Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 2.18B |
| Revenue (ttm) | 763.15M |
| Net Income (ttm) | 47.44M |
| Shares Out | 274.48M |
| EPS (ttm) | 0.28 |
| PE Ratio | 28.08 |
| Forward PE | 88.33 |
| Dividend | $0.14 (1.76%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 1,367,254 |
| Open | 8.22 |
| Previous Close | 7.99 |
| Day's Range | 7.94 - 8.29 |
| 52-Week Range | 7.88 - 11.62 |
| Beta | 1.41 |
| Analysts | Hold |
| Price Target | 11.50 (+44.65%) |
| Earnings Date | Apr 23, 2025 |
About ESRT
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. As of September 30, 2023, ESRT's portfolio is compri... [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 $11.5, which is an increase of 44.65% from the latest price.
News
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.
Empire State Realty Trust Is A Way To Go Long New York City
Empire State Realty Trust has surged 16% in the past year, driven by Manhattan's office market recovery and increasing return-to-office mandates. ESRT's fiscal 2024 third-quarter revenue rose 4.2% yea...
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
Empire State Realty Trust Announces Dividend for Fourth Quarter 2024
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust Announces Dividend for Fourth Quarter 2024.
The State Of REITs: November 2024 Edition
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3....
Hecker Fink LLP Expands 26,782 Square Feet with Empire State Realty Trust for a Total of 54k Square Feet at the Empire State Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced last week that it signed a full floor, 26,782 square foot expansion lease with law firm Hecker Fink LLP for a total of...
Empire State Realty Trust, Inc. (ESRT) Q3 2024 Earnings Call Transcript
Empire State Realty Trust, Inc. (NYSE:ESRT) Q3 2024 Earnings Conference Call October 22, 2024 12:00 PM ET Company Participants Jason McGrath – Senior Associate Investor Relations Tony Malkin – Chairm...
Empire State Realty Trust Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifa...
Empire State Realty Trust Ranks First of All Americas' Listed Companies for Second Consecutive Year and Achieves Top GRESB 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 Welcomes Four New Tenants to Its Retail Portfolio; Adds New ESB Observatory Ticketing Center
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it welcomed four new tenants to its retail portfolio and plans to open a new ticketing center at the world-...
Empire State Realty Trust Announces Dates for Third Quarter 2024 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 2024 financial results on Monday, October 21, 2024, afte...
Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point
Empire State Realty Trust offers investors exposure to NYC real estate, including office, retail, and multifamily properties, and the iconic Empire State Building. The REIT's diverse portfolio include...
Empire State Realty Trust Receives Expected Notice From NYSE Related to Delayed Filing of Quarterly Report on Form 10-Q
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (“ESRT”) and Empire State Realty OP, L.P. (“ESROP” and together with ESRT, the “Issuers”), today announced that, as previously d...
Empire State Realty Trust Announces Dividend for Third Quarter 2024
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...