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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.34
ESRT's Cash-to-Debt is ranked higher than
81% of the 585 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.06 vs. ESRT: 0.34 )
Ranked among companies with meaningful Cash-to-Debt only.
ESRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: 0.09 Max: N/A
Current: 0.34
Equity-to-Asset 0.30
ESRT's Equity-to-Asset is ranked lower than
84% of the 611 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.50 vs. ESRT: 0.30 )
Ranked among companies with meaningful Equity-to-Asset only.
ESRT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.02  Med: 0.08 Max: 0.42
Current: 0.3
-0.02
0.42
Interest Coverage 2.59
ESRT's Interest Coverage is ranked lower than
64% of the 674 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.68 vs. ESRT: 2.59 )
Ranked among companies with meaningful Interest Coverage only.
ESRT' s Interest Coverage Range Over the Past 10 Years
Min: 1.57  Med: 1.9 Max: 2.59
Current: 2.59
1.57
2.59
Piotroski F-Score: 8
Altman Z-Score: 1.91
Beneish M-Score: -2.53
WACC vs ROIC
8.58%
7.59%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 27.22
ESRT's Operating Margin % is ranked lower than
67% of the 616 Companies
in the Global REIT - Diversified industry.

( Industry Median: 44.96 vs. ESRT: 27.22 )
Ranked among companies with meaningful Operating Margin % only.
ESRT' s Operating Margin % Range Over the Past 10 Years
Min: -19.05  Med: 32.72 Max: 36.72
Current: 27.22
-19.05
36.72
Net Margin % 7.73
ESRT's Net Margin % is ranked lower than
79% of the 617 Companies
in the Global REIT - Diversified industry.

( Industry Median: 34.65 vs. ESRT: 7.73 )
Ranked among companies with meaningful Net Margin % only.
ESRT' s Net Margin % Range Over the Past 10 Years
Min: 4.27  Med: 14.7 Max: 19.61
Current: 7.73
4.27
19.61
ROE % 5.49
ESRT's ROE % is ranked lower than
56% of the 620 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.26 vs. ESRT: 5.49 )
Ranked among companies with meaningful ROE % only.
ESRT' s ROE % Range Over the Past 10 Years
Min: 2.23  Med: 4.84 Max: 7.66
Current: 5.49
2.23
7.66
ROA % 1.49
ESRT's ROA % is ranked lower than
71% of the 624 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.04 vs. ESRT: 1.49 )
Ranked among companies with meaningful ROA % only.
ESRT' s ROA % Range Over the Past 10 Years
Min: 0.94  Med: 2.15 Max: 9.4
Current: 1.49
0.94
9.4
ROC (Joel Greenblatt) % 9.92
ESRT's ROC (Joel Greenblatt) % is ranked lower than
51% of the 523 Companies
in the Global REIT - Diversified industry.

( Industry Median: 10.32 vs. ESRT: 9.92 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
ESRT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.47  Med: 13.11 Max: 24.52
Current: 9.92
8.47
24.52
3-Year Revenue Growth Rate 21.60
ESRT's 3-Year Revenue Growth Rate is ranked higher than
92% of the 495 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.60 vs. ESRT: 21.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
ESRT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 21.6
Current: 21.6
0
21.6
3-Year EBITDA Growth Rate 1.70
ESRT's 3-Year EBITDA Growth Rate is ranked lower than
56% of the 451 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.00 vs. ESRT: 1.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
ESRT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 1.7
Current: 1.7
0
1.7
3-Year EPS without NRI Growth Rate 34.80
ESRT's 3-Year EPS without NRI Growth Rate is ranked higher than
80% of the 391 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.40 vs. ESRT: 34.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
ESRT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 34.8
Current: 34.8
0
34.8
GuruFocus has detected 6 Warning Signs with Empire State Realty Trust Inc $ESRT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» ESRT's 10-Y Financials

Financials (Next Earnings Date: 2017-05-23 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

ESRT Guru Trades in Q1 2016

Paul Tudor Jones 10,168 sh (New)
Jim Simons 1,754,083 sh (+36.85%)
Pioneer Investments 143,000 sh (+8.75%)
» More
Q2 2016

