
ESRT
Empire State Realty Trust Inc
- Overview
- Forecast
- Valuation
- Earnings

Line
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Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
7.470
Open
7.460
VWAP
--
Vol
1.38M
Mkt Cap
1.50B
Low
7.340
Amount
--
EV/EBITDA(TTM)
26.57
Total Shares
165.02M
EV
4.08B
EV/OCF(TTM)
14.92
P/S(TTM)
3.03
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
199.54M
+0.98%
--
--
198.83M
-0.39%
--
--
191.41M
+0.98%
--
--
Estimates Revision
The market is revising Upward the revenue expectations for Empire State Realty Trust, Inc. (ESRT) for FY2025, with the revenue forecasts being adjusted by 2.45% over the past three months. During the same period, the stock price has changed by 6.18%.
Revenue Estimates for FY2025
Revise Upward

+2.45%
In Past 3 Month
Stock Price
Go Up

+6.18%
In Past 3 Month
5 Analyst Rating

28.01% Upside
Wall Street analysts forecast ESRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESRT is 9.46 USD with a low forecast of 8.30 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
2 Hold
1 Sell
Hold

28.01% Upside
Current: 7.390

Low
8.30
Averages
9.46
High
11.00

28.01% Upside
Current: 7.390

Low
8.30
Averages
9.46
High
11.00
BMO Capital
John Kim
Buy
Maintains
$12 → $13
2024-11-15
Reason
BMO Capital
John Kim
Price Target
$12 → $13
2024-11-15
Maintains
Buy
Reason
BMO Capital raised the firm's price target on Empire State Realty to $13 from $12 and keeps an Outperform rating on the shares. The analyst is citing the firm's tour of Empire State's $225M Williamburg retail portfolio, which has initially been met with some skepticism, and BMO believes the upside potential is attractive, particularly compared with its source of funds. The REIT also has the highest leased percentage among its NYC peers, BMO adds.
Wells Fargo
Blaine Heck
Sell
Maintains
$7 → $10
2024-09-11
Reason
Wells Fargo
Blaine Heck
Price Target
$7 → $10
2024-09-11
Maintains
Sell
Reason
See All Ratings
Valuation Metrics
The current forward P/E ratio for Empire State Realty Trust Inc (ESRT.N) is 96.46, compared to its 5-year average forward P/E of 109.98. For a more detailed relative valuation and DCF analysis to assess Empire State Realty Trust Inc 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A
5Y Average PE
109.98
Current PE
96.46
Overvalued PE
431.50
Undervalued PE
-211.54
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair
5Y Average EV/EBITDA
12.87
Current EV/EBITDA
11.62
Overvalued EV/EBITDA
14.66
Undervalued EV/EBITDA
11.07
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair
5Y Average PS
2.35
Current PS
1.83
Overvalued PS
3.04
Undervalued PS
1.66
Financials
Annual
Quarterly
FY2025Q1
YoY :
-0.61%
180.07M
Total Revenue
FY2025Q1
YoY :
-16.98%
25.79M
Operating Profit
FY2025Q1
YoY :
+54.46%
15.78M
Net Income after Tax
FY2025Q1
YoY :
+50.00%
0.03
EPS - Diluted
FY2025Q1
YoY :
-12400.30%
41.08M
Free Cash Flow
FY2025Q1
YoY :
+88.99%
51.50
Gross Profit Margin - %
FY2025Q1
YoY :
-413.12%
-8.83
FCF Margin - %
FY2025Q1
YoY :
+55.32%
8.76
Net Margin - %
FY2025Q1
YoY :
+10.29%
4.18
ROIC
Trading Trends
Insider
Insiders areSelling! The selling amount has increased 153.77% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
344.6K
USD
4
6-9
Months
135.8K
USD
2
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
19.6K
Volume
1
6-9
Months
319.1K
Volume
1
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
1
442.9K
Volume
Months
6-9
2
1.2M
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders areSelling! The selling amount has increased 153.77% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
344.6K
USD
4
6-9
Months
135.8K
USD
2
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
ESRT News & Events
Events Timeline
2025-07-23 (ET)
2025-07-23
16:12:02
Empire State Realty cuts FY25 core EPS view to 83c-86c from 86c-89c

2025-07-23
16:11:10
Empire State Realty reports Q2 core FFO 22c vs 24c last year

2025-06-25 (ET)
2025-06-25
10:53:02
New York City REITs fall after Mamdani primary win

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News
9.5
07-28NASDAQ.COMPinnedEmpire State Realty Trust Q2 Revenue Up
9.5
07-25Yahoo FinanceEmpire State Realty Trust Inc (ESRT) Q2 2025 Earnings Call Highlights: Navigating Challenges ...
7.5
07-21NewsfilterElsberg Baker & Maruri PLLC Signs New 40k Square Foot Lease at the Empire State Building
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FAQ

What is Empire State Realty Trust Inc (ESRT) stock price today?
The current price of ESRT is 7.39 USD — it has decreased -0.67 % in the last trading day.

What is Empire State Realty Trust Inc (ESRT)'s business?

What is the price predicton of ESRT Stock?

What is Empire State Realty Trust Inc (ESRT)'s revenue for the last quarter?

What is Empire State Realty Trust Inc (ESRT)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Empire State Realty Trust Inc (ESRT)'s fundamentals?

How many employees does Empire State Realty Trust Inc (ESRT). have?
