-0.86%
-3.16%
-15.14%
-14.11%
-6.13%
-3.47%
-24.55%
AI Spotlight on ESRT
Company Description
Empire State Realty Trust, Inc.(NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.
Market Data
| Last Price | 9.19 |
| Change Percentage | -0.86% |
| Open | 9.22 |
| Previous Close | 9.27 |
| Market Cap ( Millions) | 1523 |
| Volume | 68691 |
| Year High | 11.62 |
| Year Low | 8.6 |
| M A 50 | 9.63 |
| M A 200 | 10.18 |
Financial Ratios
| FCF Yield | -0.10% |
| Dividend Yield | 1.52% |
| ROE | 4.91% |
| Debt / Equity | 244.75% |
| Net Debt / EBIDTA | 596.82% |
| Price To Book | 1.49 |
| Price Earnings Ratio | 30.56 |
| Price To FCF | -1011.62 |
| Price To sales | 2.0 |
| EV / EBITDA | 10.38 |
News
- Feb -28 - Empire State Realty Trust Announces Dividend for First Quarter 2025
- Feb -25 - Why I Don't Invest In REIT ETFs
- Feb -20 - Empire State Realty Trust, Inc. (ESRT) Q4 2024 Earnings Call Transcript
- Feb -20 - Leasing momentum in Manhattan is super strong, says Empire State Realty Trust CEO
- Feb -19 - Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results
- Jan -27 - Empire State Realty Trust Announces 2024 Tax Treatment of Its Distributions
- Jan -20 - Empire State Realty Trust In An Empire State Of Mind, As NYC Office Demand Returns
- Jan -15 - Empire State Realty Trust Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call
- Dec -31 - My Top 10 REITs For 2025
- Dec -15 - Empire State Realty Trust Is A Way To Go Long New York City
- Dec -06 - Empire State Realty Trust Announces Dividend for Fourth Quarter 2024
- Nov -25 - The State Of REITs: November 2024 Edition
- Oct -29 - Hecker Fink LLP Expands 26,782 Square Feet with Empire State Realty Trust for a Total of 54k Square Feet at the Empire State Building
- Oct -22 - Empire State Realty Trust, Inc. (ESRT) Q3 2024 Earnings Call Transcript
- Oct -07 - Empire State Realty Trust Welcomes Four New Tenants to Its Retail Portfolio; Adds New ESB Observatory Ticketing Center
- Sep -23 - Empire State Realty Trust Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
- Sep -20 - ESRT vs. NHI: Which Stock Is the Better Value Option?
- Sep -16 - Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratio
- Sep -10 - Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point
- Sep -04 - ESRT vs. NHI: Which Stock Should Value Investors Buy Now?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate
Expected Growth : 1.2 %
What the company do ?
Empire State Realty Trust, Inc. is a real estate investment trust that owns and operates the iconic Empire State Building and other office and retail properties in the New York metropolitan area.
Why we expect these perspectives ?
Empire State Realty Trust, Inc.'s 1.2% growth in Real Estate is driven by increasing demand for office and retail spaces in prime locations, steady rent growth, and strategic acquisitions. Additionally, the company's focus on sustainability and energy-efficient practices enhances its appeal to tenants, contributing to its growth.
Segment n°2 -> Observatory
Expected Growth : 0.8 %
What the company do ?
The Observatory is a panoramic viewing deck on the 86th floor of the Empire State Building, offering stunning 360-degree views of New York City.
Why we expect these perspectives ?
The Observatory's 0.8% growth is driven by increasing tourism in NYC, fueled by a strong US economy and low unemployment. Additionally, the Observatory's unique experience, including its 360-degree views and interactive exhibits, continues to attract visitors. Furthermore, Empire State Realty Trust's effective marketing strategies and partnerships with travel companies also contribute to the growth.
Empire State Realty Trust, Inc. Products
| Product Range | What is it ? |
|---|---|
| Office Space Leasing | Empire State Realty Trust, Inc. offers premium office spaces for lease in iconic buildings such as the Empire State Building, providing tenants with modern amenities and unparalleled views. |
| Retail Space Leasing | The company provides retail spaces for lease in high-traffic areas, ideal for restaurants, cafes, and shops, with flexible lease terms and dedicated property management. |
| Observation Deck Tickets | Empire State Realty Trust, Inc. operates the iconic Empire State Building's observation decks, offering breathtaking 360-degree views of the city to visitors from around the world. |
| Broadcasting and Telecommunications | The company provides premier broadcasting and telecommunications infrastructure, including antenna and transmission services, to major media and telecommunications companies. |
| Property Management Services | Empire State Realty Trust, Inc. offers comprehensive property management services, including maintenance, repairs, and customer support, to ensure seamless operations for tenants. |
Empire State Realty Trust, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Empire State Realty Trust, Inc. is medium due to the availability of alternative properties and investment options for tenants and investors.
Bargaining Power Of Customers
The bargaining power of customers for Empire State Realty Trust, Inc. is low due to the company's strong brand and limited alternatives for tenants.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Empire State Realty Trust, Inc. is medium due to the company's dependence on a few large contractors and suppliers.
Threat Of New Entrants
The threat of new entrants for Empire State Realty Trust, Inc. is low due to the high barriers to entry in the real estate industry and the company's established market position.
Intensity Of Rivalry
The intensity of rivalry for Empire State Realty Trust, Inc. is high due to the competitive nature of the real estate industry and the presence of several large competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 69.45% |
| Debt Cost | 4.97% |
| Equity Weight | 30.55% |
| Equity Cost | 10.60% |
| WACC | 6.69% |
| Leverage | 227.35% |
Empire State Realty Trust, Inc. : Quality Control
Empire State Realty Trust, Inc. passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PKST | Griffin Capital Essential Asset REIT, Inc. America's Blue-Chip Landlord is a self-managed, publicly registered, non-traded REIT with a portfolio consisting primarily of single-tenant, business essential office and industrial properties … |
| GIPR | Generation Income Properties (GIP) is a Real Estate Investment Trust based in Tampa, Florida that specializes in acquiring a diversified portfolio of high quality single tenant properties. Our portfolio consists … |
| ALEX | Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately … |
| AHH | Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and … |
| GNL | Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Armada Hoffler Properties
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Alexander & Baldwin
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Global Net Lease
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Generation Income Properties
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Empire State Realty Trust
A-Score
1-Year Total Return ->
6