ESRT Guru Trades in Q2 2016

Paul Tudor Jones 24,360 sh (+139.58%)
Jim Simons 2,936,000 sh (+67.38%)
Pioneer Investments 145,100 sh (+1.47%)
» More
Q3 2016

ESRT Guru Trades in Q3 2016

Jim Simons 4,155,700 sh (+41.54%)
Pioneer Investments 158,900 sh (+9.51%)
Paul Tudor Jones Sold Out
» More
Q4 2016

ESRT Guru Trades in Q4 2016

Pioneer Investments 151,800 sh (-4.47%)
Jim Simons 3,899,700 sh (-6.16%)
» More
» Details

Insider Trades

Latest Guru Trades with ESRT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: REITs » REIT - Diversified    NAICS: 531190    SIC: 6798
Compare:NYSE:WPC, NAS:GLPI, ARCA:ESBA, NYSE:STWD, OTCPK:DXSPF, OTCPK:MRPRF, NYSE:CLNS, OTCPK:FBASF, NAS:LAMR, NYSE:SRC, OTCPK:HRUFF, NAS:CONE, NYSE:VER, NYSE:SFR, NYSE:CXW, NYSE:STOR, NYSE:CIM, NYSE:OUT, NYSE:CUZ, NYSE:PSB » details
Traded in other countries:ES9.Germany,
Empire State Realty Trust Inc is a self-administered and self-managed real estate investment trust that owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area.

Empire State Realty Trust Inc formerly known as Empire Realty Trust, Inc., is a Maryland corporation organized on July 29, 2011. It is a self-administered and self-managed real estate investment trust that owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. As of June 30, 2013, the Trust owned approximately 12 office properties including one long-term ground leasehold interest encompassing approximately 7.7 million rentable square feet of office space. Seven of these properties are located in the midtown Manhattan market and encompass in the aggregate approximately 5.9 million rentable square feet of office space, including the Empire State Building. The Trust's Manhattan office properties also contain an aggregate of 418,377 rentable square feet of premier retail space on their ground floor and/or lower levels. Its remaining five office properties are located in Fairfield County, Connecticut and Westchester County, New York, encompassing in the aggregate approximately 1.8 million rentable square feet. It operates in two reportable segments: a real estate segment and a construction contracting segment. The real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of the real estate assets, including properties which are accounted for by the equity method. The construction segment includes all activities related to providing construction services to tenants and to other entities within and outside the company.

Guru Investment Theses on Empire State Realty Trust Inc

Longleaf Partners Comments on Empire State Realty Trust - Jan 25, 2016

In the last quarter we exited Empire State Realty Trust (NYSE:ESRT), which owns the Empire State Building as well as other properties in the New York metropolitan area. After making 44% in our two-plus year holding period, the price approached our appraised value. We are grateful to our partner, CEO Tony Malkin, and wish him continued success.



From Longleaf Partners Small-Cap Fund Commentary for 4th quarter 2015.



Check out Mason Hawkins latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 54.90
ESRT's PE Ratio is ranked lower than
89% of the 701 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.64 vs. ESRT: 54.90 )
Ranked among companies with meaningful PE Ratio only.
ESRT' s PE Ratio Range Over the Past 10 Years
Min: 14.47  Med: 57.28 Max: 72.92
Current: 54.9
14.47
72.92
PE Ratio without NRI 54.90
ESRT's PE Ratio without NRI is ranked lower than
89% of the 672 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.18 vs. ESRT: 54.90 )
Ranked among companies with meaningful PE Ratio without NRI only.
ESRT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 14.47  Med: 57.28 Max: 72.92
Current: 54.9
14.47
72.92
Price-to-Owner-Earnings 123.39
ESRT's Price-to-Owner-Earnings is ranked lower than
92% of the 288 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.45 vs. ESRT: 123.39 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
ESRT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 79.57  Med: 122.47 Max: 2001.11
Current: 123.39
79.57
2001.11
PB Ratio 5.56
ESRT's PB Ratio is ranked lower than
96% of the 673 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.14 vs. ESRT: 5.56 )
Ranked among companies with meaningful PB Ratio only.
ESRT' s PB Ratio Range Over the Past 10 Years
Min: 2.86  Med: 3.73 Max: 11.17
Current: 5.56
2.86
11.17
PS Ratio 8.37
ESRT's PS Ratio is ranked lower than
62% of the 675 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.24 vs. ESRT: 8.37 )
Ranked among companies with meaningful PS Ratio only.
ESRT' s PS Ratio Range Over the Past 10 Years
Min: 6.02  Med: 7.5 Max: 15.17
Current: 8.37
6.02
15.17
Price-to-Free-Cash-Flow 156.78
ESRT's Price-to-Free-Cash-Flow is ranked lower than
95% of the 349 Companies
in the Global REIT - Diversified industry.

