ESRT$6.40
$6.4456
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Performance
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AI ESRT Summary
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Powered by LiveAIOverall Analysis
HoldEmpire State Realty Trust (ESRT) presents a mixed investment profile. Fundamentally, the company shows moderate profitability and a manageable debt load. Thematic exposure to New York City real estate offers specific market dynamics. Technical indicators suggest current weakness, warranting a cautious approach.
Thematic
ESRT's thematic exposure is primarily linked to the performance of the New York City commercial real estate market, particularly office and retail spaces. While the flagship Empire State Building offers a unique brand, broader market trends and economic conditions in NYC heavily influence its outlook.
Fundamental
ESRT exhibits a reasonable financial position with manageable debt and a consistent, albeit modest, dividend. Profitability has been stable, with recent quarters showing positive revenue and net income trends. Valuation metrics like P/E are high on a quarterly basis but more normalized on an annual/TTM basis.
Technical
ESRT's technical indicators suggest a downtrend. The stock price is trading below key moving averages, and momentum oscillators are largely signaling 'Sell' or 'Neutral', indicating potential for further downside in the short to medium term.
| Factor | Score |
|---|---|
| NYC Commercial Real Estate Market | 50 |
| Flagship Asset Value | 80 |
| Energy Efficiency & Sustainability Focus | 70 |
| Portfolio Diversification | 40 |
| Factor | Score |
|---|---|
| Valuation | 40 |
| Profitability | 65 |
| Growth | 55 |
| Balance Sheet Health | 60 |
| Cash Flow | 75 |
| Dividend | 60 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 40 |
| Volume Confirmation | 50 |
| Support & Resistance | 65 |
| Oscillators | 45 |
AI Investing Checklist
Powered by LiveAIBullish Points (6)
Positive EPS Surprises
The company has reported positive earnings per share (EPS) surprises in its last two reported quarters (2024Q4 and 2024Q3), exceeding analyst estimates by 60.0% and 150.0% respectively, indicating strong earnings momentum.
Attractive Forward P/E Ratio
The forward Price-to-Earnings (P/E) ratio for the upcoming year (2025) is projected to be 127.0, which, while appearing high, should be considered in conjunction with projected revenue growth. The Price-to-Sales (P/S) ratio for 2025Q1 is 7.2, which needs further context against industry peers.
Bearish Points (8)
High Quarterly P/E and P/S Ratios
The quarterly P/E ratios in 2024 have been significantly high, reaching as much as 198.2 (Q2 2024), and the P/S ratio for Q1 2025 is 7.2, which could indicate overvaluation if not supported by exceptional future growth.
Increasing Debt Load
The company's total debt has increased from $2.27 billion in Q4 2022 to $2.48 billion in Q4 2024. While free cash flow is positive, the rising debt requires careful monitoring.
Calendar
June 2025
13
Ex-Dividend Date
June 2025
30
Next Dividend Date
October 2025
21
Next Earnings Date
H: $
A: $
L: $
H: 202.10M
A: 198.63M
L: 195.17M
Profile
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 that was declared the #1 Attraction in the World and the #1 Attraction in the U.S. for the third consecutive year in Tripadvisor's 2024 Travelers' Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2025, ESRT's portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units.
Seasonals
Price Target
9.13 USD
The 39 analysts offering 1 year price forecasts for ESRT have a max estimate of 10.00 and a min estimate of 8.00.
Debt Level and Coverage
Financial Position Analysis
Ownership
Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
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