ESRT Stock Price, Empire State Realty Trust Quote, Chart

Market Summary

USD8.92-0.07

Market Closed

-0.78%

ESRT Stock Price

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ESRT RSI Chart

ESRT Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

17.03

Price/Sales (Trailing)

1.94

EV/EBITDA

5.45

Price/Free Cashflow

6.18

ESRT Price/Sales (Trailing)

ESRT Profitability

EBT Margin

11.78%

Return on Equity

8.56%

Return on Assets

2%

Free Cashflow Yield

16.18%

ESRT Fundamentals

ESRT Revenue

Revenue (TTM)

739.6M

Rev. Growth (Yr)

6.4%

Rev. Growth (Qtr)

0.71%

ESRT Earnings

Earnings (TTM)

84.4M

Earnings Growth (Yr)

-26.78%

Earnings Growth (Qtr)

-20.56%

Breaking Down ESRT Revenue

Last 7 days

-6.0%

Last 30 days

-8.9%

Last 90 days

-8.6%

Trailing 12 Months

46.2%

How does ESRT drawdown profile look like?

ESRT Financial Health

Debt/Equity

0.99

Debt/Cashflow

0.24

ESRT Investor Care

Dividend Yield

1.56%

Dividend/Share (TTM)

0.14

Buy Backs (1Y)

2.37%

Diluted EPS (TTM)

0.3

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	727.6M	720.1M	728.0M	739.6M
2022	642.8M	687.4M	706.1M	727.0M
2021	584.3M	596.7M	615.2M	624.1M
2020	734.3M	699.1M	652.8M	609.2M
2019	731.5M	729.2M	735.7M	731.3M
2018	712.5M	714.6M	714.5M	731.5M
2017	684.6M	695.2M	706.0M	709.5M
2016	662.8M	663.8M	663.7M	677.4M
2015	646.9M	656.5M	662.8M	657.6M
2014	389.7M	485.3M	592.5M	635.3M
2013	262.9M	265.0M	267.9M	311.9M
2012	286.2M	277.5M	268.9M	260.3M
2011	0	0	0	294.8M

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Which funds bought or sold ESRT recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	Harbour Capital Advisors, LLC	reduced	-1.16	-11,056	649,680	0.16%
Apr 15, 2024	KINGSWOOD WEALTH ADVISORS, LLC	sold off	-100	-2,482,770	-	-%
Apr 15, 2024	Benin Management CORP	reduced	-13.05	-33,798	337,329	0.11%
Apr 15, 2024	Vert Asset Management LLC	added	3.88	44,020	556,107	0.23%
Apr 11, 2024	CONTRAVISORY INVESTMENT MANAGEMENT, INC.	unchanged	-	649	14,932	-%
Apr 10, 2024	Banque Cantonale Vaudoise	unchanged	-	4,000	101,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	0.7	2,448	36,691	0.01%
Apr 05, 2024	CWM, LLC	added	0.03	5,000	112,000	-%
Apr 04, 2024	MOODY NATIONAL BANK TRUST DIVISION	unchanged	-	13,505	310,920	0.03%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	21.00	496	-%

Are Funds Buying or Selling ESRT?

Are funds buying ESRT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ESRT

No. of Funds

Unveiling Empire State Realty Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	southeastern asset management inc/tn/	0.0%	414	SC 13G/A
Feb 13, 2024	vanguard group inc	11.83%	19,112,217	SC 13G/A
Feb 09, 2024	massachusetts financial services co /ma/	5.7%	9,132,613	SC 13G/A
Feb 05, 2024	ubs group ag	12.%	-	SC 13G/A
Jan 24, 2024	blackrock inc.	9.7%	15,719,919	SC 13G/A
Feb 14, 2023	southeastern asset management inc/tn/	0.0%	826	SC 13G/A
Feb 09, 2023	vanguard group inc	13.82%	22,168,349	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	6.5%	10,452,953	SC 13G/A
Feb 02, 2023	credit suisse ag/	6.39%	10,256,566	SC 13G
Jan 25, 2023	blackrock inc.	8.8%	14,165,302	SC 13G

Recent SEC filings of Empire State Realty Trust Inc

View All Filings

Date Filed	Form Type	Document
Apr 11, 2024	8-K	Current Report
Apr 04, 2024	8-K	Current Report
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 13, 2024	8-K	Current Report

