ESRT Faces Delisting Notice, Listing Transfer Possible
Ticker: OGCP · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1553079
| Field | Detail |
|---|---|
| Company | Empire State Realty Op, L.P. (OGCP) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: delisting, listing-rule, real-estate
Related Tickers: ESRT
TL;DR
ESRT got a delisting warning, might move exchanges.
AI Summary
Empire State Realty Trust, Inc. (ESRT) and its operating partnership, Empire State Realty OP, L.P., filed an 8-K on August 19, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The filing indicates a potential transfer of listing, though specific details regarding the rule violation or transfer are not elaborated in this summary.
Why It Matters
This filing signals potential instability in ESRT's stock listing status, which could impact investor confidence and trading liquidity.
Risk Assessment
Risk Level: medium — A delisting notice indicates potential non-compliance with exchange rules, which can negatively affect stock price and liquidity.
Key Players & Entities
- Empire State Realty OP, L.P. (company) — Filer
- Empire State Realty Trust, Inc. (company) — Filer
- 111 WEST 33RD STREET, 12TH FL (location) — Business Address
- NEW YORK (location) — Business Address City
- 10120 (zip_code) — Business Address Zip
FAQ
What specific listing rule has Empire State Realty Trust, Inc. failed to satisfy?
The filing does not specify the exact listing rule that Empire State Realty Trust, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
What is the date of the reported delisting notice?
The 8-K filing was made on August 19, 2024, and the reported period of the report is August 15, 2024.
What is the Central Index Key (CIK) for Empire State Realty Trust, Inc.?
The Central Index Key for Empire State Realty Trust, Inc. is 0001541401.
What is the Central Index Key (CIK) for Empire State Realty OP, L.P.?
The Central Index Key for Empire State Realty OP, L.P. is 0001553079.
What is the SEC File Number for Empire State Realty Trust, Inc.?
The SEC File Number for Empire State Realty Trust, Inc. is 001-36105.
Filing Stats: 1,073 words · 4 min read · ~4 pages · Grade level 10.7 · Accepted 2024-08-19 08:32:19
Key Financial Figures
- $0.01 — , Inc. Class A Common Stock, par value $0.01 per share ESRT The New York Stock Excha
Filing Documents
- esrt-20240815.htm (8-K) — 46KB
- esrtpressrelease81924.htm (EX-99.1) — 15KB
- image_0.jpg (GRAPHIC) — 2KB
- image_1.jpg (GRAPHIC) — 2KB
- image_2.jpg (GRAPHIC) — 25KB
- image_3.jpg (GRAPHIC) — 1KB
- image_4.jpg (GRAPHIC) — 1KB
- image_5.jpg (GRAPHIC) — 88KB
- 0001541401-24-000025.txt ( ) — 423KB
- esrt-20240815.xsd (EX-101.SCH) — 3KB
- esrt-20240815_def.xml (EX-101.DEF) — 18KB
- esrt-20240815_lab.xml (EX-101.LAB) — 33KB
- esrt-20240815_pre.xml (EX-101.PRE) — 19KB
- esrt-20240815_htm.xml (XML) — 7KB
01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed in the Notification of Late Filing on Form 12b-25 filed by Empire State Realty Trust, Inc. ("ESRT") and Empire State Realty OP, L.P. ("ESROP" and together with ESRT, the "Registrants") with the Securities and Exchange Commission ("SEC") on August 12, 2024, each Registrant has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the "Form 10-Q") by the prescribed due date because subsequent to the filing of the Registrants' Form 10-Ks for the period ended December 31, 2023, the filing of the Registrants' Form 10-Qs for the quarterly period ended March 31, 2024 and the Registrants' Q2 2024 earnings release and call, Ernst & Young LLP ("EY"), the Registrants' independent registered public accounting firm, informed the Registrants that following EY's internal post-audit quality review of its audit of the Registrants' consolidated financial statements for the year ended December 31, 2023, EY had identified control deficiencies in the design of certain information technology general controls for the Registrants' information systems and applications which were relevant to the preparation of consolidated financial statements as of December 31, 2023. On August 15, 2024, ESRT received a notice (the "NYSE Notice") from the New York Stock Exchange ("NYSE") indicating that, as a result of not having timely filed the Form 10-Q with the SEC , ESRT is not in compliance with Section 802.01E of the NYSE Listed Company Manual (the "NYSE Listing Standard"), which requires timely filing of all required periodic financial reports with the SEC. On August 16, 2024, ESROP received a notice (the "NYSE Arca Notice" and together with the NYSE Notice, the "Notices") from the NYSE Arca, Inc. ("NYSE Arca" and together with "NYSE," the "Exchanges") indicating that, as a result of not having timely f
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated August 19, 2024 104 The cover page from this Report on Form 8-K, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMPIRE STATE REALTY TRUST, INC. (Registrant) Date: August 19, 2024 By: /s/ Stephen V. Horn Name: Stephen V. Horn Title: Executive Vice President, Chief Financial Officer & Chief Accounting Officer EMPIRE STATE REALTY OP, L.P. (Registrant) By: Empire State Realty Trust, Inc., as general partner Date: August 19, 2024 By: /s/ Stephen V. Horn Name: Stephen V. Horn Title: Executive Vice President, Chief Financial Officer & Chief Accounting Officer