Empire State Realty Trust Past Earnings Performance
Past criteria checks 2/6
Empire State Realty Trust has been growing earnings at an average annual rate of 19%, while the REITs industry saw earnings growing at 18.6% annually. Revenues have been growing at an average rate of 2.6% per year. Empire State Realty Trust's return on equity is 4.4%, and it has net margins of 6%.
Key information
19.0%
Earnings growth rate
21.7%
EPS growth rate
| REITs Industry Growth | 19.4% |
| Revenue growth rate | 2.6% |
| Return on equity | 4.4% |
| Net Margin | 6.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance 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 20Revenue & Expenses Breakdown
How Empire State Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 758 | 45 | 69 | 0 |
| 30 Jun 24 | 755 | 43 | 66 | 0 |
| 31 Mar 24 | 756 | 48 | 64 | 0 |
| 31 Dec 23 | 740 | 49 | 64 | 0 |
| 30 Sep 23 | 728 | 52 | 64 | 0 |
| 30 Jun 23 | 720 | 46 | 64 | 0 |
| 31 Mar 23 | 709 | 54 | 64 | 0 |
| 31 Dec 22 | 707 | 36 | 62 | 0 |
| 30 Sep 22 | 686 | 21 | 59 | 0 |
| 30 Jun 22 | 656 | 8 | 58 | 0 |
| 31 Mar 22 | 627 | -19 | 56 | 0 |
| 31 Dec 21 | 608 | -11 | 56 | 0 |
| 30 Sep 21 | 591 | -8 | 56 | 0 |
| 30 Jun 21 | 584 | -9 | 56 | 0 |
| 31 Mar 21 | 574 | -24 | 60 | 0 |
| 31 Dec 20 | 600 | -17 | 62 | 0 |
| 30 Sep 20 | 650 | 0 | 65 | 0 |
| 30 Jun 20 | 694 | 24 | 65 | 0 |
| 31 Mar 20 | 730 | 48 | 63 | 0 |
| 31 Dec 19 | 727 | 49 | 61 | 0 |
| 30 Sep 19 | 714 | 55 | 58 | 0 |
| 30 Jun 19 | 709 | 56 | 57 | 0 |
| 31 Mar 19 | 711 | 61 | 54 | 0 |
| 31 Dec 18 | 708 | 66 | 53 | 0 |
| 30 Sep 18 | 705 | 60 | 53 | 0 |
| 30 Jun 18 | 705 | 62 | 53 | 0 |
| 31 Mar 18 | 702 | 62 | 52 | 0 |
| 31 Dec 17 | 696 | 63 | 50 | 0 |
| 30 Sep 17 | 688 | 62 | 50 | 0 |
| 30 Jun 17 | 679 | 59 | 49 | 0 |
| 31 Mar 17 | 670 | 54 | 49 | 0 |
| 31 Dec 16 | 670 | 51 | 49 | 0 |
| 30 Sep 16 | 664 | 43 | 45 | 0 |
| 30 Jun 16 | 661 | 38 | 44 | 0 |
| 31 Mar 16 | 660 | 38 | 40 | 0 |
| 31 Dec 15 | 656 | 34 | 38 | 0 |
| 30 Sep 15 | 660 | 30 | 38 | 0 |
| 30 Jun 15 | 657 | 27 | 38 | 0 |
| 31 Mar 15 | 647 | 25 | 38 | 0 |
| 31 Dec 14 | 635 | 27 | 39 | 0 |
| 30 Sep 14 | 613 | 90 | 55 | 0 |
| 30 Jun 14 | 512 | 84 | 54 | 0 |
| 31 Mar 14 | 423 | 78 | 52 | 0 |
| 31 Dec 13 | 349 | 75 | 40 | 0 |
Quality Earnings: ESRT has high quality earnings.
Growing Profit Margin: ESRT's current net profit margins (6%) are lower than last year (7.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ESRT's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: ESRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ESRT had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the REITs industry average (-13.3%).
Return on Equity
High ROE: ESRT's Return on Equity (4.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
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 |
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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 |