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			First Quarter 2026

Table of Contents			Page
Summary
Supplemental Definitions			3
Company Profile			5
Condensed Consolidated Balance Sheets			6
Condensed Consolidated Statements of Operations			7
FFO, Modified FFO, Core FFO, FAD and EBITDA			8
Highlights			9
Selected Property Data
Property Summary Net Operating Income			10
Same Store Net Operating Income			11
Leasing Activity			12
Commercial Property Detail			14
Portfolio Expirations and Vacates Summary			15
Tenant Lease Expirations			16
Largest Tenants and Portfolio Tenant Diversification by Industry			18
Incremental Cash Rent Contributing to Cash NOI, Capital Expenditures and Redevelopment Program			19
Observatory Summary			20
Financial information
Consolidated Debt Analysis
Debt Summary			21
Debt Detail			22
Debt Maturities			23
Ground Leases			23

Forward-looking Statements

This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We intend these forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and can generally be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “project,” “estimate,” “may,” “will,” “should,” “would,” and similar expressions.

Forward-looking statements are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others: economic and market conditions (including the impact of catastrophic events, pandemics, extreme weather, terrorism, armed hostilities, cybersecurity threats and other technology disruptions); increased costs due to tariffs or other economic factors; changes in the New York City office, retail, multifamily and tourism markets (including changes in the use of office space and remote work); leasing activity, tenant defaults, early terminations and renewals, occupancy levels and rental rates; performance of the Observatory (including tourism levels, currency and geopolitical impacts, weather and competition); interest rate volatility and capital markets conditions, including our ability to refinance, restructure or extend indebtedness; real estate valuation declines and potential impairment charges; our ability to execute capital projects and complete acquisitions on acceptable terms; risks relating to governmental regulation, environmental and climate-related requirements (including Local Law 97), and our ability to achieve sustainability goals and metrics; risks relating to our ground leases; our ability to maintain our qualification as a REIT; potential taxable gain arising from transactions structured to qualify under Section 1031; legal proceedings; and risks relating to our disclosure controls and internal control over financial reporting. For a discussion of these and other factors, see the section entitled “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2025 and any additional factors that may be contained in any filing we make with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date of this presentation. We undertake no obligation to update or revise any forward-looking statement to reflect subsequent events or circumstances, except as required by law.

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			First Quarter 2026
			Supplemental Definitions

Funds From Operations

We compute Funds From Operations ("FFO") in accordance with the “White Paper” on FFO published by the National Association of Real Estate Investment Trusts, or NAREIT, which defines FFO as net income (loss) (determined in accordance with GAAP), excluding impairment write-off of investments in depreciable real estate and investments in in-substance real estate investments, gains or losses from debt restructurings and sales of depreciable operating properties, plus real estate-related depreciation and amortization (excluding amortization of deferred financing costs), less distributions to non-controlling interests and gains/losses from discontinued operations and after adjustments for unconsolidated partnerships and joint ventures. FFO is a widely recognized non-GAAP financial measure for REITs that we believe, when considered with financial statements determined in accordance with GAAP, is useful to investors in understanding financial performance and providing a relevant basis for comparison among REITs. In addition, we believe FFO is useful to investors as it captures features particular to real estate performance by recognizing that real estate has generally appreciated over time or maintains residual value to a much greater extent than do other depreciable assets. Investors should review FFO, along with GAAP net income, when trying to understand an equity REIT’s operating performance. We present FFO because we consider it an important supplemental measure of our operating performance and believe that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effect and could materially impact our results of operations, the utility of FFO as a measure of performance is limited. There can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs. FFO does not represent cash generated from operating activities and should not be considered as an alternative to net income (loss) determined in accordance with GAAP or to cash flow from operating activities determined in accordance with GAAP. FFO is not indicative of cash available to fund ongoing cash needs, including the ability to make cash distributions. Although FFO is a measure used for comparability in assessing the performance of REITs, as the NAREIT White Paper only provides guidelines for computing FFO, the computation of FFO may vary from one company to another.

Modified Funds From Operations

Modified Funds From Operations ("Modified FFO") adds back an adjustment for any below-market ground lease amortization to traditionally defined FFO. We believe this is a useful supplemental measure in evaluating our operating performance due to the non-cash accounting treatment under GAAP, which stems from the third quarter 2014 acquisition of two option properties following our formation transactions as they carry significantly below market ground leases, the amortization of which is material to our overall results. We present Modified FFO because we believe it is an important supplemental measure of our operating performance in that it adds back the non-cash amortization of below-market ground leases. There can be no assurance that Modified FFO presented by us is comparable to similarly titled measures of other REITs. Modified FFO does not represent cash generated from operating activities and should not be considered as an alternative to net income (loss) determined in accordance with GAAP or to cash flow from operating activities determined in accordance with GAAP. Modified FFO is not indicative of cash available to fund ongoing cash needs, including the ability to make cash distributions.

Core Funds From Operations

Core Funds From Operations ("Core FFO") adds back to Modified FFO the following items: loss on early extinguishment of debt, acquisition expenses, severance expenses, IPO litigation expense and interest expense associated with property in receivership. The Company believes Core FFO is an important supplemental measure of its operating performance because it excludes non-recurring items. There can be no assurance that Core FFO presented by the Company is comparable to similarly titled measures of other REITs. Core FFO does not represent cash generated from operating activities and should not be considered as an alternative to net income (loss) determined in accordance with GAAP or to cash flow from operating activities determined in accordance with GAAP. Core FFO is not indicative of cash available to fund ongoing cash needs, including the ability to make cash distributions. In future periods, we may also exclude other items from Core FFO that we believe may help investors compare our results.

Core Funds Available for Distribution

In addition to Core FFO, we present Core Funds Available for Distribution ("Core FAD") by (i) adding to Core FFO non-real estate depreciation and amortization, the amortization of deferred financing costs, amortization of debt discounts and non-cash compensation expenses, amortization of loss on interest rate derivative and (ii) deducting straight-line rent, amortization of debt premiums and above/below market rent revenue, and recurring capital improvements such as second generation leasing commissions, tenant improvements, prebuilts, capital expenditures and furniture, fixtures & equipment. Core FAD is presented solely as a supplemental disclosure that we believe provides useful information regarding our ability to fund our dividends. Core FAD does not represent cash generated from operating activities and should not be considered as an alternative to net income (loss) determined in accordance with GAAP or to cash flow from operating activities determined in accordance with GAAP. Core FAD is not indicative of cash available to fund ongoing cash needs, including the ability to make cash distributions. There can be no assurance that Core FAD presented by us is comparable to similarly titled measures of other REITs.

Net Operating Income and Property Cash NOI

Net Operating Income ("NOI") is a non-GAAP financial measure of performance. NOI is used by our management to evaluate and compare the performance of our properties and to determine trends in earnings and to compute the fair value of our properties as it is not affected by: (i) the cost of funds of the property owner, (ii) the impact of depreciation and amortization expenses as well as gains or losses from the sale of operating real estate assets that are included in net income computed in accordance with GAAP, (iii) acquisition expenses, loss on early extinguishment of debt, impairment charges and loss from derivative financial instruments, or (iv) general and administrative expenses and other gains and losses that are specific to the property owner. The cost of funds is eliminated from NOI because it is specific to the particular financing capabilities and constraints of the owner and is dependent on historical interest rates and other costs of capital as well as past decisions made by us regarding the appropriate mix of capital which may have changed or may change in the future. Depreciation and amortization expenses as well as gains or losses from the sale of operating real estate assets are eliminated because they may not accurately represent the actual change in value in our office, retail or multifamily properties that result from use of the properties or changes in market conditions. While certain aspects of real property do decline in value over time in a manner that is reasonably captured by depreciation and amortization, the value of the properties as a whole have historically increased or decreased as a result of changes in overall economic conditions instead of from actual use of the property or the passage of time. Gains and losses from the sale of real property vary from property to property and are affected by market conditions at the time of sale which will usually change from period to period. These gains and losses can create distortions when comparing one period to another or when comparing our operating results to the operating results of other real estate companies that have not made similarly-timed purchases or sales. We believe that eliminating these costs from net income is useful to investors because the resulting measure captures the actual revenue generated and actual expenses incurred in operating our properties as well as trends in occupancy rates, rental rates and operating costs. In some cases, the Company also presents (1) Property Cash NOI, which excludes Observatory NOI and the effects of straight-line rent, fair value lease revenue, and straight-line ground rent expense adjustment, and (2) Property Cash NOI excluding lease termination fees. Property Cash NOI is presented solely as a supplemental disclosure that management believes allows investors to compare NOI performance across periods without taking into account the effect of certain non-cash rental revenues and straight-line ground rent expense adjustment. Similar to depreciation and amortization expense, fair value lease revenues, because of historical cost accounting, may distort operating performance measures at the property level. Additionally, presenting NOI excluding the impact of straight-line rent and straight-line ground rent expense adjustment provides investors with an alternative view of operating performance at the property level that more closely reflects net cash generated in the portfolio. Presenting Property Cash NOI excluding lease termination fees provides investors with additional information that allows them to compare operating performance between periods without taking into account termination fees, which can distort the results for any given period because they generally represent multiple months or years of a tenant’s rental obligations that are paid in a lump sum in connection with a negotiated early termination of the tenant’s lease and are not reflective of the core ongoing operating performance of the Company’s portfolio. However, the usefulness of NOI, Property Cash NOI, and Property Cash NOI excluding lease termination fees is limited because it excludes general and administrative costs, interest expense, depreciation and amortization expense and gains or losses from the sale of properties, and other gains and losses as stipulated by GAAP, the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties, all of which are significant economic costs. NOI and Property Cash NOI may fail to capture significant trends in these components of net income which further limits its usefulness. NOI and Property Cash NOI are measurements of the operating performance of our properties but do not measure our performance as a whole. These metrics therefore are not substitutes for net income as computed in accordance with GAAP. These measures should be analyzed in conjunction with net income computed in accordance with GAAP. Other companies may use different methods for calculating NOI, Property Cash NOI or similarly titled measures and, accordingly, our measures may not be comparable to similarly titled measures reported by other companies that do not define the measure exactly as we do.

