EMPIRE STATE REALTY TRUST-A (ESRT) Stock Fundamental Analysis
NYSE:ESRT • US2921041065
5.73 USD
-0.01 (-0.17%)
At close: Mar 3, 2026
5.84 USD
+0.11 (+1.92%)
After Hours: 3/3/2026, 8:07:40 PM
ESRT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 122 industry peers in the Diversified REITs industry. ESRT has an average financial health and profitability rating. ESRT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- ESRT had positive earnings in the past year.
- ESRT had a positive operating cash flow in the past year.
- Of the past 5 years ESRT 4 years were profitable.
- ESRT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 0.85%, ESRT perfoms like the industry average, outperforming 52.46% of the companies in the same industry.
- ESRT has a Return On Equity (3.25%) which is comparable to the rest of the industry.
- Looking at the Return On Invested Capital, with a value of 2.87%, ESRT is in line with its industry, outperforming 54.92% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for ESRT is in line with the industry average of 3.10%.
- The last Return On Invested Capital (2.87%) for ESRT is above the 3 year average (2.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 3.25% | ||
| ROIC | 2.87% |
ROA(3y)1.06%
ROA(5y)0.76%
ROE(3y)3.89%
ROE(5y)2.87%
ROIC(3y)2.75%
ROIC(5y)2.48%
1.3 Margins
- Looking at the Profit Margin, with a value of 4.55%, ESRT is in line with its industry, outperforming 52.46% of the companies in the same industry.
- ESRT's Profit Margin has improved in the last couple of years.
- ESRT has a Operating Margin (18.68%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of ESRT has grown nicely.
- Looking at the Gross Margin, with a value of 54.04%, ESRT is doing worse than 74.59% of the companies in the same industry.
- In the last couple of years the Gross Margin of ESRT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.68% | ||
| PM (TTM) | 4.55% | ||
| GM | 54.04% |
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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESRT is destroying value.
- Compared to 1 year ago, ESRT has more shares outstanding
- Compared to 5 years ago, ESRT has less shares outstanding
- Compared to 1 year ago, ESRT has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.56, we must say that ESRT is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.56, ESRT is in line with its industry, outperforming 52.46% of the companies in the same industry.
- A Debt/Equity ratio of 1.92 is on the high side and indicates that ESRT has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.92, ESRT is doing worse than 68.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.56 |
ROIC/WACC0.49
WACC5.81%
2.3 Liquidity
- ESRT has a Current Ratio of 2.59. This indicates that ESRT is financially healthy and has no problem in meeting its short term obligations.
- ESRT's Current ratio of 2.59 is amongst the best of the industry. ESRT outperforms 95.08% of its industry peers.
- A Quick Ratio of 2.59 indicates that ESRT has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 2.59, ESRT belongs to the top of the industry, outperforming 95.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 |
3. Growth
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
- Based on estimates for the next years, ESRT will show a very negative growth in Earnings Per Share. The EPS will decrease by -39.35% on average per year.
- Based on estimates for the next years, ESRT will show a small growth in Revenue. The Revenue will grow by 2.24% on average per year.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 6.59, which indicates a rather cheap valuation of ESRT.
- Based on the Price/Earnings ratio, ESRT is valued cheaper than 95.08% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, ESRT is valued rather cheaply.
- With a Price/Forward Earnings ratio of 93.63, ESRT can be considered very expensive at the moment.
- ESRT's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.95. ESRT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.59 | ||
| Fwd PE | 93.63 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ESRT is valued cheaply inside the industry as 93.44% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.66 |
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)0.11
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%
5. Dividend
5.1 Amount
- ESRT has a Yearly Dividend Yield of 2.31%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 7.07, ESRT's dividend is way lower than its industry peers. On top of this 84.43% of the companies listed in the same industry pay a better dividend than ESRT!
- ESRT's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
5.2 History
- The dividend of ESRT decreases each year by -17.38%.
- 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)-17.38%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- ESRT pays out 79.65% of its income as dividend. This is not a sustainable payout ratio.
- ESRT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP79.65%
EPS Next 2Y-75.79%
EPS Next 3Y-61.15%
5.73
-0.01 (-0.17%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-17 2026-02-17/amc
Earnings (Next)04-27 2026-04-27
Inst Owners100.46%
Inst Owner Change1.31%
Ins Owners0.08%
Ins Owner Change0%
Market Cap975.19M
Revenue(TTM)768.27M
Net Income(TTM)34.89M
Analysts75
Price Target7.51 (31.06%)
Short Float %4.27%
Short Ratio4.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
Yearly Dividend0.17
Dividend Growth(5Y)-17.38%
DP79.65%
Div Incr Years0
Div Non Decr Years3
Ex-Date03-13 2026-03-13 (0.035)
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)-7.54%
PT rev (3m)-16.93%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.59 | ||
| Fwd PE | 93.63 | ||
| P/S | 1.27 | ||
| P/FCF | N/A | ||
| P/OCF | 3.68 | ||
| P/B | 0.91 | ||
| P/tB | 3.55 | ||
| EV/EBITDA | 8.66 |
EPS(TTM)0.87
EY15.18%
EPS(NY)0.06
Fwd EY1.07%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)1.56
OCFY27.19%
SpS4.5
BVpS6.31
TBVpS1.61
PEG (NY)N/A
PEG (5Y)0.11
Graham Number11.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 3.25% | ||
| ROCE | 3.64% | ||
| ROIC | 2.87% | ||
| ROICexc | 2.99% | ||
| ROICexgc | 3.79% | ||
| OM | 18.68% | ||
| PM (TTM) | 4.55% | ||
| GM | 54.04% | ||
| FCFM | N/A |
ROA(3y)1.06%
ROA(5y)0.76%
ROE(3y)3.89%
ROE(5y)2.87%
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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.18 | ||
| Cap/Depr | 140.72% | ||
| Cap/Sales | 34.79% | ||
| Interest Coverage | 1.49 | ||
| Cash Conversion | 79.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 | ||
| Altman-Z | 0.56 |
F-Score6
WACC5.81%
ROIC/WACC0.49
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
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-8.53%
EBIT growth 3Y2.22%
EBIT growth 5Y15.89%
EBIT Next Year144.54%
EBIT Next 3Y36.3%
EBIT Next 5Y22.27%
FCF growth 1Y98.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.21%
OCF growth 3YN/A
OCF growth 5YN/A
EMPIRE STATE REALTY TRUST-A / ESRT FAQ
Can you provide the ChartMill fundamental rating for EMPIRE STATE REALTY TRUST-A?
ChartMill assigns a fundamental rating of 4 / 10 to ESRT.
What is the valuation status for ESRT stock?
ChartMill assigns a valuation rating of 4 / 10 to EMPIRE STATE REALTY TRUST-A (ESRT). This can be considered as Fairly Valued.
What is the profitability of ESRT stock?
EMPIRE STATE REALTY TRUST-A (ESRT) has a profitability rating of 5 / 10.
What is the valuation of EMPIRE STATE REALTY TRUST-A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for EMPIRE STATE REALTY TRUST-A (ESRT) is 6.59 and the Price/Book (PB) ratio is 0.91.
What is the financial health of EMPIRE STATE REALTY TRUST-A (ESRT) stock?
The financial health rating of EMPIRE STATE REALTY TRUST-A (ESRT) is 4 / 10.