Empire State Realty Trust, Inc.
ESRT Real Estate Reit Diversified
Empire State Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $768.3 million, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 2.95%, EPS fell 475.0%, free cash flow grew 42.3% and total debt rose 8.20%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.
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Empire State Realty Trust, Inc. (ESRT) EV/Sales
As of 9 October 2026, Empire State Realty Trust, Inc. (ESRT) trades at a EV/Sales of 3.7×. Over the past ten years it has ranged from 3.5× (September 2026) to 6.5× (April 2017); the current reading is higher than 1% of that period. That is below the Reit Diversified industry median of 6.4× and below the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.3× | (6.98%) |
| FY2024 | 4.6× | (0.19%) |
| FY2023 | 4.6× | 10.26% |
| FY2022 | 4.2× | (22.39%) |
| FY2021 | 5.4× | 2.89% |
| FY2020 | 5.3× | (1.13%) |
| FY2019 | 5.3× | 5.99% |
| FY2018 | 5.0× | (19.29%) |
| FY2017 | 6.2× | 11.99% |
| FY2016 | 5.6× | 1.91% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.9× | (3.19%) |
| Mar 2026 | 4.0× | (7.39%) |
| Dec 2025 | 4.3× | 0.64% |
| Sep 2025 | 4.3× | (3.49%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ESRT Empire State Realty Trust, Inc. | 3.7× |
| SAFE Safehold Inc. compare | 4.3× |
| AHRT AH Realty Trust Inc compare | 5.1× |
| JBGS JBG SMITH Properties compare | 6.0× |
| AAT American Assets Trust, Inc. compare | 6.6× |
| CTO CTO Realty Growth, Inc. compare | 8.3× |
| GOOD Gladstone Commercial Corporation compare | 8.6× |
| OLP One Liberty Properties, Inc. compare | 9.4× |
| FVR FrontView REIT, Inc. compare | 10.1× |
| Reit Diversified industry median | 6.4× |
| Real Estate sector median | 7.6× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)