Empire State Realty Trust, Inc. (ESRT)
Empire State Realty Trust, Inc. operates in the REIT - Diversified industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $4.72, up 1.94% on the session, giving a market capitalisation of $809.3M. On trailing twelve-month figures it carries a trailing P/E of 173.53, a net margin of 0.9%. Its beta of 1.39 implies it has historically moved more than the broad market.
Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.
Empire State Realty Trust, Inc. is most often compared with the following Real Estate names: