Empire State Realty Trust, Inc. (ESRT)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 609 | 608 | 707 | 740 | 763 | 768 | 784 | 774 |
| Operating profit | $m | 136 | 132 | ||||||
| Net profit | $m | -13 | -7 | 41 | 53 | 52 | 48 | - | 208 |
| EPS reported | $ | 0.18 | 0.04 | ||||||
| Operating cashflow per share | $ | 1.48 | 1.33 | ||||||
| Capex per share | $ | 1.18 | 0.72 | ||||||
| FCF per share | $ | 0.30 | 0.61 | ||||||
| Free cash flow | $m | 51 | 104 | ||||||
| Net debt | $m | 2,207 | 2,141 | ||||||
| Book value equity | $m | 1,060 | 1,039 | ||||||
| Book value per share | $ | 3.93 | 3.86 | ||||||
| Number of shares | m | 270.04 | 268.95 | ||||||
| DPS (TTM paid) | $ | 0.14 | 0.14 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 36.22 | - | ||||||
| P/B LTM | x | 1.04 | 1.06 | ||||||
| P/S LTM | x | 1.43 | 1.40 | ||||||
| P/FCF LTM | x | 21.74 | 10.58 | ||||||
| EV/EBITDA LTM | x | 9.01 | 10.71 | ||||||
| EV/Sales LTM | x | 4.39 | 3.77 | ||||||
| Earnings Yield LTM | % | +2.76% | +0.90% | ||||||
| FCF Yield | % | +4.60% | +9.45% | ||||||
| Quality | |||||||||
| ROE | % | +4.49% | +0.69% | ||||||
| ROIC | % | +2.94% | +2.90% | ||||||
| Operating margin | % | +17.66% | +16.78% | ||||||
| Gross margin | % | +1.79% | -22.88% | ||||||
| FCF/Sales | % | +6.58% | +13.24% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -35.71% | - | ||||||
| Sales Growth YoY | % | +0.67% | +2.76% | ||||||
| Net Income Growth YoY | % | -7.83% | - | ||||||
| FCF Growth | % | -80.62% | -60.20% | ||||||
| Operating Profit Growth | % | -14.53% | -17.08% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.54% | +2.95% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | +57.45% | -401.96% | ||||||
| FCF/Debt | x | 0.02 | 0.05 | ||||||
| Net Debt/EBITDA | x | 6.08 | 6.80 | ||||||
| EBIT/Net interest | x | 1.31 | 1.23 | ||||||
| Net debt/market cap | % | +2.16% | +2.74% | ||||||
| Net debt/Equity | x | 2.08 | 2.06 | ||||||
| Gross debt/equity | x | 2.30 | 2.14 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Empire State Realty Trust, Inc. (ESRT)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.
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