YOLFTbeta
Empire State Realty Trust Inc

Empire State Realty Trust Inc

ESRT · NYSE · Real Estate / REIT - Diversified

5.30USD+0.08 (+1.53%)

Price History

Full chart

Market Stats

Previous Close5.22
Open5.26
Day Range5.23 – 5.31
52-Week Range3.93 – 7.83
Volume1.95M
Market Cap1.27B
P/E (TTM)208.00
Forward P/E129.87
EPS0.02
Dividend Yield3.39%
Beta1.37
50-Day Avg4.77
200-Day Avg5.56

About

Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2026, ESRT's portfolio is comprised of approximately 7.5 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 in Maryland and is based in New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Anthony E. Malkin
  • Employees642
  • Headquarters111 West 33rd Street, New York, NY, United States, 10120-1220, USA
  • Websitehttps://www.esrtreit.com

Leadership

  • Mr. Anthony E. MalkinChairman & CEO · b. 1962
  • Ms. Christina ChiuPresident · b. 1981
  • Mr. Stephen V. HornExecutive VP & Chief Financial Officer · b. 1987
  • Mr. Thomas P. DurelsConsultant · b. 1962
  • Ms. Donna Jean SutherlandSenior VP, Chief Accounting Officer & Principal Accounting Officer · b. 1988
  • Mr. Sandy JacolowSenior VP & CTO
  • Mr. Joshua H. AttieHead of Investor Relations
  • Ms. Abigail RickardsSenior VP & Chief Marketing Officer
  • Ms. Samantha HutsonSenior Vice President of Human Resources
  • Mr. Ryan KassExecutive VP, Co-Head & Chief Revenue Officer of Real Estate

Financials

Income Statement

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue268.80M232.31M246.54M294.79M260.29M311.85M635.33M657.63M678.00M712.47M731.51M731.34M609.23M607.86M707.01M739.57M763.15M768.27M
Growth (%)--13.57%+6.13%+19.57%-11.70%+19.81%+103.73%+3.51%+3.10%+5.08%+2.67%-0.02%-16.70%-0.22%+16.31%+4.61%+3.19%+0.67%
Cost of Revenue80.15M87.79M87.94M86.26M105.70M145.44M306.15M296.52M289.07M305.60M319.47M333.99M291.11M279.49M321.35M528.93M354.16M754.54M
Gross Profit188.64M144.53M158.60M208.53M154.59M166.41M329.17M361.11M388.93M406.87M412.04M397.36M318.12M328.38M385.65M210.65M408.99M13.73M
Gross Margin70.18%62.21%64.33%70.74%59.39%53.36%51.81%54.91%57.36%57.11%56.33%54.33%52.22%54.02%54.55%28.48%53.59%1.79%
Operating Expense100.68M62.75M75.55M100.28M65.90M229.97M187.85M209.74M204.39M211.03M221.18M242.65M259.45M249.25M258.63M63.94M250.28M-121.92M
Operating Income87.96M81.78M83.06M108.25M88.69M-63.56M141.32M151.37M184.54M195.84M190.86M154.71M58.66M79.13M127.03M146.71M158.71M135.65M
Operating Margin32.72%35.20%33.69%36.72%34.07%-20.38%22.24%23.02%27.22%27.49%26.09%21.15%9.63%13.02%17.97%19.84%20.80%17.66%
EBITDA116.12M112.64M116.29M149.85M131.38M285.22M286.75M323.04M339.20M354.11M359.37M355.38M251.05M281.43M382.86M336.62M377.57M374.08M
EBITDA Margin43.20%48.48%47.17%50.83%50.47%91.46%45.13%49.12%50.03%49.70%49.13%48.59%41.21%46.30%54.15%45.52%49.48%48.69%
Net Income52.72M41.84M46.12M57.40M48.64M38.01M27.14M34.67M52.39M63.58M66.54M51.19M-12.52M-6.51M40.64M53.24M51.64M47.60M
Net Income Margin19.61%18.01%18.71%19.47%18.69%12.19%4.27%5.27%7.73%8.92%9.10%7.00%-2.05%-1.07%5.75%7.20%6.77%6.20%
R&D-----0000.170.180.170.120.050.020.090.12--
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense48.66M50.74M52.26M54.75M54.39M63.81M66.46M65.74M71.15M68.47M79.62M79.25M89.91M94.39M101.21M109.30M109.71M103.78M
Interest Expense % of Total Revenue18.10%21.84%21.20%18.57%20.90%20.46%10.46%10.00%10.49%9.61%10.88%10.84%14.76%15.53%14.31%14.78%14.38%13.51%

