ESRT

Based on Empire State Realty Trust, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does Empire State Realty Trust do?

Empire State Realty Trust owns and manages office and retail properties in Manhattan and the surrounding New York metro area. Its portfolio includes the Empire State Building, which generates both leasing and observatory revenue. The company also has a track record in sustainability and building efficiency programs.

Does ESRT pay dividends?

Yes, ESRT pays a regular dividend. As a REIT, it is required to distribute most of its taxable income to shareholders. However, given the Weak Quality and Risk pillar ratings, investors should assess the dividend's sustainability within the context of the company's broader financial health before making income-focused decisions.

When does ESRT report earnings?

Empire State Realty Trust reports on a quarterly cadence, as is standard for US-listed REITs. For specific dates and the most recent results, check the investor relations section of the company's official website.

Is ESRT a good stock to buy?

UQS Score rates ESRT as Below Average. Four of five pillars — Quality, Moat, Growth, and Risk — are rated Weak, while Valuation is Neutral. This profile suggests meaningful fundamental challenges. Investors should review the full pillar breakdown available to UQS Pro members before drawing conclusions.

Is ESRT overvalued?

The UQS Valuation pillar for ESRT is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the weak underlying quality and growth profile, the Neutral valuation reading reflects a market that has already discounted significant uncertainty.

How does ESRT compare to its competitors?

ESRT is differentiated by its iconic asset — the Empire State Building — and its Manhattan-centric portfolio. Peers like Safehold and Peakstone operate with different structures or broader geographic reach. BrightSpire focuses on real estate credit rather than direct ownership. Each carries a distinct risk and return profile worth comparing through a structured framework like UQS Score.

What is ESRT's market cap bracket?

ESRT is classified as a small-cap company. This places it below large-cap REITs in terms of total market value, which can mean lower liquidity and higher sensitivity to sector-specific headwinds compared to larger peers in the real estate space.

Who founded Empire State Realty Trust?

Empire State Realty Trust was formed in 2013 as part of a consolidation of properties long associated with the Malkin family's real estate holdings. For detailed founding history, publicly available sources and the company's official filings provide comprehensive background.

Is ESRT a long-term quality investment?

As a long-term quality indicator, ESRT's UQS profile raises caution. With Weak ratings across Quality, Moat, Growth, and Risk, the company faces structural challenges in Manhattan office real estate that may persist. Long-term investors should weigh the iconic asset base against the fundamental headwinds reflected in the pillar scores.

What is the main competitive advantage of Empire State Realty Trust?

ESRT's most distinctive asset is the Empire State Building itself — a globally recognized landmark that generates observatory revenue alongside traditional office leasing. The company also holds a leadership position in sustainability certifications. However, the UQS Moat pillar rates this advantage as Weak, suggesting limited durable differentiation at the portfolio level.

What sector does ESRT belong to?

ESRT operates in the Real Estate sector, specifically as an office and retail REIT focused on the New York metropolitan area. Office REITs have faced particular pressure in recent years due to shifting workplace trends, which is reflected in ESRT's overall UQS profile.

Empire State Realty Trust, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

Empire State Realty Trust, Inc. faces growth headwinds with declining or stagnant revenue trends.

Empire State Realty Trust, Inc. presents elevated risk with concerns around leverage or financial stability.

Empire State Realty Trust, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Empire State Realty Trust, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ESRT.

The UQS (Unified Quality Score) for Empire State Realty Trust, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Empire State Realty Trust, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Empire State Realty Trust, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.