Shares of New York City real estate investment trusts are trading higher after reports suggesting that the NYC Mayor's Office will cancel a planned property tax increase in its 2027 budget.

Empire State Realty
American Strategic

Empire State Realty

ESRT

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American Strategic

NYC

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Shares of New York City real estate investment trusts are trading higher after reports suggesting that the NYC Mayor's Office will cancel a planned property tax increase in its 2027 budget.