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Empire State Realty Trust(NYSE) ESRT

Current Price$5.48
Market Cap$936.29MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2013)-46%
5 Year-49%
1 Year-29%
1 Month+5%
Empire State Realty Trust last closing stock price
MetricPriceDate
Last closeUSD 5.432026-07-22
Empire State Realty Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.21%USD 5.612026-07-15
1 month+5.44%USD 5.152026-06-22
3 month-0.27%USD 5.442026-04-23
Year to date-15.62%USD 6.442025-12-31
1 year-28.52%USD 7.602025-07-22
3 year-27.3%USD 7.472023-07-21
5 year-48.89%USD 10.622021-07-23
Since inception-46.33%USD 10.122013-10-02

Empire State Realty Trust Financials at a Glance

Market Cap

$936.29MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$778.07M

Net Income (TTM)

$39.62M

EPS (TTM)

$0.21

P/E Ratio

26.21

Dividend

$0.14

Beta (Volatility)

0.95 (Low)

Price

$5.48

Volume

1,831,516.865

Open

$5.39

Previous Close

$5.46

Daily Range

$5.39 - $5.52

52-Week Range

$4.87 - $8.07

Estimated Earnings Date

Jul 29, 2026

ESRT News

SellAlert-Blue.png

Why One Real Estate Fund Dumped Its $4 Million Stake in This Iconic NYC Office REIT

Jonathan PoncianoDec 8, 2025
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Empire State Realty Trust Q2 Revenue Up

Motley Fool Markets TeamJul 28, 2025
Empire State building at night 2022

2 Beaten-Down Dividend Stocks You Can Buy Right Now

Matt Frankel, CFP®Apr 2, 2025
GettyImages-1537255193.jpg

Empire State Realty's FFO Edges Up in Q3

Motley Fool Markets TeamOct 21, 2024
Empire State building at night 2022

2 Excellent Stocks Flying Under the Radar That Could Be Massive Long-Term Wealth Builders

Matt Frankel, CFP®Mar 11, 2024
Empire State building at night 2022

These 2 Stocks Gained 40% or More in 2023 -- Here's Why They Could Do It Again in 2024

Matt Frankel, CFP®Jan 5, 2024
Empire State building at night 2022

This Dirt-Cheap Stock Could Be a Great Long-Term Investment

Matt Frankel, CFP®Aug 2, 2023
New York City 2022

This Beaten-Down Stock Could Be a Great Contrarian Opportunity

Matt Frankel, CFP®May 4, 2023
Page 1

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About Empire State Realty Trust

Empire State Realty Trust rents office and retail space in New York. It also runs the iconic observatory at the Empire State Building. The company helps businesses find modern workspaces and visitors see the city.

Office Space and Iconic Views

  • Manhattan Office Properties: Rental spaces across ten buildings located in New York City's business districts.
  • Empire State Observatory: Ticket sales for panoramic views from the 86th and 102nd floors of the flagship building.
  • Retail Portfolio: Ground-level and multi-level spaces in high-traffic neighborhoods in Manhattan and Brooklyn.
  • Multifamily Units: Residential housing assets consisting of 743 units located within the New York City area.

Building and Buying in NYC

  • Acquired three multifamily properties in Manhattan since December 2021 to diversify the portfolio.
  • Purchased 130 Mercer Street, a mixed-use building featuring office and retail components in the SoHo submarket.
  • Sold non-core office assets in Stamford, Norwalk, White Plains, and Harrison to recycle capital for new investments.
  • Sold retail assets in Westport, Connecticut, to an entity affiliated with the CEO in 2023.

Efficiency and Transit Access

The company focuses on energy-efficient retrofits and high indoor air quality standards to attract credit-quality tenants. Its portfolio is situated near major mass transit hubs, providing ease of access for employees and visitors in Manhattan.

Performance at a Glance

  • Revenue reached $190.3 million in Q1 2026, up 5.7% from $180.1 million in Q1 2025.
  • Net income fell to $2.3 million in Q1 2026, a 77.8% decrease from the previous year.
  • Gross profit turned negative at -$2.7 million in Q1 2026, which worsened by 102.9% from Q1 2025.
  • Observatory revenue reached $128.3 million for the fiscal year ended December 31, 2025.

Bottom Line

Empire State Realty Trust has transitioned from a traditional office landlord into a diversified real estate player with residential and retail assets. Its strategy centers on modernizing iconic New York properties while managing a high-profile tourism business.

AI Generated • May 2, 2026

Industry

Office REITs

Sector

Real Estate

Employees

642

CEO

Anthony E. Malkin

Website

www.esrtreit.com

Headquarters

New York City, NY 10120, US

ESRT Financials

Key Financial Metrics (TTM)

Gross Margin

-10.34%

Operating Margin

17.91%

Net Income Margin

5.09%

Return on Equity

3.77%

Return on Capital

3.88%

Return on Assets

0.90%

Earnings Yield

3.82%

Dividend Yield

2.58%

Payout Ratio

70.85%

Stock Overview

Market Cap

$936.29MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

172.43M

Volume

1.83M

Avg. Volume

2.02M

Financials (TTM)

Gross Profit

-$80.45M

Operating Income

$139.32M

EBITDA

$362.85M

Operating Cash Flow

$234.82M

Capital Expenditure

-$174.62M

Free Cash Flow

$60.20M

Cash & ST Invst.

$68.82M

Total Debt

$2.35B

Empire State Realty Trust Performance Analysis

Empire State Realty Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 727,041,00016.5%
20232023-12-31USD 739,572,0001.7%
20242024-12-31USD 767,923,0003.8%
20252025-12-31USD 768,270,0000.0%
Empire State Realty Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-306.0%
Q32025-09-303.6%
Q42025-12-310.8%
Q12026-03-31-4.5%
Empire State Realty Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.22N/A
20232023-12-31USD 0.3037.4%
20242024-12-31USD 0.28-6.2%
20252025-12-31USD 0.25-10.0%
Empire State Realty Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-23.4%
Q32025-09-3021.7%
Q42025-12-3156.2%
Q12026-03-31-93.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$190.33M

+5.7%

Gross Profit

-$2.67M

-102.9%

Gross Margin

-1.40%

N/A

Market Cap

$936.29MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.46M

N/A

Employees

642

N/A

Net Income

$2.29M

-77.8%

EBITDA

$80.29M

+7.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$68.82M

-63.4%

Total Debt

$2.35B

+12.5%

Accounts Receivable

$284.94M

+1.3%

Inventory

$0.00

N/A

Long Term Debt

$2.26B

+8.2%

Short Term Debt

$90.00M

N/A

Return on Assets

0.90%

N/A

Return on Invested Capital

3.38%

N/A

Free Cash Flow

$50.72M

+23.5%

Operating Cash Flow

$68.91M

-17.1%

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Questions About ESRT

What is the current price of Empire State Realty Trust?

Empire State Realty Trust is trading at $5.46 per share.

What is the 52-week range for Empire State Realty Trust?

Over the past 52 weeks, Empire State Realty Trust has traded between $4.87 and $8.07.

How much debt does Empire State Realty Trust have?

As of the most recent reporting period, Empire State Realty Trust reported total debt of $2.39B.

How much cash does Empire State Realty Trust have on hand?

Empire State Realty Trust reported $106.15M in cash and cash equivalents in its most recent financial results.

What is Empire State Realty Trust’s dividend yield?

Empire State Realty Trust currently has a dividend yield of 2.58%.

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