Empire State Realty Trust, Inc.
Empire State Realty Trust, Inc. (ESRT) is a real estate investment trust (REIT) largely concentrated in Manhattan office and retail properties. Investors should know it has a relatively modest market capitalisation (about $1.30bn) and derives value from prime urban real estate, leasing dynamics and property management. Key considerations include office demand trends after the pandemic, tenant mix and lease expiries, plus the potential for asset repositioning or redevelopment. Income from rents can support distributions typical of REITs, but cash flow and property values are sensitive to local market conditions, interest rates and capital availability. ESRT’s concentration in New York City can offer premium locations but also concentrates city-specific economic and regulatory risks. This is general educational information, not personal financial advice — investors should assess suitability, check up-to-date financials and consider professional advice before acting.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Empire State Realty Trust's stock with a target price of $10.3, indicating good growth potential.
Financial Health
Empire State Realty Trust is performing well, with solid revenue and cash flow metrics indicating stability.
Dividend
Empire State Realty Trust's dividend yield of 1.81% indicates a modest return for dividend-seeking investors. If you invested $1000 you would be paid $18.10 a year in dividends (based on the last 12 months).
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Baskets Featuring ESRT
Fed Pivot Stocks: What's Next for Rate-Sensitive Plays
With core inflation aligning with Federal Reserve expectations, the central bank may be positioned to consider interest rate cuts. This theme focuses on companies in sectors that are sensitive to monetary policy and could benefit from lower borrowing costs.
Published: August 30, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Office market recovery
Improving office leasing or rent growth could support income and valuations, though recovery timing and scale remain uncertain.
Manhattan concentration
Prime New York locations can command premium rents, but concentration increases exposure to city-specific economic and regulatory shifts.
Asset repositioning potential
Opportunities may exist to redevelop or repurpose space to match demand trends, but such plans require capital and execution risk.
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