Empire State Realty Trust Management
Management criteria checks 3/4
Empire State Realty Trust's CEO is Tony Malkin, appointed in Jan 2012, has a tenure of 12.25 years. total yearly compensation is $8.96M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $11.06M. The average tenure of the management team and the board of directors is 3.2 years and 6.9 years respectively.
Key information
Tony Malkin
Chief executive officer
US$9.0m
Total compensation
| CEO salary percentage | 9.5% |
| CEO tenure | 12.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 3.2yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
Empire State Realty Trust: A Bet On The Mean Reversion
Mar 05Empire State Realty: Occupancy Gains, 2024 Fed Pivot, And Possible Dividend Hike
Dec 15Empire State Realty: Fairly Valued Following YTD Outperformance
Sep 25Office REIT Empire State Realty Trust Is A Way To Sell Short New York City
Jun 29Empire State Realty: Outlook Positive Despite Haze Over The Observatory
Jun 08Analysts Just Made A Sizeable Upgrade To Their Empire State Realty Trust, Inc. (NYSE:ESRT) Forecasts
Apr 30
Empire State Realty Trust FFO of $0.22 beats by $0.04, revenue of $181.27M beats by $43.5M
Feb 15Empire State Realty: Better To Observe From The Sidelines
Jan 11Empire State Realty Trust declares $0.035 dividend
Dec 09Empire State Realty Trust FFO of $0.21 beats by $0.02, revenue of $183.71M beats by $34.65M
Oct 26Empire State Realty Trust: Mispriced In Relation To Visitation Trends
Sep 26Empire State Realty Trust declares $0.035 dividend
Aug 16Rainbows and Unicorns: Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Became A Lot More Optimistic
Aug 03Empire State Realty Trust FFO of $0.29 beats by $0.10, revenue of $198.02M beats by $42.95M
Jul 27Empire State Realty Trust upgraded to Market Perform at BMO on tourist rebound
Jul 14Empire State Realty: Adverse Circumstances For Office And Retail Focused REIT
Jun 29Broker Revenue Forecasts For Empire State Realty Trust, Inc. (NYSE:ESRT) Are Surging Higher
May 06Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Trimmed Their Revenue Forecasts By 10%
Feb 20Empire State: A Quality Play On New York
Jan 05Why I Sold Empire State Realty Trust
Jun 15Empire State Realty is actively bidding for NYC market properties
Jun 08We Think Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation Package Needs To Be Put Under A Microscope
May 07Empire State Realty Trust stock gains after double upgrade at Evercore ISI
May 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$9m | US$850k | US$49m |
| Sep 30 2023 | n/a | n/a | US$52m |
| Jun 30 2023 | n/a | n/a | US$46m |
| Mar 31 2023 | n/a | n/a | US$54m |
| Dec 31 2022 | US$8m | US$810k | US$36m |
| Sep 30 2022 | n/a | n/a | US$21m |
| Jun 30 2022 | n/a | n/a | US$8m |
| Mar 31 2022 | n/a | n/a | -US$19m |
| Dec 31 2021 | US$8m | US$626k | -US$11m |
| Sep 30 2021 | n/a | n/a | -US$8m |
| Jun 30 2021 | n/a | n/a | -US$9m |
| Mar 31 2021 | n/a | n/a | -US$24m |
| Dec 31 2020 | US$10m | US$514k | -US$17m |
| Sep 30 2020 | n/a | n/a | US$225k |
| Jun 30 2020 | n/a | n/a | US$24m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$11m | US$810k | US$49m |
| Sep 30 2019 | n/a | n/a | US$55m |
| Jun 30 2019 | n/a | n/a | US$56m |
| Mar 31 2019 | n/a | n/a | US$61m |
| Dec 31 2018 | US$10m | US$810k | US$66m |
| Sep 30 2018 | n/a | n/a | US$60m |
| Jun 30 2018 | n/a | n/a | US$62m |
| Mar 31 2018 | n/a | n/a | US$62m |
| Dec 31 2017 | US$9m | US$810k | US$63m |
Compensation vs Market: Tony's total compensation ($USD8.96M) is above average for companies of similar size in the US market ($USD6.57M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
CEO
Tony Malkin (61 yo)
12.3yrs
Tenure
US$8,963,424
Compensation
Mr. Anthony E. Malkin, also known as Tony, serves as an Independent Director of APi Group Corporation since October 01, 2019. Mr. Malkin has been the Chief Executive Officer and Chairman since October 2013...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.3yrs | US$8.96m | 0.43% $ 11.1m | |
| President | less than a year | US$4.69m | 0% $ 0 | |
| Executive Vice President of Real Estate | 6.3yrs | US$4.73m | 0.0015% $ 37.9k | |
| Executive VP | 3.2yrs | no data | no data | |
| Senior VP & Chief Investment Officer | 3.9yrs | no data | no data | |
| Senior VP & CTO | 1.9yrs | no data | no data | |
| VP & Head of Investor Relations | 1.9yrs | no data | no data | |
| Senior VP | 2.7yrs | no data | no data | |
| Senior Vice President of Marketing | 3.3yrs | no data | no data | |
| Senior VP & Chief People Officer | 1.8yrs | no data | no data | |
| Senior VP & Director of Leasing | no data | no data | no data | |
| Senior Vice President of Leasing | 6.8yrs | no data | no data |
3.2yrs
Average Tenure
51yo
Average Age
Experienced Management: ESRT's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13.3yrs | US$8.96m | 0.43% $ 11.1m | |
| Lead Independent Director | 10.5yrs | US$342.54k | 0.012% $ 314.7k | |
| Chairman Emeritus | no data | no data | no data | |
| Independent Director | 10.5yrs | US$237.19k | 0% $ 0 | |
| Independent Director | 9.3yrs | US$231.03k | 0% $ 0 | |
| Independent Director | less than a year | US$146.91k | no data | |
| Independent Director | 4.3yrs | US$253.53k | 0% $ 0 | |
| Independent Director | 3.4yrs | US$231.03k | 0% $ 0 | |
| Independent Director | 10.5yrs | US$336.03k | 0.0021% $ 55.1k | |
| Independent Director | 4.6yrs | US$203.60k | 0% $ 0 | |
| Independent Director | less than a year | US$144.56k | no data |
6.9yrs
Average Tenure
61yo
Average Age
Experienced Board: ESRT's board of directors are considered experienced (6.9 years average tenure).