Empire State Realty announces $500M share repurchase plan

Empire State Realty Trust announced that its Board of Directors has authorized the repurchase of up to $500M of the company’s Class A common stock and Empire State Realty OP, L.P.’s Series ES, Series 250 and Series 60 operating partnership units for the period from January 1, 2024 through December 31, 2025. This will replace the existing $500M repurchase authorization that runs from January 1, 2022 through December 31, 2023.