Empire State gains after IPO

|About: Empire State Realty Trus... (ESRT)|By:, SA News Editor

Empire State Realty Trust (ESRT) is up 2.6% in early trading following its IPO at $13 per share (the low end of the expected $13-$15 range).

The REIT is internally managed and currently owns 12 office properties in the NY metro area. Seven are located in midtown Manhattan, including the Empire State Building.