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Empire State Realty Trust, Inc.

ESRTReal EstateNASDAQ

REIT - Diversified

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Financials · Annual
Revenue
$767.8M
+0.6% YoY
Net Income
$47.6M
-7.8% YoY
EBITDA
$374.1M
-0.9% YoY
Free Cash Flow
$234.2M

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About Empire State Realty Trust, Inc.

Part of the real estate sector, Empire State Realty Trust, Inc. (ESRT) is listed under REIT - Diversified. The company carries a $1.75B market cap, placing it firmly in the small-cap category. ESRT's flagship Empire State Building, the (World's Most Famous Building) features its iconic Observatory.

Key stats
Market Cap$1.75B
P/E (TTM)27.29
Fwd P/E95.50
EPS$0.21
Beta1.36
52W Change-25.9%
Dividend Yield2.44%
ROE3.3%
Analysis

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. ROE of 3.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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.

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