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ESRT

ESRT - Empire State Realty Trust Inc Stock Price, Fair Value and News

9.40USD-0.03 (-0.32%)Market Closed

Market Summary

ESRT
USD9.40-0.03
Market Closed
-0.32%

ESRT Stock Price

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ESRT RSI Chart

ESRT Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

18.53

Price/Sales (Trailing)

2.03

EV/EBITDA

5.79

Price/Free Cashflow

7.08

ESRT Price/Sales (Trailing)

ESRT Profitability

EBT Margin

11.40%

Return on Equity

8.33%

Return on Assets

1.98%

Free Cashflow Yield

14.12%

ESRT Fundamentals

ESRT Revenue

Revenue (TTM)

756.1M

Rev. Growth (Yr)

10.06%

Rev. Growth (Qtr)

-6.07%

ESRT Earnings

Earnings (TTM)

82.9M

Earnings Growth (Yr)

-12.65%

Earnings Growth (Qtr)

-35.47%

Breaking Down ESRT Revenue

Last 7 days

1.6%

Last 30 days

-3.2%

Last 90 days

-2.1%

Trailing 12 Months

35.6%

How does ESRT drawdown profile look like?

ESRT Financial Health

Debt/Equity

0.98

Debt/Cashflow

0.22

ESRT Investor Care

Dividend Yield

1.49%

Dividend/Share (TTM)

0.14

Shares Dilution (1Y)

1.33%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024756.1M000
2023727.6M720.1M728.0M739.6M
2022642.8M687.4M706.1M727.0M
2021584.3M596.7M615.2M624.1M
2020734.3M699.1M652.8M609.2M
2019731.5M729.2M735.7M731.3M
2018712.5M714.6M714.5M731.5M
2017684.6M695.2M706.0M709.5M
2016662.8M663.8M663.7M677.4M
2015646.9M656.5M662.8M657.6M
2014389.7M485.3M592.5M635.3M
2013262.9M265.0M267.9M311.9M
2012286.2M277.5M268.9M260.3M
2011000294.8M

Which funds bought or sold ESRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
63.24
236,000
603,000
-%
May 24, 2024
Cetera Investment Advisers
new
-
186,584
186,584
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-4.39
-627
1,385,000
-%
May 16, 2024
Tidal Investments LLC
unchanged
-
4,512
160,647
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-48.78
-379,341
437,332
-%
May 15, 2024
AMERIPRISE FINANCIAL INC
added
35.48
16,858,100
57,351,800
0.02%
May 15, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
4.78
91,000
1,051,000
-%
May 15, 2024
CITADEL ADVISORS LLC
added
21.4
430,892
2,032,070
-%
May 15, 2024
Squarepoint Ops LLC
sold off
-100
-212,608
-
-%
May 15, 2024
DARK FOREST CAPITAL MANAGEMENT LP
added
11.38
143,921
1,019,640
0.17%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
May 15, 2024
8-K
Current Report
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading

Peers (Alternatives to Empire State Realty Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
4.77% 2.30%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-0.37% -12.60%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
0.90% 5.12%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-4.13% -5.19%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.81% 1.94%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
1.35% 0.33%
30.21
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.45% 9.16%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-1.57% 6.43%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
4.85% 112.77%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-4.51% 31.88%
-9.36
3.65
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-4.58% 8.04%
19.4
3
3.54% 8.91%
1.2B
198.2M
-0.74% -4.62%
-7.32
6.02
-43.33% -308.08%
1.1B
650.2M
-0.65% -6.88%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-2.93% -40.99%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.95% -19.02%
-54.3
1.61
25.89% 94.64%

