Empire State Realty Trust (Empire State Realty Trust) Cash, Cash Equivalents, Marketable Securities : $346.6 Mil (As of Dec. 2023)

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What is Empire State Realty Trust Cash, Cash Equivalents, Marketable Securities?

Empire State Realty Trust's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($315.36 Mil) to Sep. 2023 ($354.00 Mil) but then stayed the same from Sep. 2023 ($354.00 Mil) to Dec. 2023 ($346.62 Mil).

Empire State Realty Trust's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($423.70 Mil) to Dec. 2022 ($264.43 Mil) but then increased from Dec. 2022 ($264.43 Mil) to Dec. 2023 ($346.62 Mil).

Empire State Realty Trust Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Empire State Realty Trust's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Empire State Realty Trust Cash, Cash Equivalents, Marketable Securities Chart

Empire State Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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233.95

526.71

423.70

264.43

346.62

Empire State Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															272.65	315.36	354.00	346.62	333.57

Empire State Realty Trust Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Empire State Realty Trust (NYSE:ESRT) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Empire State Realty Trust Cash, Cash Equivalents, Marketable Securities Related Terms

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Empire State Realty Trust (Empire State Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empire State Realty Trust Inc (NYSE:ESRT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

ES9:Germany

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.empirestaterealtytrust.com

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 9.4 million square feet of office space, about 80% of which is located in Manhattan.

Executives

Hannah Y Yang	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Tassell Christina Van	director	C/O 111 RIVER STREET, HOBOKEN NJ 07030
Stephen Horn	officer: Chief Accounting Officer	255 WEST 94TH STREET, NEW YORK NY 10025
Grant Hill	director	121 ORANGE AVE, SUITE 1500, ORLANDO FL 32801
Robert Paige Hood	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Christina Chiu	officer: EVP and CFO	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Patricia Han	director	600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
David A Karp	director, officer: EVP and CFO	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, NEW YORK NY 10120
Quark Holding Llc	10 percent owner	P.O. BOX 23224 OOREDOO TOWER, DIPLOMATIC AREA STREET, WEST BAY, DOHA S3 S3
Thomas J Derosa	director	C/O WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Salvatore Michael Giliberto	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Steven J Gilbert	director	540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Robinson James D Iv	director	130 EAST 59TH STREET, NEW YORK NY 10022
William H Berkman	director	650 MADISON AVE, 25TH FL, NEW YORK NY 10022
Leslie D. Biddle	director	111 WEST 33RD STREET 12TH FLOOR, NEW YORK NY 10120