Empire State Realty Trust, Inc.
ESRT
NYSE·Real Estate·REIT - Diversified·Mkt cap $778.4M
$4.54
▲ +2.71%
P/E
-194.02
Mkt Cap
$778.4M
52-Wk Range
$4.36–$8.04
52-Week Range
$4.36 - $8.04
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 41.6% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Iconic Empire State Building asset providing brand recognition and premium tenant attraction
- Prime Manhattan location with 9 office properties in the world's most competitive commercial real estate market
- Industry-leading sustainability credentials including first U.S. commercial portfolio with WELL Health-Safety Rating
- Diversified geographic footprint across Manhattan, Connecticut, and Westchester County reducing market concentration risk
- Established expertise in energy efficiency retrofits and indoor environmental quality improvements
Bear Case
1 risk
- Average volatility.
Growth
Turning profitable
Positive revenue trend
Value
Deep value opportunity - significant discount to Industrial REITs peers
Momentum
Weak
-15.1% over 3m
Quality
Loss-making
Solid business
Dividend
Solid
3.08% yield
Smart-money signal
Who's buying ESRT right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 28, 2026
JUL 29, 2026
Revenue of $196.9M vs $198.1M expected (-0.6%).
Reported EPS · last 4Q
0 of 1 beats
Q3 26
—
Revenue trend · last 8Q
—
+2%
-1%
+1%
-1%
+1%
+6%
+3%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$199.6M
$197.6M
$180.1M
$190.8M
$197.7M
$199.2M
$190.3M
$196.9M
Margins · last 8Q
Gross
83.3%
Operating
-70.5%
Profit
-13.1%
Wall Street consensus
2 analysts · 0% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
0%
Hold
50%
Sell
50%
Median Price Target
—
Latest: Wells Fargo · Sep 1, 2026
vs Industry
How ESRT stacks vs REIT - Diversified
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related