Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 2.79B |
| Revenue (ttm) | 758.43M |
| Net Income (ttm) | 45.32M |
| Shares Out | 274.42M |
| EPS (ttm) | 0.27 |
| PE Ratio | 37.18 |
| Forward PE | 156.15 |
| Dividend | $0.14 (1.38%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 1,407,442 |
| Open | 10.00 |
| Previous Close | 10.06 |
| Day's Range | 9.99 - 10.33 |
| 52-Week Range | 8.78 - 11.62 |
| Beta | 1.42 |
| Analysts | Hold |
| Price Target | 11.50 (+13.3%) |
| Earnings Date | Oct 21, 2024 |
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 2023, Empire State Realty Trust's revenue was $739.57 million, an increase of 4.61% compared to the previous year's $707.01 million. Earnings were $48.98 million, an increase of 35.30%.
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 13.30% from the latest price.
News
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...
ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two new, full-floor office leases with the William Carter Company (Carter's) and Equativ for a to...
Empire State Realty Trust, Inc. (ESRT) Q2 2024 Earnings Call Transcript
Empire State Realty Trust, Inc. (NYSE:ESRT) Q2 2024 Results Conference Call July 25, 2024 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate & Secretar...
Empire State Realty Trust Announces Second 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 Announces Release of Schedule K-3
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online....
Kearney Signs 27,866 Square Foot Duplex Lease for the Empire State Building's Highest Office Floors
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with global management consulting firm Kearney for a 27,866 square foot duplex on the...
The Empire State Building Observatory #1 Attraction in the World in Tripadvisor 2024 Travelers' Choice Awards
NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) announced today that it was named the #1 Attraction in the World in Tripadvisor's 2024 Travelers' Choice Awards: Best of the Best Things to D...
Empire State Realty Trust Announces Dates for Second 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 second quarter 2024 financial results on Wednesday, July 24, 2024, aft...
A Spectacle in NYC: Empire State Building Debuts 270-Foot Vhagar the Dragon Coiled Around the Building's Mast, in Partnership with Max
NEW YORK--(BUSINESS WIRE)--A 270-foot-long dragon has landed in the center of New York City – atop the iconic Empire State Building (ESB). In partnership with Max, ESB has acknowledged that Vhagar the...
Empire State Realty Trust: Fairly Priced, Worth Watching
Empire State Realty Trust owns mainly office real estate, with a bit of retail and multifamily as well, offering exposure to NYC. Shares have historically declined and offer a strangely low dividend y...
Empire State Realty Trust To Present At The Nareit REITweek 2024 Investor Conference
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Christina Chiu, President, Tom Durels, EVP, Real Estate, and Steve Horn, EVP, Chief Financ...
Pontera Solutions Signs 41k Square Foot Expansion Lease with ESRT at the Empire State Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new, long term lease with Pontera Solutions, Inc. for a 40,679 square foot space at the Empire ...
Empire State Realty Trust Announces Dividend for Second 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 second quarter ...