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			First Quarter 2026
			Supplemental Definitions

Same Store

In the Company’s analysis of NOI, particularly to make comparisons of NOI between periods meaningful, it is important to provide information for properties that were owned by the Company throughout each period presented. The Company refers to properties acquired prior to the beginning of the earliest period presented and owned by the Company through the end of the latest period presented as “Same Store”. Same Store therefore excludes properties acquired after the beginning of the earliest period presented or disposed of prior to the end of the latest period presented. Accordingly, it takes at least one year and one quarter after a property is acquired for that property to be included in Same Store. The Company’s definition of Same Store also excludes properties held-for-sale or those which we otherwise expect to dispose of in the subsequent quarter and properties placed in receivership. For mixed-use properties, all same store property NOI is represented in the property category that comprises the majority of that mixed-use property's NOI. As of March 31, 2026, Same Store excludes 86-90 North Sixth Street, which was acquired in June 2025, 41-55 North Sixth Street, which was acquired in March 2026, 130 Mercer, SoHo, NY, which was acquired in December 2025 and Metro Center, Stamford, CT, which was disposed in December 2025. Prior period Same Store NOI has been adjusted to reflect properties added to or removed from Same Store in the current period as a result of the Company’s acquisition and disposition activity, as applicable.

EBITDA and Adjusted EBITDA

We compute EBITDA as net income plus interest expense, interest expense associated with property in receivership, income taxes and depreciation and amortization. We present EBITDA because we believe that EBITDA, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of its ability to incur and service debt. EBITDA should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of its financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of its liquidity. For Adjusted EBITDA, we add back impairment charges and (gain) loss on disposition of property.

Net Debt to Adjusted EBITDA

We compute Net Debt to Adjusted EBITDA as gross debt less cash and cash equivalents divided by the trailing twelve months Adjusted EBITDA, excluding the trailing twelve months Adjusted EBITDA attributable to properties disposed of in the trailing twelve months, and including an implied annualized Adjusted EBITDA for properties acquired in the trailing twelve months that were financed, in whole or in part, with indebtedness, derived from its purchase price and Asset Value calculated in accordance with our credit facility agreement. The Company believes that the presentation of Net Debt to Adjusted EBITDA provides useful information to investors because the Company reviews Net Debt to Adjusted EBITDA as part of the management of its overall financial flexibility, capital structure and leverage based on its percentage ownership interest in all of its assets.

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			First Quarter 2026

COMPANY PROFILE

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality.

BOARD OF DIRECTORS
Anthony E. Malkin			Chairman and Chief Executive Officer
Steven J. Gilbert			Director, Lead Independent Director, Chair of the Compensation Committee
S. Michael Giliberto			Director, Chair of the Audit Committee
Patricia S. Han			Director
Grant H. Hill			Director
R. Paige Hood			Director, Chair of the Finance Committee
George L. W. Malkin			Director
James D. Robinson IV			Director, Chair of the Nominating and Corporate Governance Committee
Christina Van Tassell			Director
Hannah Yang			Director

EXECUTIVE MANAGEMENT
Anthony E. Malkin			Chairman and Chief Executive Officer
Christina Chiu			President
Thomas P. Durels			Executive Vice President, Real Estate
Steve Horn			Executive Vice President, Chief Financial Officer

COMPANY INFORMATION
Corporate Headquarters			Investor Relations			New York Stock Exchange
111 West 33rd Street, 12th Floor			IR@esrtreit.com			Trading Symbol: ESRT
New York, NY 10120
www.esrtreit.com
(212) 687-8700

RESEARCH COVERAGE
BMO Capital Markets Corp.			John Kim			(212) 885-4115			jp.kim@bmo.com
BTIG			Thomas Catherwood			(212) 738-6140			tcatherwood@btig.com
Citi			Seth Bergey			(212) 816-2066			seth.bergey@citi.com
Evercore ISI			Steve Sakwa			(212) 446-9462			steve.sakwa@evercoreisi.com
Green Street Advisors			Dylan Burzinski			(949) 640-8780			dburzinski@greenstreetadvisors.com
Wells Fargo Securities, LLC			Blaine Heck			(443) 263-6529			blaine.heck@wellsfargo.com
Wolfe Research			Ally Yaseen			(646) 582-9253			ayaseen@wolferesearch.com

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			First Quarter 2026
			Condensed Consolidated Balance Sheet
			(unaudited and dollars in thousands)

Assets			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Real estate properties, at cost			$	4,267,420					$	4,205,907					$	3,940,755					$	3,903,950					$	3,825,422
Less: accumulated depreciation			(1,400,827)						(1,366,829)						(1,381,726)						(1,341,144)						(1,306,924)
Real estate properties, net			2,866,593						2,839,078						2,559,029						2,562,806						2,518,498
Cash and cash equivalents			68,820						132,657						154,113						94,643						187,823
Restricted cash			37,326						33,854						43,642						42,084						49,589
Tenant and other receivables			23,667						22,063						27,416						28,124						29,071
Deferred rent receivables			261,275						255,270						259,070						255,272						252,299
Prepaid expenses and other assets			62,849						93,355						58,679						85,083						64,233
Deferred costs, net			262,212						267,682						177,307						181,694						181,802
Acquired below-market ground leases, net			303,621						305,579						307,537						309,495						311,452
Right of use assets			27,882						27,944						28,007						28,070						28,134
Goodwill			491,479						491,479						491,479						491,479						491,479
Total assets			$	4,405,724					$	4,468,961					$	4,106,279					$	4,078,750					$	4,114,380
Liabilities and Equity
Mortgage notes payable, net			$	621,392					$	619,269					$	691,046					$	691,440					$	691,816
Senior unsecured notes, net			1,270,909						1,270,668						1,097,498						1,097,355						1,097,212
Unsecured term loan facility, net			336,972						336,794						268,959						268,883						268,807
Unsecured revolving credit facility			90,000						145,000						—						—						—
Accounts payable and accrued expenses			111,918						120,150						111,732						104,315						135,298
Acquired below-market leases, net			37,948						39,767						15,875						17,081						18,306
Ground lease liabilities			27,882						27,944						28,007						28,070						28,134
Deferred revenue and other liabilities			57,601						59,901						64,191						55,343						61,888
Tenants' security deposits			26,964						27,276						30,751						27,015						27,044
Total liabilities			2,581,586						2,646,769						2,308,059						2,289,502						2,328,505
Total equity			1,824,138						1,822,192						1,798,220						1,789,248						1,785,875
Total liabilities and equity			$	4,405,724					$	4,468,961					$	4,106,279					$	4,078,750					$	4,114,380

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			First Quarter 2026
			Condensed Consolidated Statements of Operations
			(unaudited and in thousands, except per share amounts)

			Three Months Ended
			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Revenues
Rental revenue (1)			$	166,105					$	159,721					$	158,410					$	153,540					$	154,542
Observatory revenue			18,510						35,232						36,037						33,899						23,161
Lease termination fees			1,356						—						—						464						—
Third-party management and other fees			277						240						404						408						431
Other revenue and fees			4,077						4,031						2,879						2,939						1,932
Total revenues			190,325						199,224						197,730						191,250						180,066
Operating expenses
Property operating expenses			47,744						47,817						46,957						44,880						45,060
Ground rent expenses			2,331						2,332						2,331						2,332						2,331
General and administrative expenses			18,093						18,474						18,743						18,685						16,940
Observatory expenses			7,868						10,787						9,510						9,822						8,118
Real estate taxes			34,613						33,842						33,241						32,607						33,050
Depreciation and amortization			50,219						50,566						47,615						47,802						48,779
Total operating expenses			160,868						163,818						158,397						156,128						154,278
Total operating income			29,457						35,406						39,333						35,122						25,788
Other income (expense)
Interest income			613						1,949						1,146						1,867						3,786
Interest expense			(28,137)						(25,880)						(25,189)						(25,126)						(26,938)
Interest expense associated with property in receivership			—						—						—						—						(647)
Loss on early extinguishment of debt			—						(97)						—						—						—
Gain on disposition of property			—						21,848						—						—						13,170
Income before income taxes			1,933						33,226						15,290						11,863						15,159
Income tax (expense) benefit			1,062						(1,054)						(1,645)						(478)						619
Net income			2,995						32,172						13,645						11,385						15,778
Net income attributable to non-controlling interests:
Non-controlling interests in the Operating Partnership			(710)						(11,446)						(4,610)						(3,815)						(5,508)
Private perpetual preferred unit distributions			(1,050)						(1,050)						(1,050)						(1,051)						(1,050)
Net income attributable to common stockholders			$	1,235					$	19,676					$	7,985					$	6,519					$	9,220
Weighted average common shares outstanding
Basic			170,673						168,693						169,250						168,368						167,181
Diluted			269,348						270,328						270,357						269,951						269,529
Earnings per share attributable to common stockholders
Basic			$	0.01					$	0.12					$	0.05					$	0.04					$	0.06
Diluted			$	0.01					$	0.12					$	0.05					$	0.04					$	0.05
Dividends per share			$	0.035					$	0.035					$	0.035					$	0.035					$	0.035

Note:

(1) The following table reflects the components of rental revenue:

			Three Months Ended
Rental Revenue			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Base rent			$	144,296					$	138,956					$	136,371					$	133,987					$	136,096
Billed tenant expense reimbursement			21,809						20,765						22,039						19,553						18,446
Total rental revenue			$	166,105					$	159,721					$	158,410					$	153,540					$	154,542

The preceding table of the components of rental revenue is not, and is not intended to be, a presentation in accordance with GAAP. The Company believes this information is frequently used by management, investors, securities analysts and other interested parties to evaluate the Company’s performance.

