ESRT Solidly Stands Apart In a volatile market, it is critical for tenants to partner with a long-term financially stable, service-oriented owner. Empire State Realty Trust, a publicly traded company with a best-in-class balance sheet maintains a solid financial platform and leads the way with a blue-chip retail tenant roster at 24/7 locations with high pedestrian traffic locations on or next to convenient mass transportation.
Financial Stability
Tenant Advantages
• Significant balance sheet liquidity
• Robust in-house turnkey service • No cut corners on construction operations zoning, marketing, project management and design • Superior retail locations in 24/7 retail corridors • On or next to all mass transportation • Streamlined leasing process and consistent, high-level service/maintenance • Certainty of owner performance/service, concession payments • Wide variety of efficient retail availabilities throughout Manhattan • Expedited response time with no need for lender/partner approvals
• 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 exposure
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