Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, modernized well-located offices and multifamily assets. ESRT's flagship Empire State Building, the (World's Most Famous Building) features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2025, ESRT's portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Empire State Realty Trust, Inc. was established on July 29, 2011, and was incorporated in 2011 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $768M | $374M | $48M | $249M | 4.5% | 0.6% | -7.8% |
| 2024 | $763M | $378M | $52M | $261M | 5.0% | 3.2% | -3.0% |
| 2023 | $740M | $379M | $53M | $232M | 5.4% | 4.6% | 31.0% |
| 2022 | $707M | $383M | $41M | $211M | 4.3% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 767.81 |
| Operating Revenue | 756.02 |
| Cost Of Revenue | 365.02 |
| Gross Profit | 402.79 |
| Operating Expense | 267.60 |
| Selling General And Administration | 72.84 |
| Total Expenses | 632.62 |
| Operating Income | 135.18 |
| Total Operating Income As Reported | 135.65 |
| EBITDA | 374.08 |
| Normalized EBITDA | 338.70 |
| EBIT | 179.32 |
| Interest Income | 8.75 |
| Interest Expense | 103.78 |
| Net Interest Income | -95.03 |
| Other Income Expense | 35.38 |
| Interest Income Non Operating | 8.75 |
| Interest Expense Non Operating | 103.78 |
| Net Non Operating Interest Income Expense | -95.03 |
| Pretax Income | 75.54 |
| Tax Provision | 2.56 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 12.70 |
| Net Income Continuous Operations | 72.98 |
| Net Income From Continuing And Discontinued Operation | 47.60 |
| Net Income From Continuing Operation Net Minority Interest | 47.60 |
| Net Income | 47.60 |
| Net Income Common Stockholders | 43.40 |
| Net Income Including Noncontrolling Interests | 72.98 |
| Normalized Income | 24.92 |
| Diluted NI Availto Com Stockholders | 68.78 |
| Basic Average Shares | 168.54 |
| Diluted Average Shares | 270.04 |
| Reconciled Depreciation | 194.76 |
| Reconciled Cost Of Revenue | 365.02 |
| Total Unusual Items | 35.38 |
| Total Unusual Items Excluding Goodwill | 35.38 |
| Preferred Stock Dividends | 4.20 |
| Minority Interests | -25.38 |
| Special Income Charges | 0.37 |
| Other Special Charges | -0.37 |
| Write Off | - |
| Gain On Sale Of Security | 35.02 |
| Depreciation Amortization Depletion Income Statement | 194.76 |
| Depreciation And Amortization In Income Statement | 194.76 |
| General And Administrative Expense | 72.84 |
| Other Gand A | 72.84 |
| Rent Expense Supplemental | 9.33 |
| Rent And Landing Fees | - |
| Otherunder Preferred Stock Dividend | - |
| Average Dilution Earnings | 25.38 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Empire State Realty Trust, Inc.this co. | ESRT | $1.6B | 33.83↑ premium | 1.52 | 4.5% | 10.36 |
| SmartStop Self Storage REIT, Inc. | SMA | $1.7B | -1100.86 | 1.44 | -0.1% | 20.61 |
| Ellington Financial Inc. | EFC | $1.7B | 14.28 | 0.92 | 6.5% | - |
| Innovative Industrial Properties, Inc. | IIPR | $1.7B | 14.21 | 0.93 | 6.6% | 9.60 |
| Sila Realty Trust, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| SILA |
| $1.7B |
| 50.45 |
| 1.26 |
| 2.5% |
| 16.48 |
| Century Communities, Inc. | CCS | $1.6B | 10.95 | 0.62 | 5.7% | 12.52 |
| RLJ Lodging Trust | RLJ | $1.6B | 56.45 | 0.89 | 1.6% | 10.81 |
| Kennedy-Wilson Holdings, Inc. | KW | $1.5B | - | 1.00 | -2.5% | 14.28 |
| NexPoint Residential Trust, Inc. | NXRT | $1.5B | - | 5.03 | -10.8% | 20.72 |
| Peer Median | - | 14.24 | 0.97 | 2.0% | 14.28 | |