This summary was created by AI, based on 1 opinions in the last 12 months.
Empire State Realty Trust (ESRT) primarily operates a portfolio of office buildings in New York City, complemented by retail spaces and some multi-family properties. A significant portion of revenue comes from its iconic Empire State Building Observatory, which recently achieved the distinction of being the #1 attraction in the world. The company is well-capitalized and sees growing leasing activity in the Manhattan office market, benefiting from the disparities between well-capitalized and undercapitalized competitors. Currently, ESRT is trading at a 28% discount to its net asset value (NAV) and has been recognized as the #1 globally sustainable Real Estate Investment Trust (REIT). Despite a modest yield of 1.3%, analysts have a positive outlook for the stock with a target price of $11.12.
Empire State Realty Trust is a OTC stock, trading under the symbol ESRT-N on the (). It is usually referred to as or ESRT-N
In the last year, there was no coverage of Empire State Realty Trust published on Stockchase.
Empire State Realty Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Empire State Realty Trust.
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In the last year, there was no coverage of Empire State Realty Trust published on Stockchase.
On , Empire State Realty Trust (ESRT-N) stock closed at a price of $.
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.
(Analysts’ price target is $11.12)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%.