An Activist Shows Up at $4.27
Erez Asset Management bought 5.8% of ESRT at $4.27 and urged a potential strategic review of some or all assets.
NYSE
ESRT
7 stories
$1.3B Market cap · 2025-09-16
Erez Asset Management bought 5.8% of ESRT at $4.27 and urged a potential strategic review of some or all assets.
Erez Asset Management built a 5.8% ESRT stake in five weeks and has discussed a potential strategic review with the company.
ESRT’s Observatory impairment and accelerating visitation decline weaken its non-office thesis, yet downside valuation cases put shares at…
Empire State Realty Trust cut Observatory NOI guidance to $55 million from $87 to $92 million after Q2 NOI fell roughly 50%, reducing Core…
Empire State Realty Trust’s commercial portfolio exceeded 93% leased, lifting core FAD to $33 million as CapEx fell to $22 million in Q1…
Empire State Realty Trust bought a vacant $46 million Williamsburg retail property and refinanced 10 Union Square East with a $53.5…
Empire State Realty Trust's $5.34 share price values its observatory, retail and multifamily businesses like NYC office space, despite $90M…
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