Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript


Empire State Realty Trust, Inc. (NYSE:ESRT) Q2 2025 Earnings Conference Call July 24, 2025 12:00 PM ET

Company Participants

Anthony E. Malkin – Chairman & CEO
Christina Chiu – President
Heather M. Lawson Houston – Senior VP, Chief Counsel, Corporate & Secretary
Stephen V. Horn – Executive VP, Chief Financial & Accounting Officer
Thomas P. Durels – Executive Vice President of Real Estate

Conference Call Participants

Blaine Matthew Heck – Wells Fargo Securities, LLC, Research Division
Dylan Robert Burzinski – Green Street Advisors, LLC, Research Division
James Colin Feldman – Wells Fargo Securities, LLC, Research Division
John P. Kim – BMO Capital Markets Equity Research
Seth Eugene Bergey – Citigroup Inc., Research Division
Stephen Thomas Sakwa – Evercore ISI Institutional Equities, Research Division

Operator

Greetings, and welcome to the Empire State Realty Trust Second Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Heather Houston, Senior Vice President, Chief Counsel, Corporate and Secretary. Thank you. You may begin.

Heather M. Lawson Houston

Good afternoon. Welcome to Empire State Realty Trust’s Second Quarter 2025 Earnings Conference Call. In addition to the press release distributed yesterday, a quarterly supplemental package with further detail on our results and our latest investor presentation were posted in the Investors section of the company’s website at esrtreit.com.

On today’s call, management’s prepared remarks and answers to your questions may contain forward-looking statements as defined in applicable securities laws, including those related to market conditions, property operations, capital expenditures, income, expense, finance results and proposed transactions and events.

As a reminder, forward-looking statements represent management’s current estimates. They are subject to risks and uncertainties, which may cause actual results to differ from those discussed today. Empire State Realty Trust assumes no obligation to update any forward-looking statement in the



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