Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc.

ESRT
Empire State Realty Trust, Inc.US flagNew York Stock Exchange
4.75
USD
-0.08
- -
814.44MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.49
6.49
5.76
5
4.39
4.24
4.08
3.42
3.52
4.28
4.59
4.63
4.56
4.61
Basic EPS, GAAP
0.4
0.27
0.3
0.38
0.4
0.39
0.28
-0.1
-0.06
0.22
0.3
0.29
0.26
0.02
Free Cash Flow per Basic Share
-0.61
1.41
1.78
1.6
1.23
1.67
1.3
1.04
1.23
1.28
1.44
1.58
1.48
1.34
Dividend per Share
1.7
0.35
0.35
0.42
0.43
0.43
0.43
0.24
0.13
0.17
0.17
0.17
0.17
0.17
Book Value per Share
4.03
4.3
4.37
7.41
7.23
7.08
6.75
6.15
5.87
5.92
6.04
6.16
6.22
6.01
Tangible Book Value per Share
-4.38
-3.94
-2.92
1.84
1.91
2.21
2.11
1.28
1
0.83
1.06
1.35
1.54
4.13
Basic Weighted Avg Shares
96
98
114
134
158
168
178
175
172
165
161
165
169
170
Sales/Revenue/Turnover
334
635
658
670
696
711
727
600
608
707
740
763
768
783
Operating Margin (%)
22.35
22.78
23.05
26.33
25.77
23.92
20.68
9.24
11.62
15.13
19.84
20.17
17.61
16.64
Depreciation Expense
66
145
171
155
161
169
189
191
202
217
190
185
195
199
Net Income, GAAP
38
27
35
52
64
67
51
-13
-7
41
53
52
48
7
Effective Tax Rate (%)
- -
6.22
4.71
5.42
5.34
3.81
2.8
- -
- -
2.39
3.12
3.24
3.39
8.59
Profit Margin (%)
11.39
4.27
5.27
7.82
9.14
9.36
7.04
-2.09
-1.07
5.75
7.2
6.77
6.2
0.93
Working Capital
136
156
-99
421
383
531
116
319
150
63
143
112
-218
-288
LT Debt
1,208
1,599
1,370
1,349
1,425
1,655
1,433
1,778
1,951
1,886
1,880
1,917
1,918
1,715
Total Equity
1,003
1,381
1,373
1,983
1,978
1,991
1,948
1,731
1,684
1,683
1,731
1,782
1,822
1,790
Return on Invested Capital (%)
- -
5.23
4.83
5.06
4.68
4.32
3.87
- -
- -
2.62
3.57
3.6
3.08
3.02
Return on Capital (%)
- -
1.79
1.74
1.95
2.03
2.44
2.52
- -
- -
2.93
3.03
3.12
2.89
2.61
Return on Common Equity (%)
19.74
6.31
6.85
6.13
5.39
5.45
4.01
-1.46
-1.04
3.73
5.06
4.71
4.15
0.3

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
482
427
512
LT Borrowings
1,890
1,892
1,714
LT Finance Leases
28
28
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
170
172
173
Market Capitalization
1,112
895
935

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
444
391
407
Cash, Cash Equivalents & STI
133
69
86
Accounts Receivable, Net
22
24
21
Inventories
- -
- -
- -
Total Current Liabilities
662
596
695
Payables & Accruals
120
112
132
ST Debt
482
427
512
Deferred Revenue
60
58
50

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.69%
1.05%
2.26%
Free Cash Flow
3.52%
6.74%
-4.54%
Net Income, GAAP
-82.25%
-150.43%
-7.83%
Sales/Revenue/Turnover
1.87%
5.21%
0.61%
Total Cash Common Dividend
0.28%
-4.2%
2.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
181
190
195
198
763
2025
180
191
198
199
768
2026
189
197
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.1
0.08
- -
0.29
2025
0.06
0.04
0.05
0.12
0.26
2026
0.01
-0.15
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.04
- -
0.17
2025
0.04
0.04
0.04
0.04
0.17
2026
0.04
0.04
- -
- -
- -