( Industry Median: 18.58 vs. ESRT: 156.78 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
ESRT' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 59.6  Med: 87.73 Max: 163.76
Current: 156.78
59.6
163.76
Price-to-Operating-Cash-Flow 26.09
ESRT's Price-to-Operating-Cash-Flow is ranked lower than
89% of the 587 Companies
in the Global REIT - Diversified industry.

( Industry Median: 14.55 vs. ESRT: 26.09 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
ESRT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 19.5  Med: 25.53 Max: 33.63
Current: 26.09
19.5
33.63
EV-to-EBIT 40.75
ESRT's EV-to-EBIT is ranked lower than
81% of the 639 Companies
in the Global REIT - Diversified industry.

( Industry Median: 21.28 vs. ESRT: 40.75 )
Ranked among companies with meaningful EV-to-EBIT only.
ESRT' s EV-to-EBIT Range Over the Past 10 Years
Min: 17.3  Med: 39.65 Max: 46.9
Current: 40.75
17.3
46.9
EV-to-EBITDA 22.01
ESRT's EV-to-EBITDA is ranked lower than
71% of the 658 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.90 vs. ESRT: 22.01 )
Ranked among companies with meaningful EV-to-EBITDA only.
ESRT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.4  Med: 19.65 Max: 22.2
Current: 22.01
12.4
22.2
Current Ratio 3.18
ESRT's Current Ratio is ranked higher than
83% of the 579 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.98 vs. ESRT: 3.18 )
Ranked among companies with meaningful Current Ratio only.
ESRT' s Current Ratio Range Over the Past 10 Years
Min: 0.88  Med: 3.32 Max: 9.84
Current: 3.18
0.88
9.84
Quick Ratio 3.18
ESRT's Quick Ratio is ranked higher than
84% of the 579 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.90 vs. ESRT: 3.18 )
Ranked among companies with meaningful Quick Ratio only.
ESRT' s Quick Ratio Range Over the Past 10 Years
Min: 0.88  Med: 3.32 Max: 9.84
Current: 3.18
0.88
9.84
Days Sales Outstanding 12.14
ESRT's Days Sales Outstanding is ranked higher than
60% of the 451 Companies
in the Global REIT - Diversified industry.

( Industry Median: 20.56 vs. ESRT: 12.14 )
Ranked among companies with meaningful Days Sales Outstanding only.
ESRT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.42  Med: 42.78 Max: 82.07
Current: 12.14
10.42
82.07

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.02
ESRT's Dividend Yield % is ranked lower than
99.99% of the 913 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.23 vs. ESRT: 2.02 )
Ranked among companies with meaningful Dividend Yield % only.
ESRT' s Dividend Yield % Range Over the Past 10 Years
Min: 0.51  Med: 1.89 Max: 2.28
Current: 2.02
0.51
2.28
Dividend Payout Ratio 1.05
ESRT's Dividend Payout Ratio is ranked lower than
66% of the 699 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.88 vs. ESRT: 1.05 )
Ranked among companies with meaningful Dividend Payout Ratio only.
ESRT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.52  Med: 1.11 Max: 1.26
Current: 1.05
0.52
1.26
3-Year Dividend Growth Rate 71.00
ESRT's 3-Year Dividend Growth Rate is ranked higher than
97% of the 389 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.30 vs. ESRT: 71.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
ESRT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 71
Current: 71
0
71
Forward Dividend Yield % 2.03
ESRT's Forward Dividend Yield % is ranked lower than
99.99% of the 914 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.48 vs. ESRT: 2.03 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.02
ESRT's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 912 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.95 vs. ESRT: 2.02 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
ESRT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.51  Med: 1.89 Max: 2.28
Current: 2.02
0.51
2.28
3-Year Average Share Buyback Ratio -7.90
ESRT's 3-Year Average Share Buyback Ratio is ranked lower than
61% of the 421 Companies
in the Global REIT - Diversified industry.

