Empire State Realty Trust Inc at Citi Global Property CEO Conference Transcript
I'm joined by our President, Christina Chiu. Two weeks ago, we reported fourth quarter and full year 2025, results. In 2025, we put more points on the board across our five priorities. Our commercial portfolio stands at 93.6% leased with more than 1 million square feet leased in 2025. We have now delivered 4 consecutive years of occupancy growth and positive New York City office rent spreads.
Our leasing pipeline supports further occupancy gains as reflected in our 2026, guidance.
Second, our iconic Empire State Building Observatory remains a market leader. 2025, we delivered resilient bottom line performance through disciplined cost management price execution despite lower visitation from our cross-ocean international tourist visitors.
We continue to grow our direct sales program and address the changes and challenges to inbound travel to New York City.
Third, we continue to identify growth and capital recycle opportunities that enhance our cash flow.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
