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Detail of Empire State Realty Trust Inc
CEO
Mr. Anthony E. Malkin
Employees
666
Industry
REIT - Diversified
Sector
Real Estate
Market cap
$2B
Company details
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. As of September 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units across three multifamily properties.
Revenue
Cost of goods
Gross profit
OE
G&A
OI
OIE
PI
TAX
NI
Revenue (Rev)
$763.20M
Cost of goods (CoG)
-$349.10M
Gross profit (GP)
$414.10M
Operating expense (OE)
-$68.51M
General and administrative (G&A)
-$68.51M
Operating income (OI)
$156.54M
Other income expense (OIE)
-$9.02M
Pretax income (PI)
$80.72M
Tax (TAX)
-$3.33M
Net income (NI)
$77.40M
Stock vs Industry average
-
Industry average
Dividend yield
1.26%
Trailing annual dividend rate
$0.14
Payout ratio
51.85%
EPS
$0.47
Margin profit
6.50%
52 week low
$8.92
52 week high
$11.555
50-day simple moving average
$10.80
200-day simple moving average
$10.65
Percent held by insiders
0.05%
Percent held by institutions
91.73%
Dividend yield
1.25%
