Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 2.06B |
| Revenue (ttm) | 766.18M |
| Net Income (ttm) | 34.89M |
| Shares Out | 278.87M |
| EPS (ttm) | 0.20 |
| PE Ratio | 36.18 |
| Forward PE | 117.60 |
| Dividend | $0.14 (1.91%) |
| Ex-Dividend Date | Sep 15, 2025 |
| Volume | 395,027 |
| Open | 7.31 |
| Previous Close | 7.29 |
| Day's Range | 7.31 - 7.42 |
| 52-Week Range | 6.56 - 11.43 |
| Beta | 1.34 |
| Analysts | Hold |
| Price Target | 10.65 (+44.51%) |
| Earnings Date | Oct 29, 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, ranked the 1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environ... [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 Summary
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 44.51% from the latest price.
News
Empire State Realty Trust Might Be Overly Discounted
Empire State Realty Trust is trading at an 8.8x multiple against the midpoint of its core FFO guidance for fiscal 2025. This is 24% lower than recently acquired peer PGRE. The Manhattan office-focused...
The Empire State Building Ushers in Autumn with an Iconic NYC Pop-Up, Festive Photo Corner, Special Tower Lighting, Exclusive Ticket Offer, and Visit from Halloween Queen Heidi Klum
NEW YORK--(BUSINESS WIRE)--Trick-or-Treat! The Empire State Building (ESB) today announced details for its fall and Halloween festivities with an iconic pop-up, special tower lighting, fall photo corn...
Empire State Realty Trust, Inc. (ESRT) Q3 2025 Earnings Call Transcript
Empire State Realty Trust, Inc. ( ESRT) Q3 2025 Earnings Call October 30, 2025 12:00 PM EDT Company Participants Heather Lawson - Senior VP, Chief Counsel, Corporate & Secretary Anthony Malkin - Chai...
Empire State Realty Trust Announces Third 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 Welcomes Rolex to Its North Sixth Street Collection in Williamsburg
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with Tourneau, LLC for a 3,709 square foot Rolex retail store at 86 North Sixth Stree...
Empire State Realty Trust Achieves New ENERGY STAR NextGen Certification for New York City Properties, With ESRT Buildings Recognized as More Energy Efficient Than 90 Percent of Similar Properties Nationwide
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it is one of the first companies to achieve the U.S. Environmental Protection Agency's ENERGY STAR NextGen ...
Empire State Realty Trust Signs SORA for 14,430 Square Foot, High-End Restaurant Concept at One Grand Central Place
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with SORA, a groundbreaking Japanese omakase-style restaurant concept, for a 14,430 s...
The Empire State Building Hosts Annual Run-Up, Presented by NYU Langone Health and Powered by the Challenged Athletes Foundation
NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) hosted the 47th Annual Empire State Building Run-Up, presented by NYU Langone Health and powered by the Challenged Athletes Foundation (CAF)....
Empire State Realty Trust Achieves Highest GRESB Management Score for All Companies in the Americas, and Top 5-Star Rating
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the ...
Empire State Realty Trust Announces Dates for Third Quarter 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2025 financial results on Wednesday, October 29, 2025, a...
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...
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.
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...
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...
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...
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...
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...
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...
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....
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 ...