Empire State Realty Trust, Inc. (ESRT)

NYSE: ESRT · Real-Time Price · USD
7.53
+0.16 (2.17%)
Aug 13, 2025, 4:00 PM - Market closed
2.17%
Market Cap 2.10B
Revenue (ttm) 763.75M
Net Income (ttm) 40.45M
Shares Out 278.92M
EPS (ttm) 0.24
PE Ratio 31.48
Forward PE 88.59
Dividend $0.14 (1.86%)
Ex-Dividend Date Sep 15, 2025
Volume 1,399,519
Open 7.42
Previous Close 7.37
Day's Range 7.39 - 7.58
52-Week Range 6.56 - 11.62
Beta 1.71
Analysts Hold
Price Target 10.65 (+41.43%)
Earnings Date Jul 23, 2025

About ESRT

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... [Read more]

Sector Real Estate
IPO Date Oct 2, 2013
Employees 667
Stock Exchange NYSE
Ticker Symbol ESRT
Full Company Profile

Financial Performance

In 2024, Empire State Realty Trust's revenue was $763.15 million, an increase of 3.19% compared to the previous year's $739.57 million. Earnings were $47.44 million, a decrease of -3.27%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for ESRT stock is "Hold." The 12-month stock price target is $10.65, which is an increase of 41.43% from the latest price.

Price Target
$10.65
(41.43% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Empire State Realty Trust Announces Dividend for Third Quarter 2025

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter o...

7 days ago - Business Wire

Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript

Empire State Realty Trust, Inc. (NYSE:ESRT) Q2 2025 Earnings Conference Call July 24, 2025 12:00 PM ET Company Participants Anthony E. Malkin - Chairman & CEO Christina Chiu - President Heather M.

20 days ago - Seeking Alpha

Empire State Realty Trust CEO: International demand was lower than expected

Anthony Malkin, Empire State Realty Trust CEO, joins 'The Exchange' to discuss the state of REITs, the shares falling on lower international demand and New York City Democratic Mayoral candidate Mamda...

20 days ago - CNBC Television

Empire State Realty Trust Announces Second Quarter 2025 Results

NEW YORK--(BUSINESS WIRE)--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 o...

21 days ago - Business Wire

Elsberg Baker & Maruri PLLC Signs New 40k Square Foot Lease at the Empire State Building

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 39,237 square foot lease with law firm Elsberg Baker & Maruri PLLC at the Empire State Building...

23 days ago - Business Wire

Empire State Realty Trust Announces George L. W. Malkin Has Joined Its Board of Directors

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that George L. W. Malkin has joined its Board of Directors, effective July 13, 2025. Mr. Malkin...

4 weeks ago - Business Wire

The 2025 Empire State Building Run-Up Returns Oct. 8

NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) announced today general lottery registration for the annual Empire State Building Run-Up (ESBRU) on Oct. 8, 2025, at 8 p.m. ESB also announce...

4 weeks ago - Business Wire

Mott MacDonald Signs New 25,372 Square Foot, Full-Floor Lease at the Empire State Building

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it signed a new lease with Mott MacDonald NY Inc. – an engineering, development, and management consultancy...

5 weeks ago - Business Wire

Empire State Realty Trust Announces Release of Schedule K-3

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online....

6 weeks ago - Business Wire

New York Office REIT Sell-Off Overdone After NYC Mayoral Primary, Analyst Says

Piper Sandler says it's too soon to call the November election for mayor of New York City.

Other symbols: SLGVNO
6 weeks ago - Barrons

New York banks, REITs fall as Mamdani's mayoral lead stokes rent freeze worries

Shares of several New York-based banks and real estate investment trusts fell on Wednesday as Zohran Mamdani's lead in New York City's Democratic mayoral primary stoked concerns that his proposed rent...

7 weeks ago - Reuters

Empire State Realty Trust Announces Dates for Second Quarter 2025 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--EMPIRE STATE REALTY TRUST ANNOUNCES DATES FOR SECOND QUARTER 2025 EARNINGS RELEASE AND CONFERENCE CALL.

2 months ago - Business Wire

Empire State Realty Trust: I'm Not A Buyer At Today's Prices

Empire State Realty Trust is heavily exposed to older New York City office buildings, which I do not see as well-suited for current macroeconomic conditions. The REIT's tourism and retail-related reve...

2 months ago - Seeking Alpha

Empire State Realty Trust To Present At The Nareit REITweek 2025 Investor Conference

NEW YORK--(BUSINESS WIRE)--ESRT June 2025 Nareit REITweek Conference Participation.

2 months ago - Business Wire

Empire State Realty Trust Announces Dividend for Second Quarter 2025

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter ...

3 months ago - Business Wire

Empire State Realty Trust, Inc. (ESRT) Q1 2025 Earnings Call Transcript

Empire State Realty Trust, Inc. (NYSE:ESRT) Q1 2025 Earnings Conference Call April 30, 2025 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate and Secr...

3 months ago - Seeking Alpha

Empire State Realty Trust Announces First Quarter 2025 Results

NEW YORK--(BUSINESS WIRE)--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 o...

3 months ago - Business Wire

Empire State Realty Trust Publishes 2024 Sustainability Report with Major Achievements, Targets, and Metrics

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) published its annual Sustainability Report that features major awards and achievements, data-based goals, and transparent metric...

4 months ago - Business Wire

Carolina Herrera, Ltd. Signs Renewal and Expansion Lease with Empire State Realty Trust for 34K Square Feet at 501 Seventh Avenue

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 34K square foot expansion and renewal lease with Carolina Herrera, Ltd. – a high-end New York C...

4 months ago - Business Wire

Workday, Inc. Signs 39k Square Foot Renewal and Expansion Lease at the Empire State Building

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a renewal and 12,338 square foot expansion lease with Workday, Inc. – the AI platform for managin...

4 months ago - Business Wire

Gerson Lehrman Group, Inc. Signs 77,382 Square Foot Renewal Lease at One Grand Central Place

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 77,382 square foot renewal lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global...

4 months ago - Business Wire

Empire State Realty Trust Achieves WELL Health-Safety Leadership Award for Second Consecutive Year

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it received the 2024 IWBI WELL Health Safety Leadership award for its prioritization of building occupant h...

4 months ago - Business Wire

Empire State Realty Trust: Low Multiple, Dramatic Selloff

Empire State Realty Trust has been dipping and now trades at a 9.3x price to 2025 guided FFO multiple. ESRT's Manhattan office occupancy rate ended its fiscal 2024 fourth quarter at 89% with positive ...

5 months ago - Seeking Alpha

Empire State Realty Trust Announces Dates for First Quarter 2025 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dates for First Quarter 2025 Earnings Release and Conference Call.

5 months ago - Business Wire

Empire State Realty Trust Announces Dividend for First Quarter 2025

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dividend for First Quarter 2025.

5 months ago - Business Wire