Balance Sheet

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-890.60M904.54M1.01B1.05B2.48B3.30B3.30B3.89B3.93B4.20B3.93B4.15B4.28B4.16B4.22B4.51B4.47B
Total Liabilities-908.86M915.29M1.00B1.06B1.47B1.92B1.93B1.91B1.95B2.20B1.98B2.42B2.60B2.48B2.49B2.73B2.65B
Total Equity--18.26M-10.76M1.29M-10.86M1.00B1.38B1.37B1.98B1.98B1.99B1.23B1.06B998.13M954.38M1.73B1.03B1.06B
Cash-94.09M88.03M86.32M51.50M60.74M45.73M46.69M554.37M464.34M204.98M233.95M526.71M423.69M264.43M406.96M385.46M166.51M
Total Debt-871.64M869.06M939.71M996.49M1.21B1.61B1.63B1.64B1.77B2.01B1.70B2.17B2.34B2.27B2.27B2.48B2.44B
Net Debt-777.55M781.03M853.39M944.99M1.15B1.57B1.59B1.06B1.22B1.71B1.46B1.64B1.92B2.01B1.86B2.10B2.27B

Cash Flow

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow75.41M58.51M74.38M50.53M94.35M-58.55M138.56M203.19M214.75M194.20M279.02M232.59M182.29M212.49M211.17M232.49M260.89M249.05M
Investing Cash Flow-13.77M-38.62M-34.84M-60.53M-108.28M-676.76M-299.06M-142.32M-181.84M-224.60M-643.02M149.74M-143.12M-212.74M-230.89M--397.12M-550.01M
Financing Cash Flow-65.82M-5.04M-45.60M18.57M-20.89M744.55M145.49M-59.92M470.94M-56.88M104.62M-381.55M257.17M-93.05M-140.24M-62.87M158.58M38.17M
Capital Expenditure5.93M40.18M12.19M60.58M0675.91M308.40M142.20M182.38M223.01M243.02M250.26M143.12M212.74M126.27M139.33M0198.50M
Free Cash Flow69.48M18.33M62.19M-10.05M94.35M-745.82M-169.84M60.99M36.21M-31.56M36.00M232.59M182.29M212.49M211.17M93.16M260.89M50.55M
Dividends Paid67.41M48.83M40.67M46.69M62.90M162.71M34.07M40.12M56.75M67.72M71.79M76.94M41.38M22.31M27.31M26.89M27.42M27.93M
FCF to OCF92.14%31.33%83.61%-19.90%100.00%1273.90%-122.58%30.02%16.86%-16.25%12.90%100.00%100.00%100.00%100.00%40.07%100.00%20.30%
Dividend Paid to FCF97.02%266.37%65.40%-464.36%66.67%-21.82%-20.06%65.78%156.73%-214.60%199.42%33.08%22.70%10.50%12.93%28.86%10.51%55.24%

