Declared Dividend • May 20First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%.
Announcement • May 16Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026Empire State Realty Trust, Inc. (the “Company”), announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2026, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2026, to stockholders or unitholders, as applicable, of record at the close of business on June 15, 2026.
New Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.2% net profit margin).
