Many experts are very worried about the office real estate industry. Not only has the remote work trend led to an overall reduction in the need for office space, but many office buildings were financed at lofty valuations with low-interest debt, and a lot of it is coming due in the next couple of years. However, Empire State Realty Trust's (NYSE: ESRT) latest results show why it is a standout among its peers.
*Stock prices used were the afternoon prices of July 28, 2023. The video was published on July 29, 2023.
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Matthew Frankel, CFP® has positions in Empire State Realty Trust. The Motley Fool recommends Empire State Realty Trust. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
