Empire State Realty Trust/$ESRT
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About Empire State Realty Trust
Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.
Ticker
$ESRT
Sector
Primary listing
NYSE
Employees
667
Headquarters
Website
ESRT Metrics
BasicAdvanced
$1.3B
32.22
$0.23
1.79
$0.14
1.86%
Price and volume
Market cap
$1.3B
Beta
1.79
52-week high
$9.29
52-week low
$6.56
Average daily volume
1.3M
Dividend rate
$0.14
Financial strength
Current ratio
4.027
Quick ratio
3.624
Long term debt to equity
116.571
Total debt to equity
116.572
Dividend payout ratio (TTM)
61.97%
Interest coverage (TTM)
1.34%
Profitability
EBITDA (TTM)
320.136
Gross margin (TTM)
52.92%
Net profit margin (TTM)
5.85%
Operating margin (TTM)
19.49%
Effective tax rate (TTM)
3.44%
Revenue per employee (TTM)
$1,140,000
Management effectiveness
Return on assets (TTM)
2.19%
Return on equity (TTM)
3.88%
Valuation
Price to earnings (TTM)
32.219
Price to revenue (TTM)
1.64
Price to book
0.71
Price to tangible book (TTM)
1.29
Price to free cash flow (TTM)
4.844
Free cash flow yield (TTM)
20.64%
Free cash flow per share (TTM)
1.55
Dividend yield (TTM)
1.86%
Forward dividend yield
1.86%
Growth
Revenue change (TTM)
1.08%
Earnings per share change (TTM)
-8.92%
3-year revenue growth (CAGR)
5.21%
10-year revenue growth (CAGR)
1.51%
3-year earnings per share growth (CAGR)
71.82%
10-year earnings per share growth (CAGR)
-0.76%
10-year dividend per share growth (CAGR)
-8.49%
Bulls say / Bears say
Manhattan office leased rate rose sequentially by 80 basis points to 93.8% as of June 30, 2025, reflecting strengthening demand and occupancy across ESRT’s core Manhattan portfolio (ESRT Q2 2025 Report)
ESRT achieved a blended leasing spread of +12.1% on 221,776 sq ft of Manhattan office leases in Q2 2025, marking the 16th consecutive quarter of positive leasing spreads and supporting rent roll growth (ESRT Q2 2025 Report)
The company entered Q3 2025 with $0.7 billion of liquidity, including $620 million undrawn on its revolving credit facility, and no floating rate debt exposure, bolstering financial flexibility ahead of maturities (ESRT Q2 2025 Report)
Same-Store Property Cash NOI, excluding lease termination fees, declined 5.9% year-over-year in Q2 2025, signaling pressure on operating margins from higher real estate taxes and property expenses (ESRT Q2 2025 Report)
Empire State Realty Trust’s net debt to adjusted EBITDA ratio stood at 5.6x as of June 30, 2025, underscoring elevated leverage and heightening refinancing risk in a rising interest rate environment (ESRT Q2 2025 Report)
Manhattan office vacancy remains elevated at 12.7%, up from the pre-pandemic 8.2%, limiting upside in rent growth and leasing momentum for ESRT’s core portfolio (FT)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2025.
ESRT News
AllArticlesVideos
Empire State Realty Trust Announces Dates for Third Quarter 2025 Earnings Release and Conference Call
Business Wire2 days ago
Empire State Realty Trust Announces Dividend for Third Quarter 2025
Business Wire1 month ago
Empire State Realty Trust CEO: International demand was lower than expected
CNBC Television2 months ago
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Capital at risk
Upcoming events
Sept30
Empire State Realty Trust
DividendPayment
$0.035Per share
FAQs
What’s the current market cap for Empire State Realty Trust stock?
Empire State Realty Trust (ESRT) has a market cap of $1.3B as of September 19, 2025.
What is the P/E ratio for Empire State Realty Trust stock?
The price to earnings (P/E) ratio for Empire State Realty Trust (ESRT) stock is 32.22 as of September 19, 2025.
Does Empire State Realty Trust stock pay dividends?
Yes, the Empire State Realty Trust (ESRT) stock pays dividends to shareholders. As of September 19, 2025, the dividend rate is $0.14 and the yield is 1.86%. Empire State Realty Trust has a payout ratio of 61.97% on a trailing twelve-month basis.
When is the next Empire State Realty Trust dividend payment date?
The next Empire State Realty Trust (ESRT) dividend payment is scheduled for September 30, 2025.
What is the beta indicator for Empire State Realty Trust?
Empire State Realty Trust (ESRT) has a beta rating of 1.79. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.