Empire State Realty Trust, Inc.
ESRTReal EstateNASDAQREIT - Diversified · Last scanned Jul 18, 2026
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Daily timeframeEmpire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, modernized well-located offices and multifamily assets. Valued at $1.77B, ESRT is a small-cap name in its sector. ESRT's flagship Empire State Building, the (World's Most Famous Building) features its iconic Observatory.
Market Cap
$1.77B
Beta
1.36
P/E (TTM)
27.48
P/E (Fwd)
96.17
EPS (TTM)
$0.21
EPS (Fwd)
$0.06
ROE
3.3%
ROA
2.0%
Cash
$75.2M
Total Debt
$2.35B
Free CF
$234.2M
52W Change
-24.3%
Annual Financials
Cash vs Debt
On the balance sheet, ESRT has $75.2M in cash with $2.35B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $234.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 3.3%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.0% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $707.0M (2022) to $767.8M (2025).
Empire State Realty Trust, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. No single metric tells the full story. Reviewing ESRT's risk profile alongside its fundamentals and technical indicators provides a more complete picture.