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			First Quarter 2026
			FFO, Modified FFO, Core FFO, Core FAD and EBITDA
			(unaudited and in thousands, except per share amounts)

			Three Months Ended
Reconciliation of Net Income to FFO, Modified FFO, and Core FFO			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Net Income			$	2,995					$	32,172					$	13,645					$	11,385					$	15,778
Preferred unit distributions			(1,050)						(1,050)						(1,050)						(1,051)						(1,050)
Real estate depreciation and amortization			49,292						49,689						46,741						46,921						47,871
Gain on disposition of property			—						(21,848)						—						—						(13,170)
FFO attributable to common stockholders and the Operating Partnership			51,237						58,963						59,336						57,255						49,429
Amortization of below-market ground lease			1,958						1,958						1,957						1,958						1,958
Modified FFO attributable to common stockholders and the Operating Partnership			53,195						60,921						61,293						59,213						51,387
Interest expense associated with property in receivership			—						—						—						—						647
Loss on early extinguishment of debt			—						97						—						—						—
IPO litigation expense(1)			—						632						—						—						—
Core FFO attributable to common stockholders and the Operating Partnership			$	53,195					$	61,650					$	61,293					$	59,213					$	52,034
Total weighted average shares and Operating Partnership units
Basic			268,792						266,825						266,963						266,899						267,073
Diluted			269,348						270,328						270,357						269,951						269,529
FFO attributable to common stockholders and the Operating Partnership per share and unit
Basic			$	0.19					$	0.22					$	0.22					$	0.21					$	0.19
Diluted			$	0.19					$	0.22					$	0.22					$	0.21					$	0.18
Modified FFO attributable to common stockholders and the Operating Partnership per share and unit
Basic			$	0.20					$	0.23					$	0.23					$	0.22					$	0.19
Diluted			$	0.20					$	0.23					$	0.23					$	0.22					$	0.19
Core FFO attributable to common stockholders and the Operating Partnership per share and unit
Basic			$	0.20					$	0.23					$	0.23					$	0.22					$	0.19
Diluted			$	0.20					$	0.23					$	0.23					$	0.22					$	0.19

(1) Included as a component of general and administrative expenses in the accompanying condensed consolidated statements of operations.

Reconciliation of Core FFO to Core FAD
Core FFO			$	53,195					$	61,650					$	61,293					$	59,213					$	52,034
Add:
Amortization of deferred financing costs			1,262						1,172						1,082						1,080						1,094
Non-real estate depreciation and amortization			927						877						874						880						908
Amortization of non-cash compensation expense			5,872						6,807						6,484						6,900						4,980
Amortization of loss on interest rate derivative			1,385						1,386						1,385						1,386						1,386
Deduct:
Straight-line rental revenues, above/below market rent, and other non-cash adjustments			(8,201)						(5,380)						(5,832)						(4,913)						(6,407)
Corporate capital expenditures			(264)						(772)						(218)						(234)						(83)
Tenant improvements - second generation			(13,159)						(21,406)						(15,979)						(36,890)						(39,304)
Building improvements - second generation			(4,765)						(4,704)						(5,571)						(7,868)						(5,770)
Leasing commissions - second generation			(3,722)						(8,730)						(3,144)						(7,605)						(7,629)
Core FAD			$	32,530					$	30,900					$	40,374					$	11,949					$	1,209

Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Net income			$	2,995					$	32,172					$	13,645					$	11,385					$	15,778
Interest expense			28,137						25,880						25,189						25,126						26,938
Interest expense associated with property in receivership			—						—						—						—						647
Income tax expense (benefit)			(1,062)						1,054						1,645						478						(619)
Depreciation and amortization			50,219						50,566						47,615						47,802						48,779
EBITDA			80,289						109,672						88,094						84,791						91,523
Gain on disposition of property			—						(21,848)						—						—						(13,170)
Adjusted EBITDA			$	80,289					$	87,824					$	88,094					$	84,791					$	78,353

Page 8

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			First Quarter 2026
			Highlights
			(unaudited and dollars and shares in thousands, except per share amounts)

			Three Months Ended
Office and Retail Metrics:			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Total rentable square footage(1)			8,340,647						8,324,766						8,603,750						8,611,559						8,617,292
Percent occupied (1)(2)			88.2		%				90.3		%				90.0		%				89.2		%				87.9		%
Percent leased (1)(3)			93.2		%				93.6		%				92.6		%				93.1		%				92.5		%
Multifamily Metrics:
Total number of units			743						743						743						743						732
Percent occupied			96.4		%				97.8		%				98.6		%				98.6		%				99.0		%
Same Store Property Cash Net Operating Income (NOI) - excluding lease termination fees:
Office portfolio			$	64,606					$	64,863					$	64,715					$	63,589					$	61,548
Retail portfolio			4,516						4,338						4,136						3,950						4,136
Multifamily portfolio			5,068						5,128						5,284						5,173						4,643
Total Same Store Property Cash NOI, excluding lease termination fees			$	74,190					$	74,329					$	74,135					$	72,712					$	70,327
Observatory Metrics:
Observatory NOI			$	10,642					$	24,445					$	26,527					$	24,077					$	15,043
Number of visitors (4)			350,000						618,000						648,000						629,000						428,000
Change in visitors year-over-year			(18.2)		%				(13.9)		%				(10.9)		%				(2.9)		%				(11.8)		%
Ratios:
Debt to Total Market Capitalization (5)			60.0		%				55.7		%				48.2		%				46.9		%				47.8		%
Net Debt to Total Market Capitalization (5)			59.2		%				54.3		%				46.3		%				45.8		%				45.4		%
Debt and Perpetual Preferred Units to      Total Market Capitalization (5)			62.2		%				57.8		%				50.3		%				49.0		%				49.8		%
Net Debt and Perpetual Preferred Units to      Total Market Capitalization (5)			61.6		%				56.4		%				48.5		%				47.8		%				47.5		%
Debt to Adjusted EBITDA (6)			6.5x						6.7x						6.0x						5.8x						5.8x
Net Debt to Adjusted EBITDA (6)			6.3x						6.3x						5.6x						5.6x						5.2x
Core FFO Payout Ratio (7)			18		%				16		%				16		%				16		%				19		%
Core FAD Payout Ratio (8)			30		%				32		%				24		%				82		%				805		%
Core FFO per share - diluted			$	0.20					$	0.23					$	0.23					$	0.22					$	0.19
Diluted weighted average shares			269,348						270,328						270,357						269,951						269,529
Class A common stock price at quarter end			$	5.20					$	6.52					$	7.66					$	8.09					$	7.82
Dividends declared and paid per share			$	0.035					$	0.035					$	0.035					$	0.035					$	0.035
Dividends per share - annualized			$	0.14					$	0.14					$	0.14					$	0.14					$	0.14
Dividend yield (9)			2.7		%				2.1		%				1.8		%				1.7		%				1.8		%
Series 2014 Private Perpetual Preferred Units outstanding     ($16.62 liquidation value)			1,560						1,560						1,560						1,560						1,560
Series 2019 Private Perpetual Preferred Units outstanding     ($13.52 liquidation value)			4,664						4,664						4,664						4,664						4,664
Class A common stock			171,089						169,523						168,970						168,301						167,094
Class B common stock (10)			970						972						972						975						976
Operating partnership units			110,971						107,225						108,674						109,308						110,662
Total common stock and operating partnership units     outstanding (11)			283,030						277,720						278,616						278,584						278,732

Notes:

(1) Rentable square footage, occupied percentage, and leased percentage excludes approximately 15,000 square feet of space under redevelopment related to the June 2025 acquisition of 86-90 North 6th Street, approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space, related to the December 2025 acquisition of 130 Mercer Street, which will be redeveloped, and approximately 22,000 square feet related to the March 2026 acquisition of 41-55 North 6th Street, which is newly constructed and currently vacant.

