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Empire State Realty Trust, Inc. Stock Price

NYSE:ESRT Community·US$1.6b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 6 Fair Values set on narratives written by author

ESRT Share Price Performance

US$5.74
-3.18 (-35.65%)
US$7.36
Fair Value
US$5.74
-3.18 (-35.65%)
22.0% undervalued intrinsic discount
US$7.36
Fair Value
Price US$5.74
AnalystConsensusTarget US$7.36
AnalystLowTarget US$6.80
AnalystHighTarget US$9.00

ESRT Community Narratives

AnalystConsensusTarget·
Fair Value US$7.36 22.0% undervalued intrinsic discount

Modern Office Leasing Will Shape Midtown Markets Amid Risks

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AnalystLowTarget·
Fair Value US$6.8 15.6% undervalued intrinsic discount

New York Office Assets Will Maintain Revenue Amid Rising Risks

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AnalystHighTarget·
Fair Value US$9 36.2% undervalued intrinsic discount

Urban Growth And Green Upgrades Will Drive Expansion Despite Risks

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US$6.8
15.6% undervalued intrinsic discount
Revenue
2.21% p.a.
Profit Margin
1.07%
Future PE
173.6x
Price in 2029
US$8.67
US$9
36.2% undervalued intrinsic discount
Revenue
2.16% p.a.
Profit Margin
2.01%
Future PE
122.83x
Price in 2029
US$11.48

Trending Discussion

Updated Narratives

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ESRT: Buybacks And New Manhattan Leasing Are Expected To Unlock Upside

Fair Value: US$7.36 22.0% undervalued intrinsic discount
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ESRT: Cautious Outlook Will Balance Buybacks With Broadway Acquisition Risk

Fair Value: US$6.8 15.6% undervalued intrinsic discount
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ESRT: Share Repurchases And Portfolio Leasing Will Support Future Upside Potential

Fair Value: US$9 36.2% undervalued intrinsic discount
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Snowflake Analysis

Slight risk second-rate dividend payer.

4 Risks
2 Rewards

Empire State Realty Trust, Inc. Key Details

US$767.8m

Revenue

US$365.0m

Cost of Revenue

US$402.8m

Gross Profit

US$359.4m

Other Expenses

US$43.4m

Earnings

Last Reported Earnings
Dec 31, 2025
Next Reporting Earnings
n/a
0.25
52.46%
5.65%
130.2%
View Full Analysis

About ESRT

Founded
2011
Employees
667
CEO
Anthony Malkin
WebsiteView website
www.esrtreit.com

Empire State Realty Trust, Inc. 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. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2025, ESRT’s operating portfolio is comprised of approximately 7.6 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. The Company also owns two properties that are being redeveloped with approximately 0.4 million rentable square feet of office space and 43 thousand rentable square feet of retail space.

Recent ESRT News & Updates

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