Empire State Realty TrustESRT
ESRT
About: Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.
Employees: 667
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
2,695% more call options, than puts
Call options by funds: $559K | Put options by funds: $20K
75% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 56
25% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 24
2.16% more ownership
Funds ownership: 71.46% [Q3] → 73.62% (+2.16%) [Q4]
0% more funds holding
Funds holding: 219 [Q3] → 220 (+1) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
3% less capital invested
Capital invested by funds: $1.3B [Q3] → $1.26B (-$39.4M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for ESRT.
Financial journalist opinion
Based on 8 articles about ESRT published over the past 30 days
Neutral
Seeking Alpha
6 hours ago
Empire State Realty Trust, Inc. (ESRT) Q1 2025 Earnings Call Transcript
Empire State Realty Trust, Inc. (NYSE:ESRT ) Q1 2025 Earnings Conference Call April 30, 2025 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate and Secretary Tony Malkin – Chairman and Chief Executive Officer Thomas Durels – Executive Vice President-Real Estate Steve Horn – Executive Vice President, Chief Financial Officer and Chief Accounting Officer Christina Chiu – President Conference Call Participants Steve Sakwa – Evercore ISI Regan Sweeney – BMO Capital Markets Blaine Heck – Wells Fargo Seth Bergey – Citi Dylan Burzinski – Green Street Operator Greetings, and welcome to the Empire State Realty Trust First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
1 day ago
Empire State Realty Trust Announces First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year– in Tripadvisor's 2024 Travelers' Cho.
Neutral
Business Wire
1 week ago
Empire State Realty Trust Publishes 2024 Sustainability Report with Major Achievements, Targets, and Metrics
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) published its annual Sustainability Report that features major awards and achievements, data-based goals, and transparent metrics for sustainability, energy efficiency, and corporate social responsibility throughout its portfolio. "The annual Sustainability Report reflects our continued leadership in sustainability in real estate and proven performance as industry leaders in energy efficiency and healthy buildings with prov.
Negative
Seeking Alpha
1 week ago
Powell On The Hot Seat
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough."
Neutral
Business Wire
1 week ago
Carolina Herrera, Ltd. Signs Renewal and Expansion Lease with Empire State Realty Trust for 34K Square Feet at 501 Seventh Avenue
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 34K square foot expansion and renewal lease with Carolina Herrera, Ltd. – a high-end New York City fashion house and subsidiary of Puig Brands – at 501 Seventh Avenue. "Carolina Herrera remains deeply committed to the New York Fashion District and continues to play a vital role in the fashion ecosystem that the neighborhood nurtures,” said Emilie Rubinfeld, president at Carolina Herrera. “Th.
Neutral
Business Wire
1 week ago
Workday, Inc. Signs 39k Square Foot Renewal and Expansion Lease at the Empire State Building
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a renewal and 12,338 square foot expansion lease with Workday, Inc. – the AI platform for managing people, money, and agents – for a total of 39,069 square feet at the iconic Empire State Building. Workday continues to grow with ESRT – the company leased its first prebuilt suite at One Grand Central Place back in 2015. "We are thrilled to continue to expand at the iconic Empire State Building,.
Neutral
Business Wire
2 weeks ago
Gerson Lehrman Group, Inc. Signs 77,382 Square Foot Renewal Lease at One Grand Central Place
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed a 77,382 square foot renewal lease with Gerson Lehrman Group, Inc. (GLG) – a financial and global information services consulting company – at One Grand Central Place. GLG joined the ESRT portfolio in 2013 and now occupies two full floors overlooking Vanderbilt Plaza. "One Grand Central Place's unmatched location and office environment have created an ideal headquarters for GLG to convene the.
Neutral
The Motley Fool
4 weeks ago
2 Beaten-Down Dividend Stocks You Can Buy Right Now
The S&P 500 remains close to correction territory, and there are some excellent bargains to be found in the stock market right now. And not just when it comes to beaten-down technology stocks.
Neutral
Business Wire
4 weeks ago
Empire State Realty Trust Achieves WELL Health-Safety Leadership Award for Second Consecutive Year
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it received the 2024 IWBI WELL Health Safety Leadership award for its prioritization of building occupant health and well-being and achievement of WELL Health-Safety Rating across 100% of its portfolio in each year of participation since 2020. “ESRT has long been an industry leader in quantitative energy, sustainability and indoor environmental quality performance, which deliver measurable value for our.
Neutral
Seeking Alpha
1 month ago
Empire State Realty Trust: Low Multiple, Dramatic Selloff
Empire State Realty Trust has been dipping and now trades at a 9.3x price to 2025 guided FFO multiple. ESRT's Manhattan office occupancy rate ended its fiscal 2024 fourth quarter at 89% with positive leasing spreads of 10.8%. The REIT faces no debt maturities in 2025 and had $900 million in liquidity as of the end of its fourth quarter.
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