Empire State Realty Trust Management
Management criteria checks 3/4
Empire State Realty Trust's CEO is Tony Malkin, appointed in Jan 2012, has a tenure of 12.92 years. total yearly compensation is $8.96M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $12.80M. The average tenure of the management team and the board of directors is 3.9 years and 7.6 years respectively.
Key information
Tony Malkin
Chief executive officer
US$9.0m
Total compensation
| CEO salary percentage | 9.5% |
| CEO tenure | 12.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 3.9yrs |
| Board average tenure | 7.6yrs |
Recent management 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 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$45m |
| Jun 30 2024 | n/a | n/a | US$43m |
| Mar 31 2024 | n/a | n/a | US$48m |
| Dec 31 2023 | US$9m | US$850k | US$49m |
| Sep 30 2023 | n/a | n/a | US$52m |
| Jun 30 2023 | n/a | n/a | US$46m |
| Mar 31 2023 | n/a | n/a | US$54m |
| Dec 31 2022 | US$8m | US$810k | US$36m |
| Sep 30 2022 | n/a | n/a | US$21m |
| Jun 30 2022 | n/a | n/a | US$8m |
| Mar 31 2022 | n/a | n/a | -US$19m |
| Dec 31 2021 | US$8m | US$626k | -US$11m |
| Sep 30 2021 | n/a | n/a | -US$8m |
| Jun 30 2021 | n/a | n/a | -US$9m |
| Mar 31 2021 | n/a | n/a | -US$24m |
| Dec 31 2020 | US$10m | US$514k | -US$17m |
| Sep 30 2020 | n/a | n/a | US$225k |
| Jun 30 2020 | n/a | n/a | US$24m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$11m | US$810k | US$49m |
| Sep 30 2019 | n/a | n/a | US$55m |
| Jun 30 2019 | n/a | n/a | US$56m |
| Mar 31 2019 | n/a | n/a | US$61m |
| Dec 31 2018 | US$10m | US$810k | US$66m |
| Sep 30 2018 | n/a | n/a | US$60m |
| Jun 30 2018 | n/a | n/a | US$62m |
| Mar 31 2018 | n/a | n/a | US$62m |
| Dec 31 2017 | US$9m | US$810k | US$63m |
Compensation vs Market: Tony's total compensation ($USD8.96M) is above average for companies of similar size in the US market ($USD6.56M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
CEO
Tony Malkin (62 yo)
12.9yrs
Tenure
US$8,963,424
Compensation
Mr. Anthony E. Malkin, also known as Tony, serves as an Independent Director of APi Group Corporation since October 01, 2019. Mr. Malkin has been the Chief Executive Officer and Chairman since October 2013...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.9yrs | US$8.96m | 0.42% $ 12.8m | |
| President | less than a year | US$4.69m | 0% $ 0 | |
| Executive Vice President of Real Estate | 6.9yrs | US$4.73m | 0.0014% $ 43.7k | |
| Executive VP | 3.8yrs | no data | no data | |
| Senior VP & Chief Investment Officer | 4.6yrs | no data | no data | |
| Senior VP & CTO | 2.6yrs | no data | no data | |
| VP & Head of Investor Relations | 2.6yrs | no data | no data | |
| Senior VP | 3.3yrs | no data | no data | |
| Senior Vice President of Marketing | 3.9yrs | no data | no data | |
| Senior VP & Director of Leasing | no data | no data | no data | |
| Senior Vice President of Leasing | 7.4yrs | no data | no data | |
| Senior Vice President | no data | no data | no data |
3.9yrs
Average Tenure
62yo
Average Age
Experienced Management: ESRT's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13.9yrs | US$8.96m | 0.42% $ 12.8m | |
| Lead Independent Director | 11.2yrs | US$342.54k | 0.012% $ 363.9k | |
| Chairman Emeritus | no data | no data | no data | |
| Independent Director | 11.2yrs | US$237.19k | 0% $ 0 | |
| Independent Director | 9.9yrs | US$231.03k | 0% $ 0 | |
| Independent Director | 1.4yrs | US$146.91k | no data | |
| Independent Director | 4.9yrs | US$253.53k | 0% $ 0 | |
| Independent Director | 4.1yrs | US$231.03k | 0% $ 0 | |
| Independent Director | 11.2yrs | US$336.03k | 0.0021% $ 63.7k | |
| Independent Director | 5.3yrs | US$203.60k | 0% $ 0 | |
| Independent Director | 1.4yrs | US$144.56k | no data |
7.6yrs
Average Tenure
62yo
Average Age
Experienced Board: ESRT's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 22:48 |
| End of Day Share Price | 2024/12/18 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 |
| |
| 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 |