Empire State Realty Trust, Inc.
Close on Oct 19, 2026
- Market cap
- $1.24B
- P/E (TTM)
- –
- Dividend yield
- 3.04%
About Empire State Realty Trust
Real Estate Investment Trusts, SIC 6798
Empire State Realty Trust, Inc. is a real estate investment trust that owns, operates, manages, acquires, and repositions commercial and residential real estate assets. The company operates through two business segments: real estate and observatory. Its portfolio includes office properties, retail spaces, multifamily residential units, and entitled land. In addition to leasing space, the firm operates the 86th and 102nd floor observatories at the flagship Empire State Building. Its customers include office and retail tenants, residential apartment tenants, and tourists visiting the observatory attraction.
The company's commercial portfolio is concentrated in New York City, featuring ten office properties located in Manhattan, prime retail assets, and 743 residential units, alongside entitled land in Stamford, Connecticut. The company's principal executive offices are located in New York, New York.
Summary of the business section of Empire State Realty Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Empire State Realty Trust, Inc.
- Founded
- 2011
- Headquarters
- New York, NY
- Address
- 111 West 33rd Street, 12th Fl 10120
- Phone
- (212) 850-2600
- Website
- esrtreit.com
- Employees
- 642, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, New York, New York
Stock & identifiers
- Ticker
- ESRT
- Exchange
- NYSE
- IPO date
- Oct 3, 2013
- Shares outstanding
- 173M, Aug 4, 2026
- Public float
- $1.36B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1541401
- CUSIP
- 292104106
- ISIN
- US2921041065
- LEI
- 549300VOKY1DUEQSB456
- EIN
- 37-1645259
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Anthony E. Malkin | Chairman and CEO, Director | 671,894 |
| Donna Jean Sutherland | Chief Accounting Officer | 6,252 |
| Thomas P. Durels | EVP, Real Estate | 46,592 |
| Christina Chiu | President | 0 |
| Stephen Horn | EVP and CFO | – |
| Patricia Han | Director | 0 |
| Salvatore Michael Giliberto | Director | 3,500 |
| George L.W. Malkin | Director | 0 |
| Robert Paige Hood | Director | 0 |
| Grant Hill | Director | 0 |
| Tassell Christina Van | Director | 0 |
| Steven J. Gilbert | Director | 20,000 |
| James D. Robinson IV | Director | – |
| Hannah Y. Yang | Director | 0 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Malkin | $12.67M | $2.66M | $4.40M | $76 | $81 |
| FY2024 Mr.Malkin | $13.19M | $17.60M | $4.68M | $118 | $94 |
| FY2023 Mr.Malkin | $8.96M | $20.79M | $4.71M | $109 | $78 |
| FY2022 Mr.Malkin | $8.39M | $6.47M | $3.42M | $74 | $76 |
| FY2021 Mr.Malkin | $7.92M | $1.27M | $3.08M | $96 | $122 |
| FY2020 Mr.Malkin | $10.14M | $10.79M | $3.35M | $68 | $82 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 642 people, of whom approximately 407 are covered by collective bargaining agreements.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 19, 2024 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Aug 12, 2024 | Late filing | Notification of late filing |
| Jul 21, 2014 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 3, 2013 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 30, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 13, 2012 | Merger | Registration of securities for a merger or exchange offer (S-4) |