ESRT Stock Price, Empire State Realty Trust Quote, Chart

Market Summary

USD9.66-0.02

Delayedas of 17 May 2024, 10:59 am

-0.21%

ESRT Stock Price

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ESRT RSI Chart

ESRT Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

19.08

Price/Sales (Trailing)

2.09

EV/EBITDA

5.91

Price/Free Cashflow

7.29

ESRT Price/Sales (Trailing)

ESRT Profitability

EBT Margin

11.40%

Return on Equity

4.81%

Return on Assets

1.98%

Free Cashflow Yield

13.72%

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

52 Week Range

5.669.75

(Low)(High)

Last 7 days

1.1%

Last 30 days

7.5%

Last 90 days

-4.1%

Trailing 12 Months

69.2%

How does ESRT drawdown profile look like?

ESRT Financial Health

Debt/Equity

0.56

Debt/Cashflow

0.22

ESRT Investor Care

Dividend Yield

1.45%

Dividend/Share (TTM)

0.14

Shares Dilution (1Y)

1.33%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	756.1M	0	0	0
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
May 15, 2024	ALGERT GLOBAL LLC	new	-	496,000	496,000	0.02%
May 15, 2024	Cubist Systematic Strategies, LLC	sold off	-100	-22,897	-	-%
May 15, 2024	MORGAN STANLEY	reduced	-1.62	245,115	8,840,400	-%
May 15, 2024	Brevan Howard Capital Management LP	added	2,358	2,592,520	2,697,460	0.02%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	4.78	91,000	1,051,000	-%
May 15, 2024	Gotham Asset Management, LLC	reduced	-36.03	-61,124	123,383	-%
May 15, 2024	Squarepoint Ops LLC	sold off	-100	-212,608	-	-%
May 15, 2024	Cetera Advisor Networks LLC	reduced	-1.54	5,313	186,584	-%
May 15, 2024	NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV	added	9.18	22,665	182,938	-%
May 15, 2024	AMUNDI	reduced	-9.62	-156,585	703,285	-%

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
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)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	91.0B	11.2B	13.18%	0.07%	46.11	8.12	3.63%	50.79%
CCI	45.2B	6.8B	10.71%	-9.11%	32.41	6.6	-2.39%	-16.60%
AVB	28.2B	2.8B	10.69%	11.82%	29.49	10.04	5.72%	-6.47%
ARE	21.7B	3.0B	6.06%	4.24%	110.53	7.35	10.44%	-73.79%
AMH	13.4B	-	5.08%	7.08%	31.6	8.22	8.93%	11.87%
REG	11.1B	1.4B	5.53%	2.30%	29.74	8.12	10.48%	-2.93%
BXP	10.0B	3.3B	9.78%	29.48%	52	3.02	4.82%	-75.15%
MID-CAP
FRT	8.4B	1.2B	5.38%	12.34%	35.36	7.33	5.48%	-38.69%
MAC	3.5B	878.0M	1.84%	69.62%	-10.13	3.95	2.35%	-290.60%
SLG	3.4B	892.3M	10.04%	147.14%	-6.73	3.86	-5.33%	-307.54%
SMALL-CAP
AAT	1.4B	444.1M	11.94%	21.68%	20.22	3.12	3.54%	8.91%
AIV	1.2B	198.2M	6.91%	0.60%	-7.62	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.43%	4.37%	36.67	1.73	27.93%	140.31%
NYMT	576.6M	285.4M	-6.09%	-35.38%	-4.18	2.02	11.05%	83.70%
IVR	459.0M	277.2M	16.05%	-12.07%	-55.97	1.66	25.89%	94.64%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.1%	181	193	192	191	165	181	184	198	164	160	165	153	145	151	147	141	170	195	193	176	167
Operating Expenses	-1.3%	150	152	149	144	147	142	148	152	158	139	152	127	127	132	135	141	143	148	148	140	141
S&GA Expenses	-100.0%	-	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
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%	25.00	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
Income Taxes	-136.6%	-0.65	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
Earnings Before Taxes	-45.7%	10.00	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
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%	10.00	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
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 Cashflow	94.6%	71.00	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

