Solidly Stands Apart
ESRT is a service firm and a true partner to its tenants with over 270 tenant expansions , which total 2.6M 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.
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 and options Expedited response time with no need for lender/partner approvals TENANT ADVANTAGES
In a volatile market, it is critical for tenants to partner with a financially stable, service- oriented owner on real estate decisions. One Grand Central Place is debt-free. 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.
$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 FINANCIAL STABILITY
Made with FlippingBook - Share PDF online