Empire State Realty Trust Inc

Empire State Realty Trust Inc (ESRT) Stock Analysis

$4.590

-0.050 (-1.08%)At close

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High
4.690
Open
4.660
VWAP
4.62
Vol
1.31M
Mkt Cap
1.50B
Low
4.590
Amount
6.05M
EV/EBITDA, TTM
13.03

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 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.

Analyst Ratings (8)

+106.10% upside
Buy
5 Buy
3 Hold
0 Sell
Current: 4.59
Low
8.30
Average
9.46
High
11.00

Citi

2026-08-05

Price Target

$5

Hold

Evercore ISI

2026-07-30

Price Target

$6

In Line

Citi

2026-04-15

Price Target

$7

Hold

Citi

2026-02-19

Price Target

$7

Neutral

Evercore ISI

2026-02-18

Price Target

$7

In Line

Valuation Metrics

The current forward P/E ratio for Empire State Realty Trust Inc (ESRT) is 150.17, compared to its 5-year average forward P/E of 101.47.

Forward P/E

Fair
5Y Average P/E
101.47
Current P/E
150.17
Overvalued
438.71
Undervalued
-235.76

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
12.24
Current EV/EBITDA
13.03
Overvalued
13.60
Undervalued
10.89

Forward P/S

Fair
5Y Average P/S
2.10
Current P/S
1.95
Overvalued
2.56
Undervalued
1.65

Alphio AI Price Scenarios for ESRT

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%ESRT

$9.28

Scenario price

B

Base

Base · 50%ESRT

$8.12

Scenario price

B

Bear

Bear · 25%ESRT

$7.72

Scenario price

Whales holding ESRT

R

Resolution Capital Limited

+ HoldingESRT

+6.78%

3M Return

C

CenterSquare Investment Management LLC

+ HoldingESRT

+5.02%

3M Return

L

LaSalle Investment Management Securities, LLC

+ HoldingESRT

+3.51%

3M Return

S

Southeastern Asset Management, Inc.

+ HoldingESRT

+1.20%

3M Return

Q

Qatar Holding LLC

+ HoldingESRT

-10.83%

3M Return

Events Timeline

2026-07-29 (ET)

17:00:00

Q2 Revenue Reaches $387.2M, Same-Store Cash NOI Up 3.3%

2026-06-02 (ET)

06:30:00

Empire State Realty Sells 250 West 57th Street for $275M

2026-04-29 (ET)

16:20:00

Empire State Realty Confirms 2026 Core FFO Outlook of 85-89 Cents

16:20:00

Reports Q1 Revenue of $190.3 Million

2026-04-06 (ET)

16:10:00

Empire State Realty Trust Acquires Brooklyn Retail Asset for $46 Million

News

ESRT FAQ — answered by Alphio AI

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 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

8 analysts cover ESRT: 5 rate it Buy, 3 Hold and 0 Sell. The average price target is 9.46.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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