Upcoming Ex-Dividend Dates for Empire State Realty Trust, Stellar Bancorp, and Urban Edge Properties
Upcoming Ex-Dividend Dates: On 9/15/25, Empire State Realty Trust Inc (ESRT), Stellar Bancorp Inc (STEL), and Urban Edge Properties (UE) will trade ex-dividend, with respective dividends of $0.035, $0.14, and $0.19 payable on 9/30/25.
Expected Stock Price Adjustments: Following the ex-dividend date, ESRT is expected to open 0.46% lower, STEL 0.45% lower, and UE 0.90% lower based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the companies are 1.82% for ESRT, 1.79% for STEL, and 3.62% for UE, reflecting their historical dividend stability.
Current Trading Performance: As of Thursday trading, ESRT shares are up about 0.9%, while STEL and UE shares are down approximately 0.1% and 0.3%, respectively.
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- Market Sentiment: The tech trade is showing signs of fatigue, leading investors to seek alternatives.
- Real Estate Appeal: Real estate stocks are attractive due to their low valuations and high dividend yields, making them a potential investment choice.
- New Tax Initiatives: The new mayor of New York City is focused on increasing taxes for the wealthiest residents.
- Impact on Real Estate: This tax strategy is causing pressure on stocks of real estate investment trusts, particularly those operating in the New York market.
- Dividend Distribution Overview: Empire State Realty Trust has set a total cash distribution of $0.140 per share for 2025, which includes $0.117 in ordinary dividends, reflecting the company's stable cash flow and shareholder return strategy.
- Tax Treatment Details: The tax treatment for each distribution in 2025 has been clarified, allowing shareholders to report according to the relevant boxes on Form 1099-DIV, ensuring compliance and optimizing personal tax strategies.
- Portfolio Scale: As of September 30, 2025, Empire State Realty Trust's portfolio comprises approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units, demonstrating its strong presence in the New York City real estate market.
- Energy Efficiency Leadership: The company is recognized as a leader in energy efficiency and indoor environmental quality, further enhancing its competitive advantage in sustainable development and modern office environments.
- Cash Distribution Overview: Empire State Realty Trust announced a total cash distribution of $0.140 per share for 2025, which includes $0.117 in ordinary dividends, reflecting the company's stable cash flow and shareholder return strategy.
- Tax Treatment Details: The tax treatment of the 2025 cash distributions includes $0.029 in qualified dividends and $0.023 in Section 199A dividends, prompting shareholders to consult personal tax advisors to understand specific tax implications and ensure compliance.
- Portfolio Scale: As of September 30, 2025, Empire State Realty Trust's portfolio comprises approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units, showcasing its significant presence in the New York City real estate market.
- Landmark Status: The Empire State Building has been ranked as the top attraction in New York City for four consecutive years, further solidifying the company's brand value and appeal, which could drive future leasing and investment opportunities.
- Valentine's Day Activities: The Empire State Building announces special Valentine's Day events, including an extravagant date night, Paint 'n Pour classes, and movie screenings, aimed at attracting couples to create unforgettable memories on this special day.
- Observation Deck Revamp: The Empire State Building's Observatory underwent a $165 million reimagination, adding an interactive museum with nine galleries, enhancing visitor experience and solidifying its status as NYC's top attraction.
- Visitor Appeal: The Observatory has been voted the #1 top attraction in NYC for four consecutive years in the Tripadvisor 2025 Travelers' Choice Awards, highlighting its significance and allure among tourists.
- Sustainability Commitment: Since 2011, the Empire State Building has been fully powered by renewable wind electricity, showcasing its efforts in environmental sustainability while attracting notable tenants like LinkedIn and Shutterstock.

- Growth Score Decline: Empire State Realty Trust's Growth score has plummeted from 44.61 to 30.1 within a week, indicating significant challenges in adapting to post-COVID retail and office space dynamics, which may undermine investor confidence.
- Stock Price Downtrend: The company's stock has fallen 35.99% year-to-date and 7% over the past month, reflecting market concerns about its future profitability, which could further impact its financing capabilities and market position.
- Analysts Lower Price Targets: Major analysts, including Wells Fargo, have trimmed their price targets for the stock due to the adverse effects of remote work and weak tourism, resulting in poor performance in Benzinga's Edge Stock Rankings, particularly in momentum and growth metrics.
- Consistent Earnings Misses: Empire State Realty Trust has reported a series of misses on top-line estimates in recent quarters, alongside a steady decline in earnings, highlighting its vulnerability in the current economic environment and the need for a strategic reassessment to tackle future challenges.








