ESRT (Empire State Realty Trust) Selling, General, & Admin. Expense: $74.0 Mil (TTM As of Mar. 2026)


ESRT Empire State Realty Trust Inc ESRT
62 GF Score
Price $5.51
GF Value $8.83
Valuation Possible Value Trap
! 7 Warning Signs
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What is Empire State Realty Trust Selling, General, & Admin. Expense?

Empire State Realty Trust ESRT -2.99% 62 Selling, General, & Admin. Expense is $74.0 Mil as of Mar. 2026. GuruFocus rates ESRT with a GF Score™ of 62/100 and a GF Value™ of $8.83 (Possible Value Trap). The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Empire State Realty Trust's selling, general, & admin. expense for the three months ended in Mar. 2026 was $18.1 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $74.0 Mil.


Empire State Realty Trust  (NYSE:ESRT) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Empire State Realty Trust Selling, General, & Admin. Expense Related Terms


Empire State Realty Trust Selling, General, & Admin. Expense Historical Data

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The historical data trend for Empire State Realty Trust's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Empire State Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.95 61.77 63.94 70.23 72.84

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
Selling, General, & Admin. Expense 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 16.94 18.69 18.74 18.47 18.09

ESRT vs JBGS, CTO, SAFE: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Empire State Realty Trust's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Empire State Realty Trust's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Empire State Realty Trust's Selling, General, & Admin. Expense falls into.


ESRT
62GF Score
Empire State Realty Trust Inc ESRT
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire State Realty Trust Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $74.0 Mil.

* 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.

What does a Selling, General, & Admin. Expense of $74.0 Mil mean?
Empire State Realty Trust (ESRT) has a Selling, General, & Admin. Expense of $74.0 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Empire State Realty Trust and its competitors.
Is Empire State Realty Trust's Selling, General, & Admin. Expense too high?
Empire State Realty Trust's current Selling, General, & Admin. Expense is $74.0 Mil. Overall, Empire State Realty Trust has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's Selling, General, & Admin. Expense compare to JBGS and CTO?
Empire State Realty Trust's Selling, General, & Admin. Expense of $74.0 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Empire State Realty Trust and its competitors. Empire State Realty Trust's current Selling, General, & Admin. Expense is $74.0 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 $8.83, compared to a current price of $5.51 — trading 37.6% below its estimated fair value. The current Selling, General, & Admin. Expense is $74.0 Mil. Empire State Realty Trust's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Empire State Realty Trust (ESRT), the current Selling, General, & Admin. Expense is $74.0 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 $5.51 is trading 37.6% below its estimated GF Value™ of $8.83. GuruFocus considers Empire State Realty Trust to be Possible Value Trap.

Key valuation signals for ESRT:

  • Selling, General, & Admin. Expense: $74.0 Mil
  • GF Value™: $8.83 vs. price of $5.51 (37.6% below fair value)
  • GF Score™: 62/100 with 7 warning signs

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.
62GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.51
Price
$8.83
GF Value