Empire State Realty Trust (ESRT) reinstates quarterly dividend.

Empire State Realty Trust (ESRT) announced today that it has reinstated and declared a dividend of $0.035/share for the second quarter of 2021.  According to Christina Chiu, ESRT's Chief Financial Officer, "the improvement seen to-date in the Company's results and ESRT's liquidity position..have resulted in a reinstatement of our dividend one quarter earlier than previously announced."  The reinstated dividend represents a 66% decrease over the prior dividend rate of $0.105/quarter.

Empire State Realty is an NYC-based office REIT with an owned portfolio of 20 properties aggregating 10.1 million square feet. The company's flagship property is the iconic Empire State Building, which generated 33% of ESRT's rental revenues in 2020. ESRT was taken public in 2013 and has a total market capitalization of approximately $4.9 billion.