NVDA+2.54%AAPL+1.32%GOOGL−1.62%MSFT+0.20%AMZN−0.10%TSM+1.60%SPCX+7.79%META+0.47%
StockVS

NYSE · REIT - Diversified · USD

Empire State Realty Trust, Inc. (ESRT) Stock Analysis

Empire State Realty Trust, Inc. (ESRT) is a REIT - Diversified stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

ESRT

$4.67

−$0.04 (−0.85%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare ESRT with… →

ESRT Key Statistics

As of Oct 21, 2026
Trading
Open
$4.71
Previous Close
$4.71
Day's Range
4.66–4.74
52-Week Range
3.93–8.04
Volume
4.66M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.42
Valuation
Market Cap
$1.43B
P/E Ratio
233.50
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
77.83
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
37.36
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.83
EPS (ttm)Profit attributable to each share over the last twelve months.
0.02
Financials (FY)
Revenue (FY)
$767.81M+0.61%
Net Income (FY)
$47.60M−7.83%
Profit marginThe share of revenue left as profit after all costs and taxes.
0.93%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
172.17M
1-Year Return
−38.08%
Dividend and dates
Dividend
$0.14+2.97%
Ex-Dividend Date
September 15, 2026
Earnings Date
November 2, 2026
Avg Volume
3.61M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ESRT closed at $4.67, −38.08% over 1 year.

Empire State Realty Trust, Inc. (ESRT) has a market capitalization of $1.43B.

In fiscal 2025, ESRT reported revenue of $767.81M.

ESRT Stock Return by Calendar Year

Empire State Realty Trust, Inc. (ESRT) 10-year return: what $10,000 became

1 year
$10,000 $6,192
−38.08%
5 years
$10,000 $4,670
−53.30%
10 years
$10,000 $2,836
−71.64%

If you had invested $10,000 in Empire State Realty Trust, Inc. (ESRT) 10 years ago, at the close on October 21, 2016, it would have been worth $2,836 at the close on October 21, 2026: −71.64% in total, −11.84% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−27.43%
2025−35.68%
2024+7.97%
2023+46.32%
2022−22.82%
2021−3.53%
2020−31.48%
2019+0.90%
2018−28.91%
2017+3.77%
2016 (partial year)−1.84%

As of October 21, 2026.

ESRT Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$767.81M$47.60M6.2%
2024$763.15M$51.64M6.8%
2023$739.57M$53.25M7.2%
2022$707.01M$40.64M5.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$767.81M$402.79M$135.19M$47.60M6.2%
2024$763.15M$408.99M$153.94M$51.64M6.8%
2023$739.57M$400.56M$146.71M$53.25M7.2%
2022$707.01M$385.66M$107.00M$40.64M5.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ESRT Dividend History

$0.14+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.113—
2025$0.144+0.0%
2024$0.144+0.0%
2023$0.144+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$0.113—
2025$0.144+0.0%
2024$0.144+0.0%
2023$0.144+0.0%
2022$0.144+33.3%
2021$0.113−50.0%
2020$0.212−50.0%
2019$0.424+0.0%
2018$0.424+0.0%
2017$0.424+300.0%
2016$0.111—

Most recent payment: $0.03 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

ESRT Valuation vs REIT - Diversified Median

Median of 17 stocks
MetricESRTREIT - Diversified medianvs median
P/E233.5022.0510.6x the median
P/S ratio1.833.3946% below
Profit margin0.93%2.12%1.2 pts below

Medians across 17 REIT - Diversified stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 17 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Empire State Realty Trust, Inc. (ESRT) at $1.43B. The company sits in the Real Estate sector, in the REIT - Diversified industry. The company reports 642 employees.

The 52-week range on file runs from $3.93 to $8.04. The most recent close on file for ESRT is $4.67, dated October 21, 2026. That is −$0.04 (−0.85%) against the previous close. The latest close sits 18.83% above that 52-week low.

Financial Health

In fiscal 2025, Empire State Realty Trust, Inc. reported revenue of $767.81M. That is +0.61% against the prior fiscal year, when revenue was $763.15M. The same year closed with net income of $47.60M. That is −7.83% against the prior fiscal year. Profit margin runs at 0.93%. That is 1.2 percentage points below the REIT - Diversified median of 2.12%. Earnings per share on a trailing basis come to 0.02.

Across the 4 fiscal years on file, revenue moves from $707.01M in 2022 to $767.81M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

ESRT trades at a trailing price-to-earnings ratio of 233.5. That is 10.6 times the REIT - Diversified median of 22.05. On forward earnings the ratio is 77.83. The PEG ratio, which sets the P/E against expected earnings growth, reads 37.36. The price-to-sales ratio is 1.83. On price-to-sales that is 46.02% below the REIT - Diversified median of 3.39. The medians here are taken across 17 REIT - Diversified companies that report the metric.

Over the trailing twelve months the total return is −38.08%. Measured over 10 years, that is −11.84% a year compounded. Beta against the wider market is reported at 1.42. Daily returns over the trailing 10 years annualize to a volatility of 36.59%.

Growth & Income

ESRT pays a dividend yielding 2.97%. That is 4.1 percentage points below the REIT - Diversified median yield of 7.05%. At the indicated rate that is $0.14 a share a year. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.11 a share. The year before, 2025, totalled $0.14 a share.

So far in 2026 the total return is −27.43%. Across the complete calendar years on file, 2023 returned +46.32% and 2025 returned −35.68%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

Empire State Realty Trust, Inc. (ESRT) operates in the REIT - Diversified industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Empire State Realty Trust, Inc. ESRT $1.43B 233.5
VICI Properties Inc. VICI $25.49B 9.0
W. P. Carey Inc. WPC $14.25B 21.4
Broadstone Net Lease, Inc. BNL $3.67B 22.7

The REIT - Diversified industry average P/E ratio is 22.1x. Empire State Realty Trust, Inc. trades at a P/E of 233.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related REIT - Diversified Stocks

VICI

VICI Properties Inc.

$25.49B

 WPC

W. P. Carey Inc.

$14.25B

 BNL

Broadstone Net Lease, Inc.

$3.67B

 GNL

Global Net Lease, Inc.

$1.65B

 AAT

American Assets Trust, Inc.

$1.59B

 JBGS

JBG SMITH Properties

$827.14M
View all REIT - Diversified stocks →

Popular Real Estate Stocks

WELL

Welltower Inc.

$168.75B

 PLD

Prologis, Inc.

$124.04B

 EQIX

Equinix, Inc.

$98.18B

 AMT

American Tower Corporation

$82.77B

 SPG

Simon Property Group, Inc.

$78.03B
View all Real Estate stocks →

About Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc. 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. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2026, ESRT's portfolio is comprised of approximately 7.5 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Empire State Realty Trust, Inc. was established on July 29, 2011, and was incorporated in 2011 in Maryland and is based in New York.

Visit website →