Empire State Realty Trust, Inc. (ESRT) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

45/ 100

GoAI Score

Hold

Valuation

59

Fair Value

Sentiment

55

Mixed

Risk

52

Elevated Risk

Momentum

31

Weakening

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Company profile

Company website

Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.

Industry: REIT - Diversified
Sector: Real Estate
Headquarters: US
CEO: Anthony E. Malkin
Listed since: Oct 2, 2013
Employees: 642

Market position

Day range

Current $4.47

$4.335$4.58

52-week range

Current $4.47

$3.93$8.04

Open: $4.39
Previous close: $4.43
Volume: 6.81M; 2.3× average
Average volume: 2.96M; Average daily volume
Market cap: 766.43M USD
Beta: 1.42; Market reference 1
50-day average: $4.5338; -1.41% below average
200-day average: $5.4459; -17.92% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 3.37B USD
P/E (TTM): 164.34×
P/B (TTM): 0.74×
P/S (TTM): 0.98×
EV / EBITDA: 9.01×
Earnings yield: 4.33%
Free cash flow yield: 4.60%
Dividend yield: 3.13%

Profitability & efficiency

Gross margin: -22.88%
Operating margin: 16.78%
Net margin: 0.93%
Return on equity: 4.49%
Return on assets: 1.07%
Return on invested capital: 2.94%

Financial health

Debt / equity: 2.14×
Current ratio: 3.15×
Altman Z-score: 0.51
Piotroski F-score: 6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

768.27M USD+0.67%

Operating income

135.65M USD-14.53%

Net income

47.6M USD-7.83%

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	768.27M USD	763.15M USD	739.57M USD	707.01M USD	607.86M USD
Cost of goods sold	754.54M USD	354.16M USD	339.02M USD	321.35M USD	279.49M USD
Gross profit	13.73M USD	408.99M USD	400.56M USD	385.66M USD	328.38M USD
Selling, general, and administrative	72.84M USD	70.23M USD	63.94M USD	61.77M USD	55.95M USD
Operating expenses	−121.92M USD	250.28M USD	253.85M USD	258.63M USD	249.25M USD
Interest income	8.75M USD	21.3M USD	15.14M USD	4.95M USD	704K USD
Interest expense	103.78M USD	109.71M USD	101.48M USD	101.21M USD	94.39M USD
Depreciation and amortization	194.76M USD	184.82M USD	189.91M USD	216.89M USD	201.81M USD
Operating income	135.65M USD	158.71M USD	146.71M USD	127.03M USD	79.13M USD
Net income	47.6M USD	51.64M USD	53.25M USD	40.64M USD	−6.51M USD

Company facts updated Oct 8, 2026.

Earnings

EPS beat rate: 50%; 3 beats, 3 misses, 0 met estimates
Average EPS surprise: +47.45%; 6 comparable reports
Latest EPS result: -0.15

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$5.00

11.86% upside

Past 12 months12-month forecastHigh $5.00Average $5.00Low $5.00

Rating distribution

16 ratings

Strong buy00%

Buy425%

Hold1063%

Sell213%

Strong sell00%

Recent analyst actions

4 institutions

ESRT news

prnewswire.comOct 6, 2026

NYSE Texas Delivers White Paper to Highlight its Mission: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Oct. 6, 2026 /PRNewswire/ -- NEW YORK, The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading…

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businesswire.comOct 1, 2026

Empire State Realty Trust Announces Dates for Third Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2026 financial results on Monday, November 2, 2026, after the close of…

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businesswire.comSep 22, 2026

Resident Announces Exclusive Partnership with Empire State Realty Trust to Host Private Culinary Events Across Its Iconic Portfolio

NEW YORK--(BUSINESS WIRE)--Landmark collaboration brings Resident's chef-driven experiences to Empire State Realty Trust properties, including the Empire State Building.

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defenseworld.netAug 14, 2026

Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) & Empire State Realty Trust (NYSE:ESRT) Financial Analysis

Empire State Realty Trust (NYSE: ESRT - Get Free Report) and Inovalis Real Estate Investment Trust (OTCMKTS:IVREF - Get Free Report) are both real estate companies, but which is the better investment? We will compare the…

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defenseworld.netAug 13, 2026

COPT Defense Properties (NYSE:CDP) vs. Empire State Realty Trust (NYSE:ESRT) Head to Head Comparison

Empire State Realty Trust (NYSE: ESRT - Get Free Report) and COPT Defense Properties (NYSE: CDP - Get Free Report) are both real estate companies, but which is the better business? We will contrast the two businesses…

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businesswire.comAug 5, 2026

Empire State Realty Trust Announces Dividend for Third Quarter 2026

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2026, payable to…

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Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.14

2025 complete year-66.7% since 2019

2026 partial: $0.105

$0.42

2,019

$0.14

2,022

$0.14

2,023

$0.14

2,024

$0.14

2,025

$0.105

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Sep 15, 2026	$0.035Quarterly	Sep 15, 2026	Sep 30, 2026
Dividend	Jun 15, 2026	$0.035Quarterly	Jun 15, 2026	Jun 30, 2026
Dividend	Mar 13, 2026	$0.035Quarterly	Mar 13, 2026	Mar 31, 2026
Dividend	Dec 15, 2025	$0.035Quarterly	Dec 15, 2025	Dec 31, 2025
Dividend	Sep 15, 2025	$0.035Quarterly	Sep 15, 2025	Sep 30, 2025
Dividend	Jun 13, 2025	$0.035Quarterly	Jun 13, 2025	Jun 30, 2025