Empire State Realty Trust, Inc.

DB:ES9 Stock Report

Market Cap: €1.2b

Empire State Realty Trust Past Earnings Performance

Past criteria checks 3/6

Empire State Realty Trust has been growing earnings at an average annual rate of 38.3%, while the Office REITs industry saw earnings declining at 28.7% annually. Revenues have been growing at an average rate of 4.4% per year. Empire State Realty Trust's return on equity is 4.8%, and it has net margins of 6.7%.

Key information

38.31%

Earnings growth rate

39.64%

EPS growth rate

Office REITs Industry Growth4.80%
Revenue growth rate4.44%
Return on equity4.81%
Net Margin6.69%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Empire State Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:ES9 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2576251710
31 Dec 2476347700
30 Sep 2475845690
30 Jun 2475543660
31 Mar 2475648640
31 Dec 2374049640
30 Sep 2372853640
30 Jun 2372047640
31 Mar 2370954640
31 Dec 2270736620
30 Sep 2268621590
30 Jun 226568580
31 Mar 22627-19560
31 Dec 21608-11560
30 Sep 21591-8560
30 Jun 21584-9560
31 Mar 21574-24600
31 Dec 20600-17620
30 Sep 206500650
30 Jun 2069424650
31 Mar 2073048630
31 Dec 1972749610
30 Sep 1971455580
30 Jun 1970956570
31 Mar 1971161540
31 Dec 1870866530
30 Sep 1870560530
30 Jun 1870562530
31 Mar 1870262520
31 Dec 1769663500
30 Sep 1768862500
30 Jun 1767959490
31 Mar 1767054490
31 Dec 1667051490
30 Sep 1666443450
30 Jun 1666138440
31 Mar 1666038400
31 Dec 1565634380
30 Sep 1566030380
30 Jun 1565727380
31 Mar 1564725380
31 Dec 1463527390
30 Sep 1461390550
30 Jun 1451284540

Quality Earnings: ES9 has a large one-off gain of $26.5M impacting its last 12 months of financial results to 31st March, 2025.

Growing Profit Margin: ES9's current net profit margins (6.7%) are higher than last year (6.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ES9's earnings have grown significantly by 38.3% per year over the past 5 years.

Accelerating Growth: ES9's earnings growth over the past year (5.8%) is below its 5-year average (38.3% per year).

Earnings vs Industry: ES9 earnings growth over the past year (5.8%) exceeded the Office REITs industry 4.3%.

Return on Equity

High ROE: ES9's Return on Equity (4.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 09:45
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Empire State Realty Trust, Inc. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John KimBMO Capital Markets Equity Research
Jing Xian Tan BonnelBofA Global Research
Michael GormanBTIG