Empire State Realty Trust Inc (ESRT)

Official site

REAL ESTATE • REIT - DIVERSIFIED • NYSE

$4.72

-0.05 (-1.15%)

Market Cap: $1.46B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

69%(22/32)

Avg Surprise

+148.23%

Streak

8 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$N/A

Revenue Consensus

$191M

Range$190M - $192M

2 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Sep 30, 2026Sep 26EST	-	N/A	-	-	-	-	-	-
Jun 30, 2026Jun 26 Reported Jul 29, 2026Reported Jul 29	$0.21	N/A	-	N/A	Beat	-	-	+771.4%
Mar 31, 2026Mar 26 Reported Apr 29, 2026Reported Apr 29	$0.00	$0.00	-	N/A	Beat	-	-	-86.5%
Dec 31, 2025Dec 25 Reported Feb 17, 2026Reported Feb 17	$0.07	$0.00	-	N/A	Beat	-	-	+76.3%
Sep 30, 2025Sep 25 Reported Oct 29, 2025Reported Oct 29	$0.03	$0.00	$0.00 - $0.00	N/A	Beat	0	No revisions (30d)	-63.1%
Jun 30, 2025Jun 25 Reported Jul 23, 2025Reported Jul 23	$0.02	$0.00	$0.00 - $0.00	N/A	Beat	0	No revisions (30d)	-75.9%
Mar 31, 2025Mar 25 Reported Apr 29, 2025Reported Apr 29	$0.03	$0.00	$0.00 - $0.00	N/A	Beat	0	No revisions (30d)	+14.0%
Dec 31, 2024Dec 24 Reported Feb 19, 2025Reported Feb 19	$0.04	$0.00	$0.00 - $0.00	N/A	Beat	0	No revisions (30d)	-31.2%
Sep 30, 2024Sep 24 Reported Oct 21, 2024Reported Oct 21	$0.08	$0.05	$0.05 - $0.05	+60.00%	Beat	0	No revisions (30d)	+14.3%
Jun 30, 2024Jun 24 Reported Jul 24, 2024Reported Jul 24	$0.10	$0.04	$0.04 - $0.04	+150.00%	Beat	1	No revisions (30d)	-28.6%
Mar 31, 2024Mar 24 Reported Apr 24, 2024Reported Apr 24	$0.03	$-0.00	$-0.00 - $-0.00	+1009.09%	Beat	0	No revisions (30d)	-25.0%
Dec 31, 2023Dec 23 Reported Feb 20, 2024Reported Feb 20	$0.06	$0.06	$0.06 - $0.06	+0.00%	Beat	0	No revisions (30d)	-25.0%
Sep 30, 2023Sep 23 Reported Oct 25, 2023Reported Oct 25	$0.07	$0.01	-	+600.00%	Beat	-	-	+133.3%
Jun 30, 2023Jun 23 Reported Jul 26, 2023Reported Jul 26	$0.14	$0.02	-	+600.00%	Beat	-	-	-22.2%
Mar 31, 2023Mar 23 Reported Apr 26, 2023Reported Apr 26	$0.04	$-0.03	$-0.03 - $-0.03	+233.33%	Beat	0	No revisions (30d)	+157.1%
Dec 31, 2022Dec 22 Reported Feb 15, 2023Reported Feb 15	$0.08	$0.06	$0.06 - $0.06	+33.33%	Beat	0	No revisions (30d)	+300.0%
Sep 30, 2022Sep 22 Reported Oct 26, 2022Reported Oct 26	$0.03	$0.06	$0.06 - $0.06	-50.00%	Miss	0	No revisions (30d)	+175.0%
Jun 30, 2022Jun 22 Reported Jul 27, 2022Reported Jul 27	$0.18	$0.04	$0.04 - $0.04	+350.00%	Beat	1	No revisions (30d)	+1700.0%
