Empire State Realty Trust (NYSE:ESRT) Releases FY 2026 Earnings Guidance

Key Points

• Empire State Realty Trust issued FY 2026 EPS guidance of $0.770–$0.800, in line with the analyst consensus estimate of $0.770.
• The REIT reported quarterly EPS of $0.20 on revenue of $193.05 million and declared a quarterly dividend of $0.035, representing a 2.8% annualized yield.
• Analyst sentiment remains negative: ESRT has an average “Sell” rating, with a consensus price target of $5.00; shares opened at $5.00 and recently traded near the lower half of their 12-month range.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.770-0.800 for the period, compared to the consensus EPS estimate of 0.770.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $5.00 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.15. Empire State Realty Trust has a 12-month low of $3.93 and a 12-month high of $7.53. The firm has a fifty day moving average of $4.50 and a 200-day moving average of $5.30. The firm has a market capitalization of $866.52 million, a price-to-earnings ratio of 71.51 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%. The business had revenue of $193.05 million for the quarter. On average, equities research analysts forecast that Empire State Realty Trust will post 0.77 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.0350 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.14 annualized dividend and a dividend yield of 2.8%. Empire State Realty Trust's payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. Evercore set a $5.00 price objective on shares of Empire State Realty Trust in a research report on Monday, September 21st. Weiss Ratings restated a "sell (d)" rating on shares of Empire State Realty Trust in a report on Friday, August 7th. Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Tuesday, September 1st. Finally, Citigroup cut their price objective on shares of Empire State Realty Trust from $5.75 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Sell" and a consensus target price of $5.00.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages, operates, acquires and repositions office, retail and multifamily properties in New York City and the surrounding metropolitan area. Its portfolio is concentrated in Manhattan and includes properties serving businesses, residents, retailers and visitors.

The company's landmark asset is the Empire State Building, which it operates as a mixed-use office, retail and tourist destination. Empire State Realty Trust also manages the building's public observatories, offering visitors views of New York City, and provides leasing and property-management services across its portfolio.

Empire State Realty Trust was formed in 2011 and became a publicly traded company in 2013.

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