Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 2.22B |
| Revenue (ttm) | 762.04M |
| Net Income (ttm) | 51.00M |
| Shares Out | 274.79M |
| EPS (ttm) | 0.30 |
| PE Ratio | 28.27 |
| Forward PE | 97.94 |
| Dividend | $0.14 (1.62%) |
| Ex-Dividend Date | Jun 13, 2025 |
| Volume | 5,382,049 |
| Open | 8.02 |
| Previous Close | 7.99 |
| Day's Range | 7.99 - 8.30 |
| 52-Week Range | 6.56 - 11.62 |
| Beta | 1.68 |
| Analysts | Hold |
| Price Target | 10.65 (+31.64%) |
| 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]
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 StatementsAnalyst Forecast
According to 2 analysts, the average rating for ESRT stock is "Hold." The 12-month stock price forecast is $10.65, which is an increase of 31.64% from the latest price.
News
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.
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...
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.
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...
Empire State Realty Trust To Present At The Nareit REITweek 2025 Investor Conference
NEW YORK--(BUSINESS WIRE)--ESRT June 2025 Nareit REITweek Conference Participation.
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 ...
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...
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...
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...
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...
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...
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...
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...
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 ...
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.
Empire State Realty Trust Announces Dividend for First Quarter 2025
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dividend for First Quarter 2025.
Empire State Realty Trust to Present at Citi's 30th Annual Global Property CEO Conference
NEW YORK--(BUSINESS WIRE)--EMPIRE STATE REALTY TRUST TO PRESENT AT CITI'S 30TH ANNUAL GLOBAL PROPERTY CEO CONFERENCE.
Empire State Realty Trust, Inc. (ESRT) Q4 2024 Earnings Call Transcript
Empire State Realty Trust, Inc. (NYSE:ESRT) Q4 2024 Earnings Conference Call February 20, 2025 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate & Sec...
Leasing momentum in Manhattan is super strong, says Empire State Realty Trust CEO
Anthony Makin, Empire State Realty Trust chairman and CEO, joins 'The Exchange' to discuss the impact of congestion pricing in Manhattan, the return to office story, and insights behind the company's ...
Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results.
Empire State Realty Trust Announces 2024 Tax Treatment of Its Distributions
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces 2024 Tax Treatment of Its Distributions.
Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns
ESRT gets a buy rating, more bullish than the consensus, as macro and micro-level growth factors drive future upside potential. A strong profit margin vs peers, and stable positive cash flow per share...
Empire State Realty Trust Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--EMPIRE STATE REALTY TRUST ANNOUNCES DATES FOR FOURTH QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL.
