Empire State Realty Trust, Inc. (ESRT)
NYSE · Real Estate Investment Trusts · Finance, insurance and real estate · CIK 1541401 · fiscal year ends in Dec
Closing price $5.05 on 29 Oct 2026; 52-week range $3.93 to $7.62.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $784.2M
- Revenue growth
- 2.0%
- Net income, last twelve months
- $3.1M
- Earnings per share
- $0.02
- Operating margin
- -4.4%
- Net margin
- 0.4%
- Free cash flow
- $103.8M
- Return on equity
- 0.3%
- Market value
- $1.4B
- Price to earnings
- 252.5x
- Dividend yield
- 2.8%
- Cash
- $85.6M
- Debt
- $2.2B
- Debt to equity
- 2.14
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $768.3M | $135.6M | $43.4M | $0.25 | $50.6M | 10-K filed 2 Mar 2026 |
| FY2024 | 31 Dec 2024 | $767.9M | $158.7M | $47.4M | $0.28 | $88.0M | 10-K filed 28 Feb 2025 |
| FY2023 | 31 Dec 2023 | $739.6M | $146.7M | $49.0M | $0.30 | $63.3M | 10-K filed 28 Feb 2024 |
| FY2022 | 31 Dec 2022 | $727.0M | $127.0M | $36.4M | $0.22 | $125.2M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $624.1M | $79.1M | -$10.7M | -$0.06 | -$185.9M | 10-K filed 25 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $196.9M | -$25.8M | -$0.15 |
| Q1 FY2026 | 31 Mar 2026 | $190.3M | $1.2M | $0.01 |
| Q4 FY2025 | 31 Dec 2025 | $199.2M | $19.7M | $0.11 |
| Q3 FY2025 | 30 Sep 2025 | $197.7M | $8.0M | $0.05 |
| Q2 FY2025 | 30 Jun 2025 | $191.3M | $6.5M | $0.04 |
| Q1 FY2025 | 31 Mar 2025 | $180.1M | $9.2M | $0.05 |
| Q4 FY2024 | 31 Dec 2024 | $197.6M | $11.2M | $0.07 |
| Q3 FY2024 | 30 Sep 2024 | $199.6M | $13.5M | $0.08 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Real Estate, Segment | $638.5M | 83.3% |
| Observatory, Segment | $128.3M | 16.7% |
Company events
The newest 8-K filings of 139 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 17 Jul 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 2 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 19 May 2026 | 8-K | Shareholder vote | 5.07 |
| 29 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 15 Apr 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 16 Mar 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 17 Feb 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 5 Dec 2025 | 8-K | Investor update | 7.01, 9.01 |
| 2 Dec 2025 | 8-K | Investor update | 7.01, 9.01 |
| 17 Nov 2025 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 29 Oct 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 382 held.
| Filed | Form | Period |
|---|---|---|
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | S-3ASR | – |
| 29 Jul 2026 | 8-K | 29 Jul 2026 |
| 17 Jul 2026 | 8-K | 17 Jul 2026 |
| 2 Jun 2026 | 8-K | 2 Jun 2026 |
| 19 May 2026 | 8-K | 14 May 2026 |
| 15 May 2026 | S-8 | – |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 29 Apr 2026 | 8-K | 29 Apr 2026 |
| 15 Apr 2026 | 8-K | 15 Apr 2026 |
| 2 Apr 2026 | ARS | 31 Dec 2025 |
| 2 Apr 2026 | DEFA14A | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 15 May 2026 | Robinson James D Iv, Director | Took pay in stock | 19,236 | – | – | – | 19 May 2026 |
| 15 May 2026 | Hood Robert Paige, Director | Took pay in stock | 19,236 | – | – | – | 19 May 2026 |
| 15 May 2026 | Hill Grant, Director | Took pay in stock | 19,236 | – | – | – | 19 May 2026 |
| 15 May 2026 | Giliberto Salvatore Michael, Director | Took pay in stock | 19,236 | – | – | – | 19 May 2026 |
| 15 May 2026 | Gilbert Steven J, Director | Took pay in stock | 19,236 | – | – | – | 19 May 2026 |
| 13 Mar 2026 | Malkin Anthony E, Chairman and CEO | Took pay in stock | 599,133 | – | – | – | 17 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 5 Oct 2026 | Erez REIT Opportunities LP | 13D | 5.8% | 10.0M |
| 14 Aug 2026 | Southeastern Asset Management, Inc. | 13G | 5.1% | 8.7M |
| 14 Aug 2026 | Cohen & Steers, Inc. | 13G amended | 0% | 9 |
| 14 Aug 2026 | Ameriprise Financial, Inc. | 13G amended | 8.4% | 14.5M |
| 12 Aug 2026 | LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | 13G amended | 7.64% | 13.1M |
| 8 Jul 2026 | Cohen & Steers, Inc. | 13G amended | 0% | 9 |
| 18 May 2026 | LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | 13G amended | 5.3% | 9.1M |
| 7 May 2026 | LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | 13G | 5.32% | 9.1M |
| 29 Apr 2026 | Vanguard Portfolio Management | 13G | 7.28% | 12.4M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 10 Apr 2023 | Daniel Goldman (NY10) | Sale | $1,001 - $15,000 | 19 May 2023 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 12.5M | +13.5% | 2.4 |
| 30 Sep 2026 | 11.0M | -5.23% | 2.01 |
| 15 Sep 2026 | 11.6M | +22.32% | 2.88 |
| 31 Aug 2026 | 9.5M | +18.09% | 5.26 |
| 14 Aug 2026 | 8.1M | +4.21% | 4.25 |
| 31 Jul 2026 | 7.7M | -11.27% | 3.92 |
| 15 Jul 2026 | 8.7M | -8.08% | 5.07 |
| 30 Jun 2026 | 9.5M | -21.68% | 3.54 |
Funds that hold it
From each fund's latest Form 13F.
257 funds held it at 30 Jun 2026: 136 added and 51 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 17,877,908 | $96.7M | +1,000,309 |
| Ameriprise Financial Inc. | 14,485,533 | $78.4M | +1,920,642 |
| Lasalle Investment Management Securities LLC | 13,105,447 | $70.9M | +4,046,587 |
| Vanguard Portfolio Management LLC | 12,511,023 | $67.7M | +153,493 |
| Southeastern Asset Management Inc. | 8,696,434 | $47.0M | +2,223,117 |
| Sumitomo Mitsui Trust Group, Inc. | 6,905,936 | $37.4M | +2,000,283 |
| Vanguard Capital Management LLC | 6,057,833 | $32.8M | +65,270 |
| State Street Corp. | 6,006,793 | $32.5M | +6,840 |
| Geode Capital Management, LLC | 4,030,612 | $21.8M | +403,309 |
| Centersquare Investment Management LLC | 3,580,271 | $19.4M | +328,499 |
Peers
Companies in the same industry.
- Welltower Inc. (WELL): revenue $13.8B, market value $170.7B
- Prologis, Inc. (PLD): revenue $9.4B, market value $121.7B
- Equinix Inc. (EQIX): revenue $10.1B, market value $102.6B
- American Tower Corp. (AMT): revenue $11.0B, market value $86.3B
- Simon Property Group Inc. (SPG): revenue $6.9B, market value $69.9B
- Digital Realty Trust, Inc. (DLR): revenue $6.8B, market value $67.8B
- Public Storage (PSA): revenue $5.0B, market value $59.3B
- Realty Income Corp. (O): revenue $6.1B, market value $54.1B
- Ventas, Inc. (VTR): revenue $6.8B, market value $44.3B
- Crown Castle Inc. (CCI): revenue –, market value $37.9B