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Empire State Realty Trust
ESRT.US
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory, ranked the 1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality.
1.412 T
ESRT.USMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Equity Real Estate Investment Trusts (REITs)Industry
Industry Ranking87/164
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreC
    • ROE3.39%C
    • Profit Margin5.10%C
    • Gross Margin53.45%B
  • Growth ScoreC
    • Revenue YoY1.02%C
    • Net Profit YoY-23.12%D
    • Total Assets YoY-7.45%D
    • Net Assets YoY2.33%C
  • Cash ScoreB
    • Cash Flow Margin2195.87%A
    • OCF YoY1.02%C
  • Operating ScoreD
    • Turnover0.18D
  • Debt ScoreD
    • Gearing Ratio56.21%D

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
    View More

    Empire State Realty Trust Acquires Scholastic Building for $386 Million

    Empire State Realty Trust Inc. will acquire the Scholastic Building in Manhattan for $386 million. The property includes office and retail space, with 70% currently leased. The acquisition is all-cash and expected to close in December 2025. The company sees value in a 110,000-square-foot block within the building.

    Reuters·
    US
    ESRT
    -2.28%
    Reuters·
    US
    ESRT
    -2.28%

    Empire State Realty Trust Leases Williamsburg Retail Space to HOKA and Tecovas

    Empire State Realty Trust Inc. has signed new retail leases with HOKA and Tecovas in Williamsburg, Brooklyn. HOKA will open a 4,148 sq ft store at 91 N. Sixth Street, and Tecovas will lease a 4,174 sq ft space at 89 N. Sixth Street. These additions enhance ESRT’s retail presence in the area.

    Reuters·
    US
    ESRT
    -2.28%
    Reuters·
    US
    ESRT
    -2.28%

    Empire State Realty Trust (ESRT): Assessing Valuation After New $210 Million Credit Facility Expands Financial Flexibility

    Empire State Realty Trust finalized a $210 million amended credit agreement, enhancing financial flexibility. Despite this, the company's share price has shown only modest strength recently, with a 1-year total shareholder return of -37.4%. Analysts debate whether the stock is undervalued, with a fair value estimate of $8.97 versus the last close price of $6.93. The company's high PE ratio of 33.8x compared to the industry average of 22.4x suggests potential overvaluation. Key factors include leasing momentum, sustainability efforts, and potential risks from operating costs and tourism slowdown.

    Simplywall·
    US
    ESRT
    -2.28%
    Simplywall·
    US
    ESRT
    -2.28%

    Will Empire State Realty Trust's (ESRT) New Credit Facility Reshape Its Financial Flexibility Strategy?

    Empire State Realty Trust has amended its credit agreement, securing a $210 million senior unsecured term loan with an option to increase to $310 million, extending debt maturity to 2029. This move enhances financial flexibility and liquidity, supporting operational needs and future investments. The company aims to leverage this to improve its investment narrative and financial outlook, despite ongoing expense pressures. The fair value of ESRT is estimated at $8.97 per share, reflecting a 33% upside potential. Analysts highlight the benefits of increased borrowing capacity amid rising expenses.

    Simplywall·
    US
    ESRT
    -2.28%
    Simplywall·
    US
    ESRT
    -2.28%

    Empire State Realty Trust Secures Amended $210 Million Unsecured Term Loan Facility

    Empire State Realty Trust Inc. has secured an amended $210 million unsecured term loan facility through an agreement with Wells Fargo Bank and other lenders. The facility, which can be increased to $310 million, will be used for working capital and general corporate purposes. The loan bears interest based on the secured overnight financing rate (SOFR) plus a margin of 1.500% to 2.050% per annum. The agreement includes customary covenants and default provisions.

    Reuters·
    US
    ESRT
    -2.28%
    Reuters·
    US
    ESRT
    -2.28%
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