SCHEDULE: Ameriprise Financial Discloses 7.1% Stake in Empire State Realty Trust

Ameriprise Financial, Inc. and its subsidiaries have filed an amended Schedule 13G, reporting a beneficial ownership of 7.1% in Empire State Realty Trust, Inc. as of September 30, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) and its subsidiaries, including TAM UK International Holdings Limited, Threadneedle Holdings Limited, TAM UK Holdings Limited, Threadneedle Asset Management Holdings Limited, TC Financing Ltd, Threadneedle Asset Management Limited, and Threadneedle Investment Services Limited, filed an amended Schedule 13G.
• AFI beneficially owns 11,934,145 shares of Empire State Realty Trust, Inc. common stock, representing 7.1% of the class.
• The Threadneedle and TAM UK entities, as subsidiaries of AFI, each report beneficial ownership of 8,658,705 shares, representing 5.1% of the class.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of Empire State Realty Trust, Inc.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) indicating a passive investment by Ameriprise Financial and its subsidiaries, with an explicit statement disclaiming intent to influence control, leading to a neutral sentiment.

Risks

• The reporting persons explicitly certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating potential risks associated with activist investor intervention.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
• To the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. (Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services, Ameriprise Financial, Inc.)

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific analysis of broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a substantial passive stake by Ameriprise Financial and its subsidiaries.

Key Dates

Keywords

Empire State Realty Trust, Ameriprise Financial, Schedule 13G, Beneficial Ownership, Common Stock, REIT, Institutional Ownership, Threadneedle, Investment Management