Empire State Realty Trust Inc. received new board authorization for the buyback of up to $500 million of the real estate investment trust's class A common stock through Dec. 31, 2020.

The REIT, which owns and operates office and retail assets in the greater New York metropolitan area and Manhattan, said the renewed program also applies to the series ES, 250 and 60 operating partnership units of Empire State Realty OP LP.