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
$1.4B
27.25
$0.30
1.62
$0.14
1.70%
Price and volume
Market cap
$1.4B
Beta
1.62
52-week high
$9.29
52-week low
$6.56
Average daily volume
2.1M
Dividend rate
$0.14
Financial strength
Current ratio
3.854
Quick ratio
3.468
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)
27.248
Price to revenue (TTM)
1.795
Price to book
1.34
Price to tangible book (TTM)
6.05
Price to free cash flow (TTM)
5.087
Free cash flow yield (TTM)
19.66%
Free cash flow per share (TTM)
162.17%
Dividend yield (TTM)
1.70%
Forward dividend yield
1.70%
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)
18.62%
10-year earnings per share growth (CAGR)
1.91%
10-year dividend per share growth (CAGR)
-8.49%
Bulls say / Bears say
Empire State Realty Trust's Manhattan office portfolio leased rate increased to 94.2% in Q4 2024, marking the 12th consecutive quarter of positive absorption, indicating strong demand for their properties. (businesswire.com)
The Empire State Building Observatory generated a 6.0% year-over-year NOI growth in Q4 2024, reflecting the asset's enduring appeal and revenue-generating capability. (businesswire.com)
ESRT maintains a strong liquidity position with $0.9 billion and no floating rate debt exposure, providing financial stability and flexibility for future investments. (businesswire.com)
Same-Store Property Cash Net Operating Income decreased by 2.9% in Q4 2024, primarily due to a reduction in non-recurring items and increased operating expenses, which could impact profitability. (businesswire.com)
The company's stock price has declined by approximately 4.5% over the past week, indicating potential investor concerns or market volatility affecting ESRT's valuation. (itiger.com)
Insider selling activity, such as the sale of 12,500 shares by EVP Thomas P. Durels in March 2025, may signal a lack of confidence in the company's short-term prospects. (americanbankingnews.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jul 2025.
ESRT News
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Capital at risk
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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 $1.4B as of July 15, 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 27.25 as of July 15, 2025.
Does Empire State Realty Trust stock pay dividends?
Yes, the Empire State Realty Trust (ESRT) stock pays dividends to shareholders. As of July 15, 2025, the dividend rate is $0.14 and the yield is 1.7%. 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.