Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

SA Transcripts 161.35K Followers Follow Empire State Realty Trust, Inc. ( ESRT ) Q2 2026 Earnings Call July 30, 2026 12:00 PM EDT Company Participants Susanne Lieu - Senior VP of Real Estate & Chief Counsel Anthony Malkin - Chairman & CEO Christina Chiu - President Ryan Kass - Executive VP, Co-Head & Chief Revenue Officer of Real Estate Stephen Horn - Executive VP & Chief Financial Officer Conference Call Participants John Kim - BMO Capital Markets Equity Research Manus Ebbecke Seth Bergey - Citigroup Inc., Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Presentation Operator Greetings, and welcome to the Empire State Realty Trust Second Quarter 2026 Earnings Call.[Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Susanne Lieu, SVP, Chief Counsel, Real Estate. Thank you. You may begin. Susanne Lieu Senior VP of Real Estate & Chief Counsel Good afternoon. Welcome to Empire State Realty Trust's Second Quarter 2026 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. During today's call, management's prepared remarks and responses to questions may include forward-looking statements within the meaning of applicable securities laws. These statements reflect management's current views and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Empire State Realty Trust assumes no obligation to update any forward-looking statement in the future. We encourage listeners to review the more detailed discussions related to these forward-looking statements in the company's filings with the SEC. During today's call, we will discuss certain non-GAAP financial measures such as FFO, modified and core FFO, NOI, same-store property cash NOI, EBITDA and adjusted EBITDA, which we believe are