Empire State Realty Trust, Inc.ESRT

$5.24+0.10 (+1.95%)
NYSEReal Estate24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
-70%
2016 — today
10-Year Price
-70%
2016 — today
52-Week Range
$4.96$8.47
Current $5.24· 8%

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.

Valuation in context

P/E ratio
32.3
Below average
Below the 10-year average
P/B ratio
0.8
Near historic low
Near historic low — last 10 years
EV / EBITDA
10.2
Near historic low
Near historic low — last 10 years
Dividend Yield
2.7%
Historically high
Historically high relative to the last 10 years
FCF Yield
4.3%
Above average
Above the 10-year average
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