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 SOLIDLY STANDS APART
Financial Stability
Tenant Advantages
Certainty of owner performance/service
ESB is debt-free
Consistent, high-level service/maintenance
Over $1B of balance sheet liquidity as of 6/30/24
No cut corners on construction or operations
Well-laddered Debt Maturity schedule
5.2x Net debt/Adj. EBITDA (REIT peer average: 8.7x)
High-end finishes
Flexibility of offerings such as terms & options
$1B spent on property upgrades
Expedited response time with no need for lender/partner approvals
No floating rate debt exposure
ESRT is a service firm and a true partner to its tenants with over 285 tenants , 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.
PG 20
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