Peers (Alternatives to Empire State Realty Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.2B	11.1B	-12.19%	-17.37%	58.68	7.2	4.04%	-19.43%
CCI	40.3B	7.0B	-10.96%	-29.83%	26.87	5.78	-0.07%	-10.36%
AVB	25.7B	2.8B	-0.85%	4.43%	27.68	9.29	6.73%	-18.30%
ARE	20.0B	2.9B	-5.68%	-5.65%	193.13	6.94	11.46%	-80.13%
AMH	12.5B	1.6B	-3.32%	4.08%	29.04	7.81	7.80%	39.39%
REG	10.6B	1.3B	-3.54%	-5.60%	29	7.99	8.04%	-24.50%
BXP	9.1B	3.3B	-7.75%	10.09%	47.83	2.78	5.31%	-77.32%
MID-CAP
FRT	8.1B	1.1B	-2.74%	-0.94%	33.99	7.11	5.38%	-38.52%
MAC	3.3B	884.1M	-6.39%	56.30%	-12.11	3.75	2.90%	-314.82%
SLG	3.2B	899.4M	-2.68%	111.31%	-5.7	3.58	-0.45%	-623.11%
SMALL-CAP
AAT	1.2B	441.2M	-3.08%	15.27%	19.26	2.82	4.38%	15.77%
AIV	1.1B	198.2M	4.45%	-4.79%	-7.13	5.71	-43.33%	-270.70%
MFA	1.0B	605.6M	-9.21%	2.71%	13.05	1.73	25.53%	134.62%
NYMT	622.2M	258.7M	-4.75%	-31.04%	-12.79	2.41	0.11%	83.70%
IVR	394.5M	277.9M	-10.75%	-21.50%	-24.87	1.42	44.33%	96.06%

