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 $1.2B in liquidity No Debt Maturity until 11/24 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
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 263 expansions which total over 2.5M 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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