Equities

Empire State Realty Trust Inc

Empire State Realty Trust Inc

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Real EstateReal Estate Investment Trusts
  • Price (USD)9.17
  • Today's Change-0.17 / -1.82%
  • Shares traded737.49k
  • 1 Year change+32.13%
  • Beta1.4168
Data delayed at least 15 minutes, as of Jun 07 2024 21:10 BST.
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About the company

Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. Its office portfolio included 11 properties encompassing approximately 8.6 million rentable square feet. Nine of these office properties are located in midtown Manhattan and encompass approximately 7.6 million rentable square feet, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its commercial and multifamily real estate assets, principally office assets, located in Manhattan. Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.

  • Revenue in USD (TTM)756.13m
  • Net income in USD48.19m
  • Incorporated2011
  • Employees666.00
  • Location
    Empire State Realty Trust Inc111 West 33Rd Street, 12Th FlNEW YORK 10120United StatesUSA
  • Phone+1 (212) 850-2600
  • Fax+1 (212) 986-7679
  • Websitehttps://www.esrtreit.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
ESRT:NYQ since
announced
Transaction
value
Undisclosed Prime Retail Assets,Brooklyn,NY(2)Deal completed02 Oct 202302 Oct 2023Deal completed14.05%26.40m
Data delayed at least 15 minutes, as of Jun 07 2024 21:10 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Elme Communities231.62m-53.25m1.36bn243.00--1.2034.605.88-0.6067-0.60672.6412.910.1241--15.98953,148.10-2.84-1.66-2.92-1.7260.8960.92-22.87-18.93--0.70810.3752--8.85-4.82-71.16---3.90-9.71
Safehold Inc367.46m-28.93m1.37bn86.00--0.5994--3.72-0.4524-0.45245.3631.970.05670.74620.23764,272,814.00-0.4359-0.4217-0.4471-0.448198.7770.33-7.69-8.05--1.780.6382--30.43-15.07-140.59---42.52--
Kennedy-Wilson Holdings Inc566.80m-274.10m1.42bn250.00--1.50--2.51-1.97-1.974.0712.620.0716--13.512,188,417.00-2.721.53-2.951.6766.3465.91-37.9322.71--0.13080.7487210.654.19-6.17-627.47---18.414.78
Veris Residential Inc284.60m-131.44m1.45bn197.00--1.28--5.10-1.42-0.98783.0912.260.0812--11.681,444,675.00-4.12-0.9655-4.78-1.1655.3254.94-50.82-16.21--0.25470.5912--19.88-5.52-147.11---47.40--
Xenia Hotels & Resorts Inc1.02bn21.10m1.47bn45.0072.381.159.641.440.19920.19929.6612.580.344--22.8622,754,620.000.7488-1.150.791-1.2054.9354.382.18-4.30--1.090.5153--2.79-0.627-66.08-37.18-23.53-18.32
Getty Realty Corp.191.80m60.46m1.49bn32.0023.701.5713.497.761.161.163.6917.610.11070.41463.355,993,625.003.624.693.805.0087.6484.0032.7441.79--2.910.4562113.5412.236.43-34.114.3024.125.84
Opendoor Technologies Inc5.01bn-283.00m1.49bn1.98k--1.65--0.2983-0.4206-0.42067.461.311.182.29175.682,526,236.00-6.65-12.41-7.08-18.928.616.36-5.65-7.6118.96-1.890.7285---55.3830.4679.67--13.07--
LTC Properties Inc199.11m80.23m1.51bn23.0018.151.6912.587.571.911.914.7620.480.1101--9.888,656,957.004.575.434.745.6293.2991.2941.4848.70--2.640.4835108.9012.613.18-10.35-10.40-7.500.00
Empire State Realty Trust Inc756.13m48.19m1.54bn666.0051.461.555.762.040.18150.18152.846.230.1812--23.621,135,329.001.990.94512.491.1955.8655.7510.975.71--1.890.5649164.171.720.219434.58-5.64-7.31-19.73
RLJ Lodging Trust1.34bn45.40m1.55bn79.0034.090.79075.751.160.29130.29138.6414.910.2719--39.3216,904,860.001.44-1.741.54-1.8636.5735.645.31-8.83--1.870.4873--11.05-5.52210.36-20.58-7.70-22.88
Cim Real Estate Finance Trust Inc556.42m-64.65m1.57bn0.00--0.6691--2.82-0.1479-0.14791.275.380.0858--12.54---0.99691.51-1.011.5294.1186.68-11.6219.99--0.85120.6231191.0825.815.69-80.47-5.51-8.22--
Retail Opportunity Investments Corp333.77m36.95m1.61bn71.0045.541.2611.104.820.27740.27742.5110.030.1119--5.564,700,930.001.331.621.401.7083.5184.3511.8715.82--1.530.5033146.364.732.07-33.82-4.25-2.96-5.11
eXp World Holdings Inc4.37bn-24.26m1.65bn2.11k--7.43--0.3781-0.1586-0.170328.061.4410.39--42.632,068,847.00-5.768.05-10.2113.387.537.98-0.55460.7068---6.490.0000959.74-6.9053.64-158.11--30.10--
Inventrust Properties Corp260.27m7.04m1.69bn104.00241.261.0913.886.500.10330.10333.8322.810.1039--8.672,502,587.000.2810.87410.2860.89370.5169.972.709.35--0.95990.3484262.019.281.29-89.91-42.50-4.913.78
Data as of Jun 07 2024. Currency figures normalised to Empire State Realty Trust Inc's reporting currency: US Dollar USD

Institutional shareholders

41.10%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 202418.95m11.62%
BlackRock Fund Advisorsas of 31 Mar 202410.83m6.64%
Massachusetts Financial Services Co.as of 31 Mar 20246.79m4.17%
Wellington Management Co. LLPas of 31 Mar 20246.51m3.99%
SSgA Funds Management, Inc.as of 31 Mar 20246.23m3.82%
Threadneedle Asset Management Ltd.as of 31 Mar 20244.29m2.63%
William Blair Investment Management LLCas of 31 Mar 20243.75m2.30%
Charles Schwab Investment Management, Inc.as of 31 Mar 20243.42m2.10%
Geode Capital Management LLCas of 31 Mar 20243.19m1.96%
Southeastern Asset Management, Inc.as of 31 Mar 20243.07m1.88%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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