Empire State Realty Trust, Inc. ESRT | NYSE
$4.73
$0.10 | 2.16%
TREND SIGNAL:
|2026-10-09
|2026-10-09
Company Overview:
Market Cap:
$1.42B
Trailing PE:
157.7x
FWD PE:
—
Payout Ratio (TTM):
304.5%
52-Week Range:
$3.93 - $8.04
10 Year ESRT Performance Metrics:
Total Return (with DRIP):
-70.9% (-11.61% CAGR)
Total Return (no DRIP):
-65.0% (-9.95% CAGR)
Share Price:
-76.2% (-13.38% CAGR)
Yield on Cost (with DRIP):
0.86%
Total Invested:
$10,000
Total Value (with DRIP):
$2,910
Total Return $ (with DRIP):
-$7,090
Dividend Increase:
-66.7% (-10.65% CAGR)
Dividend Yield (FWD):
2.96% ($0.14)
ESRT 10-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
ESRT Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
ESRT Price CAGR:1Y: -34.49%2Y: -34.51%5Y: -15.13%10Y: -13.38%
ESRT Dividend Charts
ESRT Dividend CAGR:1Y: -10.41%2Y: 0.00%5Y: 14.86%10Y: -10.41%
ESRT Dividend Payout Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
ESRT Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 25.47%10Y: -4.62%
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ESRT Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
ESRT Revenue CAGR:1Y: 3.20%2Y: -0.68%5Y: 3.59%10Y: 1.14%
ESRT EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT EBITDA CAGR:1Y: -6.61%2Y: -6.23%5Y: 0.26%10Y: -1.27%
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ESRT Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: -20.34%10Y: -3.63%
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ESRT Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Operating Income CAGR:1Y: -21.99%2Y: -22.27%5Y: 15.72%10Y: -6.49%
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ESRT Gross Profit CAGR:1Y: 1.75%2Y: 27.09%5Y: 1.95%10Y: -0.01%
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ESRT Shares Outstanding CAGR:1Y: -0.37%2Y: -0.12%5Y: -0.64%10Y: -0.42%
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ESRT Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Stock-Based Comp CAGR:1Y: 62.00%2Y: 0.00%5Y: 15.76%10Y: 15.67%
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ESRT Expenses CAGR:1Y: -62.12%2Y: -43.34%5Y: 6.73%10Y: -2.94%
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ESRT Revenue CAGR:1Y: 3.20%2Y: -0.68%5Y: 3.59%10Y: 1.14%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
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ESRT Actual Revenue CAGR:1Y: 3.20%2Y: -0.68%5Y: 3.59%10Y: 1.14%
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ESRT Actual EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Actual Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Actual EBITDA CAGR:1Y: -6.61%2Y: -6.23%5Y: 0.26%10Y: -1.27%
Ratios, Profit Margins & Return on Capital:
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ESRT Net Profit Margin CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Gross Profit Margin CAGR:1Y: -97.96%2Y: -81.61%5Y: -54.70%10Y: -32.92%
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ESRT Price to Earnings CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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ESRT Price To Sales Ratio CAGR:1Y: -34.18%2Y: -28.34%5Y: -14.82%10Y: -11.70%
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ESRT Return on Capital Employed CAGR:1Y: -29.75%2Y: -23.81%5Y: 14.99%10Y: -7.33%
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ESRT Return on Invested Capital CAGR:1Y: -22.90%2Y: -55.33%5Y: 14.54%10Y: -6.76%
ESRT Dividends Info:
Annual Dividend:
$0.14
Forward Yield:
2.96%
Ex-Dividend Date:
2026-09-15
Lifetime Dividends / Share:
$3.40
ESRT Dividend History: Dates, Payments & Yield list
Below is a schedule of all ESRT dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 09/15/2026 | 09/30/2026 | $0.035 | 3.31% | 3.47% | $4.03 |
| 06/15/2026 | 06/30/2026 | $0.035 | 2.64% | 2.59% | $5.41 |
| 03/13/2026 | 03/31/2026 | $0.035 | 2.7% | 2.69% | $5.20 |
| 12/15/2025 | 12/31/2025 | $0.035 | 1.99% | 2.15% | $6.52 |
| 09/15/2025 | 09/30/2025 | $0.035 | 1.8% | 1.83% | $7.66 |