Empire State Realty Trust Inc News

Latest updates
Seeking Alpha15 hours ago

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

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-6.1%181193192191165181184198164160165153145151147141170195193176167
Operating Expenses-1.3%150152149144147142148152158139152127127132135141143148148140141
  S&GA Expenses-1.1%16.0016.0016.0016.0016.0016.0016.0016.0014.0014.0014.0014.0014.0014.0015.0018.0016.0017.0014.0016.0014.00
EBITDA Margin-2.8%0.50*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*
Interest Expenses-1.0%25.0025.0025.0025.0025.0026.0026.0025.0025.0024.0024.0023.0024.0023.0023.0024.0020.0019.0019.0021.0021.00
Income Taxes-136.6%-0.652.001.001.00-1.221.001.000.00-1.602.000.00-1.18-2.11-4.180.00-2.45-0.381.001.001.00-0.73
Earnings Before Taxes-45.7%10.0018.0021.0038.0010.0023.0012.0049.00-18.82-2.54-10.163.00-5.30-3.47-12.23-22.078.0030.0028.0020.009.00
EBT Margin-3.2%0.11*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*
Net Income-35.5%10.0016.0020.0037.0012.0022.0010.0049.00-17.22-4.07-10.184.00-3.191.00-12.27-19.628.0029.0027.0019.0010.00
Net Income Margin-3.9%0.11*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*
Free Cashflow94.6%71.0036.0090.0020.0086.0037.0090.0016.0068.0045.0083.0010.0073.0019.0089.0010.0065.0034.0010911.0078.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.7%4,1914,2194,2174,1854,1574,1644,2014,2174,2434,2824,1124,1234,1524,1514,0114,5504,6653,9323,9254,1564,192
    Cash Equivalents-3.8%3343473543152732643873594304245825415675273738731,009234294375243
  Goodwill0.0%492491492491492491491491492491491491492491491491492491492491491
Liabilities-0.9%2,4662,4882,4832,4732,4802,4812,5272,5512,5812,5982,3982,3902,4202,4192,2672,7942,8151,9841,9852,2082,225
  Long Term Debt0.0%974974974974974974974974973973973973973973973973973798606607608
Shareholder's Equity1.1%9969869871,7121,6771,6831,6741,6661,6621,6841,7141,7331,7311,7311,7441,7561,8501,9481,9401,9481,967
  Retained Earnings-0.1%-83.21-83.11-86.51-92.39-108-109-116-114-129-133-88.65-73.26-69.27-65.67-64.29-56.09-16.9716.0018.0021.0029.00
  Additional Paid-In Capital0.5%1,0661,0611,0591,0471,0521,0551,0601,0771,1191,1511,1491,1521,1481,1481,1621,1661,1961,2321,2261,2131,207
Shares Outstanding1.5%163161162161161165162167170172172172172175173175182178177177176
Minority Interest-----------645648648646645646671690710724735
Float----1,197---1,144---2,069---1,206---2,621-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations94.6%70,92636,44390,14219,54386,36337,18890,30715,98567,69345,45983,29810,32973,40018,74089,1309,64964,77434,218109,09311,37877,902
  Share Based Compensation-34.9%3,4495,2944,9895,3694,3745,4125,3745,7654,4604,8445,3785,3044,7345,3215,5048,7795,8915,4653,6476,3265,419
Cashflow From Investing-87.7%-71,269-37,961-52,12315,375-2,631-141,775-32,471-21,669-34,976-141,982-22,315-27,633-20,812-29,764-33,641-39,103-40,610-60,58890,980130,515-11,163
Cashflow From Financing-70.7%-21,302-12,479-12,874-19,941-17,579-20,550-30,780-64,224-24,688-49,806-18,586-11,523-13,130151,010-559,384-84,562750,103-32,352-283,132-33,191-32,876
  Dividend Payments1.6%5,8005,7075,7005,6005,6755,6855,7005,8005,9485,9386,1006,100--3.00-18,20018,98719,09018,90018,70018,520
  Buy Backs----7,4115,6947,63118,10552,43912,00136,6616,510-3,53321,7637,34551,93962,666----
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ESRT Income Statement