(2) Based on leases signed and commenced as of end of period. Percent occupied excludes storage and broadcasting space.

(3) Represents occupancy and includes signed leases not commenced. Percent leased excludes storage and broadcasting space.

(4) Reflects the number of visitors who pass through the turnstile, excluding visitors who make a second visit on the same ticket at no additional charge.

(5) Market capitalization represents the sum of (i) Company's common stock per share price as of period end multiplied by the total outstanding number of shares of common stock and operating partnership units as of period end, (ii) the number of Series 2014 perpetual preferred units at period end multiplied by $16.62, (iii) the number of Series 2019 perpetual preferred units at period end multiplied by $13.52, and (iv) our outstanding indebtedness as of period end.

(6) Calculated based on trailing twelve months Adjusted EBITDA, excluding the trailing twelve months Adjusted EBITDA attributable to properties disposed of in the trailing twelve months, and including an implied annualized Adjusted EBITDA for properties acquired in the trailing twelve months that were financed, in whole or in part, with indebtedness, derived from its purchase price and Asset Value calculated in accordance with our credit facility agreement.

(7) Represents the amount of Core FFO paid out in distributions.

(8) Quarterly Core FAD may fluctuate significantly due to the timing of capital expenditures and leasing commission costs.

(9) Based on the closing price per share of Class A common stock as of the period end.

(10) We have two classes of common stock as a means to give our OP Unit holders voting rights in the public company that correspond to their economic interest in the combined entity. A one-time option was created at our formation transactions for any pre-IPO OP Unit holder to exchange one OP Unit out of every 50 OP Units they owned for one Class B share, and such Class B share carries 50 votes to the extent such holder continues to hold 49 OP units for every Class B share.

(11) Represents fully diluted common stock and operating partnership units as it includes unvested restricted stock and unvested LTIP units.

Page 9

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			First Quarter 2026
			Property Summary - Same Store NOI
			(unaudited and dollars in thousands)

			Three Months Ended
			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Same Store Portfolio(1)
Revenues			$	160,290					$	159,453					$	157,665					$	153,495					$	153,318
Operating expenses			(82,424)						(82,104)						(80,035)						(78,195)						(78,831)
Same store property NOI			77,866						77,349						77,630						75,300						74,487
Straight-line rent			(5,018)						(4,156)						(4,631)						(3,707)						(5,319)
Above/below-market rent revenue amortization			(616)						(822)						(821)						(839)						(799)
Below-market ground lease amortization			1,958						1,958						1,957						1,958						1,958
Total same store property cash NOI - excluding lease termination fees			$	74,190					$	74,329					$	74,135					$	72,712					$	70,327
Percent change over prior year			5.5		%				2.0		%				2.3		%				(2.4)		%				0.4		%
Total same store property cash NOI - excluding lease termination fees			$	74,190					$	74,329					$	74,135					$	72,712					$	70,327
Lease termination fees			1,356						—						—						464						—
Total same store property cash NOI			$	75,546					$	74,329					$	74,135					$	73,176					$	70,327
Same Store Office(1),(2)
Revenues			$	143,199					$	142,004					$	140,613					$	136,543					$	136,408
Operating expenses			(75,477)						(74,883)						(73,102)						(71,336)						(71,598)
Same store property NOI			67,722						67,121						67,511						65,207						64,810
Straight-line rent			(4,601)						(3,605)						(4,143)						(2,947)						(4,633)
Above/below-market rent revenue amortization			(473)						(611)						(610)						(629)						(587)
Below-market ground lease amortization			1,958						1,958						1,957						1,958						1,958
Total same store property cash NOI - excluding lease termination fees			64,606						64,863						64,715						63,589						61,548
Lease termination fees			1,356						—						—						464						—
Total same store property cash NOI			$	65,962					$	64,863					$	64,715					$	64,053					$	61,548
Same Store Retail(1)
Revenues			$	7,149					$	7,294					$	6,972					$	7,106					$	7,264
Operating expenses			(2,046)						(2,200)						(2,147)						(2,194)						(2,240)
Same store property NOI			5,103						5,094						4,825						4,912						5,024
Straight-line rent			(388)						(487)						(420)						(693)						(619)
Above/below-market rent revenue amortization			(199)						(269)						(269)						(269)						(269)
Below-market ground lease amortization			—						—						—						—						—
Total same store property cash NOI - excluding lease termination fees			4,516						4,338						4,136						3,950						4,136
Lease termination fees			—						—						—						—						—
Total same store property cash NOI			$	4,516					$	4,338					$	4,136					$	3,950					$	4,136
Same Store Multifamily(1),(3)
Revenues			$	9,942					$	10,155					$	10,080					$	9,846					$	9,646
Operating expenses			(4,901)						(5,021)						(4,786)						(4,665)						(4,993)
Same store property NOI			5,041						5,134						5,294						5,181						4,653
Straight-line rent			(29)						(64)						(68)						(67)						(67)
Above/below-market rent revenue amortization			56						58						58						59						57
Below-market ground lease amortization			—						—						—						—						—
Total same store property cash NOI - excluding lease termination fees			5,068						5,128						5,284						5,173						4,643
Lease termination fees			—						—						—						—						—
Total same store property cash NOI			$	5,068					$	5,128					$	5,284					$	5,173					$	4,643

Notes:

(1) Revenues include the same-store portion of Rental revenue and Other revenue and fees. Operating expenses include the same-store portion of Property operating expenses, Ground rent expenses, and Real estate taxes.

(2) Includes 472,724 rentable square feet of retail space in nine of the Company’s Same Store office properties.

(3) Includes 25,887 rentable square feet of retail space in the Company’s multifamily properties.

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			First Quarter 2026
			Same Store NOI
			(unaudited and dollars in thousands)

			Three Months Ended
Reconciliation of Net Income to Cash NOI and Same Store Cash NOI			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Net income			$	2,995					$	32,172					$	13,645					$	11,385					$	15,778
Add:
General and administrative expenses			18,093						18,474						18,743						18,685						16,940
Depreciation and amortization			50,219						50,566						47,615						47,802						48,779
Interest expense			28,137						25,880						25,189						25,126						26,938
Interest expense associated with property in receivership			—						—						—						—						647
Loss on early extinguishment of debt			—						97						—						—						—
Income tax expense (benefit)			(1,062)						1,054						1,645						478						(619)
Less:
Gain on disposition of property			—						(21,848)						—						—						(13,170)
Third-party management and other fees			(277)						(240)						(404)						(408)						(431)
Interest income			(613)						(1,949)						(1,146)						(1,867)						(3,786)
Net operating income			97,492						104,206						105,287						101,201						91,076
Straight-line rent			(7,209)						(4,320)						(4,688)						(3,748)						(5,283)
Above/below-market rent revenue amortization			(670)						(737)						(821)						(840)						(798)
Below-market ground lease amortization			1,958						1,958						1,957						1,958						1,958
Total cash NOI - including Observatory and lease termination fees			91,571						101,107						101,735						98,571						86,953
Less: Observatory NOI			(10,642)						(24,445)						(26,527)						(24,077)						(15,043)
Less: cash NOI from non-Same Store properties			(5,383)						(2,333)						(1,073)						(1,318)						(1,583)
Total Same Store property cash NOI - including lease termination fees			75,546						74,329						74,135						73,176						70,327
Less: Lease termination fees			(1,356)						—						—						(464)						—
Total Same Store property cash NOI - excluding Observatory and lease termination fees			$	74,190					$	74,329					$	74,135					$	72,712					$	70,327

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			First Quarter 2026
			Property Summary - Leasing Activity by Quarter
			(unaudited)

			Three Months Ended
			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Total Office and Retail Portfolio(1)
Total leases executed			11						27						16						22						20
Weighted average lease term			12.2 years						6.7 years						8.1 years						9.9 years						8.4 years
Average free rent period			13.9 months						2.9 months						6.0 months						7.6 months						7.8 months
Office
Total square footage executed			90,687						333,451						71,859						221,776						229,367
Average starting cash rent psf - leases executed			$	59.46					$	73.63					$	69.97					$	71.21					$	66.43
Previously escalated cash rents psf			$	55.66					$	69.20					$	67.33					$	63.50					$	60.63
Percentage of new cash rent over previously escalated rents			6.8		%				6.4		%				3.9		%				12.1		%				9.6		%
Retail
Total square footage executed			22,797						125,022						16,021						10,332						1,181
Average starting cash rent psf - leases executed			$	135.49					$	81.43					$	128.33					$	268.92					$	193.00
Previously escalated cash rents psf			$	137.03					$	83.81					$	145.48					$	316.28					$	183.74
Percentage of new cash rent over previously escalated rents			(1.1)		%				(2.8)		%				(11.8)		%				(15.0)		%				5.0		%
Total Office and Retail Portfolio
Total square footage executed			113,484						458,473						87,880						232,108						230,548
Average starting cash rent psf - leases executed			$	74.73					$	75.61					$	80.61					$	80.01					$	67.08
Previously escalated cash rents psf			$	72.01					$	72.90					$	81.57					$	74.75					$	61.27
Percentage of new cash rent over previously escalated rents			3.8		%				3.7		%				(1.2)		%				7.0		%				9.5		%
Leasing commission costs per square foot			$	32.21					$	21.53					$	33.24					$	31.62					$	22.39
Tenant improvement costs per square foot			104.97						33.61						59.60						86.85						47.92
Total LC and TI per square foot(2)			$	137.18					$	55.14					$	92.84					$	118.47					$	70.31
Total LC and TI per square foot per year of weighted average lease term			$	11.24					$	8.25					$	11.48					$	11.93					$	8.34
Occupancy(3),(4)			88.2		%				90.3		%				90.0		%				89.2		%				87.9		%

