profit from every $100 of sales.
$0$100
Empire State Realty
$5.33+0.38% today
-28.5% in 1 year
1-year low $3.931-year high $7.46
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $33.76 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Empire State Realty sold, what it kept, and what it did with the cash.
Sales went from $707 million in 2022 to $768 million in 2025, with $47.6 million of profit last year.
SalesProfit
Empire State Realty handed back 14% of the cash it generated last year.
$28M
Free cash flow 2025$249M
Bought back its own shares$8M
Paid as dividends$28M
Cash vs. debt$133M vs. $2.4B
Empire State Realty vs. similar companies
Empire State Realty grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Empire State Realty | 33.8× · Expensive | ||
 GOOD Group Stapled [GMG] | 34.7× · Expensive | ||
 W. P. Carey | 32.5× · Expensive | ||
 Land Securities Group | 16.4× · Fair price | ||
 Stockland | 13.1× · Cheap |
AI analysis
An AI analyst reads Empire State Realty's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 707 | 740 | 763 | 768 | |
| 386 | 401 | 409 | 403 | |
| 107 | 147 | 154 | 135 | |
| 383 | 379 | 378 | 374 | |
| 41 | 53 | 52 | 48 | |
| 0.22 | 0.30 | 0.28 | 0.25 | |
| 54.5% | 54.2% | 53.6% | 52.5% | |
| 15.1% | 19.8% | 20.2% | 17.6% | |
| 5.7% | 7.2% | 6.8% | 6.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 4,164 | 4,219 | 4,510 | 4,469 |
| Cash | 264 | 347 | 385 | 133 |
| Total debt | 2,275 | 2,269 | 2,484 | 2,400 |
| Total liabilities | 2,481 | 2,488 | 2,728 | 2,647 |
| 954 | 986 | 1,031 | 1,060 | |
| 270 | 266 | 269 | 270 | |
| 4.1% | 4.6% | 4.3% | 4.1% | |
| 4.3% | 5.4% | 5.0% | 4.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 211 | 232 | 261 | 249 | |
| – | – | – | – | |
| 211 | 232 | 261 | 249 | |
| Dividends paid | 27 | 27 | 27 | 28 |
| 90 | 13 | 0 | 8 | |
| 21 | 20 | 22 | 25 |
Valuation
- 33.8×
- 6.1×
- 7.76
- 0.9×
- 2.1×
- 6.5×
- 10.4×
- 15.5%
- 3.0%
- 2.5%
Profitability
- 52.5%
- 17.6%
- 6.2%
- 46.6%
- 17.0%
- 1.1%
- 3.8%
- 0.9%
- 3.2%
- –
Growth
- +2.8%
- +4.4%
- −80.6%
- −7.8%
- −0.6%
Financial health
- 6.4×
- 2.24
- 54.1%
- 1.3×
- 5.73
- 5.73
- 0.18
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 6%of 746
Bottom 25%of 752
Bottom 20%of 667
Bottom 29%of 763
Top 10%of 762
What analysts expect
- Average price target
- $6.90
- Range
- $6.80 – $7.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.20 | – | – |
| Feb 17, 2026 | 0.23 | – | – |
| Oct 29, 2025 | 0.23 | – | – |
| Jul 23, 2025 | 0.22 | – | – |
| Apr 29, 2025 | 0.19 | – | – |
| Feb 19, 2025 | 0.24 | 0.05 | +380.0% |
| Oct 21, 2024 | 0.26 | 0.05 | +420.0% |
| Jul 24, 2024 | 0.24 | 0.24 | +0.0% |
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
−7.8%2020 to 2025
Raised–not every year
Paid per share, each year
$0.34 in 2015 → $0.14 in 2025
How safe it looks
58.7% of its profit
Room to growStretchedMore than it earns: 11.2%
News
Elon Musk may have just taken a major step toward consolidating his empireMarketWatch · Oct 16, 2026David Ellison just brought in a co-CEO to run his new empire: Meet Ynon KreizCNBC · Oct 5, 2026Mark Zuckerberg is coming for Apple’s empireMarketWatch · Oct 1, 2026Magic Empire Global prices $3M offering at $1.12 per unitSeeking Alpha · Sep 28, 2026Walmart’s advertising empire is booming. Here’s what it could target next.MarketWatch · Sep 8, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
45No pass
Benjamin Graham
44No pass
Philip Fisher
27No pass
Peter Lynch
43No pass
Joel Greenblatt
47No pass
Charlie Munger
41No pass
Terry Smith
40No pass
Questions about Empire State Realty
Is Empire State Realty a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Empire State Realty AI analysis
What does Empire State Realty do?
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. It is in REIT - Diversified.
Does Empire State Realty pay a dividend?
Yes. At today's price the dividend is 2.5% a year, about 59% of its yearly profit. In 2025 it paid out $27.9 million in dividends.
Is Empire State Realty stock halal?
No. Empire State Realty does not pass our halal screen: its debt is 149% of its market value, at or above the 33% limit. How we check
How has Empire State Realty stock done over the past year?
Down 28.5% over the past twelve months, to $5.33. It traded between $3.93 and $7.46 and is 28.6% below its high.
Who are Empire State Realty's competitors?
The largest listed companies in the same industry are GOOD Group Stapled [GMG], W. P. Carey, Land Securities Group and Stockland. The peers table on this page compares their profit, growth and price with Empire State Realty's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.