EMPIRE STATE REALTY TRUST-A (ESRT) Fundamental Analysis & Valuation

NYSE:ESRT • US2921041065

Current stock price

5.2 USD
+0.03 (+0.58%)
At close:
5.2 USD
0 (0%)
After Hours:

This ESRT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ESRT Profitability Analysis

1.1 Basic Checks

  • ESRT had positive earnings in the past year.
  • In the past year ESRT had a positive cash flow from operations.
  • Of the past 5 years ESRT 4 years were profitable.
  • Each year in the past 5 years ESRT had a positive operating cash flow.
ESRT Yearly Net Income VS EBIT VS OCF VS FCFESRT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

  • ESRT has a Return On Assets (0.97%) which is comparable to the rest of the industry.
  • ESRT's Return On Equity of 3.98% is fine compared to the rest of the industry. ESRT outperforms 60.66% of its industry peers.
  • ESRT has a Return On Invested Capital (2.50%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ESRT is in line with the industry average of 3.11%.
Industry RankSector Rank
ROA 0.97%
ROE 3.98%
ROIC 2.5%
ROA(3y)1.06%
ROA(5y)0.76%
ROE(3y)4.43%
ROE(5y)3.19%
ROIC(3y)2.75%
ROIC(5y)2.48%
ESRT Yearly ROA, ROE, ROICESRT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4

1.3 Margins

  • ESRT has a Profit Margin (5.65%) which is in line with its industry peers.
  • ESRT's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 17.66%, ESRT perfoms like the industry average, outperforming 42.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ESRT has grown nicely.
  • ESRT's Gross Margin of 53.70% is on the low side compared to the rest of the industry. ESRT is outperformed by 75.41% of its industry peers.
  • ESRT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 17.66%
PM (TTM) 5.65%
GM 53.7%
OM growth 3Y0.36%
OM growth 5Y10.63%
PM growth 3Y4.1%
PM growth 5YN/A
GM growth 3Y-2.01%
GM growth 5Y-0.01%
ESRT Yearly Profit, Operating, Gross MarginsESRT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. ESRT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESRT is destroying value.
  • The number of shares outstanding for ESRT has been increased compared to 1 year ago.
  • Compared to 5 years ago, ESRT has less shares outstanding
  • The debt/assets ratio for ESRT has been reduced compared to a year ago.
ESRT Yearly Shares OutstandingESRT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ESRT Yearly Total Debt VS Total AssetsESRT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 0.48, we must say that ESRT is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.48, ESRT perfoms like the industry average, outperforming 51.64% of the companies in the same industry.
  • ESRT has a Debt/Equity ratio of 2.18. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 2.18, ESRT is doing worse than 70.49% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF N/A
Altman-Z 0.48
ROIC/WACC0.43
WACC5.78%
ESRT Yearly LT Debt VS Equity VS FCFESRT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 2.34 indicates that ESRT has no problem at all paying its short term obligations.
  • The Current ratio of ESRT (2.34) is better than 90.98% of its industry peers.
  • A Quick Ratio of 2.34 indicates that ESRT has no problem at all paying its short term obligations.
  • ESRT's Quick ratio of 2.34 is amongst the best of the industry. ESRT outperforms 90.98% of its industry peers.
Industry RankSector Rank
Current Ratio 2.34
Quick Ratio 2.34
ESRT Yearly Current Assets VS Current LiabilitesESRT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ESRT Growth Analysis

3.1 Past

  • ESRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.10%, which is quite impressive.
  • Measured over the past years, ESRT shows a very strong growth in Earnings Per Share. The EPS has been growing by 57.42% on average per year.
  • The Revenue has been growing slightly by 0.05% in the past year.
  • ESRT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.75% yearly.
EPS 1Y (TTM)38.1%
EPS 3Y34.2%
EPS 5Y57.42%
EPS Q2Q%-4.17%
Revenue 1Y (TTM)0.05%
Revenue growth 3Y1.86%
Revenue growth 5Y4.75%
Sales Q2Q%2.96%

3.2 Future

  • ESRT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -39.35% yearly.
  • ESRT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.24% yearly.
EPS Next Y-92.97%
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%
EPS Next 5Y-39.35%
Revenue Next Year2.89%
Revenue Next 2Y2.2%
Revenue Next 3Y1.81%
Revenue Next 5Y2.24%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ESRT Yearly Revenue VS EstimatesESRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M
ESRT Yearly EPS VS EstimatesESRT Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.2 0.4 0.6 0.8

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4

4. ESRT Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 5.98, the valuation of ESRT can be described as very cheap.
  • Based on the Price/Earnings ratio, ESRT is valued cheaper than 99.18% of the companies in the same industry.
  • ESRT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.78.
  • A Price/Forward Earnings ratio of 84.97 indicates a quite expensive valuation of ESRT.
  • ESRT's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of ESRT to the average of the S&P500 Index (23.54), we can say ESRT is valued expensively.
Industry RankSector Rank
PE 5.98
Fwd PE 84.97
ESRT Price Earnings VS Forward Price EarningsESRT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ESRT is valued cheaper than 87.70% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.46
ESRT Per share dataESRT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

  • ESRT's earnings are expected to decrease with -61.15% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. ESRT Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.82%, ESRT has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 8.03, ESRT's dividend is way lower than its industry peers. On top of this 81.97% of the companies listed in the same industry pay a better dividend than ESRT!
  • Compared to an average S&P500 Dividend Yield of 1.89, ESRT pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.82%

