Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 1.50B |
| Revenue (ttm) | 739.57M |
| Net Income (ttm) | 49.04M |
| Shares Out | 163.09M |
| EPS (ttm) | 0.30 |
| PE Ratio | 30.70 |
| Forward PE | 91.74 |
| Dividend | $0.14 (1.52%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 858,732 |
| Open | 9.08 |
| Previous Close | 9.12 |
| Day's Range | 9.01 - 9.30 |
| 52-Week Range | 5.43 - 10.32 |
| Beta | 1.32 |
| Analysts | Hold |
| Price Target | 8.33 (-9.55%) |
| Earnings Date | Apr 24, 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 comprise... [Read more]
Financial Performance
In 2023, ESRT's revenue was $739.57 million, an increase of 1.72% compared to the previous year's $727.04 million. Earnings were $49.04 million, an increase of 34.58%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for ESRT stock is "Hold." The 12-month stock price forecast is $8.33, which is a decrease of -9.55% from the latest price.
News
Empire State Realty Trust Announces First 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 Publishes 2023 Sustainability Report with Major Achievements, Key Goals, and Transparent Metrics
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today published its annual Sustainability Report that highlights its continued proven leadership in environmental sustainability...
Big Tech layoffs aren't helping commercial real estate demand, says Evercore's Steve Sakwa
Steve Sakwa, senior equity research analyst at Evercore ISI, on what's next for commercial real estate, the impact of increasing return-to-office mandates, and more.
Empire State Realty Trust Announces Private Placement of $225 Million of Green Senior Unsecured Notes
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it and its operating partnership, Empire State Realty OP, L.P. (the “Operating Partnership...
Empire State Realty Trust Announces Date of 2024 Annual Meeting of Shareholders
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will hold its 2024 Annual Meeting of Shareholders (the “Annual Meeting) on Thursday, Ma...
Empire State Realty Trust Receives WELL Health-Safety Leadership Award; Becomes Among the First Commercial Office and Multifamily Portfolios in the U.S. to Achieve the WELL Equity Rating Through WELL at Scale
NEW YORK--(BUSINESS WIRE)--International WELL Building Institute (IWBI) – the global authority on healthy buildings, organizations and communities – and Empire State Realty Trust, Inc. (NYSE: ESRT) an...
Empire State Realty Trust Achieves 2024 ENERGY STAR Sustained Excellence Award
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it achieved the 2024 ENERGY STAR Sustained Excellence Award from the U.S. Environmental Protection Agency a...
Empire State Realty Trust Announces Dates for First 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 first quarter 2024 financial results on Wednesday, April 24, 2024, aft...
Empire State Realty Trust Announces New $715 Million Credit Facility
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit faci...
Empire State Realty Trust Announces Dividend for First 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 first quarter o...
Empire State Realty Trust to Present at the Citi 2024 Global Property CEO Conference
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Anthony E. Malkin, Chairman and Chief Executive Officer and Christina Chiu, President, wil...
Empire State Realty Trust CEO on commercial real estate, NYC office trends and big name tenants
Tony Malkin, Empire State Realty Trust CEO, joins 'The Exchange' to discuss the state of commercial real estate and New York City office space.
Sol de Janeiro USA Signs 57,203 Square Foot Lease at One Grand Central Place
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new 11-year office lease with Sol de Janeiro USA – a luxury skincare and beauty brand – for 57,...
Empire State Realty Trust Announces Fourth Quarter and Full Year 2023 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 Appoints Christina Chiu as President, Stephen V. Horn as Chief Financial Officer & Chief Accounting Officer
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Executive Vice President, Chief Operating Officer & Chief Financial Officer Christina Chiu has been promote...
Burlington Stores, Inc. Expands by 67,865 Square Feet to Occupy a Total of 170,763 Square Feet at 1400 Broadway
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Burlington Stores, Inc. signed an expansion lease for an additional 67,865 square feet of office space acro...
Trade Tracker: Bill Baruch buys Tesla and Josh Brown sells Empire State Realty
Bill Baruch and Josh Brown join CNBC's 'Halftime Report' to break down their Tesla and Empire State Realty Trust trades.
Empire State Realty Trust Signs New Full-Floor Lease with Hanover Street Capital at 250 West 57th Street
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a new lease with Hanover Street Capital, a commercial real estate platform that provides comprehe...
Empire State Realty Trust Signs New Full-Floor Lease with Greater New York Mutual Insurance Company at the Empire State Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot s...
Empire State Realty Trust Announces 2023 Tax Treatment of Its Distributions
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced the 2023 tax treatment of its Class A common stock distributions, as described below. The follo...
Empire State Realty Trust Welcomes Ghirardelli's First-Ever New York Store to Its Retail Portfolio at the Empire State Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it will welcome Ghirardelli Chocolate Company in a 2,758 square foot retail space at the base of the world-...
Empire State Realty Trust Announces Dates for Fourth Quarter 2023 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 fourth quarter 2023 financial results on Tuesday, February 20, 2024, a...
Banks may continue to pull back from commercial real estate in 2024, says Northwind's Ran Eliasaf
Ran Eliasaf, Northwind Group founder and managing partner, joins 'The Exchange' to discuss the state of commercial real estate, the industry's outlook for 2024, and more.
Empire State Realty Trust Announces Stock Repurchase Authorization
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has authorized the repurchase of up to $500 million of the Company'...
Empire State Realty Trust Announces Dividend for Fourth Quarter 2023
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 fourth quarter ...