Empire State Realty Trust repurchased $85.8 million of its shares
Empire State Realty Trust bought back $85.8 million of shares after its quarterly report and sold 1359 Broadway for $217.5 million.
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what happened
Since its second-quarter earnings call and through November 2, 2026, Empire State Realty Trust bought back $85.8 million of shares at a weighted average price of $4.56 apiece, TradingView reports, citing the company's press release.
After the quarter ended, the REIT completed the sale of 1359 Broadway for $217.5 million. Total liquidity stood at $0.6 billion as of September 30, and net debt to adjusted EBITDA was 6.7x. A $245 million term loan matures in 2032, and proceeds are expected to be drawn in January 2027 to repay existing debt.
why it matters
For investors, the deal is a signal about capital allocation: buybacks and the asset sale support per-share value and provide cash to reduce debt. The report, however, gives no comparison with a prior period and no year-over-year earnings data, so the operating trend is hard to judge from it.
tags
instruments
sources
- Empire State Realty Trust (ESRT) Repurchased $85.8M of Shares — TradingView, 2 November 2026 at 23:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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