Empire State Realty Trust Inc News

Latest updates

Empire State Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.7%	193	192	191	165	181	184	198	164	160	165	153	145	151	147	141	170	195	193	176	167	199
Operating Expenses	1.9%	152	149	144	147	142	148	152	158	139	152	127	127	132	135	141	143	148	148	140	141	141
S&GA Expenses	0.8%	16.00	16.00	16.00	16.00	16.00	16.00	16.00	14.00	14.00	14.00	14.00	14.00	14.00	15.00	18.00	16.00	17.00	14.00	16.00	14.00	14.00
EBITDA Margin	-1.7%	0.51*	0.52*	0.51*	0.54*	0.53*	0.51*	0.51*	0.45*	0.45*	0.46*	0.43*	0.41*	0.41*	0.43*	0.45*	0.47*	0.48*	0.49*	0.50*	0.51*	0.51*
Interest Expenses	0.0%	25.00	25.00	25.00	25.00	26.00	26.00	25.00	25.00	24.00	24.00	23.00	24.00	23.00	23.00	24.00	20.00	19.00	19.00	21.00	21.00	21.00
Income Taxes	27.2%	2.00	1.00	1.00	-1.22	1.00	1.00	0.00	-1.60	2.00	0.00	-1.18	-2.11	-4.18	0.00	-2.45	-0.38	1.00	1.00	1.00	-0.73	1.00
Earnings Before Taxes	-17.4%	18.00	21.00	38.00	10.00	23.00	12.00	49.00	-18.82	-2.54	-10.16	3.00	-5.30	-3.47	-12.23	-22.07	8.00	30.00	28.00	20.00	9.00	41.00
EBT Margin	-7.2%	0.12*	0.13*	0.11*	0.13*	0.09*	0.06*	0.03*	-0.04*	-0.02*	-0.03*	-0.03*	-0.07*	-0.05*	0.01*	0.06*	0.12*	0.12*	0.13*	0.14*	0.15*	0.17*
Net Income	-20.6%	16.00	20.00	37.00	12.00	22.00	10.00	49.00	-17.22	-4.07	-10.18	4.00	-3.19	1.00	-12.27	-19.62	8.00	29.00	27.00	19.00	10.00	40.00
Net Income Margin	-7.9%	0.11*	0.12*	0.11*	0.13*	0.09*	0.05*	0.03*	-0.04*	-0.02*	-0.01*	-0.02*	-0.06*	-0.04*	0.01*	0.06*	0.11*	0.12*	0.13*	0.13*	0.15*	0.16*
Free Cashflow	-59.6%	36.00	90.00	20.00	86.00	37.00	90.00	16.00	68.00	45.00	83.00	10.00	73.00	19.00	89.00	10.00	65.00	34.00	109	11.00	78.00	92.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.1%	4,219	4,217	4,185	4,157	4,164	4,201	4,217	4,243	4,282	4,112	4,123	4,152	4,151	4,011	4,550	4,665	3,932	3,925	4,156	4,192	4,196
Cash Equivalents	-2.1%	347	354	315	273	264	387	359	430	424	582	541	567	527	373	873	1,009	234	294	375	243	205
Goodwill	0%	491	491	491	492	491	491	491	491	491	492	491	492	491	491	491	491	491	492	492	492	491
Liabilities	0.2%	2,488	2,483	2,473	2,480	2,481	2,527	2,551	2,581	2,598	2,398	2,390	2,420	2,419	2,267	2,794	2,815	1,984	1,985	2,208	2,225	2,205
Long Term Debt	0.0%	974	974	974	974	974	974	974	973	973	973	973	973	973	973	973	973	798	606	607	608	1,046
Shareholder's Equity	-0.2%	986	987	1,712	1,677	954	1,674	1,666	1,662	1,684	1,714	1,733	1,731	1,731	1,744	1,756	1,850	1,948	1,940	1,948	1,967	1,991
Retained Earnings	3.9%	-83.11	-86.51	-92.39	-108	-109	-116	-114	-129	-133	-88.65	-73.26	-69.27	-65.67	-64.29	-56.09	-16.97	16.00	18.00	21.00	29.00	42.00
Additional Paid-In Capital	0.2%	1,061	1,059	1,047	1,052	1,055	1,060	1,077	1,119	1,151	1,149	1,152	1,148	1,148	1,162	1,166	1,196	1,232	1,226	1,213	1,207	1,204
Shares Outstanding	-0.5%	161	162	161	161	165	166	168	170	172	172	172	172	175	176	178	182	178	177	176	176	168
Minority Interest	-	-	-	-	-	-	-	-	-	-	645	648	648	646	645	646	671	690	710	724	735	745
Float	-	-	-	1,197	-	-	-	1,144	-	-	-	2,069	-	-	-	1,206	-	-	-	2,621	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-59.6%	36,443	90,142	19,543	86,363	37,188	90,307	15,985	67,693	45,459	83,298	10,329	73,400	18,740	89,130	9,649	64,774	34,218	109,093	11,378	77,902	91,619
Share Based Compensation	6.1%	5,294	4,989	5,369	4,374	5,412	5,374	5,765	4,460	4,844	5,378	5,304	4,734	5,321	5,504	8,779	5,891	5,465	3,647	6,326	5,419	4,721
Cashflow From Investing	27.2%	-37,961	-52,123	15,375	-2,631	-141,775	-32,471	-21,669	-34,976	-141,982	-22,315	-27,633	-20,812	-29,764	-33,641	-39,103	-40,610	-60,588	90,980	130,515	-11,163	-73,400
Cashflow From Financing	3.1%	-12,479	-12,874	-19,941	-17,579	-20,550	-30,780	-64,224	-24,688	-49,806	-18,586	-11,523	-13,130	151,010	-559,384	-84,562	750,103	-32,352	-283,132	-33,191	-32,876	-31,507
Dividend Payments	0.2%	5,713	5,700	5,600	5,675	5,678	5,700	5,800	5,900	5,960	6,100	6,100	-	10.00	-	18,200	19,000	19,092	18,900	18,700	18,500	18,382
Buy Backs	-	-	-	7,411	5,694	7,631	18,105	52,439	12,001	36,661	6,510	-	3,533	21,763	7,345	51,939	62,666	-	-	-	-	-

ESRT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental revenue	$ 597,319	$ 591,048	$ 559,690
Observatory revenue	129,366	105,978	41,474
Lease termination fees	0	20,032	16,230
Third-party management and other fees	1,351	1,361	1,219
Other revenue and fees	11,536	8,622	5,481
Total revenues	739,572	727,041	624,094
Operating expenses:
Property operating expenses	167,324	157,935	126,986
Ground rent expenses	9,326	9,326	9,326
General and administrative expenses	63,939	61,765	55,947
Observatory expenses	35,265	31,036	23,206
Real estate taxes	127,101	123,057	119,967
Impairment charges	0	0	7,723
Depreciation and amortization	189,911	216,894	201,806
Total operating expenses	592,866	600,013	544,961
Total operating income (loss)	146,706	127,028	79,133
Other income (expense):
Interest income	15,136	4,948	704
Interest expense	(101,484)	(101,206)	(94,394)
Gain on sale/disposition of properties	26,764	33,988	0
Loss on early extinguishment of debt	0	0	(214)
Income (loss) before income taxes	87,122	64,758	(14,771)
Income tax (expense) benefit	(2,715)	(1,546)	1,734
Net income (loss)	84,407	63,212	(13,037)
Private perpetual preferred unit distributions	(4,201)	(4,201)	(4,201)
Net (income) loss attributable to non-controlling interests:
Non-controlling interests in the Operating Partnership	(31,094)	(22,812)	6,527
Non-controlling interests in other partnerships	(68)	243	0
Net income (loss) attributable to common stockholders	$ 49,044	$ 36,442	$ (10,711)
Total weighted average shares:
Basic (in shares)	161,122	165,039	172,445
Diluted (in shares)	265,633	269,948	277,420
Earnings (loss) per share attributable to common stockholders:
Basic (in USD per share)	$ 0.30	$ 0.22	$ (0.06)
Diluted (in USD per share)	$ 0.30	$ 0.22	$ (0.06)