2024-03-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Rental revenue$ 153,882$ 140,091
Observatory revenue24,59622,154
Third-party management and other fees265427
Other revenue and fees2,4361,950
Total revenues181,179164,622
Operating expenses:  
Property operating expenses45,06042,044
Ground rent expenses2,3312,331
General and administrative expenses15,97215,708
Observatory expenses8,4317,855
Real estate taxes32,24131,788
Depreciation and amortization46,08147,408
Total operating expenses150,116147,134
Total operating income (loss)31,06317,488
Other income (expense):  
Interest income4,1782,595
Interest expense(25,128)(25,304)
Loss on early extinguishment of debt(553)0
Gain on disposition of property015,696
Income (loss) before income taxes9,56010,475
Income tax benefit6551,219
Net income (loss)10,21511,694
Net (income) loss attributable to non-controlling interests:  
Non-controlling interest in the Operating Partnership(3,500)(4,168)
Non-controlling interests in other partnerships(4)43
Private perpetual preferred unit distributions(1,050)(1,050)
Net income attributable to common stockholders$ 5,661$ 6,519
Total weighted average shares:  
Basic (in shares)163,491161,339
Diluted (in shares)267,494265,197
Earnings per share attributable to common stockholders:  
Basic (in USD per share)$ 0.03$ 0.04
Diluted (in USD per share)0.030.04
Dividends per share (in USD per share)$ 0.035$ 0.035

ESRT Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:  
Land$ 366,357$ 366,357
Development costs8,1878,178
Building and improvements3,327,7733,280,657
Commercial real estate properties, at cost3,702,3173,655,192
Less: accumulated depreciation(1,288,519)(1,250,062)
Commercial real estate properties, net2,413,7982,405,130
Cash and cash equivalents333,573346,620
Restricted cash51,73860,336
Tenant and other receivables40,13739,836
Deferred rent receivables257,266255,628
Prepaid expenses and other assets74,47298,167
Deferred costs, net180,462172,457
Acquired below-market ground leases, net319,284321,241
Right of use assets28,37828,439
Goodwill491,479491,479
Total assets4,190,5874,219,333
Liabilities:  
Mortgage notes payable, net876,497877,388
Senior unsecured notes, net973,926973,872
Unsecured term loan facilities, net268,503389,286
Unsecured revolving credit facility120,0000
Accounts payable and accrued expenses91,00599,756
Acquired below-market leases, net12,79813,750
Ground lease liabilities28,37828,439
Deferred revenue and other liabilities69,28970,298
Tenants’ security deposits25,45735,499
Total liabilities2,465,8532,488,288
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:  
Preferred stock, $0.01 par value, 50,000 shares authorized, none issued or outstanding00
Additional paid-in capital1,066,0301,060,969
Accumulated other comprehensive income11,6566,026
Retained deficit(83,212)(83,108)
Total Empire State Realty Trust, Inc. stockholders' equity996,122985,518
Non-controlling interests in the Operating Partnership698,672700,180
Non-controlling interests in other partnerships015,407
Private perpetual preferred units:  
Total equity1,724,7341,731,045
Total liabilities and equity4,190,5874,219,333
Class A Common Stock  
Empire State Realty Trust, Inc. stockholders' equity:  
Common stock1,6381,621
Class B Common Stock  
Empire State Realty Trust, Inc. stockholders' equity:  
Common stock1010
Private Perpetual Preferred Units, Series 2019  
Private perpetual preferred units:  
Private perpetual preferred units21,93621,936
Private Perpetual Preferred Units, Series 2014  
Private perpetual preferred units:  
Private perpetual preferred units$ 8,004$ 8,004
ESRT
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 – “the World's Most Famous Building” – 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
 WEBSITEesrtreit.com
 INDUSTRYREIT Mortgage
 EMPLOYEES667

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 Jun 12 2024, market cap of Empire State Realty Trust Inc is 1.54 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 Jun 12 2024, ESRT's PE ratio (Price to Earnings) is 18.59 and Price to Sales (PS) ratio is 2.04. 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 -0.039 (multiply by 100 for percentage) rate of return.