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	4,191	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
Cash Equivalents	-3.8%	334	347	354	315	273	264	387	359	430	424	582	541	567	527	373	873	1,009	234	294	375	243
Goodwill	0.0%	492	491	491	491	492	491	491	491	491	491	492	491	492	491	491	491	491	491	492	492	492
Liabilities	-0.9%	2,466	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
Long Term Debt	0.0%	974	974	974	974	974	974	974	974	973	973	973	973	973	973	973	973	973	798	606	607	608
Shareholder's Equity	75.0%	1,725	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
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	-16.97	16.00	18.00	21.00	29.00
Additional Paid-In Capital	0.5%	1,066	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
Shares Outstanding	1.5%	163	161	162	161	161	165	166	168	170	172	172	172	172	175	176	178	182	178	177	176	176
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	645	648	648	646	645	646	671	690	710	724	735
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	94.6%	70,926	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
Share Based Compensation	-34.9%	3,449	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
Cashflow From Investing	-87.7%	-71,269	-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
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	-13,130	151,010	-559,384	-84,562	750,103	-32,352	-283,132	-33,191	-32,876
Dividend Payments	-100.0%	-	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
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	-	-	-	-

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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 revenue	24,596	22,154
Third-party management and other fees	265	427
Other revenue and fees	2,436	1,950
Total revenues	181,179	164,622
Operating expenses:
Property operating expenses	45,060	42,044
Ground rent expenses	2,331	2,331
General and administrative expenses	15,972	15,708
Observatory expenses	8,431	7,855
Real estate taxes	32,241	31,788
Depreciation and amortization	46,081	47,408
Total operating expenses	150,116	147,134
Total operating income (loss)	31,063	17,488
Other income (expense):
Interest income	4,178	2,595
Interest expense	(25,128)	(25,304)
Loss on early extinguishment of debt	(553)	0
Gain on disposition of property	0	15,696
Income (loss) before income taxes	9,560	10,475
Income tax benefit	655	1,219
Net income (loss)	10,215	11,694
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)	163,491	161,339
Diluted (in shares)	267,494	265,197
Earnings per share attributable to common stockholders:
Basic (in USD per share)	$ 0.03	$ 0.04
Diluted (in USD per share)	0.03	0.04
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 costs	8,187	8,178
Building and improvements	3,327,773	3,280,657
Commercial real estate properties, at cost	3,702,317	3,655,192
Less: accumulated depreciation	(1,288,519)	(1,250,062)
Commercial real estate properties, net	2,413,798	2,405,130
Cash and cash equivalents	333,573	346,620
Restricted cash	51,738	60,336
Tenant and other receivables	40,137	39,836
Deferred rent receivables	257,266	255,628
Prepaid expenses and other assets	74,472	98,167
Deferred costs, net	180,462	172,457
Acquired below-market ground leases, net	319,284	321,241
Right of use assets	28,378	28,439
Goodwill	491,479	491,479
Total assets	4,190,587	4,219,333
Liabilities:
Mortgage notes payable, net	876,497	877,388
Senior unsecured notes, net	973,926	973,872
Unsecured term loan facilities, net	268,503	389,286
Unsecured revolving credit facility	120,000	0
Accounts payable and accrued expenses	91,005	99,756
Acquired below-market leases, net	12,798	13,750
Ground lease liabilities	28,378	28,439
Deferred revenue and other liabilities	69,289	70,298
Tenants’ security deposits	25,457	35,499
Total liabilities	2,465,853	2,488,288
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:
Preferred stock, $0.01 par value, 50,000 shares authorized, none issued or outstanding	0	0
Additional paid-in capital	1,066,030	1,060,969
Accumulated other comprehensive income	11,656	6,026
Retained deficit	(83,212)	(83,108)
Total Empire State Realty Trust, Inc. stockholders' equity	996,122	985,518
Non-controlling interests in the Operating Partnership	698,672	700,180
Non-controlling interests in other partnerships	0	15,407
Private perpetual preferred units:
Total equity	1,724,734	1,731,045
Total liabilities and equity	4,190,587	4,219,333
Class A Common Stock
Empire State Realty Trust, Inc. stockholders' equity:
Common stock	1,638	1,621
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 Thu May 16 2024, market cap of Empire State Realty Trust Inc is 1.58 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 Thu May 16 2024, ESRT's PE ratio (Price to Earnings) is 19.08 and Price to Sales (PS) ratio is 2.09. 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 -0.038 (multiply by 100 for percentage) rate of return.