Thomas Keltner - Empire State EVP

ESBA Stock  USD 9.75  0.19  1.91%   

EVP

Mr. Thomas N. Keltner, Jr., serves as Executive Vice President, General Counsel and Secretary of the General Partner of Empire State Realty Trust, Inc., the General Partner of Empire State Realty OP, L.P. Mr. Keltner joined our predecessor in 1978 and became its general counsel in 1997, and is responsible for leading a legal staff that provides and coordinates legal services in our transaction, compliance, and litigation matters. Mr. Keltner has served as a chair andor member of bar association committees on both real estate and business entities, and he is a member of the Real Estate Board of New York and the New York Advisory Board of the Stewart Title Insurance Company. From 1974 to 1975, he served as law clerk to Judge Alfred P. Murrah, U.S. Court of Appeals
Age 78
Address 111 West 33rd Street, New York, NY, United States, 10120
Phone212 687 8700
Webhttps://www.empirestaterealtytrust.com
Keltner received a bachelor’s degree cum laude from Harvard College and a law degree as a Stone Scholar from Columbia Law School.

Empire State Management Efficiency

The company has return on total asset (ROA) of 0.0219 % which means that it generated a profit of $0.0219 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0495 %, meaning that it created $0.0495 on every $100 dollars invested by stockholders. Empire State's management efficiency ratios could be used to measure how well Empire State manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.06. The current year's Return On Assets is expected to grow to 0.03. At present, Empire State's Fixed Asset Turnover is projected to increase significantly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.03, whereas Total Assets are forecasted to decline to about 3.4 B.
The company currently holds 2.27 B in liabilities with Debt to Equity (D/E) ratio of 1.39, which is about average as compared to similar companies. Empire State Realty has a current ratio of 5.46, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Empire State until it has trouble settling it off, either with new capital or with free cash flow. So, Empire State's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Empire State Realty sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Empire to invest in growth at high rates of return. When we think about Empire State's use of debt, we should always consider it together with cash and equity.

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Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc. Empire State operates under REITOffice classification in the United States and is traded on AMEX Exchange. It employs 693 people. Empire State Realty (ESBA) is traded on NYSE ARCA Exchange in USA. It is located in 111 West 33rd Street, New York, NY, United States, 10120 and employs 666 people. Empire State is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Empire State Realty Leadership Team

Elected by the shareholders, the Empire State's board of directors comprises two types of representatives: Empire State inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Empire. The board's role is to monitor Empire State's management team and ensure that shareholders' interests are well served. Empire State's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Empire State's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kevin Vilke, Inc Trust
Thomas Durels, Executive VP of Empire State Realty Trust, Inc and Director of Leasing and Operations
Aaron Ratner, Inc Trust
Thomas Keltner, Executive VP of Empire State ealty Trust, Inc, General Counsel of Empire State Realty Trust, Inc and Secretary of Empire State Realty Trust, Inc
Peter Malkin, Chairman Emeritus of the General Partner
Jeffrey Newman, Senior Inc
James Robinson, Independent Director of the General Partner
John Hogg, Inc Trust
Ryan Kass, Senior Inc
Anthony Malkin, Chairman of Empire State Realty Trust, Inc, CEO of Empire State Realty Trust, Inc and President of Empire State Realty Trust, Inc
Abigail Rickards, Public Marketing
William Berkman, Independent Director of the General Partner
Steven Gilbert, Independent Director of the General Partner
Sandy Jacolow, Senior Inc
Christopher Blackman, I Trust
Alice Connell, Independent Director of the General Partner
Katy Malonoski, VP Relations
Fred Posniak, Inc Trust
Michael Giliberto, Independent Director of the General Partner
Christina Chiu, President Inc
Stephen Horn, Senior Inc
David Karp, CFO of Empire State Realty Trust, Inc.- General Partner, Executive VP of Empire State Realty Trust, Inc.- General Partner and Treasurer of Empire State Realty Trust, Inc.- General Partner
John Kessler, President and COO of the General Partner
Thomas DeRosa, Independent Director of the General Partner
Heather Houston, Chief VP

Empire Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Empire State a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Empire State

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Empire State position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Empire State will appreciate offsetting losses from the drop in the long position's value.

Moving against Empire Stock

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The ability to find closely correlated positions to Empire State could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire State when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Empire State - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Empire State Realty to buy it.
The correlation of Empire State is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Empire State moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire State Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Empire State can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Empire State Realty is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Empire Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Empire State Realty Stock. Highlighted below are key reports to facilitate an investment decision about Empire State Realty Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire State Realty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Empire State Realty information on this page should be used as a complementary analysis to other Empire State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Empire Stock analysis

When running Empire State's price analysis, check to measure Empire State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empire State is operating at the current time. Most of Empire State's value examination focuses on studying past and present price action to predict the probability of Empire State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire State's price. Additionally, you may evaluate how the addition of Empire State to your portfolios can decrease your overall portfolio volatility.
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Is Empire State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Empire State. If investors know Empire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Empire State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.36)
Dividend Share
0.14
Earnings Share
0.3
Revenue Per Share
2.81
Quarterly Revenue Growth
0.064
The market value of Empire State Realty is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire State's value that differs from its market value or its book value, called intrinsic value, which is Empire State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Empire State's market value can be influenced by many factors that don't directly affect Empire State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Empire State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.