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Upturn AI SWOT - About
ESRT 
Empire State Realty Trust Inc (ESRT)
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Upturn Advisory Summary
07/01/2025: ESRT (2-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $9.47
1 Year Target Price $9.47
| 1 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.34% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 07/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.40B USD | Price to earnings Ratio 26.97 | 1Y Target Price 9.47 |
Price to earnings Ratio 26.97 | 1Y Target Price 9.47 | ||
Volume (30-day avg) 7 | Beta 1.68 | 52 Weeks Range 6.53 - 11.49 | Updated Date 07/1/2025 |
52 Weeks Range 6.53 - 11.49 | Updated Date 07/1/2025 | ||
Dividends yield (FY) 1.73% | Basic EPS (TTM) 0.3 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.24% | Operating Margin (TTM) 14.32% |
Management Effectiveness
Return on Assets (TTM) 2.31% | Return on Equity (TTM) 4.9% |
Valuation
Trailing PE 26.97 | Forward PE 90.09 | Enterprise Value 3261200118 | Price to Sales(TTM) 3.16 |
Enterprise Value 3261200118 | Price to Sales(TTM) 3.16 | ||
Enterprise Value to Revenue 4.25 | Enterprise Value to EBITDA 8.4 | Shares Outstanding 167511008 | Shares Floating 137488186 |
Shares Outstanding 167511008 | Shares Floating 137488186 | ||
Percent Insiders 0.08 | Percent Institutions 93.58 |
Analyst Ratings
Rating 2 | Target Price 9.47 | Buy 2 | Strong Buy 1 |
Buy 2 | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
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). It owns, manages, operates, acquires, and repositions office, retail and multifamily properties in Manhattan and the greater New York metropolitan area. A key milestone was its IPO in 2013. The evolution has focused on modernizing existing properties and expanding its portfolio.
Core Business Areas
- Commercial Real Estate: ESRT primarily focuses on owning, managing, and leasing office and retail space in Manhattan and the wider New York metropolitan region.
- Observatory: ESRT operates the Empire State Building Observatory, a significant revenue generator and tourist attraction.
- Multifamily Properties: ESRT owns, and operates multifamily residential properties within its New York portfolio
Leadership and Structure
Anthony E. Malkin is the Chairman, President, and CEO. The company operates with a typical REIT structure, including a board of directors and various executive management positions.
Top Products and Market Share
Key Offerings
- Office Space: ESRT leases office space to a diverse range of tenants. Market share data is difficult to pinpoint exactly, but ESRT controls a substantial portion of Class A office space in Manhattan. Competitors include SL Green Realty Corp. (SLG) and Vornado Realty Trust (VNO).
- Retail Space: ESRT leases retail space primarily in its landmark properties. Market share is smaller relative to office space. Competitors include Brookfield Properties and Westfield.
- Empire State Building Observatory: ESRT operates the Empire State Building Observatory, drawing millions of visitors annually. It's a key tourist destination with strong brand recognition. 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 highly competitive and influenced by economic cycles, interest rates, and demand for office space. The industry is currently facing headwinds with increased remote work options decreasing office demand. Inflation is impacting property values and operating costs.
Positioning
ESRT is positioned as a leading owner and operator of premier office and retail properties in Manhattan, with a focus on sustainability and tenant experience. Its competitive advantages include its iconic properties and strong brand reputation.
Total Addressable Market (TAM)
The TAM for commercial real estate in New York City is estimated in the hundreds of billions of dollars. ESRT is a key player, focusing on the high-end segment. ESRT is positioned to address a significant, but not dominant, portion of this TAM.
Upturn SWOT Analysis
Strengths
- Iconic properties (Empire State Building)
- Strong brand recognition
- Experienced management team
- Focus on sustainability
- Prime Locations
Weaknesses
- High concentration in Manhattan market
- Exposure to economic cycles
- High maintenance and operating costs
- Dependence on tourism for Observatory revenue
- Tenant concentration risk
Opportunities
- Continued investment in property upgrades and modernization
- Expansion into new markets
- Capitalizing on sustainability trends
- Growing tourism in New York City
- Acquisition of undervalued assets
Threats
- Economic downturn
- Increased remote work
- Rising interest rates
- Increased competition
- Geopolitical instability
Competitors and Market Share
Key Competitors
- SLG
- VNO
- ARE
Competitive Landscape
ESRT's competitive advantage lies in its iconic properties, particularly the Empire State Building. However, it faces competition from larger, more diversified REITs like SLG and VNO.
Major Acquisitions
None
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: No acquisitions made.
Growth Trajectory and Initiatives
Historical Growth: ESRT's historical growth has been tied to the performance of the Manhattan commercial real estate market and the success of its observatory. There have been periods of strong revenue growth followed by periods of slower growth, depending on the economic climate.
Future Projections: Future growth is projected to be moderate, driven by continued investment in property upgrades, potential acquisitions, and growth in tourism. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include upgrades to the Empire State Building, investments in sustainability initiatives, and strategic leasing efforts.
Summary
Empire State Realty Trust is a well-known REIT, benefiting from the iconic status of the Empire State Building. However, its concentration in the Manhattan market and sensitivity to economic cycles pose risks. Focus on sustainability and strategic investments are working well, but increasing vacancy rates need to be addressed.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Data
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available information. Future financial performance is not guaranteed.
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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