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Empire State Realty Trust NYSE:ESRT Stock Report

Last Price

US$9.96

Market Cap

US$2.7b

7D

2.5%

1Y

36.6%

Updated

27 Feb, 2024

Data

Company Financials +

Empire State Realty Trust, Inc.

NYSE:ESRT Stock Report

Market Cap: US$2.7b

ESRT Stock Overview

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.

ESRT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends2/6

Empire State Realty Trust, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Empire State Realty Trust
Historical stock prices
Current Share PriceUS$9.96
52 Week HighUS$10.32
52 Week LowUS$5.39
Beta1.31
1 Month Change-1.87%
3 Month Change10.67%
1 Year Change36.63%
3 Year Change-11.47%
5 Year Change-36.96%
Change since IPO-23.97%

Recent News & Updates

Empire State Realty: Occupancy Gains, 2024 Fed Pivot, And Possible Dividend Hike

Dec 15

Recent updates

Empire State Realty: Occupancy Gains, 2024 Fed Pivot, And Possible Dividend Hike

Dec 15

Empire State Realty: Fairly Valued Following YTD Outperformance

Sep 25

Office REIT Empire State Realty Trust Is A Way To Sell Short New York City

Jun 29

Empire State Realty: Outlook Positive Despite Haze Over The Observatory

Jun 08

Analysts Just Made A Sizeable Upgrade To Their Empire State Realty Trust, Inc. (NYSE:ESRT) Forecasts

Apr 30
Analysts Just Made A Sizeable Upgrade To Their Empire State Realty Trust, Inc. (NYSE:ESRT) Forecasts

Empire State Realty Trust FFO of $0.22 beats by $0.04, revenue of $181.27M beats by $43.5M

Feb 15

Empire State Realty: Better To Observe From The Sidelines

Jan 11

Empire State Realty Trust declares $0.035 dividend

Dec 09

Empire State Realty Trust FFO of $0.21 beats by $0.02, revenue of $183.71M beats by $34.65M

Oct 26

Empire State Realty Trust: Mispriced In Relation To Visitation Trends

Sep 26

Empire State Realty Trust declares $0.035 dividend

Aug 16

Rainbows and Unicorns: Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Became A Lot More Optimistic

Aug 03
Rainbows and Unicorns: Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Became A Lot More Optimistic

Empire State Realty Trust FFO of $0.29 beats by $0.10, revenue of $198.02M beats by $42.95M

Jul 27

Empire State Realty Trust upgraded to Market Perform at BMO on tourist rebound

Jul 14

Empire State Realty: Adverse Circumstances For Office And Retail Focused REIT

Jun 29

Broker Revenue Forecasts For Empire State Realty Trust, Inc. (NYSE:ESRT) Are Surging Higher

May 06
Broker Revenue Forecasts For Empire State Realty Trust, Inc. (NYSE:ESRT) Are Surging Higher

Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Trimmed Their Revenue Forecasts By 10%

Feb 20
Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Trimmed Their Revenue Forecasts By 10%

Empire State: A Quality Play On New York

Jan 05

Why I Sold Empire State Realty Trust

Jun 15

Empire State Realty is actively bidding for NYC market properties

Jun 08

We Think Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation Package Needs To Be Put Under A Microscope

May 07
We Think Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation Package Needs To Be Put Under A Microscope

Empire State Realty Trust stock gains after double upgrade at Evercore ISI

May 03

Empire State Realty: Time To Fade This Trade

Jan 01

Reflecting on Empire State Realty Trust's (NYSE:ESRT) Share Price Returns Over The Last Three Years

Dec 18
Reflecting on Empire State Realty Trust's (NYSE:ESRT) Share Price Returns Over The Last Three Years

Shareholder Returns

ESRTUS REITsUS Market
7D2.5%-2.9%1.8%
1Y36.6%-19.7%25.1%

Return vs Industry: ESRT exceeded the US REITs industry which returned -19% over the past year.

Return vs Market: ESRT exceeded the US Market which returned 25.6% over the past year.

Price Volatility

Is ESRT's price volatile compared to industry and market?
ESRT volatility
ESRT Average Weekly Movement4.9%
REITs Industry Average Movement4.1%
Market Average Movement6.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: ESRT has not had significant price volatility in the past 3 months.

Volatility Over Time: ESRT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011667Tony Malkinhttps://www.esrtreit.com

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.

Empire State Realty Trust, Inc. Fundamentals Summary

How do Empire State Realty Trust's earnings and revenue compare to its market cap?
ESRT fundamental statistics
Market capUS$2.72b
Earnings (TTM)US$49.04m
Revenue (TTM)US$739.57m

33.1x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ESRT income statement (TTM)
RevenueUS$739.57m
Cost of RevenueUS$339.02m
Gross ProfitUS$400.56m
Other ExpensesUS$351.51m
EarningsUS$49.04m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin54.16%
Net Profit Margin6.63%
Debt/Equity Ratio129.4%

How did ESRT perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

12%

Payout Ratio
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