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Upturn AI SWOT - About
ESRT 
Empire State Realty Trust Inc (ESRT)
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Upturn Advisory Summary
08/14/2025: ESRT (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $8.97
1 Year Target Price $8.97
| 1 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0.92% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.20B USD | Price to earnings Ratio 32.17 | 1Y Target Price 8.97 |
Price to earnings Ratio 32.17 | 1Y Target Price 8.97 | ||
Volume (30-day avg) 7 | Beta 1.71 | 52 Weeks Range 6.53 - 11.49 | Updated Date 08/15/2025 |
52 Weeks Range 6.53 - 11.49 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 1.86% | Basic EPS (TTM) 0.23 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-07-22 | When Before Market | Estimate - | Actual 0.0241 |
Profitability
Profit Margin 5.85% | Operating Margin (TTM) 18.36% |
Management Effectiveness
Return on Assets (TTM) 2.19% | Return on Equity (TTM) 3.88% |
Valuation
Trailing PE 32.17 | Forward PE 81.97 | Enterprise Value 3246248355 | Price to Sales(TTM) 2.88 |
Enterprise Value 3246248355 | Price to Sales(TTM) 2.88 | ||
Enterprise Value to Revenue 4.25 | Enterprise Value to EBITDA 8.76 | Shares Outstanding 168640992 | Shares Floating 138618711 |
Shares Outstanding 168640992 | Shares Floating 138618711 | ||
Percent Insiders 0.08 | Percent Institutions 95.5 |
Upturn AI SWOT
Empire State Realty Trust Inc
Company Overview
History and Background
Empire State Realty Trust, Inc. (ESRT) was founded in 2011 as a real estate investment trust (REIT) owning, managing, operating, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area. It went public in 2013.
Core Business Areas
- Commercial Office: ESRT's primary business involves leasing and managing office space primarily in Manhattan and the greater New York metropolitan area.
- Retail: ESRT also owns and operates retail spaces within its properties, leasing to various tenants.
- Observatory: ESRT owns and operates the Observatory at the Empire State Building, a significant revenue generator and iconic tourist attraction.
Leadership and Structure
Anthony E. Malkin serves as the Chairman, President, and CEO. The company has a board of directors and operates with a typical REIT organizational structure.
Top Products and Market Share
Key Offerings
- Office Space: ESRT leases office space to a variety of tenants. Market share data for specific NYC office market share is hard to pin down precisely but ESRT focuses on Class A office space. Competitors include SL Green Realty Corp (SLG), Vornado Realty Trust (VNO), and Boston Properties (BXP).
- Retail Space: ESRT leases retail space within its properties. The retail segment is subject to broader economic trends and faces competition from various retail landlords. Competitors include Brookfield Properties and Westfield.
- Empire State Building Observatory: The Observatory offers tourists a unique experience. Competitors include Top of the Rock Observation Deck and One World Observatory.
Market Dynamics
Industry Overview
The commercial real estate industry, particularly in Manhattan, is competitive and affected by economic cycles, interest rates, and demand for office and retail space. The industry faces challenges with the rise of remote work.
Positioning
ESRT's positioning is centered around owning and managing iconic properties, particularly the Empire State Building, and providing Class A office space in desirable locations. Its competitive advantage lies in its brand recognition and prime real estate assets.
Total Addressable Market (TAM)
The TAM for commercial real estate in Manhattan is substantial, estimated to be worth hundreds of billions of dollars. ESRT captures a small percentage through its office and retail leasing operations and the Empire State Building Observatory.
Upturn SWOT Analysis
Strengths
- Iconic properties (Empire State Building)
- Prime locations in Manhattan
- Strong brand recognition
- Experienced management team
- Diversified tenant base
Weaknesses
- High concentration of assets in Manhattan
- Sensitivity to economic downturns
- High operating costs related to maintaining iconic buildings
- Vulnerability to changing demand for office space (remote work)
- Dependence on tourist traffic for Observatory revenue
Opportunities
- Repositioning assets to meet changing tenant needs
- Expanding tenant amenities and services
- Acquiring additional properties in strategic locations
- Capitalizing on growing tourism to NYC
- Developing sustainable building practices
Threats
- Economic recession
- Increased interest rates
- Over-supply of office space
- Competition from other landlords
- Decline in tourism due to geopolitical factors or health crises
- Remote Work trends and reduced office occupancy rates
Competitors and Market Share
Key Competitors
- SLG
- VNO
- BXP
- ARE
Competitive Landscape
ESRT competes with other REITs and real estate companies for tenants and investment opportunities. Its advantages include its iconic properties and prime locations, while disadvantages include its high concentration in Manhattan and vulnerability to economic downturns. The NYC commercial real estate market has many participants and this represents rough estimates.
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires analyzing the company's financial performance over the past several years, focusing on revenue and asset growth.
Future Projections: Future growth projections can be found in analyst reports and company presentations.
Recent Initiatives: Recent initiatives include repositioning existing assets, attracting new tenants, and improving building sustainability.
Summary
Empire State Realty Trust benefits from its iconic flagship property and prime Manhattan locations, driving revenue through office rentals, retail, and tourism. It faces challenges from economic cycles and rising competition, especially in the office space sector due to remote work trends. To ensure future growth, ESRT must focus on innovation in its properties and diversifying assets and continue to attract tourists.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Website
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is based on estimates and may not be precise. The AI-based rating is based on the analysis above and should not be solely relied upon for investment decisions. Consult a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Empire State Realty Trust Inc
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2013-10-02 | Chairman & CEO Mr. Anthony E. Malkin | ||
Sector Real Estate | Industry REIT - Diversified | Full time employees 667 | Website https://www.esrtreit.com |
Full time employees 667 | Website https://www.esrtreit.com | ||
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' Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2025, ESRT's portfolio is comprised of approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units.
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