Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc.

ESRT
Empire State Realty Trust, Inc.US flagNew York Stock Exchange
5.38
USD
-0.32
- -
922.45MMarket Cap
Empire State Realty Trust, Inc.
ESRT
(New York Stock Exchange)

Recent

price

5.38

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.69
3.22
2.84
3.49
6.49
5.76
5
4.39
4.24
4.08
3.42
3.52
4.28
4.59
4.63
4.56
4.59
Revenue per Share
0.49
0.63
0.53
0.4
0.27
0.3
0.38
0.4
0.39
0.28
-0.1
-0.06
0.22
0.3
0.29
0.26
0.21
Basic EPS, GAAP
0.67
-0.14
1.03
-0.61
1.41
1.78
1.6
1.23
1.67
1.3
1.04
1.23
1.28
1.44
1.58
1.48
1.39
Free Cash Flow per Basic Share
0.44
0.51
0.69
1.7
0.35
0.35
0.42
0.43
0.43
0.43
0.24
0.13
0.17
0.17
0.17
0.17
0.17
Dividend per Share
- -
- -
- -
0.72
0.63
0.49
0.39
0.31
0.26
0.1
-0.37
-0.76
-0.65
-0.51
-0.35
-0.23
-0.25
Book Value per Share
-0.12
0.01
-0.12
2.09
5
4.35
8.33
7.06
6.8
6.19
5.11
4.96
5.23
5.7
5.93
6.08
6.08
Tangible Book Value per Share
92
92
92
96
98
114
134
158
168
178
175
172
165
161
165
169
169
Basic Weighted Avg Shares
247
295
260
334
635
658
670
696
711
727
600
608
707
740
763
768
777
Sales/Revenue/Turnover
33.36
36.72
34.07
22.35
22.78
23.05
26.33
25.77
23.92
20.68
9.24
11.62
15.13
19.84
20.17
17.61
17.7
Operating Margin (%)
36
36
43
66
145
171
155
161
169
189
191
202
217
190
185
195
196
Depreciation Expense
45
57
49
38
27
35
52
64
67
51
-13
-7
41
53
52
48
40
Net Income, GAAP
- -
- -
- -
- -
6.22
4.71
5.42
5.34
3.81
2.8
- -
- -
2.39
3.12
3.24
3.39
3.39
Effective Tax Rate (%)
18.38
19.47
18.69
11.39
4.27
5.27
7.82
9.14
9.36
7.04
-2.09
-1.07
5.75
7.2
6.77
6.2
5.1
Profit Margin (%)
159
180
151
136
156
-99
421
383
531
116
319
150
63
143
112
-218
-205
Working Capital
869
940
996
1,208
1,599
1,370
1,349
1,425
1,655
1,433
1,778
1,951
1,886
1,880
1,917
1,918
1,920
LT Debt
-11
1
-11
1,003
1,381
1,373
1,983
1,978
1,991
1,948
1,731
1,684
1,683
1,731
1,782
1,822
1,824
Total Equity
9.61
12.04
9.21
- -
5.23
4.83
5.06
4.68
4.32
3.87
- -
- -
2.62
3.57
3.6
3.08
3.3
Return on Invested Capital (%)
11.21
12.4
10.7
- -
2.07
2.03
2.56
2.93
3.51
3.69
- -
- -
4.04
4.13
4.22
3.89
4.1
Return on Capital (%)
- -
- -
- -
110.83
40.91
57.05
94.48
124.25
143.18
162.53
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
269
482
427
LT Borrowings
1,789
1,890
1,892
LT Finance Leases
28
28
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
170
170
172
Market Capitalization
1,289
1,098
880

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
484
444
391
Cash, Cash Equivalents & STI
154
133
69
Accounts Receivable, Net
27
22
24
Inventories
- -
- -
- -
Total Current Liabilities
445
662
596
Payables & Accruals
112
120
112
ST Debt
269
482
427
Deferred Revenue
64
60
58

