Empire State Realty Trust, Inc. ESRT R2K
Real Estate · REIT - Diversified · United States
Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, modernized well-located offices and multifamily assets. ESRT's flagship Empire State Building, the (World's Most Famous Building) features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2025, ESRT's portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Empire State Realty Trust, Inc. was established on July 29, 2011, and was incorporated in 2011 and is based in New York, United States.
READ MORE ›$5.73
-23.67% 1Y
Market & Price
Market Cap
$1.75B
Current Price
$5.73
High / Low (52W)
$8.54 / $4.96
Beta
1.36
Valuation
Stock P/E
27.29
Industry PE
26.58
Forward P/E
95.50
PEG Ratio
37.36
Book Value
$6.18
Price to Book
0.93
P/S
2.26
EV/EBITDA
12.58
Dividend Yield
2.44%
Profitability & Returns
ROCE
4.71%
ROE
3.34%
ROA
2.04%
Profit Margin
5.10%
Op Margin
15.59%
EPS (Latest Qtr)
$0.01
EPS (TTM)
$0.21
Balance Sheet & Liquidity
Debt/Equity
1.29
Quick Ratio
1.51
Current Ratio
1.67
Debt
$2.35B
Total Assets
$4.47B
Current Assets
$443.84M
Working Capital
$-217.97M
Ownership
Promoter Holding
0.08%
Chg in Prom Hold
-
FII / Inst Holding
103.60%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$4.02B
Total Revenue (TTM)
$776.71M
EBITDA
$319.55M
Free Cash Flow
$234.21M
Operating Cash Flow
$234.82M
Shares Outstanding
171.46M
Gross Margin
52.49%
Payout Ratio
66.67%
Growth (CAGR)
Revenue 5Y
2.79%
Profit 5Y
5.41%
Revenue (YoY)
4.90%
Earnings (YoY)
-86.80%
PROS
- Generates positive free cash flow.
CONS
- Trading 32.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ESRT Empire State Realty Trust, Inc. R2K | 5.73 | 27.29 | $1.75B | 2.44% | 4.71% | 3.34% | 2.79% | 5.41% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 180.91M | 189.17M | - | - | 180.07M | 190.79M | 197.73M | 199.22M | 188.97M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 88.56M | 89.64M | 92.04M | 94.78M | 92.56M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 91.51M | 101.14M | 105.69M | 104.45M | 96.41M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.72M | 66.49M | 66.36M | 69.04M | 68.31M |
| Operating Income | 45.34M | 37.23M | 34.10M | 44.16M | 53.44M | 52.20M | 36.05M | 50.66M | 56.01M | 50.19M | 34.16M | 49.66M | 48.54M | 58.49M | 26.08M | 36.24M | 45.28M | 47.11M | 26.97M | 334.00K | 11.93M | 19.43M | 18.35M | 26.48M | 13.20M | 6.05M | 46.50M | 35.53M | 17.49M | 46.19M | 42.26M | 31.06M | 39.36M | - | - | 25.79M | 34.66M | 39.33M | 35.41M | 28.10M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.68M | 85.91M | 91.69M | 109.67M | 81.58M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.59M | 25.13M | 25.19M | 25.88M | 28.14M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.16M | 11.86M | 15.29M | 33.23M | 1.93M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -619.00K | 478.00K | 1.65M | 1.05M | -1.06M |
| Net Income | 11.22M | 8.25M | 7.43M | 11.09M | 15.97M | 16.97M | 9.98M | 16.58M | 18.81M | 17.27M | 9.77M | 16.65M | 16.34M | 22.84M | 5.68M | 11.09M | 15.88M | 16.80M | 4.50M | -12.79M | -8.20M | -210.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.27M | 7.57M | 9.04M | 20.73M | 2.29M |
| Diluted EPS | 0.10 | - | 0.06 | 0.09 | 0.12 | - | 0.06 | 0.10 | 0.12 | - | 0.06 | 0.10 | 0.10 | - | 0.03 | 0.06 | 0.09 | - | 0.02 | -0.07 | -0.05 | - | -0.02 | 0.01 | -0.04 | -0.07 | 0.18 | 0.03 | 0.04 | 0.14 | 0.07 | 0.03 | 0.10 | - | - | 0.05 | 0.04 | 0.05 | 0.12 | 0.01 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 294.79M | - | 206.07M | - | - | - | - | - | - | - | - | 707.01M | 739.57M | 763.15M | 767.81M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | 321.35M | 339.02M | 354.16M | 365.02M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | 385.65M | 400.56M | 408.99M | 402.79M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 278.66M | 253.85M | 255.05M | 267.60M |
