Empire State Realty Trust, Inc. (ESRT) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA below its 5-year median

Empire State Realty Trust's EV/EBITDA of 5.1 is below its 5-year median of 5.8.

P/B below the industry

Empire State Realty Trust's price-to-book of 0.88 is below the Miscellaneous Investing median of 1.20.

Trading below fair value

The share price of $5.23 is below our fair value estimate of $8.93.

Margin of safety over 20%

The price is 41.5% below fair value, more than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 1.9% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew 4.4% a year over the last three fiscal years.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing slower than the industry

Revenue grew 1.7% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance raised

Empire State Realty Trust raised its 2026 Core FFO Attributable to Common Stockholders and the Operating Partnership outlook on Jul 29, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity

Needs positive equity and five years of results.

Return on capital under 10%

Return on invested capital was -2.4%, below the 10% that usually covers the cost of capital.

Return on equity against the industry

Needs positive equity.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin against its history

Needs five years of revenue and net income.

Net margin against the industry

Needs revenue and net income.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest not well covered

Operating income covers interest expense -0.3 times; we look for at least 5.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 0.35; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Empire State Realty Trust paid dividends worth 2.7% of the share price over the last twelve months.

Yield below Treasuries

The 2.7% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Empire State Realty Trust yields 2.7%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

Earnings cover

Needs dividends paid and net income.

Cash-flow cover

Needs dividends paid and free cash flow.