Empire State Realty Trust (ESRT) Stock Overview
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused real estate investment trust ("REIT") that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
ESRT Community Fair Values
Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.
Empire State Realty Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.40 |
| 52 Week High | US$11.62 |
| 52 Week Low | US$6.56 |
| Beta | 1.8 |
| 1 Month Change | -5.01% |
| 3 Month Change | -2.89% |
| 1 Year Change | -34.57% |
| 3 Year Change | 11.11% |
| 5 Year Change | 20.92% |
| Change since IPO | -43.51% |
Recent News & Updates
Recent updates
Empire State Realty Trust: I'm Not A Buyer At Today's Prices
Jun 15Earnings Beat: Empire State Realty Trust, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 22
Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns
Jan 20Empire State Realty Trust Is A Way To Go Long New York City
Dec 15Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point
Sep 10
Williamsburg Expansion And ESG Focus Risk Undermining ESRT's Financial Stability
Expansion into Williamsburg and an optimistic office leasing strategy amidst evolving work dynamics might increase operational risks and strain occupancy rates.Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why
May 03Empire State Realty Trust: A Bet On The Mean Reversion
Mar 05Empire State Realty: Occupancy Gains, 2024 Fed Pivot, And Possible Dividend Hike
Dec 15Empire State Realty: Fairly Valued Following YTD Outperformance
Sep 25Office REIT Empire State Realty Trust Is A Way To Sell Short New York City
Jun 29Empire State Realty: Outlook Positive Despite Haze Over The Observatory
Jun 08Analysts Just Made A Sizeable Upgrade To Their Empire State Realty Trust, Inc. (NYSE:ESRT) Forecasts
Apr 30Empire State Realty Trust FFO of $0.22 beats by $0.04, revenue of $181.27M beats by $43.5M
Feb 15Empire State Realty: Better To Observe From The Sidelines
Jan 11Empire State Realty Trust declares $0.035 dividend
Dec 09Empire State Realty Trust FFO of $0.21 beats by $0.02, revenue of $183.71M beats by $34.65M
Oct 26Empire State Realty Trust: Mispriced In Relation To Visitation Trends
Sep 26Empire State Realty Trust declares $0.035 dividend
Aug 16Rainbows and Unicorns: Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Became A Lot More Optimistic
Aug 03Shareholder Returns
| ESRT | US Office REITs | US Market | |
|---|---|---|---|
| 7D | -1.3% | -2.1% | -1.2% |
| 1Y | -34.6% | -15.7% | 15.1% |
Return vs Industry: ESRT underperformed the US Office REITs industry which returned -15.7% over the past year.
Return vs Market: ESRT underperformed the US Market which returned 15.5% over the past year.
Price Volatility
| ESRT volatility | |
|---|---|
| ESRT Average Weekly Movement | 4.3% |
| Office REITs Industry Average Movement | 4.3% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 17.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: ESRT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ESRT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 667 | Tony Malkin | www.esrtreit.com |
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused real estate investment trust ("REIT") that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality.
Empire State Realty Trust, Inc. Fundamentals Summary
| ESRT fundamental statistics | |
|---|---|
| Market cap | US$2.02b |
| Earnings (TTM) | US$40.45m |
| Revenue (TTM) | US$763.75m |
Is ESRT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ESRT income statement (TTM) | |
|---|---|
| Revenue | US$763.75m |
| Cost of Revenue | US$359.61m |
| Gross Profit | US$404.14m |
| Other Expenses | US$363.69m |
| Earnings | US$40.45m |
Last Reported Earnings
Jun 30, 2025
Next Earnings Date
Oct 29, 2025
| Earnings per share (EPS) | 0.24 |
| Gross Margin | 52.92% |
| Net Profit Margin | 5.30% |
| Debt/Equity Ratio | 115.0% |
How did ESRT perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/15 19:33 |
| End of Day Share Price | 2025/10/15 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Empire State Realty Trust, Inc. is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| Juan Sanabria | BMO Capital Markets Equity Research |
| Jing Xian Tan Bonnel | BofA Global Research |