SOLIDLY STANDS APART
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 293 expansions which total 2.8M RSF since it went public in 2013.
FINANCIAL STABILITY
TENANT ADVANTAGES
Significant Balance Sheet Liquidity
Certainty of owner performance/service
Well laddered Debt Maturity schedule
Consistent, high-level service/maintenance
5.2x Net debt/Adj. EBITDA (REIT peer average: 8.7x)
No cut corners on construction or operations
$1B spent on property upgrades
Expedited response time; no need for lender/partner approvals
No floating rate debt exposure
PG 8
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