5.2 History

  • The dividend of ESRT decreases each year by -6.73%.
  • ESRT has paid a dividend for at least 10 years, which is a reliable track record.
  • ESRT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.73%
Div Incr Years0
Div Non Decr Years4
ESRT Yearly Dividends per shareESRT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • ESRT pays out 64.35% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of ESRT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP64.35%
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%
ESRT Yearly Income VS Free CF VS DividendESRT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100M -200M -300M
ESRT Dividend Payout.ESRT Dividend Payout, showing the Payout Ratio.ESRT Dividend Payout.PayoutRetained Earnings

More info and screens

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ESRT Fundamentals: All Metrics, Ratios and Statistics

EMPIRE STATE REALTY TRUST-A

NYSE:ESRT (4/10/2026, 8:19:35 PM)

After market: 5.2 0 (0%)

5.2

+0.03 (+0.58%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-17
Earnings (Next)04-29
Inst Owners103.01%
Inst Owner Change0%
Ins Owners0.08%
Ins Owner Change0.04%
Market Cap890.45M
Revenue(TTM)768.27M
Net Income(TTM)43.40M
Analysts75
Price Target7.41 (42.5%)
Short Float %5.79%
Short Ratio5.85
Dividend
Industry RankSector Rank
Dividend Yield 2.82%
Yearly Dividend0.17
Dividend Growth(5Y)-6.73%
DP64.35%
Div Incr Years0
Div Non Decr Years4
Ex-Date03-13
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.36%
PT rev (3m)-15.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 5.98
Fwd PE 84.97
P/S 1.16
P/FCF N/A
P/OCF 3.58
P/B 0.82
P/tB 3.04
EV/EBITDA 9.46
EPS(TTM)0.87
EY16.73%
EPS(NY)0.06
Fwd EY1.18%
FCF(TTM)-2.11
FCFYN/A
OCF(TTM)1.45
OCFY27.97%
SpS4.49
BVpS6.36
TBVpS1.71
PEG (NY)N/A
PEG (5Y)0.1
Graham Number11.16
Profitability
Industry RankSector Rank
ROA 0.97%
ROE 3.98%
ROCE 3.16%
ROIC 2.5%
ROICexc 2.58%
ROICexgc 3.19%
OM 17.66%
PM (TTM) 5.65%
GM 53.7%
FCFM N/A
ROA(3y)1.06%
ROA(5y)0.76%
ROE(3y)4.43%
ROE(5y)3.19%
ROIC(3y)2.75%
ROIC(5y)2.48%
ROICexc(3y)2.96%
ROICexc(5y)2.68%
ROICexgc(3y)3.73%
ROICexgc(5y)3.4%
ROCE(3y)3.48%
ROCE(5y)3.14%
ROICexgc growth 3Y-2.22%
ROICexgc growth 5Y10.35%
ROICexc growth 3Y-1.13%
ROICexc growth 5Y11.75%
OM growth 3Y0.36%
OM growth 5Y10.63%
PM growth 3Y4.1%
PM growth 5YN/A
GM growth 3Y-2.01%
GM growth 5Y-0.01%
F-Score6
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF N/A
Debt/EBITDA 7.18
Cap/Depr 313.47%
Cap/Sales 79.47%
Interest Coverage 1.45
Cash Conversion 75.38%
Profit Quality N/A
Current Ratio 2.34
Quick Ratio 2.34
Altman-Z 0.48
F-Score6
WACC5.78%
ROIC/WACC0.43
Cap/Depr(3y)200.4%
Cap/Depr(5y)163.62%
Cap/Sales(3y)50.04%
Cap/Sales(5y)43.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.1%
EPS 3Y34.2%
EPS 5Y57.42%
EPS Q2Q%-4.17%
EPS Next Y-92.97%
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%
EPS Next 5Y-39.35%
Revenue 1Y (TTM)0.05%
Revenue growth 3Y1.86%
Revenue growth 5Y4.75%
Sales Q2Q%2.96%
Revenue Next Year2.89%
Revenue Next 2Y2.2%
Revenue Next 3Y1.81%
Revenue Next 5Y2.24%
EBIT growth 1Y-14.53%
EBIT growth 3Y2.22%
EBIT growth 5Y15.89%
EBIT Next Year144.54%
EBIT Next 3Y36.3%
EBIT Next 5Y22.27%
FCF growth 1Y-231.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-4.54%
OCF growth 3Y5.65%
OCF growth 5Y6.44%

EMPIRE STATE REALTY TRUST-A / ESRT Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for EMPIRE STATE REALTY TRUST-A?

ChartMill assigns a fundamental rating of 4 / 10 to ESRT.


Can you provide the valuation status for EMPIRE STATE REALTY TRUST-A?

ChartMill assigns a valuation rating of 4 / 10 to EMPIRE STATE REALTY TRUST-A (ESRT). This can be considered as Fairly Valued.


Can you provide the profitability details for EMPIRE STATE REALTY TRUST-A?

EMPIRE STATE REALTY TRUST-A (ESRT) has a profitability rating of 5 / 10.


Can you provide the expected EPS growth for ESRT stock?

The Earnings per Share (EPS) of EMPIRE STATE REALTY TRUST-A (ESRT) is expected to decline by -92.97% in the next year.


How sustainable is the dividend of EMPIRE STATE REALTY TRUST-A (ESRT) stock?

The dividend rating of EMPIRE STATE REALTY TRUST-A (ESRT) is 3 / 10 and the dividend payout ratio is 64.35%.