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Empire State Realty ( (ESRT) ) has provided an update.
Empire State Realty Trust announced its financial results for the first quarter of 2025, reporting a net income of $0.05 per share and core funds from operations of $0.19 per share, a slight decrease from the previous year. The company signed leases for approximately 231,000 rentable square feet and maintained a strong liquidity position with $0.8 billion available. The Manhattan office portfolio was 93.0% leased, and the total commercial portfolio was 92.5% leased as of March 31, 2025. Despite a decrease in same-store property cash net operating income due to increased expenses and taxes, the company remains optimistic about future occupancy and leasing percentages, expecting improvements by year-end.
Spark’s Take on ESRT Stock
According to Spark, TipRanks’ AI Analyst, ESRT is a Neutral.
Empire State Realty Trust shows solid financial health with no debt and strong cash flow growth, which are significant strengths. However, the technical analysis indicates bearish momentum, and the valuation appears high with a modest dividend yield. The earnings call provides a mixed outlook with strong leasing but declines in same-store NOI and flat observatory projections, leading to an overall moderate stock score.
To see Spark’s full report on ESRT stock, click here.
More about Empire State Realty
Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused real estate investment trust (REIT) that owns and operates a portfolio of high-quality office, retail, and multifamily properties. The company’s flagship property is the Empire State Building, known for its iconic Observatory, which has been recognized as a top global attraction. Empire State Realty Trust is also noted for its leadership in energy efficiency and indoor environmental quality.
YTD Price Performance: -29.70%
Average Trading Volume: 1,416,686
Technical Sentiment Signal: Buy
Current Market Cap: $1.21B
Learn more about ESRT stock on TipRanks’ Stock Analysis page.