Empire State Realty Trust stock
ESRTNYSEEmpire State Realty Trust, Inc., Real EstateISIN US2921041065
45Score 45 out of 100, Weak
We are checking this figure against the original source: P/E ratio.
Price and trend
64 / 100
Price history
−28% in one yearThe chart shows daily closes over 13 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 0.3% below it.
Since February 2025 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 64).
The price is 28% below its 52-week high. Largest decline in 13 years: 82% (September 2016 to September 2026).
Chart figures for advanced users
- SMA 50$4.60
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$5.23
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)64
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$3.93
- The lowest closing price of the last twelve months.
- Resistance$7.22
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Empire State Realty Trust, Inc. belongs to the REIT (Diversified) industry (United States) and, with a market value of $898.71M, is number 15 of 27 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $768.27M (up 0.7% year on year) and earnings of $47.6M (down 7.8%).
- For fiscal 2026, analysts expect on average revenue of $742.09M (down 3.4%) and adjusted earnings per share of $0.79.
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- MEQIRI Score 45 out of 100 (Weak): rank 254 of 325 in Real Estate, median 55.
- The P/E is 5,203 (REIT (Diversified) median 17.3, own median of recent years 36).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $13.16, with the price 60% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow above 500% of earnings over the last 12 months.Fundamentals 53
Weaknesses
- Richly valuedP/E 5,203, REIT (Diversified) median 17.3, own median 36.Valuation 68
- Interest barely coveredOperating profit covers interest only 1.7 times.Stability 54
- Share price fell sharplyDown 30% over the last 12 months.Momentum 41
The score is held back by capital allocation and profitability.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $10.12 and expensive above $18.79 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $16.49 (cash-flow model) and $9.83 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $11.78, at 7.8% it would be $15.22.
Possible value trap: looks cheap, but score below 50.
Valuation metrics
Half from the cash-flow model, half from operating cash flow per share times the median price to cash flow of the REIT industry (11.6). For the fair value, FFO only counts when it is in line with operating cash flow. That is not the case here, for example because the REIT carries its properties at market value, records little depreciation or a gain on sale sits in earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 4% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 1.7% on the twelve months before. Revenue has grown solidly since 2008, at about 6% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 2%, operating 18%, net 6%. Last 12 months: net 0%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 16 Feb 2027in 95 days
- Last reported
- 2 Nov 2026EPS reported $0.02
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.79+2.6%
- Revenue
- $742.09M−4.1%
- Earnings per share
- $0.050.0%
- Revenue
- $746.95M−5.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −12.8%Guidance cut: core FFO per share lowered by $0.13 on weaker observation deck visitation (assuming $55 million of NOI); year-end occupancy guidance of 90% to 92% unchanged.
“For our commercial portfolio, we assume year-end occupancy of 90% to 92%, which is unchanged from our prior guidance.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 30 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Empire State Realty Trust
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 45
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Diversified)
The next larger and next smaller companies by market value
- American Assets TrustAAT $1.32B51
- GMP Property SOCIMIYGMP.MC $1.31B64
- IcadeICAD.PA $1.28B37
- Cpi Fim S.a.OPG.WA $1.06B48
- CTO Realty GrowthCTO $784.51M54
- JBG SMITH PropertiesJBGS $702.32M34
- SafeholdSAFE $689.37M45
- AH Realty TrustAHRT $603.25M48
ETFs that hold Empire State Realty Trust
Held by 12 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.06% | 0.43% | €2.5B |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.04% | 0.40% | €329.7M |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.04% | 0.10% | €395.74M |
Show 5 more
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.03% | 0.30% | €185.82M |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.03% | 0.30% | €4.28B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.03% | 0.30% | €2.22B |
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.02% | 0.30% | €944.34M |
| State Street SPDR MSCI World Small Cap UCITS ETF (Acc)ZPRS | 0.02% | 0.45% | €1.53B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 20 Dec 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.