Empire State Realty Trust, Inc. (NYSE:ESRT) Q4 2023 Earnings Call Transcript

Thomas Durels: We give detail on the commencement of those leases on Page 10 of the supplemental. You can see the quarter by which — by when signed leases not yet commenced are expected to commence and contribute to cash NOI.

Jay Poskitt: Okay. Thank you. And then just on the debt maturity front, I know you have a mortgage coming due at the end of the year and then a little over $315 million coming due in early ’25. So just any color on what the plans are for that would be great.

Christina Chiu: We continue to discuss with our lending partners. I don’t have an update to provide now. But as always, we have productive discussions, and we’ll provide an update to the market as soon as it’s available.

Jay Poskitt: Great. Thanks. That’s all for me.

Operator: Thank you. [Operator Instructions] Okay. With that, we have reached the end of our question-and-answer session. I would now like to turn the floor back over to Tony Malkin, Chairman and CEO for closing remarks.

Tony Malkin: Thanks very much. ESRT is the pure-play New York City REIT, and we are well positioned to perform and build on our well-diversified income stream. We are confident in the company’s ability to execute on our goals and drive further growth for shareholders in 2024. Many thanks to our great team who work incredibly hard, and I have every confidence we’ll continue to do a great job on behalf of stakeholders. Thank you all for your participation in today’s call. We look forward to the chance to meet with many of you at non-deal roadshows, conferences and property tours in the months ahead. Until then, thank you for your interest onward and upward.

Operator: Thank you. That does concludes today’s teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.