Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Empire State Realty Trust's shares outstanding for the quarter that ended in Mar. 2026 was 172.1 Mil.
Empire State Realty Trust's quarterly shares outstanding
increased
from Dec. 2025 (170.5 Mil) to Mar. 2026 (172.1 Mil).
It means Empire State Realty Trustissued new shares from Dec. 2025 to Mar. 2026 .
Empire State Realty Trust (NYSE:ESRT) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Empire State Realty Trust Shares Outstanding (EOP) Related Terms
Empire State Realty Trust Shares Outstanding (EOP) Historical Data
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The historical data trend for Empire State Realty Trust's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Empire State Realty Trust Shares Outstanding (EOP) Chart
ESRT vs SAFE, JBGS, CTO: Shares Outstanding (EOP) Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Empire State Realty Trust Shares Outstanding (EOP) vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's Shares Outstanding (EOP) falls into.
Empire State Realty Trust Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 172.1 Mil mean?
Empire State Realty Trust (ESRT) has a Shares Outstanding (EOP) of 172.1 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Empire State Realty Trust and its competitors.
Is Empire State Realty Trust's Shares Outstanding (EOP) too high?
Empire State Realty Trust's current Shares Outstanding (EOP) is 172.1 Mil. Overall, Empire State Realty Trust has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's Shares Outstanding (EOP) compare to SAFE and JBGS?
Empire State Realty Trust's Shares Outstanding (EOP) of 172.1 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a REITs company?
A good Shares Outstanding (EOP) depends on the REITs industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Empire State Realty Trust and its competitors. Empire State Realty Trust's current Shares Outstanding (EOP) is 172.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire State Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Empire State Realty Trust (ESRT) is currently considered Possible Value Trap. The stock's GF Value™ is $8.80, compared to a current price of $5.37 — trading 39% below its estimated fair value. The current Shares Outstanding (EOP) is 172.1 Mil. Empire State Realty Trust's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current Shares Outstanding (EOP) is 172.1 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Empire State Realty Trust (ESRT) Overvalued in 2026?
Based on GuruFocus' analysis, Empire State Realty Trust stock appears to be undervalued.
The current stock price of $5.37 is trading 39% below its estimated GF Value™ of $8.80.
GuruFocus considers Empire State Realty Trust to be Possible Value Trap.
Key valuation signals for ESRT:
Shares Outstanding (EOP): 172.1 Mil
GF Value™: $8.80 vs. price of $5.37 (39% below fair value)
No single metric tells the full story. See the ESRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire State Realty Trust Inc is a real estate investment trust (REIT) that owns and operates office, retail, and multifamily properties located in New York City, prominently in Manhattan. Its portfolio includes office and retail space as well as residential units. The company's objective is to maximize cash flow and total returns to its shareholders and to increase the value of the properties. Its reportable segments consist of a real estate segment and an Observatory segment. The majority of revenue is derived from the Real Estate segment, which includes all activities related to the ownership, management, operation, acquisition, redevelopment, repositioning and disposition of its traditional real estate assets.
66GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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