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    Regan Sweeney

    U.S. Real Estate Associate in Equity Research at BMO Capital Markets

    Regan Sweeney is a U.S. Real Estate Associate in Equity Research at BMO Capital Markets, specializing in real estate sector analysis. He covers publicly traded companies such as Empire State Realty Trust, Inc. and Cousins Properties Inc., contributing research insights and supporting senior analysts in the sector. Regan Sweeney began his investment banking and equity research career in the 2020s and joined BMO Capital Markets as an associate, where he holds FINRA registrations in line with his role. He is a registered broker with BMO Capital Markets Corp., maintaining active securities licenses as verified by FINRA.

    Regan Sweeney's questions to Empire State Realty Trust (ESRT) leadership

    Regan Sweeney's questions to Empire State Realty Trust (ESRT) leadership • Q1 2025

    Question

    On behalf of John Kim, Regan Sweeney asked for an update on leasing progress at the Williamsburg retail property and inquired about how management ranks capital allocation opportunities between acquisitions and share buybacks.

    Answer

    EVP of Real Estate, Thomas Durels, reported strong leasing activity in Williamsburg from recognizable brand names and noted the overall retail portfolio is 94% leased. On capital allocation, EVP and COO Christina Chiu explained that buybacks will be measured, prioritizing operating runway and the flexibility to pursue investment opportunities. Chairman and CEO Anthony Malkin added that they are 'omnivorous' and 'opportunivorous,' evaluating multi-family, retail, and office deals based on basis, structure, and potential returns.

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