Mar 31, 2022Mar 22 Reported Apr 27, 2022Reported Apr 27	$-0.07	$-0.07	$-0.07 - $-0.07	+0.00%	Beat	1	No revisions (30d)	-250.0%
Dec 31, 2021Dec 21 Reported Feb 16, 2022Reported Feb 16	$0.02	N/A	-	+125.00%	Beat	1	No revisions (30d)	-88.2%
Sep 30, 2021Sep 21 Reported Oct 27, 2021Reported Oct 27	$-0.04	$0.03	$0.03 - $0.03	-233.33%	Miss	1	No revisions (30d)	+20.0%
Jun 30, 2021Jun 21 Reported Jul 28, 2021Reported Jul 28	$0.01	$-0.01	$-0.01 - $-0.01	+200.00%	Beat	1	No revisions (30d)	+125.0%
Mar 31, 2021Mar 21 Reported Apr 28, 2021Reported Apr 28	$-0.02	$-0.04	-	+50.00%	Beat	-	-	-200.0%
Dec 31, 2020Dec 20 Reported Feb 17, 2021Reported Feb 17	$0.17	$-0.01	$-0.01 - $-0.01	+1800.00%	Beat	0	No revisions (30d)	+88.9%
Sep 30, 2020Sep 20 Reported Oct 28, 2020Reported Oct 28	$-0.05	$-0.02	$-0.02 - $-0.02	-150.00%	Miss	0	No revisions (30d)	-155.6%
Jun 30, 2020Jun 20 Reported Jul 29, 2020Reported Jul 29	$-0.04	$-0.04	$-0.04 - $-0.04	+0.00%	Beat	1	No revisions (30d)	-166.7%
Mar 31, 2020Mar 20 Reported Apr 22, 2020Reported Apr 22	$0.02	$0.01	$0.01 - $0.01	+100.00%	Beat	1	No revisions (30d)	-33.3%
Dec 31, 2019Dec 19 Reported Feb 19, 2020Reported Feb 19	$0.09	$0.06	$0.06 - $0.06	+50.00%	Beat	1	No revisions (30d)	-30.8%
Sep 30, 2019Sep 19 Reported Oct 23, 2019Reported Oct 23	$0.09	$0.12	-	-25.00%	Miss	-	-	-10.0%
Jun 30, 2019Jun 19 Reported Jul 24, 2019Reported Jul 24	$0.06	$0.08	-	-25.00%	Miss	-	-	-40.0%
Mar 31, 2019Mar 19 Reported Apr 24, 2019Reported Apr 24	$0.03	$0.03	$0.03 - $0.03	+0.00%	Beat	0	No revisions (30d)	-50.0%
Dec 31, 2018Dec 18 Reported Feb 20, 2019Reported Feb 20	$0.13	$0.07	$0.07 - $0.07	+85.71%	Beat	0	No revisions (30d)	+18.2%
Sep 30, 2018Sep 18 Reported Oct 31, 2018Reported Oct 31	$0.10	$0.10	-	+0.00%	Beat	-	-	-16.7%
Jun 30, 2018Jun 18 Reported Jul 25, 2018Reported Jul 25	$0.10	$0.10	-	+0.00%	Beat	-	-	+0.0%
Mar 31, 2018Mar 18 Reported Apr 25, 2018Reported Apr 25	$0.06	$0.06	$0.06 - $0.06	+0.00%	Beat	0	No revisions (30d)	+0.0%
Dec 31, 2017Dec 17 Reported Feb 21, 2018Reported Feb 21	$0.11	$0.16	$0.16 - $0.16	-31.25%	Miss	0	No revisions (30d)	+0.0%
Sep 30, 2017Sep 17 Reported Oct 31, 2017Reported Oct 31	$0.12	$0.13	-	-7.69%	Miss	-	-	-
Jun 30, 2017Jun 17 Reported Jul 26, 2017Reported Jul 26	$0.10	N/A	-	-58.83%	Miss	-	-	-
Mar 31, 2017Mar 17 Reported Apr 26, 2017Reported Apr 26	$0.06	N/A	-	-70.00%	Miss	0	No revisions (30d)	-
Dec 31, 2016Dec 16 Reported Feb 22, 2017Reported Feb 22	$0.11	N/A	-	-51.92%	Miss	0	No revisions (30d)	-