Manhattan Office Portfolio
Total leases executed			9						18						14						18						18
Office - New Leases
Total square footage executed			83,397						106,311						26,430						202,499						43,184
Average starting cash rent psf - leases executed			$	58.54					$	70.97					$	68.56					$	72.28					$	69.13
Previously escalated cash rents psf			$	55.27					$	62.55					$	67.69					$	63.11					$	66.77
Percentage of new cash rent over previously escalated rents			5.9		%				13.5		%				1.3		%				14.5		%				3.5		%
Office - Renewal Leases(1)
Current Renewals			7,290						14,542						30,907						19,277						177,328
Early Renewals			—						212,598						14,522						—						—
Total square footage executed			7,290						227,140						45,429						19,277						177,328
Average starting cash rent psf - leases executed			$	70.00					$	74.88					$	70.80					$	59.97					$	66.62
Previously escalated cash rents psf			$	60.19					$	72.31					$	67.11					$	67.51					$	59.35
Percentage of new cash rent over previously escalated rents			16.3		%				3.6		%				5.5		%				(11.2)		%				12.3		%
Total Manhattan Office Portfolio
Total square footage executed			90,687						333,451						71,859						221,776						220,512
Average starting cash rent psf - leases executed			$	59.46					$	73.63					$	69.97					$	71.21					$	67.11
Previously escalated cash rents psf			$	55.66					$	69.20					$	67.33					$	63.50					$	60.80
Percentage of new cash rent over previously escalated rents			6.8		%				6.4		%				3.9		%				12.1		%				10.4		%
Leasing commission costs per square foot			$	23.49					$	14.38					$	20.16					$	28.97					$	22.47
Tenant improvement costs per square foot			105.06						36.36						47.79						89.60						49.50
Total LC and TI per square foot(2)			$	128.55					$	50.74					$	67.95					$	118.57					$	71.97
Total LC and TI per square foot per year of weighted average lease term			$	12.30					$	10.01					$	10.76					$	11.79					$	8.41
Occupancy(3),(4)			87.9		%				89.9		%				90.3		%				89.5		%				88.1		%

(Table continued on next page)

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			First Quarter 2026
			Property Summary - Leasing Activity by Quarter - (Continued)
			(unaudited)

			Three Months Ended
			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Retail Portfolio
Total leases executed			2						9						2						4						1
Total square footage executed			22,797						125,022						16,021						10,332						1,181
Average starting cash rent psf - leases executed			$	135.49					$	81.43					$	128.33					$	268.92					$	193.00
Previously escalated cash rents psf			$	137.03					$	83.81					$	145.48					$	316.28					$	183.74
Percentage of new cash rent over previously escalated rents			(1.1)		%				(2.8)		%				(11.8)		%				(15.0)		%				5.0		%
Leasing commission costs per square foot			$	66.91					$	40.58					$	91.92					$	88.59					$	63.04
Tenant improvement costs per square foot			104.62						26.29						112.59						27.88						—
Total LC and TI per square foot(2)			$	171.53					$	66.87					$	204.51					$	116.47					$	63.04
Total LC and TI per square foot per year of weighted average lease term			$	8.95					$	6.09					$	12.74					$	16.15					$	6.25
Occupancy(3),(4)			91.2		%				94.4		%				92.8		%				91.7		%				91.2		%

Multifamily Portfolio
Percent occupied			96.4		%				97.8		%				98.6		%				98.6		%				99.0		%
Total number of units			743						743						743						743						732

Notes:

(1) Includes Early Renewals which are leases that were signed over two years prior to the lease expiration.

(2) Presents all tenant improvement and leasing commission costs as if they were incurred in the period in which the lease was signed, which may be different than the period in which they are paid.

(3) All occupancy rates exclude broadcasting and storage space.

(4) As applicable, excludes approximately 15,000 square feet of retail space under redevelopment related to the June 2025 acquisition of 86-90 North 6th Street, approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space, related to the December 2025 acquisition of 130 Mercer Street, which will be redeveloped, and approximately 22,000 square feet of retail space related to the March 2026 acquisition of 41-55 North 6th Street, which is newly constructed and currently vacant.

Page 13

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			First Quarter 2026
			Commercial Property Detail
			(unaudited)

Property Name			Location or Sub-Market						Rentable Square Feet (1)						Percent Occupied (2),(3)						Percent Leased (3),(4)						Annualized Rent (5)						Annualized Rent per Occupied Square Foot (6)						Number of Leases (7)
Office (8)
The Empire State Building			Penn Station -Times Sq. South						2,710,631						88.4		%				96.1		%				$	174,606,185					$	73.43					146
One Grand Central Place			Grand Central						1,243,797						83.1		%				91.1		%				68,200,625						66.09						113
250 West 57th Street			Columbus Circle - West Side						476,847						82.9		%				84.2		%				27,545,350						69.80						29
501 Seventh Avenue			Penn Station -Times Sq. South						458,767						76.0		%				84.2		%				19,862,426						56.85						13
Broadway Campus
1400 Broadway (9)			Penn Station -Times Sq. South						917,281						92.9		%				96.8		%				54,675,770						64.22						17
111 West 33rd Street (10)			Penn Station -Times Sq. South						639,629						94.8		%				94.8		%				43,822,663						72.26						21
1359 Broadway			Penn Station -Times Sq. South						456,634						86.3		%				86.3		%				24,043,818						61.17						29
1350 Broadway (11)			Penn Station -Times Sq. South						384,128						96.8		%				97.8		%				22,786,320						61.41						50
1333 Broadway			Penn Station -Times Sq. South						297,126						89.8		%				89.8		%				15,760,696						59.09						11
Total Broadway Campus									2,694,798						92.5		%				93.9		%				161,089,267						64.73						128
Total/Weighted Average Office Properties									7,584,840						87.9		%				93.0		%				451,303,853						67.94						429
Retail Properties (8)
North Sixth Street Collection(12)			Williamsburg - Brooklyn						87,355						85.0		%				97.5		%				11,067,378						149.06						15
The Empire State Building			Penn Station -Times Sq. South						85,455						52.8		%				77.6		%				5,712,959						126.52						10
One Grand Central Place			Grand Central						70,780						100.0		%				100.0		%				8,711,268						123.08						12
250 West 57th Street			Columbus Circle - West Side						63,443						94.8		%				94.8		%				9,411,484						156.43						7
1542 Third Avenue			Upper East Side						58,161						100.0		%				100.0		%				3,097,164						53.25						4
10 Union Square East			Union Square						58,049						88.2		%				88.2		%				8,131,204						158.79						8
1010 Third Avenue			Upper East Side						28,243						100.0		%				100.0		%				3,077,783						108.98						1
501 Seventh Avenue			Penn Station - Times Sq. South						27,213						89.4		%				89.4		%				1,810,632						74.44						8
77 West 55th Street			Midtown						25,388						100.0		%				100.0		%				2,081,126						81.97						3
561 10th Avenue			Hudson Yards						11,822						100.0		%				100.0		%				1,783,483						150.86						2
298 Mulberry Street			NoHo						10,365						100.0		%				100.0		%				1,984,904						191.50						1
345 East 94th Street			Upper East Side						3,700						100.0		%				100.0		%				276,126						74.63						1
Broadway Campus
112 West 34th Street(10)			Penn Station -Times Sq. South						93,057						100.0		%				100.0		%				26,022,498						279.64						4
1333 Broadway			Penn Station -Times Sq. South						67,001						100.0		%				100.0		%				10,507,517						156.83						4
1359 Broadway			Penn Station -Times Sq. South						29,247						99.4		%				99.4		%				2,273,059						78.16						5
1350 Broadway (11)			Penn Station -Times Sq. South						19,511						100.0		%				100.0		%				4,140,247						212.20						6
1400 Broadway (9)			Penn Station -Times Sq. South						17,017						100.0		%				100.0		%				2,094,293						123.07						7
Total Broadway Campus									225,833						99.9		%				99.9		%				45,037,614						199.57						26
Total/Weighted Average Retail Properties									755,807						91.2		%				95.4		%				102,183,125						148.26						98
Portfolio Total									8,340,647						88.2		%				93.2		%				$	553,486,978					$	75.49					527

Notes:

(1) Excludes (i) 174,578 square feet of space across the Company's portfolio attributable to building management use and tenant amenities, (ii) 85,334 square feet of space attributable to the Company's Observatory, and (iii) square footage related to the Company's residential units.

(2) Based on leases signed and commenced as of March 31, 2026.

(3) Percent occupied and percent leased exclude 109,961 rentable square feet of broadcasting and storage space.

(4) Includes occupied space plus leases signed but not commenced as of March 31, 2026.

(5) Represents annualized base rent and current reimbursement for operating expenses and real estate taxes.