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.69%
1.05%
2.26%
Free Cash Flow
3.52%
6.74%
-4.54%
Net Income, GAAP
-82.25%
-150.43%
-7.83%
Sales/Revenue/Turnover
1.87%
5.21%
0.61%
Total Cash Common Dividend
0.28%
-4.2%
2.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
181
190
195
198
763
2025
180
191
198
199
768
2026
189
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.1
0.08
- -
0.29
2025
0.06
0.04
0.05
0.12
0.26
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.04
- -
0.17
2025
0.04
0.04
0.04
0.04
0.17
2026
0.04
- -
- -
- -
- -
Business
Empire State Realty Trust, Inc. Empire State Realty Trust, Inc. (NYSE: ESRT) operates as a New York City-focused real estate investment trust that owns, manages, operates, acquires, repositions, and develops modernized office, retail, and multifamily properties in Manhattan and the greater New York metropolitan area, including its flagship Empire State Building, the World's Most Famous Building; the portfolio encompasses approximately 7.8 million rentable square feet of office space across 10 properties primarily in midtown Manhattan, 0.8 million rentable square feet of retail space, and 743 multifamily residential units; key offerings include the Empire State Building Observatory on the 86th and 102nd floors generating significant visitor revenue, ESRT TurnKey Suites providing pre-built, move-in-ready office solutions with architectural design, furniture, IT services, and relocation support, flexible shared office spaces under the ESpaces brand for startups and small businesses, and exclusive tenant amenities such as the 65,000-square-foot Empire State Building Club Level featuring workspaces, networking areas, fitness, and entertainment facilities. Headquartered in New York City, the company traces its modern origins to a 2011 restructuring and completed its initial public offering in 2013, raising approximately $929.5 million to fuel growth; it maintains leadership in sustainability and indoor environmental quality, having achieved carbon neutrality for its 9.9 million-square-foot commercial portfolio through energy retrofits reducing Empire State Building emissions by 54% and portfolio-wide by 43%, ENERGY STAR certifications on 92% of its New York City assets, and initiatives like rooftop beehives with Alvéole and forest preservation offsets. Recent developments include the June 2025 acquisition of the North 6th Street Collection multifamily property in Williamsburg, a $175 million private placement of 5.47% five-year senior unsecured notes in October 2025 maturing in 2031, an 18,230-square-foot expansion lease in November 2025 with Gerson Lehrman Group, Inc. at One Grand Central Place following its April renewal for a total of 95,612 square feet, multiple early tenant renewals and expansions in 2024-2025 such as Booking Holdings doubling its space and over 450,000 square feet of proactive leasing activity, post-third quarter 2025 leases covering 50,000 square feet, and the Empire State Building Observatory earning aRESB 5-Star rating for the second consecutive year while ranking as New York City's top attraction in Tripadvisor's 2025 awards.

Company News

APIChat
  • Empire State Realty Trust Named as a 2026 Platinum Green Lease Leader by the Department of Energy's Better Buildings Alliance and the Institute for Market Transformation

  • Empire State Realty Trust Announces Disposition of 250 West 57th Street and Strengthens Ownership of Broadway Campus Assets

  • Empire State Realty Trust to Present at The Nareit REITweek 2026 Investor Conference

  • Empire State Realty Trust Announces Dividend for Second Quarter 2026

  • REITs Excel, Earnings Swell, Fed Rebels

  • The Empire State Building Celebrates 95 Years as the ‘World's Most Famous Building'

  • Empire State Realty Trust, Inc. (ESRT) Q1 2026 Earnings Call Transcript

  • Empire State Realty Trust Announces First Quarter 2026 Results

  • Empire State Realty Trust Unveils New Rooftop Lounge Tenant Amenity at 1333 Broadway

  • Empire State Realty Trust Publishes 2025 Sustainability Report With Major Achievements, Targets, and Metrics

  • Longleaf Partners Small-Cap Fund Q1 2026 Portfolio Review

  • When No One Shows Up, Opportunity Does: The Office REIT Reset

  • A Fragile Truce

  • The Empire State Building To Celebrate Its 95th Anniversary With a Sweet New Pop-Up Experience From Ghirardelli

  • Empire State Realty: Positive Leasing Spreads On Healthy Manhattan Office Market

  • Empire State Realty Trust Announces Acquisition and Financing Transactions Within Its NYC Retail Portfolio

  • Spring is in Full Bloom at the Empire State Building with New Festive Experiences, Sweet Treats, and Seasonal Tower Lighting

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

  • What Active REIT Managers Bought And Sold In Q4 2025

  • Brookfield Infrastructure Partners (NYSE:BIP) and Empire State Realty Trust (NYSE:ESRT) Critical Contrast