Empire State Realty Trust, Inc. (NYSE: ESRT), a major real estate investment trust (REIT), owns, manages, operates, acquires and repositions offices and retail properties in Manhattan and the New York metropolitan area, including the Empire State Building, the?
| Revenue (TTM) | $778.14M |
| Gross Profit (TTM) | $403.42M |
| EBITDA | $313.77M |
| Operating Margin | 18.90% |
| Return on Equity | 0.08% |
| Return on Assets | 1.92% |
| Revenue/Share (TTM) | $4.56 |
| Book Value | $10.57 |
| Price-to-Book | 0.50 |
| Price-to-Sales (TTM) | 2.09 |
| EV/Revenue | 3.891 |
| EV/EBITDA | 9.76 |
| Quarterly Earnings Growth (YoY) | -61.30% |
| Quarterly Revenue Growth (YoY) | -2.40% |
| Shares Outstanding | $172.17M |
| Float | $125.47M |
| % Insiders | 7.67% |
| % Institutions | 101.44% |
Volatility is currently contracting
Empire State Realty Trust NYSE: ESRT reported third-quarter 2026 Core FFO of $0.20 per diluted share and raised its full-year Core FFO guidance to between $0.77 and $0.80 per fully diluted share, citing stronger-than-expected year-to-date property portfolio results and capital-markets activity.
Empire State Realty Trust is trading near 52-week lows after a 30% YTD decline, despite recent positive analyst sentiment. ESRT's Observatory segment faces accelerating visitor declines, prompting a downward revision of 2026 Core FFO guidance by 11.5%. Leasing momentum is strong, but cash flow growth is delayed by free rent burn-off and upcoming lease expirations.
Packaging company Clearwater Paper was a contributor in the quarter. Alaskan cable company Liberty Capital was a contributor in the quarter. Empire State Realty's underperformance this quarter was mostly driven by its Empire State Building Observatory hitting a rough patch over the last two years. Broadband operator Shenandoah Telecommunications was a contributor for us in the first half of the year but detracted in the third quarter.
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Oct. 6, 2026 /PRNewswire/ -- NEW YORK, The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it will release its third quarter 2026 financial results on Monday, November 2, 2026, after the close of markets on the New York Stock Exchange. A conference call will be held on Tuesday, November 3, 2026, at 12:00 p.m. Eastern Time. During the conference call, the Company's officers will review third quarter performance, discuss recent events and conduct a question-and-answer period. T.
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2026, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership unit.
I believe shares in Empire State Realty appear attractive at its current 52-week lows and at a forward P/FFO of sub 6x. The multiple is a fraction of its NYC-based peers, SL Green and Vornado, who trade at forwards of 11x and 17x, respectively. I continue to like ESRT's observatory operations despite the significant decline in YOY visitation. I further view the likelihood of an eventual recovery as a catalyst for continued growth.
Empire State Realty Trust NYSE: ESRT reported stronger office leasing and continued multifamily growth in the second quarter of 2026, while lower visitation at the Empire State Building Observation Deck weighed on results and prompted the company to reduce its full-year core FFO outlook.
Empire State Realty Trust, Inc. (ESRT) Q2 2026 Earnings Call Transcript
NEW YORK--(BUSINESS WIRE)--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 Observation Deck. The Company is a recognized leader in energy efficiency and indoor environmental quality. Today the Company reported its operational and financial.
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