(6) Represents annualized rent under leases commenced as of March 31, 2026 divided by occupied square feet.

(7) Represents the number of leases at each property or on a portfolio basis. If a tenant has more than one lease, whether or not at the same property, but with different expirations, the number of leases is calculated equal to the number of leases with different expirations.

(8) Excludes approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space, related to the December 2025 acquisition of 130 Mercer Street, which will be redeveloped. As of March 31, 2026, the percent occupied and percent leased were 70.6%, which was comprised of 68.3% for office space and 100% for retail space.

(9) Denotes a ground leasehold interest in the property with a remaining term, including unilateral extension rights available to the Company, of approximately 38 years (expiring December 31, 2063).

(10) Denotes a ground leasehold interest in the property with a remaining term, including unilateral extension rights available to the Company, of approximately 51 years (expiring June 10, 2077).

(11) Denotes a ground leasehold interest in the property with a remaining term, including unilateral extension rights available to the Company, of approximately 24 years (expiring July 31, 2050).

(12) Excludes approximately 15,000 square feet of space related to the June 30, 2025 acquisition of 86-90 North 6th Street, which is under redevelopment. As of March 31, 2026, the percent occupied and percent leased were 0% and 49.5%, respectively. In addition, excludes approximately 22,000 square feet related to the March 2026 acquisition of 41-55 North 6th Street, which is newly constructed and currently vacant.

Page 14

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			First Quarter 2026
			Total Portfolio Expirations and Vacates Summary
			(unaudited and in square feet)

			Actual						Forecast (1)																		Forecast (1)						Forecast (1)
			Three Months Ended
Total Office and Retail Portfolio (2),(3)			March 31, 2026						June 30, 2026						September 30, 2026						December 31, 2026						Apr. to Dec. 2026						Full Year 2027
Total expirations			145,253						108,505						85,465						168,884						362,854						603,425
Less: broadcasting			—						(906)						(511)						—						(1,417)						(7,247)
Office and retail expirations			145,253						107,599						84,954						168,884						361,437						596,178
Renewals & relocations (4)			71,644						41,402						38,290						3,889						83,581						56,904
New leases (5)			16,893						32,571						3,429						16,321						52,321						59,869
Vacates (6)			56,716						33,626						37,177						138,235						209,038						315,331
Unknown (7)			—						—						6,058						10,439						16,497						164,074
Total Office and Retail Portfolio expirations and vacates			145,253						107,599						84,954						168,884						361,437						596,178
Office Portfolio (3)
Total expirations			139,815						108,505						74,305						168,531						351,341						588,945
Less: broadcasting			—						(906)						(511)						—						(1,417)						(7,247)
Office expirations			139,815						107,599						73,794						168,531						349,924						581,698
Renewals & relocations (4)			71,644						41,402						38,290						3,889						83,581						50,128
New leases (5)			11,455						32,571						—						16,321						48,892						59,869
Vacates (6)			56,716						33,626						29,446						138,235						201,307						307,627
Unknown (7)			—						—						6,058						10,086						16,144						164,074
Total expirations and vacates			139,815						107,599						73,794						168,531						349,924						581,698
Retail Portfolio
Retail expirations			5,438						—						11,160						353						11,513						14,480
Renewals & relocations (4)			—						—						—						—						—						6,776
New leases (5)			5,438						—						3,429						—						3,429						—
Vacates (6)			—						—						7,731						—						7,731						7,704
Unknown (7)			—						—						—						353						353						—
Total expirations and vacates			5,438						—						11,160						353						11,513						14,480

Notes:

(1) These forecasts, which are subject to change, are based on management's current expectations, including, among other things, discussions with and other information provided by tenants as well as management's analyses of past historical trends.

(2) Any lease on month-to-month or short-term will re-appear in "Actual" in each period until tenant has vacated or renewed, and thus it would be double counted if periods were cumulated. "Forecast" avoids double counting.

(3) Includes in-place leases at 130 Mercer Street which was acquired in December 2025 and will be redeveloped.

(4) For forecasted periods, “Renewals & relocations” includes the following: tenants renew their existing leases in all or a portion of their current spaces; tenants which signed renewal leases for a term of less than six months and reappear in forecast periods in 2026; and tenants who move within a building or within the Company's portfolio.

(5) For forecasted periods, “New Leases” represents leases that have been signed with a new tenant, a subtenant who signed a direct lease or a tenant who expanded. There may be downtime between the lease expiration and the new lease commencement.

(6) For forecasted periods, “Vacates” assumes a tenant elects not to renew at the end of their existing lease or exercises an early termination option; leases that the Company decides not to renew at the end of tenants' existing lease due to anticipated future redevelopment or for other reasons. This also may include early lease terminations.

(7) For forecasted periods, "Unknown" represents tenants whose intentions are unknown.

Page 15

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			First Quarter 2026
			Tenant Lease Expirations
			(unaudited)

Total Office and Retail Lease Expirations(1)			Number of Leases Expiring(2)						Rentable Square Feet Expiring(3)						Percent of Portfolio Rentable Square Feet Expiring						Annualized Rent(4)						Percent of Annualized Rent						Annualized Rent Per Rentable Square Foot
Available			—						735,226						8.4		%				$	—					—		%				$	—
Signed leases not commenced			21						422,667						4.8		%				—						—		%				—
1Q 2026(5)			6						28,097						0.3		%				1,829,659						0.3		%				65.12
2Q 2026			9						87,620						1.0		%				5,353,130						0.9		%				61.09
3Q 2026			17						85,465						1.0		%				5,337,339						0.9		%				62.45
4Q 2026			19						168,884						1.9		%				10,776,899						1.8		%				63.81
Total 2026			51						370,066						4.2		%				23,297,027						3.9		%				62.95
1Q 2027			15						66,318						0.8		%				5,417,896						0.9		%				81.70
2Q 2027			16						119,136						1.4		%				9,109,476						1.6		%				76.46
3Q 2027			21						111,856						1.3		%				7,299,226						1.2		%				65.26
4Q 2027			23						306,115						3.5		%				17,350,219						3.0		%				56.68
Total 2027			75						603,425						7.0		%				39,176,817						6.7		%				64.92
2028			61						846,215						9.6		%				53,480,888						9.1		%				63.20
2029			69						749,143						8.5		%				66,799,536						11.4		%				89.17
2030			56						697,606						8.0		%				53,301,011						9.1		%				76.41
2031			44						255,036						2.9		%				29,332,212						5.0		%				115.01
2032			29						381,443						4.3		%				29,574,319						5.1		%				77.53
2033			43						323,709						3.7		%				28,469,104						4.9		%				87.95
2034			24						383,835						4.4		%				36,569,739						6.2		%				95.27
2035			25						467,738						5.3		%				33,617,488						5.7		%				71.87
2036			24						949,178						10.8		%				72,002,712						12.3		%				75.86
Thereafter			32						1,587,129						18.1		%				119,825,000						20.6		%				75.50
Total			554						8,772,416						100.0		%				$	585,445,853					100.0		%				$	76.89

Office Properties(1), (6)
Available			—						670,944						8.4		%				$	—					—		%				$	—
Signed leases not commenced			17						384,114						4.8		%				—						—		%				—
1Q 2026(5)			6						28,097						0.4		%				1,829,659						0.4		%				65.12
2Q 2026			9						87,620						1.1		%				5,353,130						1.1		%				61.09
3Q 2026			15						74,305						0.9		%				4,584,522						1.0		%				61.70
4Q 2026			18						168,531						2.1		%				10,776,899						2.3		%				63.95
Total 2026			48						358,553						4.5		%				22,544,210						4.8		%				62.88
1Q 2027			13						55,298						0.7		%				3,901,139						0.8		%				70.55
2Q 2027			15						115,963						1.5		%				7,919,601						1.7		%				68.29
3Q 2027			21						111,856						1.4		%				7,299,226						1.5		%				65.26
4Q 2027			22						305,828						3.8		%				17,293,016						3.7		%				56.54
Total 2027			71						588,945						7.4		%				36,412,982						7.7		%				61.83
2028			57						834,805						10.5		%				51,681,310						11.0		%				61.91
2029			56						622,687						7.8		%				41,762,526						8.9		%				67.07
2030			45						667,138						8.4		%				45,989,878						9.8		%				68.94
2031			33						180,322						2.3		%				13,310,864						2.8		%				73.82
2032			23						344,120						4.3		%				25,776,777						5.5		%				74.91
2033			28						264,794						3.3		%				17,389,134						3.7		%				65.67
2034			16						343,747						4.3		%				25,518,088						5.4		%				74.24
2035			20						458,489						5.8		%				32,110,175						6.8		%				70.03
2036			17						873,421						11.0		%				67,003,413						14.2		%				76.71
Thereafter			18						1,360,527						17.2		%				92,178,792						19.4		%				67.75
Total Office properties			449						7,952,606						100.0		%				$	471,678,149					100.0		%				$	68.38

(Table continued on next page)

Page 16

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			First Quarter 2026
			Tenant Lease Expirations
			(unaudited)

