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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
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Empire State Realty Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.15 |
| 52 Week High | US$11.62 |
| 52 Week Low | US$8.78 |
| Beta | 1.42 |
| 1 Month Change | -5.84% |
| 3 Month Change | -7.81% |
| 1 Year Change | 5.40% |
| 3 Year Change | 12.40% |
| 5 Year Change | -26.66% |
| Change since IPO | -22.52% |
Recent News & Updates
Recent updates
Empire State Realty Trust Is A Way To Go Long New York City
Dec 15Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point
Sep 10Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why
May 03
Empire State Realty Trust: A Bet On The Mean Reversion
Mar 05Empire State Realty: Occupancy Gains, 2024 Fed Pivot, And Possible Dividend Hike
Dec 15Empire State Realty: Fairly Valued Following YTD Outperformance
Sep 25Office REIT Empire State Realty Trust Is A Way To Sell Short New York City
Jun 29Empire State Realty: Outlook Positive Despite Haze Over The Observatory
Jun 08Analysts Just Made A Sizeable Upgrade To Their Empire State Realty Trust, Inc. (NYSE:ESRT) Forecasts
Apr 30Empire State Realty Trust FFO of $0.22 beats by $0.04, revenue of $181.27M beats by $43.5M
Feb 15Empire State Realty: Better To Observe From The Sidelines
Jan 11Empire State Realty Trust declares $0.035 dividend
Dec 09Empire State Realty Trust FFO of $0.21 beats by $0.02, revenue of $183.71M beats by $34.65M
Oct 26Empire State Realty Trust: Mispriced In Relation To Visitation Trends
Sep 26Empire State Realty Trust declares $0.035 dividend
Aug 16Rainbows and Unicorns: Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Became A Lot More Optimistic
Aug 03Empire State Realty Trust FFO of $0.29 beats by $0.10, revenue of $198.02M beats by $42.95M
Jul 27Empire State Realty Trust upgraded to Market Perform at BMO on tourist rebound
Jul 14Empire State Realty: Adverse Circumstances For Office And Retail Focused REIT
Jun 29Broker Revenue Forecasts For Empire State Realty Trust, Inc. (NYSE:ESRT) Are Surging Higher
May 06Empire State Realty Trust, Inc. (NYSE:ESRT) Analysts Just Trimmed Their Revenue Forecasts By 10%
Feb 20Shareholder Returns
| ESRT | US REITs | US Market | |
|---|---|---|---|
| 7D | -9.6% | -5.7% | -3.5% |
| 1Y | 5.4% | -5.9% | 22.1% |
Return vs Industry: ESRT exceeded the US REITs industry which returned -5.9% over the past year.
Return vs Market: ESRT underperformed the US Market which returned 22.1% over the past year.
Price Volatility
| ESRT volatility | |
|---|---|
| ESRT Average Weekly Movement | 3.4% |
| REITs Industry Average Movement | 3.3% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ESRT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ESRT's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 666 | Tony Malkin | 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
| ESRT fundamental statistics | |
|---|---|
| Market cap | US$2.76b |
| Earnings (TTM) | US$45.32m |
| Revenue (TTM) | US$758.43m |
37.4x
P/E Ratio2.2x
P/S RatioIs ESRT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ESRT income statement (TTM) | |
|---|---|
| Revenue | US$758.43m |
| Cost of Revenue | US$349.10m |
| Gross Profit | US$409.33m |
| Other Expenses | US$364.02m |
| Earnings | US$45.32m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.27 |
| Gross Margin | 53.97% |
| Net Profit Margin | 5.98% |
| Debt/Equity Ratio | 139.9% |
How did ESRT perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield11%
Payout RatioDoes ESRT pay a reliable dividends?
See ESRT dividend history and benchmarks| Empire State Realty Trust dividend dates | |
|---|---|
| Ex Dividend Date | Dec 16 2024 |
| Dividend Pay Date | Dec 31 2024 |
| Days until Ex dividend | 5 days |
| Days until Dividend pay date | 10 days |
Does ESRT pay a reliable dividends?
See ESRT dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 00:31 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Empire State Realty Trust, Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| Jing Xian Tan Bonnel | BofA Global Research |
| Michael Gorman | BTIG |