NYSE:ESRT
Empire State Realty Trust (ESRT-N)
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Apr 9, 2025, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Empire State Realty Trust (ESRT) primarily engages in owning and managing office buildings throughout New York City, alongside some retail and multi-family properties. Notably, their revenue is primarily driven by their office sector, contributing 60%, while retail and multi-family account for 10-20%. A significant contributor to the net operating income is the observation deck at the Empire State Building, which has recently been recognized as the top attraction globally. The company is well-capitalized and is experiencing increasing leasing volumes, positioning itself favorably in a Manhattan market characterized by stark contrasts in capitalization among businesses. Currently, the stock is trading at a 28% discount to its net asset value (NAV) and boasts a yield of 1.3%, with analysts suggesting a price target of $11.12.
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%.
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Empire State Realty Trust(ESRT-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Empire State Realty Trust(ESRT-N) Frequently Asked Questions
What is Empire State Realty Trust stock symbol?
Empire State Realty Trust is a American stock, trading under the symbol ESRT-N on the New York Stock Exchange (ESRT). It is usually referred to as NYSE:ESRT or ESRT-N
Is Empire State Realty Trust a buy or a sell?
In the last year, 1 stock analyst published opinions about ESRT-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Empire State Realty Trust.
Is Empire State Realty Trust a good investment or a top pick?
Empire State Realty Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Empire State Realty Trust.
Why is Empire State Realty Trust stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Empire State Realty Trust worth watching?
In the last year, there was no coverage of Empire State Realty Trust published on Stockchase.
What is Empire State Realty Trust stock price?
On 2025-10-09, Empire State Realty Trust (ESRT-N) stock closed at a price of $7.4.
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.