Retail Properties(1)
Available			—						64,282						7.8		%				$	—					—		%				$	—
Signed leases not commenced			4						38,553						4.7		%				—						—		%				—
1Q 2026(5)			—						—						—		%				—						—		%				—
2Q 2026			—						—						—		%				—						—		%				—
3Q 2026			2						11,160						1.4		%				752,817						0.7		%				67.46
4Q 2026(7)			1						353						0.1		%				—						—		%				—
Total 2026			3						11,513						1.5		%				752,817						0.7		%				65.39
1Q 2027			2						11,020						1.3		%				1,516,757						1.3		%				137.64
2Q 2027			1						3,173						0.4		%				1,189,875						1.0		%				375.00
3Q 2027			—						—						—		%				—						—		%				—
4Q 2027			1						287						0.1		%				57,203						0.1		%				199.31
Total 2027			4						14,480						1.8		%				2,763,835						2.4		%				190.87
2028			4						11,410						1.4		%				1,799,578						1.6		%				157.72
2029			13						126,456						15.4		%				25,037,010						22.0		%				197.99
2030			11						30,468						3.7		%				7,311,133						6.4		%				239.96
2031			11						74,714						9.1		%				16,021,348						14.1		%				214.44
2032			6						37,323						4.6		%				3,797,542						3.3		%				101.75
2033			15						58,915						7.2		%				11,079,970						9.7		%				188.07
2034			8						40,088						4.9		%				11,051,651						9.7		%				275.68
2035			5						9,249						1.1		%				1,507,313						1.3		%				162.97
2036			7						75,757						9.2		%				4,999,299						4.4		%				65.99
Thereafter			14						226,602						27.6		%				27,646,208						24.4		%				122.00
Total retail properties			105						819,810						100.0		%				$	113,767,704					100.0		%				$	158.68

Notes:

(1) Includes in-place leases at 130 Mercer Street which was acquired in December 2025 and will be redeveloped.

(2) If a tenant has more than one lease, whether or not at the same property, but with different expirations, the number of leases is calculated equal to the number of leases with different expirations.

(3) Excludes (i) 174,578 square feet of space across the Company's portfolio attributable to building management use and tenant amenities, (ii) 85,334 square feet of space attributable to the Company's Observatory, and (iii) square footage related to the Company's residential units.

(4) Represents annualized base rent and current reimbursement for operating expenses and real estate taxes.

(5) Represents leases that are included in occupancy as of March 31, 2026 and expire on March 31, 2026.

(6) Excludes (i) retail space in the Manhattan office and (ii) the Empire State Building broadcasting licenses and Observatory operations.

(7) Includes a percentage rent lease with no annualized rent.

Page 17

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			First Quarter 2026
			20 Largest Tenants and Portfolio Tenant Diversification by Industry
			(unaudited)

20 Largest Tenants(1)						Property						Lease Expiration(2)						Weighted Average Remaining Lease Term(3)						Total Occupied Square Feet(4)						Percent of Portfolio Rentable Square Feet(5)						Annualized Rent(6)						Percent of Portfolio Annualized Rent(7)
1.			LinkedIn(8)			Empire State Building						Apr. 2026 - Aug. 2036						9.7 years						423,544						4.89		%				$	34,439,476					5.88		%
2.			Flagstar Bank			1400 Broadway						Aug. 2039						13.4 years						313,109						3.62		%				19,845,211						3.39		%
3.			Scholastic Inc.			130 Mercer						Dec. 2040						14.8 years						221,952						2.56		%				18,208,375						3.11		%
4.			Sephora USA, Inc.			112 West 34th Street, 130 Mercer						Jan. 2029 - Jan. 2034						4.8 years						21,834						0.25		%				16,975,537						2.90		%
5.			Centric Brands Inc.			Empire State Building						Oct. 2028						2.6 years						252,929						2.92		%				14,852,143						2.54		%
6.			Institutional Capital Network, Inc.			One Grand Central Place						Dec. 2041						15.8 years						154,050						1.78		%				11,212,343						1.92		%
7.			Burlington Merchandising Corporation			1400 Broadway						Dec. 2042						16.8 years						170,763						1.97		%				10,880,524						1.86		%
8.			PVH Corp(9)			501 Seventh Avenue						Jun. 2026 - Oct. 2028						2.4 years						186,721						2.16		%				10,813,298						1.85		%
9.			Macy's			111 West 33rd Street						May 2030						4.2 years						131,117						1.51		%				9,774,137						1.67		%
10.			Coty Inc.			Empire State Building						Jan. 2030						3.8 years						157,892						1.82		%				9,695,067						1.66		%
11.			Target Corporation			112 West 34th St., 10 Union Square East						Jan. 2038						11.8 years						81,340						0.94		%				9,629,963						1.64		%
12.			Li & Fung(10)			1359 Broadway, ESB						Oct. 2027 - Oct. 2028						2.3 years						149,061						1.72		%				9,049,465						1.55		%
13.			Foot Locker, Inc.			112 West 34th Street						Sep. 2031						5.5 years						34,192						0.40		%				8,630,727						1.47		%
14.			URBAN OUTFITTERS			1333 Broadway						Sep. 2029						3.5 years						56,730						0.66		%				8,489,236						1.45		%
15.			Shutterstock, Inc.			Empire State Building						Apr. 2029						3.1 years						108,937						1.26		%				7,840,724						1.34		%
16.			HNTB Corporation(11)			Empire State Building						Jun. 2027 - Sep. 2034						7.9 years						86,211						1.00		%				7,671,996						1.31		%
17.			Fragomen			1400 Broadway						Feb. 2035						8.9 years						107,680						1.24		%				7,186,662						1.23		%
18.			The Michael J. Fox Foundation			111 West 33rd Street						Nov. 2029						3.7 years						86,492						1.00		%				6,669,977						1.14		%
19.			ASCAP			250 West 57th Street						Aug. 2034						8.4 years						87,943						1.02		%				6,277,484						1.07		%
20.			Kohl's			1400 Broadway						May 2029						3.2 years						91,775						1.06		%				5,279,222						0.90		%
			Total																					2,924,272						33.78		%				$	233,421,567					39.88		%

Portfolio Tenant Diversification by Industry (based on annualized rent)(1)

Notes:

(1) Includes in-place leases at 130 Mercer Street which was acquired in December 2025 and will be redeveloped.

(2) Expiration dates are per lease and do not assume exercise of renewal or extension options. For tenants with more than two leases, the lease expiration is shown as a range.

(3) Represents the weighted average lease term based on annualized rent.

(4) Based on leases signed and commenced as of March 31, 2026.

(5) Represents the percentage of rentable square feet of the Company's office and retail portfolios in the aggregate.

(6) Represents annualized base rent and current reimbursement for operating expenses and real estate taxes.

(7) Represents the percentage of annualized rent of the Company's office and retail portfolios in the aggregate.

(8) Includes 40,781 square feet of expiries by December 31, 2027, none of which has been re-leased as of March 31, 2026.

(9) Includes 14,717 square feet of expiries by December 31, 2027, which has been re-leased.

(10) Includes 45,598 square feet of expiries at 1359 Broadway by December 31, 2027, of which 24,212 square feet has been re-leased.

(11) Includes 7,850 square feet of expiries by December 31, 2027, none of which has been re-leased as of March 31, 2026.

Page 18

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			First Quarter 2026
			Incremental Cash Rent Contributing to Cash NOI, Capital Expenditures and Redevelopment Program
			(unaudited and dollars in thousands)

Incremental Cash Rent Contributing to Cash NOI in the Following Years From Burn-off of Free Rent and Signed Leases not Commenced (1)

						Square						Incremental Annual						Incremental Cash Rent(2) Contributing to Cash NOI in the Following Years
Expected Cash Commencement						Feet						Cash Rent						2026						2027						2028						2029						2030
Second quarter 2026						248,793						$	17,028					$	11,014					$	16,899					$	16,677					$	16,629					$	16,629
Third quarter 2026						179,932						11,974						5,446						11,974						11,923						11,821						11,821
Fourth quarter 2026						233,787						15,862						1,802						15,862						15,862						15,862						15,862
First quarter 2027						70,655						5,602						—						4,866						5,602						5,602						5,602
Second quarter 2027						51,726						2,951						—						2,224						2,951						2,951						2,978
Third quarter 2027						204,116						16,873						—						6,380						16,873						16,873						16,873
Fourth quarter 2027						45,512						3,985						—						655						3,985						3,985						3,985
First quarter 2028						9,030						677						—						—						568						677						677
Second quarter 2028						99,613						3,109						—						—						2,141						3,109						3,109
						1,143,164						$	78,061					$	18,262					$	58,860					$	76,582					$	77,509					$	77,536

						Initial Annual						Incremental Annual						Incremental Cash Rent(2) Contributing to Cash NOI in the Following Years
1Q 2026						Cash Rent						Cash Rent						2026						2027						2028						2029						2030
Commenced leases in free rent period						$	45,969					$	43,849					$	17,534					$	43,027					$	43,338					$	43,298					$	43,298
Signed leases not commenced						39,474						34,212						728						15,833						33,244						34,211						34,238
						$	85,443					$	78,061					$	18,262					$	58,860					$	76,582					$	77,509					$	77,536

			Three Months Ended
Capital expenditures			March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Tenant improvements - first generation			$	138					$	—					$	29					$	39					$	174
Tenant improvements - second generation			13,159						21,406						15,979						36,890						39,304
Leasing commissions - first generation			—						1,387						—						—						—
Leasing commissions - second generation			3,722						8,730						3,144						7,605						7,629
Building improvements - first generation			2,507						2,556						1,094						236						—
Building improvements - second generation			4,765						4,704						5,571						7,868						5,770
Non-recurring capital improvements			3,102						8,499						14,495						8,934						2,910
Total			$	27,393					$	47,282					$	40,312					$	61,572					$	55,787

Notes:

(1) Reflects contractual cash rent assumptions based on in-place leases and do not represent guidance or projections of future financial performance.

