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
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In the last year 0 stock analysts on Stockchase covered Empire State Realty Trust. The stock is worth watching.
On 2024-10-31, Empire State Realty Trust (ESRT-N) stock closed at a price of $10.6.
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%.