Earnings

Report DateNov 12, 2013Feb 27, 2014May 6, 2014Jul 31, 2014Oct 29, 2014Feb 25, 2015Apr 28, 2015Jul 29, 2015Oct 28, 2015Feb 22, 2016Apr 27, 2016Jul 27, 2016Nov 2, 2016Feb 22, 2017Apr 26, 2017Jul 26, 2017Oct 31, 2017Feb 21, 2018Apr 25, 2018Jul 25, 2018Oct 31, 2018Feb 20, 2019Apr 24, 2019Jul 24, 2019Oct 23, 2019Feb 19, 2020Apr 22, 2020Jul 29, 2020Oct 28, 2020Feb 17, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 16, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 15, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Feb 20, 2024Apr 24, 2024Jul 24, 2024Oct 21, 2024Feb 18, 2025Apr 22, 2025Jul 22, 2025Oct 29, 2025Feb 25, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate0.200.100.11------0.180.200.260.260.230.200.240.130.160.060.100.100.070.030.080.120.060.01-0.04-0.02-0.01-0.04-0.010.03-0.08-0.070.040.060.06-0.030.020.010.06-0.000.040.05---0.000.000.00--
EPS Actual0.02-1.140.050.100.090.040.030.100.100.070.220.240.120.110.060.100.120.110.060.100.100.130.030.060.090.090.02-0.04-0.050.17-0.020.01-0.040.02-0.070.180.030.080.040.140.070.060.030.100.080.040.030.020.030.070.000.21-
Surprise-88.05%-1240.00%-54.55%-------61.11%7.68%-6.51%-54.36%-51.92%-70.00%-58.83%-7.69%-31.25%0.00%0.00%0.00%85.71%0.00%-25.00%-25.00%50.00%100.00%0.00%-150.00%1800.00%50.00%200.00%-233.33%125.00%0.00%350.00%-50.00%33.33%233.33%600.00%600.00%0.00%1009.09%150.00%60.00%--------
Timing-After-hours-----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hours--After-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.27B
Enterprise Value2.86B
Trailing P/E208.00
Forward P/E129.87
PEG Ratio37.36
Price / Sales1.63
Price / Book0.69
EPS0.02
Book Value6.01
Revenue (TTM)782.82M
Gross Profit (TTM)409.46M
EBITDA320.08M
Profit Margin0.93%
Operating Margin16.73%
Return on Equity0.52%
Return on Assets2.05%
Shares Outstanding172.17M
Shares Float142.13M
Beta1.37
Dividend Yield3.39%
Dividend Rate0.14
Payout Ratio44.18%

Analyst Ratings

Hold
Based on 7 analystsTarget 5.40
  • Strong Buy
    1
  • Buy
    2
  • Hold
    3
  • Strong Sell
    1

Ownership Breakdown

Institutions
102.30%
Insiders
0.08%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    16.88M9.75%
  • LaSalle Investment Management Securities LLC
    13.11M7.57%
  • Ameriprise Financial Inc
    12.56M7.26%
  • Vanguard Portfolio Management, LLC
    12.36M7.14%
  • Sumitomo Mitsui Trust Group Inc
    6.91M3.99%
  • Southeastern Asset Management Inc
    6.47M3.74%
  • State Street Corp
    6.00M3.47%
  • Vanguard Capital Management, LLC
    5.99M3.46%
  • Geode Capital Management, LLC
    3.63M2.10%
  • CenterSquare Investment Management LLC
    3.58M2.07%
  • Charles Schwab Investment Management Inc
    3.27M1.89%
  • Legal & General Group PLC
    2.90M1.68%
  • T. Rowe Price Investment Management,Inc.
    2.79M1.61%

Top Fund Holders

  • Longleaf Partners Small-Cap
    8.68M5.01%
  • CT (Lux) American Smaller Com 9U USD
    6.91M3.99%
  • Vanguard Real Estate Index Investor
    5.32M3.07%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.31M2.49%
  • CT American Smaller Coms(US) InstAccGBP
    4.13M2.39%
  • iShares Russell 2000 ETF
    3.72M2.15%
  • Vanguard Small Cap Index
    3.15M1.82%

Dividends

20263×
0.04Sep 15, 20260.04Jun 15, 20260.04Mar 13, 2026
20254×
0.04Dec 15, 20250.04Sep 15, 20250.04Jun 13, 20250.04Mar 14, 2025
20244×
0.04Dec 16, 20240.04Sep 16, 20240.04Jun 14, 20240.04Mar 14, 2024
20234×
0.04Dec 15, 20230.04Sep 14, 20230.04Jun 14, 20230.04Mar 14, 2023
20224×
0.04Dec 16, 20220.04Sep 14, 20220.04Jun 14, 20220.04Mar 14, 2022
20213×
0.04Dec 17, 20210.04Sep 14, 20210.04Jun 14, 2021
20202×
0.10Jun 18, 20200.10Mar 13, 2020