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Empire State Realty Trust Announces a New Repurchase Authorization and Continued Dividend Suspension for First and Second Quarters Of 2021

Published December 14, 2020 08:56 AM EST on BusinessWire

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has approved a new repurchase authorization of up to $500 million of the Company’s Class A common stock (“Common Stock”) and Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) (collectively with the Common Stock, the “Securities”) during the period from January 1, 2021 through December 31, 2021. This will replace an earlier $500 million repurchase authorization that runs from January 1, 2020 through December 31, 2020. Under the 2020 authorization, the Company repurchased approximately $143 million at a weighted average price of $8.31 through December 11, 2020.... Read more


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Older articles featuring Esrt (ESRT):
Empire State Realty Trust Announces Dividend for Second Quarter 2022
Empire State Realty Trust Announces Dividend for First Quarter 2022
Empire State Realty Trust Announces Dividend for Fourth Quarter 2021 and a New Repurchase Authorization
Empire State Realty Trust Announces Dividend for Third Quarter 2021
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