Equities

Empire State Realty Trust Inc

Empire State Realty Trust Inc

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Real EstateReal Estate Investment Trusts
  • Price (USD)9.32
  • Today's Change0.01 / 0.11%
  • Shares traded168.42k
  • 1 Year change+63.22%
  • Beta1.3747
Data delayed at least 15 minutes, as of May 03 2024 18:08 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)739.57m
  • Net income in USD49.04m
  • 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 completed15.92%26.40m
Data delayed at least 15 minutes, as of May 03 2024 18:08 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)
Safehold Inc352.58m-54.97m1.33bn86.00--0.5944--3.78-0.8102-0.81025.2931.390.05690.95850.23534,099,744.00-0.8801-0.4217-0.901-0.448198.6870.33-15.48-8.05--1.710.6385--30.43-15.07-140.59---42.52--
Elme Communities-100.00bn-100.00bn1.35bn243.00--1.19----------12.91-----------1.66---1.72--60.92---18.93----0.3752--8.85-4.82-71.16---3.90-9.71
JBG SMITH Properties596.42m-136.13m1.37bn844.00--0.639322.402.30-1.39-1.395.9823.400.1061--2.81706,658.80-2.82-0.2509-3.20-0.285751.8148.98-26.53-2.44--0.42280.4927---0.2684-1.27-198.23---2.890.00
Veris Residential Inc284.60m-131.44m1.39bn197.00--1.23--4.89-1.42-0.98783.0912.260.0812--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--
Opendoor Technologies Inc6.95bn-275.00m1.40bn1.98k--1.42--0.2021-0.4182-0.418210.511.431.372.07356.213,504,541.00-5.41-12.41-6.40-18.927.016.36-3.96-7.6123.86-1.730.7219---55.3830.4679.67--13.07--
Xenia Hotels & Resorts Inc1.03bn18.88m1.43bn45.0081.211.119.391.390.17230.17239.4612.610.3428--29.3022,787,620.000.6644-1.150.7015-1.2055.3254.381.94-4.30--1.080.5143--2.79-0.627-66.08-37.18-23.53-18.32
LTC Properties Inc199.11m80.23m1.46bn23.0017.591.6412.177.331.911.914.7620.480.1101--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
Getty Realty Corp.191.80m60.46m1.49bn32.0023.761.5713.537.781.161.163.6917.610.11070.41463.355,993,625.003.624.693.805.0087.6484.0032.7441.79--2.910.4562113.5412.236.43-34.114.3024.125.84
Empire State Realty Trust Inc739.57m49.04m1.52bn666.0046.381.545.642.060.20070.20073.096.230.1765--23.131,110,469.002.010.94512.531.1955.4255.7511.415.71--1.700.5641164.171.720.219434.58-5.64-7.31-19.73
Cim Real Estate Finance Trust Inc568.86m28.08m1.57bn0.0056.000.645322.282.770.06420.06421.305.570.0838--11.26--0.41371.510.41771.5294.4786.684.9419.99--1.200.6171191.0825.815.69-80.47-5.51-8.22--
Retail Opportunity Investments Corp333.77m36.95m1.59bn71.0045.001.2410.974.770.27740.27742.5110.030.1119--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
Global Net Lease Inc515.07m-243.24m1.64bn77.00--0.6215--3.18-1.74-1.743.6111.420.0854--6.536,689,221.00-3.51-0.61-3.58-0.620881.3480.71-41.14-6.83--0.76020.6611--35.9512.79-2,514.87---17.72-5.56
RLJ Lodging Trust1.33bn51.29m1.67bn79.0032.520.84356.051.260.3290.3298.5115.050.2679--40.9816,779,460.001.55-1.741.66-1.8637.0335.645.78-8.83--1.970.4858--11.05-5.52210.36-20.58-7.70-22.88
Pebblebrook Hotel Trust1.43bn-118.65m1.72bn60.00--0.627414.741.20-1.02-1.0211.1722.700.2426--29.3423,804,980.00-1.35-1.98-1.54-2.2133.9934.38-5.58-11.12--0.61850.4444--2.0211.378.70--17.45-51.69
Data as of May 03 2024. Currency figures normalised to Empire State Realty Trust Inc's reporting currency: US Dollar USD

Institutional shareholders

42.94%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Dec 202318.78m11.51%
BlackRock Fund Advisorsas of 31 Dec 202310.98m6.73%
Massachusetts Financial Services Co.as of 31 Dec 20239.13m5.60%
SSgA Funds Management, Inc.as of 31 Dec 20236.94m4.26%
Wellington Management Co. LLPas of 31 Dec 20235.82m3.57%
Southeastern Asset Management, Inc.as of 31 Dec 20234.14m2.54%
William Blair Investment Management LLCas of 31 Dec 20233.78m2.32%
MFS International (UK) Ltd.as of 29 Dec 20233.77m2.31%
Threadneedle Asset Management Ltd.as of 31 Dec 20233.41m2.09%
Charles Schwab Investment Management, Inc.as of 31 Dec 20233.29m2.02%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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