Empire State Realty Trust, Inc. (ESRT)
| Market Cap | 1.63B |
| Revenue (ttm) | 767.81M |
| Net Income (ttm) | 43.40M |
| Shares Out | 277.72M |
| EPS (ttm) | 0.25 |
| PE Ratio | 23.52 |
| Forward PE | 66.35 |
| Dividend | $0.14 (2.31%) |
| Ex-Dividend Date | Mar 13, 2026 |
| Volume | 2,365,092 |
| Open | 6.01 |
| Previous Close | 6.05 |
| Day's Range | 5.86 - 6.10 |
| 52-Week Range | 5.86 - 9.29 |
| Beta | 1.36 |
| Analysts | Hold |
| Price Target | 6.93 (+17.86%) |
| Earnings Date | Feb 17, 2026 |
About ESRT
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 December 31, 2025, ESRT’s operating portfolio is comprised of approximately 7.6 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. The Company also owns two properties that are being r... [Read more]
Financial Performance
In 2025, Empire State Realty Trust's revenue was $767.81 million, an increase of 0.61% compared to the previous year's $763.15 million. Earnings were $43.40 million, a decrease of -8.52%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for ESRT stock is "Hold." The 12-month stock price target is $6.93, which is an increase of 17.86% from the latest price.
News
Empire State Realty Trust to Present at Citi's 31st Annual Global Property CEO Conference
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Anthony E. Malkin, Chairman and Chief Executive Officer, and Christina Chiu, President, wi...
Empire State Realty Trust Achieves WELL Health-Safety Leadership Award for Second Consecutive Year and Healthy Building Catalyst Award
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it received the 2025 International WELL Building Institute (IWBI) WELL Health Safety Leadership award, for ...
Empire State Realty Trust Announces Dividend for First 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 first quarter o...
Empire State Realty Trust, Inc. (ESRT) Q4 2025 Earnings Call Transcript
Empire State Realty Trust, Inc. (ESRT) Q4 2025 Earnings Call Transcript
TJ Maxx and JP Morgan Chase Bank Renew Long-Term Retail Leases With Empire State Realty Trust Which Total 68,120 Square Feet
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed long-term renewal leases with TJ Maxx and JP Morgan Chase Bank for retail spaces for 46,437 and 2...
Burlington Stores, Inc. Expands Space and Renews Lease to Occupy 206,392 Square Feet at 1400 Broadway; Nespresso Renews 41,835 Square Foot Lease at 111 W. 33rd Street
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two renewal leases and one expansion with Burlington Stores, Inc. and Nespresso at two of its pre...
Empire State Realty Trust Announces Fourth Quarter and Full Year 2025 Results
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located o...
Empire State Realty Trust Announces 2025 Tax Treatment of Its Distributions
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced the 2025 tax treatment of its Class A common stock distributions, as described below. The follo...
The World's Most Romantic Building: ESB Celebrates Valentine's Day 2026 with NYC's Most Extravagant Date Night, Romantic Paint ‘n Pour Classes, ‘Sleepless in Seattle' Screenings, Proposal Package, and More
NEW YORK--(BUSINESS WIRE)--Love is in the air at the “World's Most Romantic Building.” The Empire State Building (ESB) today announced its romantic Valentine's Day plans for couples in NYC, which incl...
Empire State Realty: Strong Observatory Operations, Attractive Upside Potential
Empire State Realty Trust, Inc. owns premier real estate in the New York City market. Included in its portfolio is the Empire State Building and its associated Observatory operations. The Observatory ...
Longleaf Partners Small-Cap Fund Q4 2025 Portfolio Activity, Contributors & Detractors
A combination of attractive tax attributes from the spin and a business that will be producing significant FCF in the near term which could allow GCI to be the next iteration of Liberty Media (FWONA)....
Empire State Realty Trust Announces Dates for Fourth Quarter 2025 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 fourth quarter 2025 financial results on Tuesday, February 17, 2026, a...
Newmark Advises Scholastic on $386 Million Sale-Leaseback of New York City Headquarters
NEW YORK , Dec. 19, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, ...
The State Of REITs: December 2025 Edition
The REIT sector returned to positive territory in November (+1.02%) after back-to-back months in the red. Mid caps (+3.53%) led the REIT sector in November followed by small caps (+3.38%) and large ca...
Empire State Building Sets New Standard as First LEED v5 Platinum Certified Building in New York State
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that the Empire State Building has achieved Leadership in Energy and Environmental Design (LEED) Platinum certif...
Empire State Realty Trust Announces Dividend for Fourth Quarter 2025
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 fourth quarter ...
Empire State Realty Trust Announces Acquisition of the Scholastic Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), announced that it has agreed to acquire 555-557 Broadway (the “Scholastic Building”) for $386 million. The prop...
Scholastic Unlocks Significant Value Through Sale-Leasebacks of Owned Real Estate Assets
Binding Agreements Signed for Sale of New York City Headquarters and Jefferson City, Missouri Distribution Center Transactions Expected to Generate $401 Million in Estimated Net Proceeds to Be Deploye...
Empire State Realty Trust Signs HOKA and Tecovas on N. Sixth Street in Williamsburg, Brooklyn
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced that it signed two new retail leases with HOKA and Tecovas for a total of 8,322 square feet to join ESRT's North Sixth...
Gerson Lehrman Group, Inc. to Expand 18,230 Square Feet at One Grand Central Place for a Total 95,612 Square Foot Space
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced that it signed an 18,230 square foot expansion lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global in...
The Empire State Building Holiday Celebrations Include: Radio City Rockettes 100th Anniversary Exhibits, Visits from Santa, Holiday Décor, Movie Screenings, Pop-ups, Lightings, and More
NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) today announced its Holiday Celebration plans include: holiday décor, classic movie screenings, local pop-ups, festive tower lightings, and a...
Empire State Realty Trust Might Be Overly Discounted
Empire State Realty Trust is trading at an 8.8x multiple against the midpoint of its core FFO guidance for fiscal 2025. This is 24% lower than recently acquired peer PGRE. The Manhattan office-focused...
The Empire State Building Ushers in Autumn with an Iconic NYC Pop-Up, Festive Photo Corner, Special Tower Lighting, Exclusive Ticket Offer, and Visit from Halloween Queen Heidi Klum
NEW YORK--(BUSINESS WIRE)--Trick-or-Treat! The Empire State Building (ESB) today announced details for its fall and Halloween festivities with an iconic pop-up, special tower lighting, fall photo corn...
Empire State Realty Trust, Inc. (ESRT) Q3 2025 Earnings Call Transcript
Empire State Realty Trust, Inc. ( ESRT) Q3 2025 Earnings Call October 30, 2025 12:00 PM EDT Company Participants Heather Lawson - Senior VP, Chief Counsel, Corporate & Secretary Anthony Malkin - Chai...