EMPIRE STATE REALTY REIT INC TRUST (ESRT)
Real Estate · NYSE
Manhattan-centric REIT anchored by the iconic Empire State Building, focused on high-quality office leasing and the Observatory's top-ranked tourist attraction.
What EMPIRE STATE REALTY REIT INC TRUST does
Empire State Realty Trust is a REIT that owns and operates a diversified portfolio of office, retail, and multifamily real estate assets totaling approximately 7.9 million rentable square feet of office space, 0.8 million of retail space, and 743 residential units, primarily located in New York City. The company's flagship asset is the Empire State Building, which features the Observatory, ranked the #1 Top Attraction in New York City. ESRT focuses on leasing high-quality, modernized, and amenity-rich properties to corporate tenants while maintaining strong capital discipline and energy efficiency leadership.
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Fundamentals
- Price$5.39 as of 2026-07-09 close
- Market cap$934M as of 2026-07-10
- 1-year return-33.5% as of 2026-07-09 close
- P/E23.57 as of 2026-07-10
- Net margin+5.1% as of 2026-07-10
- Gross margin+53.8% as of 2026-07-10
- ROE+3.7% as of 2026-07-10
- Debt / equity2.12 as of 2026-07-10
- Revenue growth (YoY)+1.5% as of 2026-07-10
- Revenue CAGR (3y)+1.9% SEC XBRL
- Beta1.39 as of 2026-07-10
Dividend: yield +2.6%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Competitors & peers
- RXR Acquisition Corp (real estate portfolio companies)
- SL Green Realty (Manhattan office REIT)
- Boston Properties (office REIT)
- Paramount Group (office REIT)
- Manhattan corporate tenants
- Retail tenants in NYC
- Tourists and hospitality (Observatory)
- Multifamily residential renters in NYC
- High concentration risk in Manhattan office market, which has faced post-pandemic occupancy and leasing challenges affecting occupancy rates and rental rates
- Significant debt load ($2.3B in mortgage and unsecured debt) limits financial flexibility and increases sensitivity to interest rate changes and refinancing risk
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.