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) P/E ratio

Alert me on P/E ratio

As of 3 November 2026, Empire State Realty Trust, Inc. (ESRT) trades at a P/E ratio of 168×. Over the past ten years it has ranged from 0.0× (June 2022) to 193× (July 2026); the current reading is higher than 99% of that period. That is above the Reit Diversified industry median of 22.8× and above the Real Estate sector median of 23.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 24.1× (34.48%)
FY2024 36.9× 15.76%
FY2023 31.8× 3.77%
FY2022 30.7× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 51.7× 41.70%
FY2018 36.5× (29.90%)
FY2017 52.1× (2.85%)
FY2016 53.6× (11.05%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 180× 662.95%
Mar 2026 23.6× (2.12%)
Dec 2025 24.1× (30.65%)
Sep 2025 34.8× 7.60%
42 more quarters

Against its own ten years

Low 0.0× High 193×
Ten-year median 42.0×
Current reading's percentile 99

P/E ratio against peers

Company P/E ratio
AHRT AH Realty Trust Inc compare n/m
JBGS JBG SMITH Properties compare n/m
SAFE Safehold Inc. compare 6.9×
OLP One Liberty Properties, Inc. compare 14.2×
CTO CTO Realty Growth, Inc. compare 16.7×
AAT American Assets Trust, Inc. compare 56.3×
GOOD Gladstone Commercial Corporation compare 88.2×
ESRT Empire State Realty Trust, Inc. 168×
FVR FrontView REIT, Inc. compare 624×
Reit Diversified industry median 22.8×
Real Estate sector median 23.0×
Market median 18.3×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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