Dividends

Dividend Metrics

Forward Yield2.96%

Forward Annual Dividend$0.14

Payout Ratio10.52%

FrequencyQuarterly

Pay MonthsMar, Jun, Sep, Dec

Growth

3Y CAGR+0.00%

5Y CAGR-7.79%

ESRT dividend history and ex-dividend dates Run ESRT in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	14.91	EV/EBITDA	16.71x
Price/FCF	7.78x	FCF Yield	12.85%
Profitability
Profit Margin	0.93%	Operating Margin	16.70%
ROE	0.52%	ROIC	-1.00%
Financial Health
Debt/Equity	2.14x	Interest Coverage	N/A
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	1.42	Avg Volume	5.35M
52-Week High	$7.83	52-Week Low	$3.93

Technical Indicators Dashboard

Moving Averages

SMA 10$4.56

SMA 20$4.32

SMA 50$4.44

SMA 200$5.33

EMA 10$4.59

EMA 20$4.46

EMA 50$4.54

EMA 200$5.31

MACD

Line: 0.10Signal: 0.01Hist: 0.09

ADX

ADX: 34.2+DI: 30.1-DI: 12.5

Aroon & PSAR

Aroon Up100.0

Aroon Down24.0

PSAR$4.43

Bollinger Bands

Upper Band$4.92

Lower Band$3.73

%B Position2748%(Upper)

Band Width0.84

RSI (14-Day)

Neutral

63.4

Momentum Oscillators

Stoch %K89.4

Stoch %D94.8

Williams %R-20.7

ROC (10d)14.4%

Momentum0.59

CCI (20d)124.8

MFI (14d)76.8

Volatility Measures

ATR (14d)$0.16(3.5%)

StdDev (20d)0.30

Hist Vol38.5%(Moderate)

Volume Flow

VWAP$4.79

OBV26.2M

AD Line-765.1M

CMF (20d)0.075

Volume Metrics

Avg Vol (20d)5.4M

Vol Ratio0.9x

VWMA (20d)$4.29

Pivot Points

R3$4.96

R2$4.90

R1$4.84

Pivot Point$4.78

S1$4.72

S2$4.66

S3$4.60

Advanced Oscillators

TSI17.91

Ultimate Osc63.6

KST33.63

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$198.47M	$162.80M	$201.08M	$198.88M	$192.65M	$170.08M	$202.67M	$201.79M	$194.63M	$184.80M	$222.93M	$195.99M
Cost of Revenue	N/A	$192.99M	$543.10M	$33.24M	$89.64M	$88.56M	$91.43M	$89.98M	$84.69M	$88.06M	$86.37M	$86.63M
Gross Profit	N/A	$-2,669,000	$-343,412,000	$164.49M	$101.14M	$91.51M	$106.17M	$109.62M	$104.85M	$93.12M	$106.52M	$104.89M

Operating Expenses	$335.61M	$160.87M	$141.97M	$158.40M	$155.66M	$154.93M	$155.35M	$150.14M	$140.01M	$150.12M	$129.20M	$149.27M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	$29.46M	$35.41M	$39.33M	$35.12M	$25.78M	$42.94M	$45.35M	$39.36M	$31.06M	$40.77M	$42.26M

Interest Income	$1.57M	$613,000	$1.95M	$1.15M	$1.87M	$3.79M	$5.07M	$6.96M	$5.09M	$4.18M	$4.74M	$4.46M
Interest Expense	$0	$28.14M	$25.88M	$0	$0	$26.94M	$29.30M	$0	$0	$0	$-25,304,000	$0
Income Before Tax	$-40,321,000	$1.93M	$33.23M	$15.29M	$11.86M	$15.16M	$19.94M	$24.24M	$29.30M	$9.56M	$17.62M	$21.34M
Income Tax Expense	$-767,000	$-1,062,000	$1.05M	$1.65M	$478,000	$-619,000	$1.15M	$1.44M	$750,000	$-655,000	$1.79M	$1.41M

Net Income	$-39,554,000	$3.00M	$32.17M	$13.64M	$11.38M	$15.78M	$18.79M	$22.80M	$28.55M	$10.21M	$15.83M	$19.93M

EBITDA	$-83,775,000	$55.74M	$113.13M	$91.39M	$88.07M	$67.27M	$96.10M	$101.24M	$105.76M	$84.29M	$147.08M	$97.03M
EBIT	$-137,138,000	$1.93M	$59.11M	$40.48M	$36.99M	$15.16M	$47.32M	$51.65M	$54.63M	$34.69M	$93.72M	$46.72M

* Some calculated fields are derived from available data when not provided by source

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News

Empire State Realty Trust Currently Up Eight Consecutive Days, on Track for Record Winning Streak -- Data Talk

Empire State Realty Trust (ESRT) has seen its stock price increase for eight consecutive trading days, putting it on track for its longest winning streak since February 2011. The recent gains have pushed ESRT shares...

