Stock AnalizEmpire State Realty Trust, Inc. ESRT
Real Estate Investment Trusts · IPO 2013 · data as of November 13, 2026
Empire State Realty Trust, Inc. (ESRT) is a real estate company listed in the US with a market value of about $1.5B. In the twelve months to September 30, 2026 it had revenue of $780M and net income of -$2M, a net margin of -0.2%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is future growth (0/5).
Key numbers: a price to free cash flow of 25.0, 5-year revenue growth of 5% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 11% above the current price.
Score: 1.6 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- More cash than debt, or low debt to equity
- Positive free cash flow
- Liabilities below 60% of assets
- Pays a dividend
- 20% to 100% of free cash flow returned to shareholders
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $780M | $768M | $768M | $740M | $727M | $624M | $609M | $731M | $732M | $710M | $677M |
| Net income | -$2M | $43M | $47M | $49M | $36M | -$11M | -$17M | $49M | $66M | $63M | $51M |
| Free cash flow | $62M | $51M | $88M | $63M | $125M | -$186M | $78M | -$23M | $23M | -$34M | $17M |
| EPS (diluted) | $-0.01 | $0.25 | $0.28 | $0.30 | $0.22 | $-0.06 | $-0.10 | $0.28 | $0.39 | $0.39 | $0.38 |
| Net margin | -0.2% | 5.7% | 6.2% | 6.6% | 5.0% | -1.7% | -2.7% | 6.8% | 9.0% | 8.8% | 7.6% |
| ROIC | — | 7.7% | 8.8% | 7.5% | 6.6% | 3.5% | 2.4% | 8.1% | 9.9% | 9.7% | 9.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $5.50, 4% above the current price; targets range from $5.00 to $7.00; the consensus rating is “Hold”.
Frequently asked questions
Is Empire State Realty Trust stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 11% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Empire State Realty Trust pay a dividend?
Yes. The dividend yield is about 2.64%, and it has paid dividends for 10 years in our data.
Is Empire State Realty Trust a good stock to buy?
We do not give buy or sell advice. Empire State Realty Trust scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.