NYC-Centric Strategy | Explore ESRT's bold portfolio shift, focusing on prime New York City assets while divesting suburban properties to strengthen its market position |
Observatory Outlook | Delve into the Empire State Building Observatory's performance and its potential as a unique revenue driver tied to international tourism recovery |
Financial Projections | Analysts revise FFOps estimates to $0.92 for FY24, with a P/FFO ratio of 10.3x, reflecting short-term adjustments and long-term growth expectations |
Market Resilience | Learn about ESRT's impressive 2.11x Leased versus Expiring ratio, showcasing strong leasing momentum in a challenging office market environment |
Metrics to compare | ESRT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipESRTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 272.7x | −2.2x | 8.7x | |
PEG Ratio | −2.94 | −0.01 | 0.01 | |
Price/Book | 0.8x | 0.6x | 0.9x | |
Price / LTM Sales | 1.8x | 1.3x | 4.0x | |
Upside (Analyst Target) | 24.0% | 14.3% | 18.6% | |
Fair Value Upside | Unlock | 14.9% | 1.8% | Unlock |
Empire State Realty Trust, Inc. 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. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2026, ESRT’s portfolio is comprised of approximately 7.5 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Empire State Realty Trust, Inc. was established on July 29, 2011, and was incorporated in 2011 in Maryland and is based in New York.