(2) Reflects initial annual cash rent less annual cash rent from existing tenant in the space.

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			First Quarter 2026
			Observatory Summary
			(unaudited and dollars in thousands)

						Twelve Months to Date						Three Months Ended
Observatory NOI												March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
Observatory revenue (1)						$	123,678					$	18,510					$	35,232					$	36,037					$	33,899					$	23,161
Observatory expenses						37,987						7,868						10,787						9,510						9,822						8,118
NOI						85,691						10,642						24,445						26,527						24,077						15,043
Intercompany rent expense (2)						73,967						12,821						20,295						20,185						20,666						15,160
NOI after intercompany rent						$	11,724					$	(2,179)					$	4,150					$	6,342					$	3,411					$	(117)
Observatory Metrics
Number of visitors (3)												350,000						618,000						648,000						629,000						428,000
Change in visitors year-over-year												(18.2)		%				(13.9)		%				(10.9)		%				(2.9)		%				(11.8)		%
Number of bad weather days ("BWD") (4)												15						15						6						21						13

Notes:

(1) Observatory revenues include the fixed license fee received from WDFG North America, the Observatory gift shop operator. For the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, the fixed license fee was $970, $1,904, $1,904, $1,904 and $1,904, respectively.

(2) The Observatory pays a market-based rent payment comprised of fixed and percentage rent to the Empire State Building. Intercompany rent is eliminated upon consolidation.

(3) Reflects the number of visitors who pass through the turnstile, excluding visitors who make a second visit on the same ticket at no additional charge.

(4) The Company defines a bad weather day as one in which the top of the Empire State Building is obscured from view for more than 50% of the day.

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			First Quarter 2026
			Debt Summary
			(unaudited and dollars in thousands)

						March 31, 2026
												Weighted Average
Debt Summary						Balance						Interest Rate (1)						Maturity (Years)
Mortgage debt						$	631,550					3.84		%				5.9
Senior unsecured notes						1,275,000						4.86		%				4.5
Unsecured term loan facilities (2)						340,000						4.54		%				4.3
Unsecured revolving credit facility (3)						50,000						4.91		%				2.9
Total fixed rate debt						2,296,550						4.53		%				4.8
Unsecured term loan facilities (4)						—						—						—
Unsecured revolving credit facility (3)						40,000						5.14		%				2.9
Total variable rate debt						40,000						5.14		%				2.9
Total debt						2,336,550						4.54		%				4.8
Deferred financing costs, net						(12,070)
Debt discount						(5,207)
Total						$	2,319,273

Available Capacity																		Facility						Outstanding at March 31, 2026						Letters of Credit						Available Capacity
Unsecured revolving credit facility (5)																		$	620,000					$	90,000					$	—					$	530,000

Covenant Summary

Required

Current Quarter

In Compliance

Maximum Total Leverage (6)

< 60%

36.3

%

Yes

Maximum Secured Leverage (7)

< 40%

10.1

%

Yes

Minimum Fixed Charge Coverage

> 1.50x

2.8x

Yes

Minimum Unencumbered Interest Coverage

> 1.75x

3.8x

Yes

Maximum Unsecured Leverage (8)

< 60%

35.0

%

Yes

Notes:

(1) These reflect the weighted average interest rates comprised of either the fixed coupon of the debt, including the effect of applicable treasury locks, the rates which are fixed under variable to fixed interest rate swap agreements, or the current variable rate of the revolving credit facility.

(2) SOFR is fixed at 2.56% for $175 million through December 31, 2026 and at 3.01% thereafter through maturity. In addition, SOFR is fixed at 3.31%, 3.23% and 3.25% for $95 million, $35 million and $35 million, respectively, through maturity.

(3) SOFR is fixed at 3.40% for $50 million through December 31, 2026.

(4) As of March 31, 2026, each of our unsecured term loan facilities is fixed under variable to fixed interest rate swap agreements.

(5) This unsecured revolving credit facility matures in March 2029, inclusive of two additional six-month extension options.

(6) Represents the ratio of total indebtedness to total asset value as determined in accordance with the credit facility agreement.

(7) Represents the ratio of secured indebtedness to total asset value as determined in accordance with the credit facility agreement.

(8) Represents the ratio of unsecured indebtedness to unencumbered asset value as determined in accordance with the credit facility agreement.

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			First Quarter 2026
			Debt Detail
			(unaudited and dollars in thousands)

						Stated Interest Rate (%)						Principal Balance						Maturity Date						Amortization
1542 Third Avenue						4.29		%				$	30,000					5/1/2027						Interest only
1010 Third Avenue & 77 West 55th St.						4.01		%				32,860						1/5/2028						30 years
250 West 57th Street						2.83		%				180,000						12/1/2030						Interest only
1333 Broadway						4.21		%				160,000						2/5/2033						Interest only
10 Union Square East (1)						5.33		%				53,500						4/1/2036						Interest only
345 East 94th Street - Series A						70% of SOFR plus 0.95%						43,600						11/1/2030						Interest only
345 East 94th Street - Series B						SOFR plus 2.24%						5,496						11/1/2030						30 years
561 10th Avenue - Series A						70% of SOFR plus 1.07%						114,500						11/1/2033						Interest only
561 10th Avenue - Series B						SOFR plus 2.45%						11,594						11/1/2033						30 years
Total fixed rate mortgage debt												631,550
Unsecured revolving credit facility						SOFR plus 1.40%						90,000						3/8/2029						Interest only
Unsecured term loan facility						SOFR plus 1.60%						95,000						3/8/2029						Interest only
Unsecured term loan facility						SOFR plus 1.60%						245,000						1/15/2031						Interest only
Senior unsecured notes:
Series B						4.09		%				125,000						3/27/2027						Interest only
Series D						4.08		%				115,000						1/22/2028						Interest only
Series I						7.20		%				155,000						6/17/2029						Interest only
Series E						4.26		%				160,000						3/22/2030						Interest only
Series C						4.18		%				125,000						3/27/2030						Interest only
Series L						5.47		%				175,000						1/7/2031						Interest only
Series J						7.32		%				45,000						6/17/2031						Interest only
Series G						3.61		%				100,000						3/17/2032						Interest only
Series F						4.44		%				175,000						3/22/2033						Interest only
Series K						7.41		%				25,000						6/17/2034						Interest only
Series H						3.73		%				75,000						3/17/2035						Interest only
Total / weighted average debt						4.54		%				2,336,550
Deferred financing costs, net												(12,070)
Debt discount												(5,207)
Total												$	2,319,273

Notes:

(1) Without the effect of the treasury locks executed in connection with the refinancing of the mortgage, the stated rate is 5.59%.

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			First Quarter 2026
			Debt Maturities and Ground Lease Commitments
			(unaudited and dollars in thousands)

Year						Maturities (1)						Amortization						Total						Percentage of Total Debt						Weighted Average Interest Rate of Maturing Debt
2026						$	—					$	2,997					$	2,997					0.1		%				—		%
2027						155,000						4,276						159,276						6.8		%				4.13		%
2028						146,091						3,555						149,646						6.4		%				4.06		%
2029						340,000						3,890						343,890						14.7		%				6.01		%
2030						508,600						4,511						513,111						22.0		%				3.71		%
2031						465,000						3,283						468,283						20.0		%				5.06		%
2032						100,000						3,591						103,591						4.4		%				3.61		%
2033						439,007						3,249						442,256						19.0		%				4.23		%
2034						25,000						—						25,000						1.1		%				7.41		%
2035						75,000						—						75,000						3.2		%				3.73		%
2036						53,500						—						53,500						2.3		%				5.33		%
Total debt						$	2,307,198					$	29,352					2,336,550						100.0		%				4.54		%
Deferred financing costs, net																		(12,070)
Debt discount																		(5,207)
Total																		$	2,319,273

Ground Lease Commitments (2)
Year												1350 Broadway (3)						1400 Broadway (4)						111 West 33rd Street (5)						Total
2026												$	70					$	506					$	551					$	1,127
2027												72						675						735						1,482
2028												72						675						735						1,482
2029												72						675						735						1,482
2030												72						675						735						1,482
Thereafter												1,410						22,275						34,116						57,801
												$	1,768					$	25,481					$	37,607					$	64,856

Notes:

(1) Assumes extension options are exercised for the term loans and revolving credit facility.

(2) There are no fair value market resets, no step-ups, and no escalations in the three ground lease commitments.

(3) Expires July 31, 2050 with a remaining term, including unilateral extension rights available to the Company, of approximately 24 years.

(4) Expires December 31, 2063 with a remaining term, including unilateral extension rights available to the Company, of approximately 38 years.

(5) Expires June 10, 2077 with a remaining term, including unilateral extension rights available to the Company, of approximately 51 years.

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