( Industry Median: -5.80 vs. ESRT: -7.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ESRT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -7.9  Med: 0 Max: 0
Current: -7.9
-7.9
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 22.41
ESRT's Price-to-Tangible-Book is ranked lower than
99% of the 662 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.16 vs. ESRT: 22.41 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ESRT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.28  Med: 14.35 Max: 22.53
Current: 22.41
5.28
22.53
Price-to-Intrinsic-Value-Projected-FCF 10.91
ESRT's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
94% of the 272 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.27 vs. ESRT: 10.91 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
ESRT' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 6.32  Med: 8.45 Max: 10.97
Current: 10.91
6.32
10.97
Price-to-Median-PS-Value 1.12
ESRT's Price-to-Median-PS-Value is ranked lower than
55% of the 561 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.07 vs. ESRT: 1.12 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ESRT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.93  Med: 1.03 Max: 1.99
Current: 1.12
0.93
1.99
Price-to-Graham-Number 7.39
ESRT's Price-to-Graham-Number is ranked lower than
98% of the 556 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.99 vs. ESRT: 7.39 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ESRT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.91  Med: 7.16 Max: 7.93
Current: 7.39
3.91
7.93
Earnings Yield (Greenblatt) % 2.45
ESRT's Earnings Yield (Greenblatt) % is ranked lower than
74% of the 693 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.38 vs. ESRT: 2.45 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ESRT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.1  Med: 2.5 Max: 5.8
Current: 2.45
2.1
5.8

More Statistics

Revenue (TTM) (Mil) $678.0
EPS (TTM) $ 0.38
Beta0.96
Short Percentage of Float10.69%
52-Week Range $16.99 - 22.31
Shares Outstanding (Mil)309.88
» More Articles for ESRT

Headlines

Articles On GuruFocus.com
9 Stocks Pioneer Investment Keeps Buying Sep 15 2016 
Mason Hawkins Sells 3 Stakes in Portfolio Feb 24 2016 
Longleaf Partners Comments on Empire State Realty Trust Jan 25 2016 
Mason Hawkins Increases Holdings in CNX and DWA Feb 11 2015 

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EMPIRE STATE REALTY TRUST, INC. Files SEC form 8-K, Change in Directors or Principal Officers,... Mar 08 2017
Empire State Realty Trust Announces Leslie D. Biddle to Join Board of Directors Mar 07 2017
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EMPIRE STATE REALTY TRUST, INC. Financials Mar 02 2017
Empire State Realty Trust to Present at the Citi 2017 Global Property CEO Conference Feb 28 2017
Empire State Realty Trust, Inc. :ESRT-US: Earnings Analysis: 2016 By the Numbers : February 27, 2017 Feb 27 2017
EMPIRE STATE REALTY TRUST, INC. Files SEC form 10-K, Annual Report Feb 27 2017
Empire State Realty Trust, Inc. :ESRT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 24,... Feb 24 2017
Edited Transcript of ESRT earnings conference call or presentation 23-Feb-17 1:30pm GMT Feb 23 2017
Empire State Realty Trust reports 4Q results Feb 22 2017
Empire State Realty Trust reports 4Q results Feb 22 2017
EMPIRE STATE REALTY TRUST, INC. Files SEC form 8-K, Results of Operations and Financial Condition,... Feb 22 2017
Empire State Realty Trust Announces Fourth Quarter 2016 Results Feb 22 2017
Empire State Realty Trust Welcomes Mt. Sinai's Corporate Offices to 250 West 57th Street Feb 17 2017
Empire State Realty Trust, Inc. Announces Dividend for First Quarter 2017 Feb 17 2017
Empire State Realty Trust Adds National Spirits Distributor to Full-Floor Roster at 10 Bank Street Feb 13 2017
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