Empire State Realty Trust, Inc.
ESRT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Empire State Realty Trust operates in a competitive real estate market with a focus on diversified properties, which can provide stability and growth opportunities.
- In Q2 2026, revenue increased by 4% compared to the previous quarter, reaching $197 million.
- The gross margin improved to 52.3%, up from 51% in the prior quarter.
- The company's trailing P/E ratio of 221.5 indicates that it may be overvalued compared to its earnings.
- In Q2 2026, the net income was negative at -$24.772 million, highlighting ongoing profitability challenges.
- The debt-to-equity ratio stands at 124.458, suggesting a high level of leverage that could pose risks in a downturn.
Fundamentals
| Market cap | $1.40B | Enterprise value | $3.68B | Trailing P/E | 229.00 | Forward P/E | 76.33 |
| PEG | 37.36 | Price / book | 0.76 | Beta | 1.42 | Dividend yield | 3.06% |
| Revenue growth | 3.2% | Earnings growth | — | Gross margin | 52.3% | Operating margin | 16.7% |
| Profit margin | 0.9% | ROE | 0.5% | ROA | 2.1% | Debt / equity | 1.24 |
| Current ratio | 1.45 | Free cash flow | $284.91M | Analyst recommendation | hold | Mean target | $5.40 |
| 52w high | $8.04 | 52w low | $3.93 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $197M | $189M | $199M | $198M | $191M | — |
| Op margin | 13.9% | 14.9% | 17.8% | 19.9% | 18.2% | — |
| Net income | -$24.8M | $2.3M | $20.7M | $9.0M | $7.6M | — |
| Gross margin | 52.3% | 51.0% | 52.4% | 53.5% | 53.0% | — |
| Gross profit | $103M | $96.4M | $104M | $106M | $101M | — |
| Operating income | $27.4M | $28.1M | $35.4M | $39.3M | $34.7M | — |
- Revenue +4% vs prior quarter ($197M vs $189M).
- Gross margin 52.3% (was 51% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $768M | $763M | $740M | $707M | — |
| Op margin | 17.6% | 20.2% | 19.8% | 15.1% | — |
| Net income | $47.6M | $51.6M | $53.2M | $40.6M | — |
| Gross margin | 52.5% | 53.6% | 54.2% | 54.5% | — |
| Gross profit | $403M | $409M | $401M | $386M | — |
| Operating income | $135M | $154M | $147M | $107M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Activist Erez Takes 5.8% Stake in Empire State Realty Trust
2026-10-07 · Activist Investor Buys Stake In Empire State Building Owner
2026-10-06 · Empire State Realty Trust Shares Rise After Erez Asset Management Reveals 5.8% Stake
2026-10-06 · NYSE Texas Delivers White Paper to Highlight its Mission: NYSE Content Update
2026-10-06 · NYSE Texas Delivers White Paper to Highlight its Mission: NYSE Content Update
2026-10-06 · NYSE Texas Delivers White Paper to Highlight its Mission: NYSE Content Update
2026-10-01 · Empire State Realty Trust Announces Dates for Third Quarter 2026 Earnings Release and Conference Call
2026-09-09 · Manhattan Class B Offices Add Amenities to Compete
2026-09-08 · Empire State Building Observation Deck Opens Skyline to NYC Students with Complimentary Visit Program
Price (daily)
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