Company Description

APIChatGPT
CEO
Anthony E. Malkin
Full Time Employees
642
Sector
Real Estate
Industry
REIT - Diversified
Address
111 West 33rd Street New York City NY United States of America 10120
IPO Date
Oct 2, 2013
Business
Empire State Realty Trust, Inc. Empire State Realty Trust, Inc. (NYSE: ESRT) operates as a New York City-focused real estate investment trust that owns, manages, operates, acquires, repositions, and develops modernized office, retail, and multifamily properties in Manhattan and the greater New York metropolitan area, including its flagship Empire State Building, the World's Most Famous Building; the portfolio encompasses approximately 7.8 million rentable square feet of office space across 10 properties primarily in midtown Manhattan, 0.8 million rentable square feet of retail space, and 743 multifamily residential units; key offerings include the Empire State Building Observatory on the 86th and 102nd floors generating significant visitor revenue, ESRT TurnKey Suites providing pre-built, move-in-ready office solutions with architectural design, furniture, IT services, and relocation support, flexible shared office spaces under the ESpaces brand for startups and small businesses, and exclusive tenant amenities such as the 65,000-square-foot Empire State Building Club Level featuring workspaces, networking areas, fitness, and entertainment facilities. Headquartered in New York City, the company traces its modern origins to a 2011 restructuring and completed its initial public offering in 2013, raising approximately $929.5 million to fuel growth; it maintains leadership in sustainability and indoor environmental quality, having achieved carbon neutrality for its 9.9 million-square-foot commercial portfolio through energy retrofits reducing Empire State Building emissions by 54% and portfolio-wide by 43%, ENERGY STAR certifications on 92% of its New York City assets, and initiatives like rooftop beehives with Alvéole and forest preservation offsets. Recent developments include the June 2025 acquisition of the North 6th Street Collection multifamily property in Williamsburg, a $175 million private placement of 5.47% five-year senior unsecured notes in October 2025 maturing in 2031, an 18,230-square-foot expansion lease in November 2025 with Gerson Lehrman Group, Inc. at One Grand Central Place following its April renewal for a total of 95,612 square feet, multiple early tenant renewals and expansions in 2024-2025 such as Booking Holdings doubling its space and over 450,000 square feet of proactive leasing activity, post-third quarter 2025 leases covering 50,000 square feet, and the Empire State Building Observatory earning aRESB 5-Star rating for the second consecutive year while ranking as New York City's top attraction in Tripadvisor's 2025 awards.

Company News

APIChatGPT
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  • Empire State Realty Trust Announces Dividend for Third Quarter 2026

  • Empire State Realty Trust Q2 Earnings Call Highlights

  • Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript

  • Empire State Realty Trust Announces Second Quarter 2026 Results

  • Empire State Realty Trust (NYSE:ESRT) Stock Crosses Below 200 Day Moving Average – What’s Next?

  • Empire State Realty Trust, Inc. $ESRT Shares Acquired by Bessemer Group Inc.

  • Empire State Realty Trust Signs 26,134 Square Foot Space with Instacart at 111 W. 33rd Street

  • Infinium Wall Systems, Inc. Signs New 30,017 Square Foot Lease with Empire State Realty Trust at 1359 Broadway

  • United Talent Agency Moves NY Office to Empire State Building in July 2027

  • LA-based United Talent Agency taking its talents to the Empire State Building

  • Empire State Building Observation Deck Launches Exclusive Soccer Jersey Ticket Offer for Sports Fans in July

  • Empire State Building Observation Deck Run-Up Returns for 48th Annual Race on Oct. 6

  • Empire State Realty Trust Announces Dates for Second Quarter 2026 Earnings Release and Conference Call

  • Empire State Realty Trust Announces Release of Schedule K-3

  • Empire State Building Observation Deck Celebrates Soccer with World's Most Iconic Soccer Jersey Exhibit, Custom ESB Jerseys, Player Visits, Lightings, and More

  • The Empire State Building's Tastes of New York Experience to Feature Eataly

  • Empire State Realty Trust Named as a 2026 Platinum Green Lease Leader by the Department of Energy's Better Buildings Alliance and the Institute for Market Transformation

  • Empire State Realty Trust Announces Disposition of 250 West 57th Street and Strengthens Ownership of Broadway Campus Assets