In a volatile market, it is critical for tenants to partner with a financially stable, service-oriented owner on real estate decisions. BE Financially Stable with Us 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.
Financial Stability ESB is debt-free Significant balance sheet liquidity (nearly $1B) Well-laddered Debt Maturity schedule 5.6x Net debt/Adj. EBITDA (REIT peer average: 9.3x)
$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 with no need for lender/partner approvals ESRT is a service firm and a true partner to its tenants with over 285 expansions , totaling 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.
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