Is Empire State Realty Trust Stock a Buy?
Empire State Realty Trust's (NYSE: ESRT) name says a lot about this real estate investment trust's (REIT's) purpose. But there are some very important things you need to understand about the business before you consider adding it to your investment portfolio.
In fact, once you dig in a little, you might find that you actually don't want to include this iconic landlord in the mix. Here's what you need to know.
Empire State Realty Trust chose to suspend its third- and fourth-quarter 2020 common dividends in late August. That's not something any REIT wants to do, given that the entire corporate structure is designed to pass dividend income on to shareholders. It's basically an admission that operating conditions are pretty bad.
Source Fool.com