ESRT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commercial real estate properties, at cost:
Land	$ 366,357	$ 365,540
Development costs	8,178	8,166
Building and improvements	3,280,657	3,177,743
Commercial real estate properties, at cost	3,655,192	3,551,449
Less: accumulated depreciation	(1,250,062)	(1,137,267)
Commercial real estate properties, net	2,405,130	2,414,182
Assets held for sale	0	35,538
Cash and cash equivalents	346,620	264,434
Restricted cash	60,336	50,244
Tenant and other receivables	39,836	24,102
Deferred rent receivables	255,628	240,188
Prepaid expenses and other assets	98,167	98,114
Deferred costs, net	172,457	187,570
Acquired below-market ground leases, net	321,241	329,073
Right of use assets	28,439	28,670
Goodwill	491,479	491,479
Total assets	4,219,333	4,163,594
Liabilities:
Mortgage notes payable, net	877,388	883,705
Senior unsecured notes, net	973,872	973,659
Unsecured term loan facilities, net	389,286	388,773
Unsecured revolving credit facility	0	0
Accounts payable and accrued expenses	99,756	80,729
Acquired below-market leases, net	13,750	17,849
Ground lease liabilities	28,439	28,670
Deferred revenue and other liabilities	70,298	76,091
Tenants’ security deposits	35,499	25,084
Liabilities related to assets held for sale	0	5,943
Total liabilities	2,488,288	2,480,503
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:
Preferred stock, $0.01 par value per share, 50,000 shares authorized, none issued or outstanding	0	0
Additional paid-in capital	1,060,969	1,055,184
Accumulated other comprehensive loss	6,026	7,048
Retained deficit	(83,108)	(109,468)
Total Empire State Realty Trust, Inc.'s stockholders' equity	985,518	954,375
Non-controlling interests in Operating Partnership	700,180	683,310
Non-controlling interests in other partnerships	15,407	15,466
Private perpetual preferred units:
Total equity	1,731,045	1,683,091
Total liabilities and equity	4,219,333	4,163,594
Class A Common Stock
Empire State Realty Trust, Inc. stockholders' equity:
Common stock	1,621	1,601
Class B Common Stock
Empire State Realty Trust, Inc. stockholders' equity:
Common stock	10	10
Private Perpetual Preferred Units, Series 2019
Private perpetual preferred units:
Private perpetual preferred units	21,936	21,936
Private Perpetual Preferred Units, Series 2014
Private perpetual preferred units:
Private perpetual preferred units	$ 8,004	$ 8,004

About Empire State Realty Trust Inc

Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building Ã‚â€“ Ã‚â€œthe World's Most Famous BuildingÃ‚â€ Ã‚â€“ and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US for the second year in a row, in Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality. As of June 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 718,000 rentable square feet of retail space and 721 residential units across three multifamily properties.

CEO	Mr. Anthony E. Malkin
WEBSITE	esrtreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	667

Empire State Realty Trust Inc Frequently Asked Questions

What is the ticker symbol for Empire State Realty Trust Inc? What does ESRT stand for in stocks?

ESRT is the stock ticker symbol of Empire State Realty Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Empire State Realty Trust Inc (ESRT)?

As of Wed Apr 17 2024, market cap of Empire State Realty Trust Inc is 1.44 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ESRT stock?

You can check ESRT's fair value in chart for subscribers.

What is the fair value of ESRT stock?

You can check ESRT's fair value in chart for subscribers. The fair value of Empire State Realty Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Empire State Realty Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ESRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Empire State Realty Trust Inc a good stock to buy?

The fair value guage provides a quick view whether ESRT is over valued or under valued. Whether Empire State Realty Trust Inc is cheap or expensive depends on the assumptions which impact Empire State Realty Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ESRT.

What is Empire State Realty Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, ESRT's PE ratio (Price to Earnings) is 17.03 and Price to Sales (PS) ratio is 1.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ESRT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Empire State Realty Trust Inc's stock?

In the past 10 years, Empire State Realty Trust Inc has provided -0.035 (multiply by 100 for percentage) rate of return.