Empire State Realty Trust, Inc.

NYSE:ESRT Stock Report

Market Cap: US$1.5b

Empire State Realty Trust Management

Management criteria checks 2/4

Empire State Realty Trust's CEO is Tony Malkin, appointed in Jan 2012, has a tenure of 14.17 years. total yearly compensation is $13.19M, comprised of 6.7% salary and 93.3% bonuses, including company stock and options. directly owns 0.41% of the company’s shares, worth $6.33M. The average tenure of the management team and the board of directors is 4.6 years and 6.3 years respectively.

Key information

Tony Malkin

Chief executive officer

US$13.2m

Total compensation

CEO salary percentage6.67%
CEO tenure14.2yrs
CEO ownership0.4%
Management average tenure4.6yrs
Board average tenure6.3yrs

Recent management updates

Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why

May 03
Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why

Recent updates

Empire State Realty: Strong Observatory Operations, Attractive Upside Potential

Jan 21

Earnings Beat: Empire State Realty Trust, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 22
Earnings Beat: Empire State Realty Trust, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns

Jan 20

Empire State Realty Trust Is A Way To Go Long New York City

Dec 15

Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point

Sep 10
User avatar

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 03
Shareholders May Not Be So Generous With Empire State Realty Trust, Inc.'s (NYSE:ESRT) CEO Compensation And Here's Why

Empire State Realty Trust: A Bet On The Mean Reversion

Mar 05

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

CEO Compensation Analysis

How has Tony Malkin's remuneration changed compared to Empire State Realty Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

US$43m

Sep 30 2025n/an/a

US$35m

Jun 30 2025n/an/a

US$40m

Mar 31 2025n/an/a

US$51m

Dec 31 2024US$13mUS$879k

US$47m

Sep 30 2024n/an/a

US$45m

Jun 30 2024n/an/a

US$43m

Mar 31 2024n/an/a

US$48m

Dec 31 2023US$9mUS$850k

US$49m

Sep 30 2023n/an/a

US$53m

Jun 30 2023n/an/a

US$47m

Mar 31 2023n/an/a

US$54m

Dec 31 2022US$8mUS$810k

US$36m

Sep 30 2022n/an/a

US$21m

Jun 30 2022n/an/a

US$8m

Mar 31 2022n/an/a

-US$19m

Dec 31 2021US$8mUS$626k

-US$11m

Sep 30 2021n/an/a

-US$8m

Jun 30 2021n/an/a

-US$9m

Mar 31 2021n/an/a

-US$24m

Dec 31 2020US$10mUS$514k

-US$17m

Sep 30 2020n/an/a

US$225k

Jun 30 2020n/an/a

US$24m

Mar 31 2020n/an/a

US$48m

Dec 31 2019US$11mUS$810k

US$49m

Compensation vs Market: Tony's total compensation ($USD13.19M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Tony Malkin (63 yo)

14.2yrs
Tenure
US$13,191,601
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

NamePositionTenureCompensationOwnership
Anthony Malkin
Chairman & CEO14.2yrsUS$13.19m0.41%
$ 6.3m
Christina Chiu
President2.1yrsUS$6.50mno data
Stephen Horn
Executive VP5.1yrsUS$1.44mno data
Thomas Durels
Executive Officer8.2yrsUS$6.11m0.027%
$ 419.0k
Stephen Passalacqua
Senior Vice President & Director of Investments1yrno datano data
Sandy Jacolow
Senior VP & CTO3.8yrsno datano data
Joshua Attie
Head of Investor Relationsless than a yearno datano data
Heather Houston
Senior VP4.6yrsno datano data
Abigail Rickards
Senior VP & Chief Marketing Officer5.2yrsno datano data
Samantha Hutson
Senior VP of Human Resources Strategy& Operationsno datano datano data
Ryan Kass
Executive VPless than a yearno datano data
Fred Posniak
Senior Vice President of Leasing8.7yrsno datano data
4.6yrs
Average Tenure
63yo
Average Age

Experienced Management: ESRT's management team is considered experienced (4.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anthony Malkin
Chairman & CEO15.2yrsUS$13.19m0.41%
$ 6.3m
Steven Gilbert
Lead Independent Director12.4yrsUS$313.50k0.012%
$ 179.9k
Peter Malkin
Chairman Emeritusno datano datano data
James Robinson
Independent Director11.2yrsUS$231.00kno data
Christina Van Tassell
Independent Director2.7yrsUS$220.00kno data
R. Hood
Independent Director6.2yrsUS$253.50kno data
Grant Hill
Independent Director5.3yrsUS$231.00kno data
Salvatore Giliberto
Independent Director12.4yrsUS$240.00k0.0020%
$ 31.4k
Patricia Han
Independent Director6.5yrsUS$232.50kno data
Hannah Yang
Independent Director2.7yrsUS$215.00kno data
George Malkin
Directorless than a yearno datano data
6.3yrs
Average Tenure
62.5yo
Average Age

Experienced Board: ESRT's board of directors are considered experienced (6.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 14:19
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

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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 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.

AnalystInstitution
John KimBMO Capital Markets Equity Research
Juan SanabriaBMO Capital Markets Equity Research
Jing Xian Tan BonnelBofA Global Research