Empire State Realty Trust Inc (ESRT)

Currency in USD
7.40
-0.14(-1.79%)
Closed·
7.400.00(0.00%)
·
ESRT Scorecard
Full Analysis
Trading at a high earnings multiple
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Fair Value
Day's Range
7.307.45
52 wk Range
6.5611.62
Key Statistics
Prev. Close
7.53
Open
7.43
Day's Range
7.3-7.45
52 wk Range
6.56-11.62
Volume
900.16K
Average Volume (3m)
1.87M
1-Year Change
-27.11%
Book Value / Share
6.16
Fair Value
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Fair Value Upside
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ESRT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
8.97
Upside
+21.17%
Members' Sentiments
Bearish
Bullish
ProTips
Stock price movements are quite volatile
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Sell
Moving Averages
Buy

Empire State Realty Trust Inc Company Profile

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused 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 that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2025, ESRT’s portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units.

Empire State Realty Trust Inc SWOT Analysis


NYC-Centric Strategy
Explore ESRT's bold portfolio shift, focusing on prime New York City assets while divesting suburban properties to strengthen its market position
Observatory Outlook
Delve into the Empire State Building Observatory's performance and its potential as a unique revenue driver tied to international tourism recovery
Financial Projections
Analysts revise FFOps estimates to $0.92 for FY24, with a P/FFO ratio of 10.3x, reflecting short-term adjustments and long-term growth expectations
Market Resilience
Learn about ESRT's impressive 2.11x Leased versus Expiring ratio, showcasing strong leasing momentum in a challenging office market environment
Read full SWOT analysis

Empire State Realty Trust Inc Earnings Call Summary for Q2/2025

  • Revenue beat forecast at $191.25M, exceeding expectations by $2.73M; stock fell 7.12% to $7.94 due to increased operating expenses
  • Manhattan office portfolio occupancy up 140 bps to 89.5%; multifamily at 99% with 8% YoY rent growth
  • Full-year 2025 Core FFO guidance maintained at $0.83-$0.86 per share; leasing pipeline strong with 160,000 sq ft under negotiation
  • CEO Anthony Malkin: 'ESRT is purpose built for strength and agility across all cycles'; emphasizes advantageous market position
  • Risks include rising operating expenses, potential political changes in NYC, and economic uncertainties affecting leasing demand
Last Updated: 24/07/2025, 19:20
Read Full Transcript

Compare ESRT to Peers and Sector

Metrics to compare
ESRT
Peers
Sector
Relationship
P/E Ratio
31.6x−3.9x8.9x
PEG Ratio
−3.540.120.01
Price/Book
2.0x1.2x0.9x
Price / LTM Sales
2.7x3.0x3.9x
Upside (Analyst Target)
18.2%−1.2%12.3%
Fair Value Upside
Unlock13.4%−0.2%Unlock

Analyst Ratings

3 Buy
3 Hold
1 Sell
Ratings:
7 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 8.97
(+21.17% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.24%
Dividend Yield
1.89%
Industry Median 4.91%
Annualised payout
0.14
Paid quarterly
5-Years Growth
-19.73%
Growth Streak

Earnings

Latest Release
Jul 23, 2025
EPS / Forecast
0.04 / --
Revenue / Forecast
191.25M / 188.52M
EPS Revisions
Last 90 days

ESRT Income Statement

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FAQ

What Stock Exchange Does Empire State Realty Trade On?

Empire State Realty is listed and trades on the New York Stock Exchange stock exchange.

What Is the Stock Symbol for Empire State Realty?

The stock symbol for Empire State Realty is "ESRT."

What Is the Empire State Realty Market Cap?

As of today, Empire State Realty market cap is 2.07B.

What Is Empire State Realty's Earnings Per Share (TTM)?

The Empire State Realty EPS (TTM) is 0.24.

When Is the Next Empire State Realty Earnings Date?

Empire State Realty will release its next earnings report on 21 Oct 2025.

From a Technical Analysis Perspective, Is ESRT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

How Many Times Has Empire State Realty Stock Split?

Empire State Realty has split 0 times.

How Many Employees Does Empire State Realty Have?

Empire State Realty has 667 employees.

What is the current trading status of Empire State Realty (ESRT)?

As of 14 Aug 2025, Empire State Realty (ESRT) is trading at a price of 7.40, with a previous close of 7.53. The stock has fluctuated within a day range of 7.30 to 7.45, while its 52-week range spans from 6.56 to 11.62.

What Is Empire State Realty (ESRT) Price Target According to Analysts?

The average 12-month price target for Empire State Realty is USD8.96667, with a high estimate of USD10 and a low estimate of USD8. 3 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Neutral. The stock has an +21.17% Upside potential.
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