Empire State Realty Trust (NYSE:ESRT) Releases Earnings Results

Empire State Realty Trust (NYSE:ESRT) announced its earnings results on Wednesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, reports. Empire State Realty Trust had a return on equity of 2.20% and a net margin of 5.09%.The business had revenue of $166.10 million for the quarter. Empire State Realty Trust updated its FY 2026 guidance to 0.850-0.890 EPS.

Empire State Realty Trust Stock Performance

Shares of Empire State Realty Trust stock traded down $0.11 during trading hours on Friday, reaching $5.47. The company’s stock had a trading volume of 852,232 shares, compared to its average volume of 1,597,439. Empire State Realty Trust has a one year low of $4.87 and a one year high of $8.76. The company’s 50 day simple moving average is $5.41 and its 200 day simple moving average is $6.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $935.83 million, a P/E ratio of 21.02 and a beta of 1.38.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, March 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 53.85%.

Hedge Funds Weigh In On Empire State Realty Trust

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Empire State Realty Trust during the 2nd quarter worth approximately $74,000. DRW Securities LLC bought a new position in Empire State Realty Trust during the 4th quarter worth $69,000. Vise Technologies Inc. acquired a new stake in Empire State Realty Trust in the fourth quarter worth $71,000. Federation des caisses Desjardins du Quebec lifted its stake in Empire State Realty Trust by 29.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 2,523 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Empire State Realty Trust by 50.5% in the second quarter. BNP Paribas Financial Markets now owns 11,752 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 3,941 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ESRT. Weiss Ratings downgraded Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Wells Fargo & Company dropped their price target on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Citigroup reduced their price objective on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Finally, Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Empire State Realty Trust presently has an average rating of “Sell” and a consensus target price of $6.35.

Empire State Realty Trust News Roundup

Here are the key news stories impacting Empire State Realty Trust this week:

• Positive Sentiment: Q1 operating update showed resilience: management highlighted stabilized cash flow drivers and progress on leasing/expense initiatives during the call, supporting near-term fundamentals. Empire State Realty Trust Inc (ESRT) Q1 2026 Earnings Call Highlights: Solid Performance Amid …
• Positive Sentiment: New leasing momentum: Steve Madden signed a ~60,000 sq. ft. office lease at ESRT’s 501 Seventh Avenue — a tangible demand win that helps occupancy and cash flow. Steve Madden Inks 60K-SF Office Lease at ESRT’s 501 Seventh Avenue
• Positive Sentiment: Debt-maturity relief: ESRT is pushing several maturities into 2028 and targeting 90%–92% year-end occupancy for 2026 — both reduce near-term refinancing risk and set a path for stabilized NOI. Empire State Realty Trust targets 90%-92% year-end occupancy for 2026 while pushing debt maturities to 2028
• Positive Sentiment: Balance-sheet commentary: Company and reporters emphasize a stronger-than-expected balance sheet despite temporary headwinds, which supports dividend coverage and refinancing flexibility. ESRT Reports Strong Balance Sheet Despite Temporary Headwinds in Q1
• Neutral Sentiment: FY2026 EPS guidance set at $0.85–$0.89, essentially matching consensus; guidance reduces surprise risk but offers limited upside. Empire State Realty Trust Announces First Quarter 2026 Results
• Neutral Sentiment: Brand/marketing PR — ESB turns 95 with events and promos; good for tourism/retail visibility but limited direct impact on overall REIT cash flow. The Empire State Building Celebrates 95 Years as the ‘World’s Most Famous Building’
• Negative Sentiment: Profitability/metrics are modest: Q1 EPS was $0.20 with a thin net margin (~5.1%) and low ROE; these figures highlight limited near-term earnings leverage and help explain downward pressure on the stock. Empire State Realty Trust Q1 earnings and metrics
• Negative Sentiment: Market sentiment/technicals: the stock remains below its 200-day moving average and has limited liquidity vs. its history, which can amplify downside on disappointing results or slower leasing recovery. Empire State Realty Trust, Inc. Q1 2026 Earnings Call Summary

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.