Empire State Realty Trust Balance Sheet Health
Financial Health criteria checks 1/6
Empire State Realty Trust has a total shareholder equity of $1.8B and total debt of $2.4B, which brings its debt-to-equity ratio to 130.2%. Its total assets and total liabilities are $4.5B and $2.6B respectively. Empire State Realty Trust's EBIT is $135.6M making its interest coverage ratio 1.4. It has cash and short-term investments of $136.5M.
Key information
130.16%
Debt to equity ratio
US$2.37b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$136.54m |
| Equity | US$1.82b |
| Total liabilities | US$2.65b |
| Total assets | US$4.47b |
Recent financial health updates
Recent updates
Empire State Realty: Strong Observatory Operations, Attractive Upside Potential
Jan 21Earnings Beat: Empire State Realty Trust, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 22
Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns
Jan 20Empire 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 10
Williamsburg Expansion And ESG Focus Risk Undermining ESRT's Financial Stability
Expansion into Williamsburg and an optimistic office leasing strategy amidst evolving work dynamics might increase operational risks and strain occupancy rates.Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why
May 03Empire 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 08Financial Position Analysis
Short Term Liabilities: ESRT's short term assets ($447.7M) exceed its short term liabilities ($171.6M).
Long Term Liabilities: ESRT's short term assets ($447.7M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ESRT's net debt to equity ratio (122.7%) is considered high.
Reducing Debt: ESRT's debt to equity ratio has increased from 123.9% to 130.2% over the past 5 years.
Debt Coverage: ESRT's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: ESRT's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/09 14:19 |
| End of Day Share Price | 2026/03/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
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 Github.
Analyst Sources
Empire State Realty Trust, Inc. is covered by 21 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 |
| Juan Sanabria | BMO Capital Markets Equity Research |
| Jing Xian Tan Bonnel | BofA Global Research |