Moomoo•Oct 13, 2026 7:11 AM ET10/13/26•Bullish

Form 4 Empire State Realty Trust Inc For: 12 October By Investing.com

This article announces the filing of Form 4 by Empire State Realty Trust Inc. on October 12. It is a brief, one-line report from Investing.com...

Investing.com Nigeria•Oct 12, 2026 12:41 PM ET10/12/26•Neutral

Form 4 Empire State Realty Trust Inc For: 10 October By Investing.com

This article reports on the filing of Form 4 by Empire State Realty Trust Inc. for October 10. Form 4 is a document filed with the SEC to disclose changes in beneficial ownership of securities by company insiders....

Investing.com South Africa•Oct 11, 2026 10:43 PM ET10/11/26•Neutral

Form 4 Empire State Realty Trust Inc For: 11 October By Investing.com

This article from Investing.com reports the filing of a Form 4 for Empire State Realty Trust Inc., dated October 11. Form 4 is a document required by the SEC to be filed by company insiders to report changes in their...

Investing.com South Africa•Oct 11, 2026 2:32 PM ET10/11/26•Neutral

Form 4 Empire State Realty Trust Inc For: 9 October By Investing.com

This article reports on the filing of Form 4 by Empire State Realty Trust Inc., dated October 9th. It is a brief announcement without further details about the specific contents of the filing. The article also provides...

Investing.com Nigeria•Oct 9, 2026 9:02 PM ET10/9/26•Neutral

ESRT Valuation and Fair Value

P/E: 14.9x
Forward P/E: 129.9x
EV/EBITDA: 16.7x
P/FCF: 7.8x
PEG: 37.4x
P/B: 0.8x

See GNG's fair value

ESRT Profitability: Margins, ROIC and FCF

Operating margin: 16.7%
Net margin: 0.9%
ROIC: -1.0%
ROE: 0.5%
FCF margin: 13.6%
FCF yield: 12.8%

ESRT Competitors

Company	Ticker
CBL & Associates Properties Inc	CBL
Paramount Group Inc	PGRE
Alexander & Baldwin Holdings Inc	ALEX
Innovative Industrial Properties Inc	IIPR
Kennedy-Wilson Holdings Inc	KW
Empire State Realty OP LP ES	ESBA
Ellington Financial Inc.	EFC
Empire State Realty OP LP	OGCP

Sector: Real Estate

ESRT Analyst Ratings

Consensus: Hold
Analysts: 6
Strong Buy: 0
Buy: 2
Hold: 3
Sell: 1
Strong Sell: 0

ESRT Bull Case vs Bear Case

Bull case

ESRT beat EPS estimates in 100.0% of its last 8 reported quarters.

Bear case

ESRT has a debt-to-equity ratio of 2.1x.

ESRT Earnings: Beat Rate and Next Report

Beat rate: 8 of 8 quarters (100.0%)
Average surprise: 105.0%

ESRT Dividend

Forward yield: 3.0%
Payout ratio: 10.5%
3Y DPS growth: 0.0%
5Y DPS growth: -7.8%
Pay months: Mar, Jun, Sep, Dec

ESRT dividend history

Frequently Asked Questions About ESRT

What is ESRT's current dividend yield?

Empire State Realty Trust Inc (ESRT) has a forward dividend yield of 2.96%.

Does ESRT pay dividends?

Yes, Empire State Realty Trust Inc pays dividends with a forward dividend yield of 2.96%.

What is ESRT's P/E ratio?

Empire State Realty Trust Inc has a price-to-earnings (P/E) ratio of 14.91.

What is ESRT's market cap?

Empire State Realty Trust Inc (ESRT) has a market capitalization of $1.46B with a current stock price of $4.72.

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