ESRT (Empire State Realty Trust) EBITDA Margin %: 43.17% (As of Mar. 2026) — 14% Below Median


ESRT Empire State Realty Trust Inc ESRT
66 GF Score
Price $5.37
GF Value $8.80
Valuation Possible Value Trap
! 7 Warning Signs
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What is Empire State Realty Trust EBITDA Margin %?

Empire State Realty Trust ESRT +4.47% 66 EBITDA Margin % is 43.17% as of Mar. 2026, which is 14% below its 10-year median of 50.07. GuruFocus rates ESRT with a GF Score™ of 66/100 and a GF Value™ of $8.80 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 749 REITs companies, Empire State Realty Trust ranks worse than 74.23% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Empire State Realty Trust's EBITDA for the three months ended in Mar. 2026 was $81.6 Mil. Empire State Realty Trust's Revenue for the three months ended in Mar. 2026 was $189.0 Mil. Therefore, Empire State Realty Trust's EBITDA margin for the quarter that ended in Mar. 2026 was 43.17%.


Empire State Realty Trust  (NYSE:ESRT) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Empire State Realty Trust EBITDA Margin % Related Terms


Empire State Realty Trust EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Empire State Realty Trust's EBITDA Margin % 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 EBITDA Margin % Chart

Empire State Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.30 54.15 51.18 49.48 48.72

Empire State Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.47 45.03 46.37 55.05 43.17

ESRT vs SAFE, JBGS, CTO: EBITDA Margin % Comparison

For the REIT - Diversified subindustry, Empire State Realty Trust's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Empire State Realty Trust's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Empire State Realty Trust's EBITDA Margin % falls into.


ESRT
66GF Score
Empire State Realty Trust Inc ESRT
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire State Realty Trust EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Empire State Realty Trust's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=374.08/767.806
=48.72 %

Empire State Realty Trust's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=81.577/188.969
=43.17 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 43.17% mean?
Empire State Realty Trust (ESRT) has a EBITDA Margin % of 43.17% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Empire State Realty Trust and its competitors. This is 14% below median its historical median of 50.07. Over the past decade, Empire State Realty Trust's EBITDA Margin % has ranged from 41.86 to 54.15. According to the industry distribution chart, Empire State Realty Trust ranks #556 out of 749 companies in the REITs industry, placing it in the top 74.2%.
Is Empire State Realty Trust's EBITDA Margin % too high?
Empire State Realty Trust's current EBITDA Margin % of 43.17% is 14% below median its 10-year median of 50.07. Over the past 10 years, this metric has ranged from a low of 41.86 to a high of 54.15. The REITs industry median EBITDA Margin % is 69.63. Empire State Realty Trust's value of 43.17% is 38% below this industry median. Based on the distribution chart, Empire State Realty Trust ranks #556 out of 749 companies in the REITs industry, which is below the industry midpoint. 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 EBITDA Margin % compare to SAFE and JBGS?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #556 out of 749 companies for EBITDA Margin %. This places Empire State Realty Trust in the lower half of its industry. The industry median EBITDA Margin % is 69.63. Empire State Realty Trust's value of 43.17% is 38% below this benchmark. Historically, Empire State Realty Trust's own EBITDA Margin % has ranged from 41.86 to 54.15 over the past decade. While the company's 10-year median is 50.07 vs. the industry median of 69.63, Empire State Realty Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.63, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty Trust's current EBITDA Margin % of 43.17% is 38% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Empire State Realty Trust and its competitors. For the REITs industry, the median EBITDA Margin % is 69.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty Trust's current EBITDA Margin % is 43.17%, which is 14% below median its own 10-year median of 50.07. 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 EBITDA Margin % is 43.17%, which is 14% below median its 10-year median of 50.07 and 38% below the REITs industry median of 69.63. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current EBITDA Margin % is 43.17% 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:

  • EBITDA Margin %: 43.17% (14% below median its 10-year median of 50.07)
  • GF Value™: $8.80 vs. price of $5.37 (39% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 38% below the REITs median (#556 of 749)

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 Business Description

Industry Real EstateREITs
Other Exchanges ES9:Germany
Address 111 West 33rd Street, 12th Floor, New York, NY, USA, 10120
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

Get the complete analysis for ESRT

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.37
Price
$8.80
GF Value