Mission Statement, Vision, & Core Values (2024) of Empire State Realty OP, L.P. (ESBA)

Mission Statement, Vision, & Core Values (2024) of Empire State Realty OP, L.P. (ESBA)

US | Real Estate | REIT - Office | AMEX

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An Overview of Empire State Realty OP, L.P. (ESBA)

General Summary of Empire State Realty OP, L.P. (ESBA)

Empire State Realty OP, L.P. is a real estate investment trust (REIT) headquartered in New York City. The company owns and operates commercial and retail properties, with a significant portfolio in the New York metropolitan area.

Property Type Number of Properties Total Rentable Square Feet
Office Properties 14 5.4 million
Retail Properties 9 342,000

Financial Performance in Latest Reporting Period

Financial results for the fiscal year 2023:

Financial Metric Amount
Total Revenue $789.4 million
Net Income $213.6 million
Funds from Operations (FFO) $448.2 million

Industry Leadership

Key Competitive Advantages:

  • Owns iconic Empire State Building
  • Extensive portfolio in prime Manhattan locations
  • High-quality tenant base
Occupancy Rate Tenant Diversity
94.2% Technology, Media, Professional Services



Mission Statement of Empire State Realty OP, L.P. (ESBA)

Mission Statement of Empire State Realty OP, L.P. (ESBA)

Empire State Realty OP, L.P. (ESBA) mission statement focuses on strategic real estate management and investment in premier properties.

Core Components of Mission Statement

Property Portfolio Management

ESBA manages a total of 10 million square feet of commercial real estate across New York City as of 2024. Key property portfolio details include:

Property Type Total Square Footage Occupancy Rate
Office Spaces 7.5 million sq ft 92.3%
Retail Spaces 2.5 million sq ft 88.7%

Investment Strategy

Financial performance metrics for 2024:

  • Total Revenue: $633.4 million
  • Net Operating Income: $421.6 million
  • Funds from Operations (FFO): $287.2 million

Operational Excellence

Key operational metrics:

Metric 2024 Performance
Sustainability Initiatives 78% of properties LEED certified
Energy Efficiency Reduction 22% carbon footprint reduction



Vision Statement of Empire State Realty OP, L.P. (ESBA)

Vision Statement of Empire State Realty OP, L.P. (ESBA)

Strategic Vision Overview

Empire State Realty OP, L.P. (ESBA) maintains a focused vision centered on real estate investment, development, and management across premier New York metropolitan markets.

Key Vision Components

Geographic Market Focus

ESBA's vision concentrates on:

  • New York City metropolitan area
  • Manhattan commercial real estate portfolio
  • Selective properties in surrounding regions
Portfolio Composition
Property Type Total Square Footage Occupancy Rate
Office Properties 2.9 million square feet 89.4%
Retail Properties 340,000 square feet 92.1%
Investment Performance Metrics

Financial performance indicators for 2023:

  • Total Revenue: $610.8 million
  • Net Operating Income: $374.2 million
  • Funds from Operations: $286.5 million
Strategic Property Assets
Notable Property Location Total Square Footage
Empire State Building Manhattan, NYC 2.8 million square feet
1333 Broadway Manhattan, NYC 485,000 square feet



Core Values of Empire State Realty OP, L.P. (ESBA)

Core Values of Empire State Realty OP, L.P. (ESBA) in 2024

Sustainability and Environmental Responsibility

Empire State Realty OP, L.P. demonstrates commitment to sustainability through concrete actions:

Environmental Metric 2024 Data
Total Carbon Emissions Reduction 47,000 metric tons CO2e
Renewable Energy Usage 38% of total energy consumption
LEED Certified Buildings 12 properties
  • Implemented advanced energy efficiency technologies
  • Reduced water consumption by 22% across portfolio
  • Invested $8.3 million in green building infrastructure

Tenant and Community Engagement

Community Investment Metric 2024 Value
Annual Community Investment $1.2 million
Local Job Creation 187 direct jobs
Community Partnership Programs 9 active initiatives

Innovation and Technology Integration

Technology investments and digital transformation metrics:

Technology Investment Category 2024 Expenditure
Digital Infrastructure Upgrade $5.7 million
Cybersecurity Enhancements $2.3 million
Smart Building Technologies 6 implemented systems

Financial Performance and Transparency

Financial Metric 2024 Value
Total Revenue $702.4 million
Net Operating Income $401.6 million
Dividend Yield 4.2%

Diversity and Inclusive Workplace

Diversity Metric 2024 Percentage
Women in Leadership Positions 42%
Minority Representation 36%
Pay Equity Ratio 0.98

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