Empire State Realty stock analysis
Empire State Realty (ES9) Stock Price & Analysis
ES9 Stock Chart & Stats
- Day’s Range
- EUR 4.20 - EUR 4.56
- 52-Week Range
- EUR 3.02 - EUR 6.05
- Previous Close
- EUR 4.42
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 819.16M
- Enterprise Value
- EUR 3.23B
- Total Cash (Recent Filing)
- EUR 85.26M
- Total Debt (Recent Filing)
- EUR 2.23B
- Price to Earnings (P/E)
- ―
- Beta
- 0.64
- Next Earnings
- Feb 17, 2027 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.53%
Bulls Say, Bears Say
Bulls Say
Office Leasing Strength
High occupancy, positive leasing spreads, and sustained new-leasing activity support recurring rental income and demonstrate continued demand for ESRT’s office portfolio. Long lease durations and a substantial pipeline can improve cash-flow visibility while helping protect revenue over the next several quarters.
Liquidity And Debt Flexibility
Substantial liquidity and a manageable near-term maturity schedule give ESRT time to address debt without forcing unfavorable transactions. The predominantly unencumbered portfolio and planned use of sale proceeds for debt repayment also support financial flexibility through changing property-market conditions.
Cost Reduction And Guidance
Planned reductions in general and administrative expense can strengthen operating margins and partially offset pressure elsewhere in the portfolio. The actions extend into 2027, making them more durable than a single-period benefit, while raised core FFO guidance indicates management sees support for earnings.
Bears Say
Observation Deck Weakness
The sharp decline in visitation and NOI reduces a differentiated source of operating income and weighs on near-term cash generation. Management expects the first meaningful improvement opportunities mainly in summer 2027, so the business may remain a material earnings drag over the next several quarters.
TTM Revenue And Margin Deterioration
The pronounced TTM deterioration shows that recent earnings power is materially weaker than in prior years, despite still-positive EBIT and EBITDA margins. Persistently lower revenue and near-breakeven net profitability could restrict reinvestment, shareholder returns, and the company’s ability to absorb further operating pressure.
Elevated Leverage
Although leverage has improved and maturities are not immediate, the debt burden remains substantial relative to operating earnings. Higher leverage can keep interest and refinancing considerations central to capital allocation, limiting flexibility to invest, repurchase shares, or withstand weaker property cash flows.
ES9 FAQ
What was Empire State Realty’s price range in the past 12 months?
What is Empire State Realty’s market cap?
When is Empire State Realty’s upcoming earnings report date?
How were Empire State Realty’s earnings last quarter?
Is Empire State Realty overvalued?
Does Empire State Realty pay dividends?
What is Empire State Realty’s EPS estimate?
How many shares outstanding does Empire State Realty have?
What happened to Empire State Realty’s price movement after its last earnings report?
Which hedge fund is a major shareholder of Empire State Realty?
What is the TipRanks Smart Score and how is it calculated?
Empire State Realty Stock Smart Score
Company Description
Empire State Realty
Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.
- Sector
- Realestate
- Industry
- REIT - Diversified
- CEO
- Anthony E. Malkin
- Employees
- 642
- Website
- www.esrtreit.com
- Address
- 111 West 33rd Street, New York City, NY, 10120-1220, US
Empire State Realty (ES9) Earnings & Revenues
ES9 Company Deck
ES9 Earnings Call
Earnings Call SentimentPositive
The call was broadly constructive, with strong office and multifamily leasing, a 95.6% commercial lease rate, continued positive rent spreads, substantial share repurchases, strong liquidity, cost-reduction progress, sustainability leadership, and raised 2026 core FFO guidance. These positives were tempered by a significant decline in Observation Deck visitation and NOI, lower FFO, operating expense pressure, the FDIC-related revenue decline, and a lower-volume transaction market. Overall, the positive operating and capital allocation developments significantly outweighed the challenges.
View all DE:ES9 earnings summariesES9 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 1 | 5 |
| Technical Analysis | 3 | 1 | 5 |
| Moving Averages | 12 | 0 | 0 |
