to 100% commission paid on lease signing.
$1B spent on property upgrades
No floating rate debt exposure
TENANT ADVANTAGES
Certainty of owner performance/service
Consistent, high-level service/maintenance
No cut corners on construction or operations
High-end finishes
Flexibility of offerings such as terms & options
Expedited response time; no need for lender/partner approvals
PG 7
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