| Operating Income | - | 88.69M | - | 141.32M | 151.37M | 183.90M | 192.90M | 190.86M | 154.71M | 58.66M | - | 107.00M | 146.71M | 153.94M | 135.19M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | 382.86M | 378.52M | 377.57M | 374.08M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 101.21M | 101.48M | 109.71M | 103.78M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | 64.76M | 87.12M | 83.05M | 75.54M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | 1.55M | 2.71M | 2.69M | 2.56M |
| Net Income | - | - | - | 26.67M | 33.73M | 51.46M | 62.65M | 65.60M | 49.45M | -16.71M | - | 40.64M | 53.24M | 51.64M | 47.60M |
| Diluted EPS | - | - | - | 0.27 | 0.29 | 0.38 | 0.39 | 0.39 | 0.28 | -0.10 | - | 0.22 | 0.30 | 0.28 | 0.25 |
Compounded Sales Growth
| 5 Years: | 2.79% |
| 1 Year: | 4.90% |
Compounded Profit Growth
| 5 Years: | 5.41% |
| 1 Year: | -86.80% |
Stock Price Performance
| 1 Year: | -23.67% |
| 6 Months: | -16.34% |
| 3 Months: | -1.90% |
| 1 Month: | +1.96% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Oct 2013 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 975.67M | 1.03B | 2.46B | 3.28B | 3.30B | 3.89B | 3.93B | 4.20B | 3.93B | 4.15B | - | 4.16B | 4.22B | 4.51B | 4.47B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | 614.51M | 702.42M | 878.90M | 443.84M |
| Cash & Equivalents | - | - | 116.96M | 60.74M | 45.73M | 46.69M | 554.37M | 464.34M | 204.98M | 233.95M | 526.71M | - | 264.43M | 346.62M | 385.46M | 132.66M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | 24.10M | 39.84M | 31.43M | 22.06M |
| Total Liabilities | - | - | - | 1.47B | 1.90B | 1.93B | 1.91B | 1.95B | 2.20B | 1.98B | 2.42B | - | 2.48B | 2.49B | 2.73B | 2.65B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | 551.54M | 559.25M | 766.49M | 661.81M |
| Long Term Debt | - | - | - | 883.11M | 899.00M | 747.66M | 759.02M | 717.16M | 608.57M | - | - | - | 1.86B | 1.85B | 1.89B | 1.89B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | 2.27B | 2.27B | 2.48B | 2.40B |
| Total Equity | 1.29M | - | - | 385.16M | 468.64M | 524.73M | 1.15B | 1.17B | 1.24B | 1.23B | 1.06B | - | 954.38M | 985.52M | 1.03B | 1.06B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 161.13M | 163.05M | 167.38M | 170.50M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 138.56M | 203.19M | 214.75M | 194.20M | 279.02M | 232.59M | 182.29M | - | 211.17M | 232.49M | 260.89M | 249.05M |
| Investing Cash Flow | -299.06M | -142.32M | -182.38M | -223.01M | -643.02M | 149.74M | -143.12M | - | -230.89M | -77.34M | -397.12M | -550.01M |
| Financing Cash Flow | 145.49M | -59.92M | 470.94M | -56.88M | 104.62M | -381.55M | 257.17M | - | -140.24M | -62.87M | 158.58M | 38.17M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | 211.17M | 232.49M | 260.89M | 249.05M |
| Net Change in Cash | - | - | - | - | - | - | - | - | -159.96M | 92.28M | 22.35M | -262.79M |
| Share Buybacks | - | - | - | - | 0 | 0 | 143.71M | 46.70M | 90.18M | 13.11M | 0 | 8.12M |
| Dividends Paid | 33.60M | 39.18M | 55.81M | 66.79M | 70.85M | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | 54.5% | 54.2% | 53.6% | 52.5% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | 15.1% | 19.8% | 20.2% | 17.6% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | 5.7% | 7.2% | 6.8% | 6.2% |
| ROE % | - | - | - | 5.7% | 6.4% | 4.5% | 5.4% | 5.3% | 4.0% | -1.6% | - | 4.3% | 5.4% | 5.0% | 4.5% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | 3.0% | 4.0% | 4.1% | 3.6% |
Shareholding Pattern
Insiders
0.08%
Institutions
103.60%
Public Float
103.69%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.84% | 16.88M | $96.71M |
| 2 | Ameriprise Financial, Inc. | 7.33% | 12.56M | $72.00M |
| 3 | Vanguard Portfolio Management LLC | 7.21% | 12.36M | $70.81M |
| 4 | Cohen & Steers Inc. | 6.16% | 10.56M | $60.50M |
| 5 | LaSalle Investment Management Securities LLC | 5.28% | 9.06M | $51.91M |
| 6 | Southeastern Asset Management Inc/TN/ | 3.78% | 6.47M | $37.09M |
| 7 | Vanguard Capital Management LLC | 3.50% | 5.99M | $34.34M |
| 8 | State Street Corporation | 3.50% | 6.00M | $34.38M |
| 9 | Sumitomo Mitsui Trust Group, Inc. | 2.86% | 4.91M | $28.11M |
| 10 | Geode Capital Management, LLC | 2.12% | 3.63M | $20.78M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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