ESRT Stock - Empire State Realty Trust, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $763.15M | $739.57M | $707.01M | $607.86M | $609.23M |
| Gross Profit | $408.99M | $400.56M | $385.65M | $328.38M | $318.12M |
| Gross Margin | 53.6% | 54.2% | 54.5% | 54.0% | 52.2% |
| Operating Income | $158.71M | $146.71M | $127.03M | $79.13M | $58.66M |
| Net Income | $51.64M | $53.24M | $40.64M | $-6,510,000 | $-12,515,000 |
| Net Margin | 6.8% | 7.2% | 5.7% | -1.1% | -2.1% |
| EPS | $0.29 | $0.30 | $0.22 | $-0.08 | $-0.13 |
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 25th 2025 | Wolfe Research | Upgrade | Outperform | $10 |
| November 27th 2023 | Evercore ISI | Downgrade | In-line | - |
| May 23rd 2023 | Evercore ISI | Upgrade | Outperform | $8← $7 |
| April 12th 2023 | Evercore ISI | Downgrade | In-line | $7← $8 |
| March 3rd 2023 | BMO Capital Markets | Upgrade | Outperform | $9 |
| March 1st 2023 | BofA Securities | Upgrade | Buy | $9.25 |
| August 1st 2022 | Wolfe Research | Downgrade | Peer Perform | - |
| July 14th 2022 | BMO Capital Markets | Upgrade | Market Perform | $8← $7.5 |
| May 2nd 2022 | Evercore ISI | Upgrade | Outperform | $11 |
Earnings History & Surprises
ESRTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | — | — | — | — |
Q4 2025 | Oct 29, 2025 | — | $0.23 | — | — |
Q3 2025 | Jul 23, 2025 | — | $0.22 | — | — |
Q2 2025 | Apr 29, 2025 | — | $0.19 | — | — |
Q1 2025 | Feb 19, 2025 | $0.05 | $0.24 | +380.0% | ✓ BEAT |
Q4 2024 | Oct 21, 2024 | $0.05 | $0.26 | +420.0% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.24 | $0.24 | 0.0% | = MET |
Q2 2024 | Apr 24, 2024 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
Q1 2024 | Feb 20, 2024 | $0.22 | $0.25 | +13.6% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.23 | $0.25 | +8.7% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.21 | $0.26 | +23.8% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.17 | $0.16 | -5.9% | ✗ MISS |
Q1 2023 | Feb 15, 2023 | $0.19 | $0.22 | +15.8% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $0.18 | $0.29 | +61.1% | ✓ BEAT |
Q2 2022 | Apr 27, 2022 | $0.16 | $0.18 | +12.5% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.15 | $0.18 | +20.0% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $0.16 | $0.20 | +25.0% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $0.14 | $0.18 | +28.6% | ✓ BEAT |
Latest News
Empire State Realty Trust Authorizes $500M Buyback
📈 PositiveEmpire State Realty Trust Signs Two New Retails Leases With HOKA, Tecovas
📈 PositiveWells Fargo Maintains Underweight on Empire State Realty Trust, Lowers Price Target to $6.8
📉 NegativeEmpire State Realty Trust Affirms FY2025 FFO Guidance of $0.83-$0.86 vs $0.86 Est
➖ NeutralEmpire State Realty Trust Q3 FFO $0.23, Inline, Sales $158.410M Miss $197.629M Estimate
📉 NegativeEmpire State Realty Trust Signs 14,430-Sq.-Ft. Lease With SORA, High-End Japanese Omakase Concept, At One Grand Central Place
📈 PositiveFrequently Asked Questions about ESRT
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