
NYSE:ESRT
This summary was created by AI, based on 1 opinions in the last 12 months.
Empire State Realty Trust (ESRT-N) has recently faced significant challenges, particularly regarding attendance at the iconic Empire State Building. Negative sentiment surrounding travel to the US has adversely impacted visitor numbers, leading to a downturn in the company's operating income for Q2. Experts have expressed concerns over the enduring impact of these negative feelings on future business prospects. Consequently, one analyst has decided to exit their position in ESRT and seek out alternative opportunities within the New York office space market. Overall, the outlook for ESRT appears cautious amidst the changing landscape of tourism and real estate in the area.
Primarily office buildings across New York City, as well as retail and a bit of multi-family. Revenue: office (60%), retail/multi-family (10-20%), and Empire State Building Observatory (~25% net operating income). The iconic Observatory recently voted #1 attraction in the world.
Likes the Manhattan office market, seeing increasing leasing volume. It's a market of haves (lots of capital) and have nots (not well capitalized). ESRT is well capitalized. Attracting tenants with value. 28% discount to NAV. Listed as the #1 globally sustainable REIT. Yield is 1.3%.
Empire State Realty Trust is a American stock, trading under the symbol ESRT (previously ESRT-N on Stockchase) on the New York Stock Exchange (ESRT). It is usually referred to as NYSE:ESRT or ESRT
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on ESRT (previously ESRT-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is PAST TOP PICK. Read the latest stock experts' ratings for Empire State Realty Trust.
Empire State Realty Trust was recommended as a Top Pick by Andrew Moffs on 2025-09-29. Read the latest stock experts ratings for Empire State Realty Trust.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Empire State Realty Trust.
Empire State Realty Trust is covered by Stockchase experts and is worth watching.
On 2026-08-14, Empire State Realty Trust (ESRT) stock closed at a price of $4.75.
Negative sentiment on travel to the US, which is affecting attendance at the Empire State Building. Operating income went down in Q2. Sentiment is hard to fight, so he exited and found other names in NY office space.