NYSE:ESRTOffice REITs
Assessing Empire State Realty Trust (ESRT) Valuation After a 35% Year-to-Date Share Price Decline
Empire State Realty Trust (ESRT) has quietly slipped this year, with the stock down roughly 35% year to date and about 13% over the past 3 months, despite modest revenue growth.
See our latest analysis for Empire State Realty Trust.
That slide has come as investors reassess REIT risk and higher-for-longer rates, with the share price now at $6.58 and short term momentum clearly fading even though multi year total shareholder returns have been roughly flat overall.
If ESRT's recent weakness has...