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.

Revenue
+2.95%
EPS
−475.0%
Free cash flow
+42.3%
Total debt
+8.20%

Quarter to June 2026, against a year earlier

5.28 0.23 +4.55%
Market cap
$874.3M
P/E
168×
Fwd P/E
110×
Dividend yield
2.77%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Empire State Realty Trust, Inc. (ESRT) EV/Sales

Alert me on EV/Sales

As of 3 November 2026, Empire State Realty Trust, Inc. (ESRT) trades at a EV/Sales of 3.8×. Over the past ten years it has ranged from 3.5× (September 2026) to 6.5× (April 2017); the current reading is higher than 3% of that period. That is below the Reit Diversified industry median of 6.4× and below the Real Estate sector median of 7.3×.

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

Against its own ten years

Low 3.5× High 6.5×
Ten-year median 5.2×
Current reading's percentile 4

EV/Sales against peers

Company EV/Sales
ESRT Empire State Realty Trust, Inc. 3.8×
SAFE Safehold Inc. compare 4.2×
AHRT AH Realty Trust Inc compare 5.2×
JBGS JBG SMITH Properties compare 6.1×
AAT American Assets Trust, Inc. compare 6.6×
GOOD Gladstone Commercial Corporation compare 8.2×
CTO CTO Realty Growth, Inc. compare 8.5×
OLP One Liberty Properties, Inc. compare 9.4×
FVR FrontView REIT, Inc. compare 10.8×
Reit Diversified industry median 6.4×
Real Estate sector median 7.3×
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)

The full definition of EV/Sales →

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