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
Industry
Office REITs
Headquarters
Employees
667
ISIN
US2921041065
Website
ESRT Metrics
BasicAdvanced
$1.3B
26.35
$0.30
1.62
$0.14
1.75%
Price and volume
Market cap
$1.3B
Beta
1.62
52-week high
$9.29
52-week low
$6.56
Average daily volume
1.8M
Dividend rate
$0.14
Financial strength
Current ratio
3.854
Quick ratio
3.49
Long term debt to equity
116.74
Total debt to equity
116.804
Dividend payout ratio (TTM)
49.88%
Interest coverage (TTM)
1.37%
Profitability
EBITDA (TTM)
324.27
Gross margin (TTM)
53.46%
Net profit margin (TTM)
7.24%
Operating margin (TTM)
20.13%
Effective tax rate (TTM)
3.07%
Revenue per employee (TTM)
$1,140,000
Management effectiveness
Return on assets (TTM)
2.31%
Return on equity (TTM)
4.89%
Valuation
Price to earnings (TTM)
26.352
Price to revenue (TTM)
1.739
Price to book
1.3
Price to tangible book (TTM)
1.36
Price to free cash flow (TTM)
4.927
Free cash flow yield (TTM)
20.30%
Free cash flow per share (TTM)
162.17%
Dividend yield (TTM)
1.75%
Forward dividend yield
1.75%
Growth
Revenue change (TTM)
0.78%
Earnings per share change (TTM)
2.53%
3-year revenue growth (CAGR)
6.73%
10-year revenue growth (CAGR)
1.65%
3-year earnings per share growth (CAGR)
18.56%
10-year earnings per share growth (CAGR)
1.93%
10-year dividend per share growth (CAGR)
-8.49%
Bulls say / Bears say
Empire State Realty Trust (ESRT) achieved a net income of $0.08 per share in Q3 2024, surpassing analyst estimates and indicating strong financial performance. (businesswire.com)
The company's Manhattan office portfolio leased rate increased to 94.2% as of December 31, 2024, marking the 12th consecutive quarter of positive absorption. (businesswire.com)
ESRT's Empire State Building Observatory generated a 6.0% year-over-year growth in net operating income for Q4 2024, reflecting its continued popularity and revenue contribution. (businesswire.com)
In Q4 2024, ESRT's Same-Store Property Cash Net Operating Income decreased by 2.9% year-over-year, primarily due to a reduction in non-recurring revenue items and increased operating expenses. (businesswire.com)
The company's net income for the nine months ended September 30, 2024, was $58.41 million, down 10.6% year-over-year, primarily due to higher interest expenses and a loss on early extinguishment of debt. (beyondspx.com)
ESRT faced a foreclosure on First Stamford Place in Q3 2024, indicating potential challenges in certain segments of its portfolio. (ainvest.com)
Data summarised monthly by Lightyear AI. Last updated on 6 Jun 2025.
ESRT News
AllArticlesVideos
Empire State Realty Trust Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
Business Wire·2 weeks ago
Empire State Realty Trust To Present At The Nareit REITweek 2025 Investor Conference
Business Wire·4 weeks ago
Empire State Realty Trust Announces Dividend for Second Quarter 2025
Business Wire·1 month ago
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Capital at risk
Upcoming events
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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 June 28, 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 26.35 as of June 28, 2025.
Does Empire State Realty Trust stock pay dividends?
Yes, the Empire State Realty Trust (ESRT) stock pays dividends to shareholders. As of June 28, 2025, the dividend rate is $0.14 and the yield is 1.75%. Empire State Realty Trust has a payout ratio of 49.88% 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 date is unconfirmed.
What is the beta indicator for Empire State Realty Trust?
Empire State Realty Trust (ESRT) has a beta rating of 1.62. 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.