| 06/13/2025 | 06/30/2025 | $0.035 | 1.64% | 1.73% | $8.09 |
| 03/14/2025 | 03/31/2025 | $0.035 | 1.75% | 1.79% | $7.82 |
| 12/16/2024 | 12/31/2024 | $0.035 | 1.27% | 1.36% | $10.32 |
| 09/16/2024 | 09/30/2024 | $0.035 | 1.32% | 1.26% | $11.08 |
| 06/14/2024 | 06/28/2024 | $0.035 | 1.5% | 1.49% | $9.38 |
| 03/14/2024 | 03/28/2024 | $0.035 | 1.45% | 1.38% | $10.13 |
| 12/15/2023 | 12/29/2023 | $0.035 | 1.46% | 1.44% | $9.69 |
| 09/14/2023 | 09/29/2023 | $0.035 | 1.59% | 1.74% | $8.04 |
| 06/14/2023 | 06/30/2023 | $0.035 | 2.01% | 1.87% | $7.49 |
| 03/14/2023 | 03/31/2023 | $0.035 | 2.12% | 2.16% | $6.49 |
| 12/16/2022 | 12/30/2022 | $0.035 | 2.07% | 2.08% | $6.74 |
| 09/14/2022 | 09/30/2022 | $0.035 | 0.97% | 1.07% | $6.56 |
| 06/14/2022 | 06/30/2022 | $0.035 | 1.05% | 1% | $7.03 |
| 03/14/2022 | 03/31/2022 | $0.035 | 0.76% | 0.71% | $9.82 |
| 12/17/2021 | 12/31/2021 | $0.035 | 0.79% | 0.79% | $8.90 |
| 09/14/2021 | 09/30/2021 | $0.035 | 0.7% | 0.7% | $10.03 |
| 06/14/2021 | 06/30/2021 | $0.035 | 0.55% | 0.58% | $12.00 |
| 06/18/2020 | 06/30/2020 | $0.105 | 6.07% | 6% | $7.00 |
| 03/13/2020 | 03/31/2020 | $0.105 | 4.22% | 4.69% | $8.96 |
| 12/20/2019 | 12/31/2019 | $0.105 | 3.05% | 3.01% | $13.96 |
| 09/13/2019 | 09/30/2019 | $0.105 | 2.94% | 2.94% | $14.27 |
| 06/13/2019 | 06/28/2019 | $0.105 | 2.76% | 2.84% | $14.81 |
| 03/14/2019 | 03/29/2019 | $0.105 | 2.61% | 2.66% | $15.80 |
| 12/14/2018 | 12/31/2018 | $0.105 | 2.73% | 2.95% | $14.23 |
| 09/13/2018 | 09/28/2018 | $0.105 | 2.46% | 2.53% | $16.61 |
| 06/14/2018 | 06/29/2018 | $0.105 | 2.48% | 2.46% | $17.10 |
| 03/14/2018 | 03/30/2018 | $0.105 | 2.46% | 0% | $0.00 |
| 12/14/2017 | 12/29/2017 | $0.105 | 2.05% | 2.05% | $20.53 |
| 09/14/2017 | 09/29/2017 | $0.105 | 2.05% | 2.04% | $20.54 |
| 06/13/2017 | 06/30/2017 | $0.105 | 1.97% | 2.02% | $20.77 |
| 03/13/2017 | 03/31/2017 | $0.105 | 2.07% | 2.03% | $20.64 |
| 12/13/2016 | 12/29/2016 | $0.105 | 2.07% | 2.12% | $19.84 |
| 09/15/2016 | 09/30/2016 | $0.105 | 2.03% | 2% | $20.95 |
| 06/13/2016 | 06/30/2016 | $0.105 | 2.19% | 2.21% | $18.99 |
| 03/14/2016 | 03/31/2016 | $0.085 | 2.04% | 1.94% | $17.53 |
| 12/11/2015 | 12/31/2015 | $0.085 | 1.93% | 1.88% | $18.07 |
| 09/11/2015 | 09/30/2015 | $0.085 | 2.04% | 2% | $17.03 |
| 06/11/2015 | 06/30/2015 | $0.085 | 1.91% | 1.99% | $17.06 |
| 03/11/2015 | 03/31/2015 | $0.085 | 1.93% | 1.81% | $18.81 |
| 12/11/2014 | 12/31/2014 | $0.085 | 1.98% | 1.93% | $17.58 |
| 09/11/2014 | 09/30/2014 | $0.085 | 2.11% | 2.26% | $15.02 |
| 06/11/2014 | 06/30/2014 | $0.085 | 2.06% | 2.06% | $16.50 |
| 03/12/2014 | 03/31/2014 | $0.085 | 2.3% | 2.25% | $15.11 |
| 12/12/2013 | 12/30/2013 | $0.080 | 2.26% | 2.08% | $15.28 |
Projected Future Returns & Dividends for ESRT
Based on past 10-year performance, here are ESRT growth metrics:
Share price CAGR of -13.38%
Dividend CAGR of -10.41%
Using ESRT CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| ESRT (DRIP) | ESRT - No DRIP | |
|---|---|---|
| Current Price | $4.73 | $4.73 |
| Start Shares | 2,114.16 | 2,114.16 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 2,839.29 | 2,114.16 |
| Dividends Payment | $0.01 | $0.01 |
| Annual Dividends | $95 | $70 |
| Yield on cost | 0.95% | 0.70% |
| Share Price | $1.12 | $1.12 |
| Total Dividends | $1,888 | $1,686 |
| Final Value | $3,194 | $4,064 |
Estimated Future Value + Dividends - ESRT
NOTE: Above numbers are our estimate based on ESRT's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
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Company Info
Empire State Realty Trust, Inc. (ESRT) had its IPO on 2013-10-02, and is traded on NYSE stock exchange.
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.
ESRT website: https://www.esrtreit.com
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DCF Model — ESRT
Value from:
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Pay up to today
—
vs current price $4.73
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Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
