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) P/E ratio
As of 9 October 2026, Empire State Realty Trust, Inc. (ESRT) trades at a P/E ratio of 154×. Over the past ten years it has ranged from 0.0× (June 2022) to 193× (July 2026); the current reading is higher than 98% of that period. That is above the Reit Diversified industry median of 22.8× and above the Real Estate sector median of 21.5×.
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 | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| JBGS JBG SMITH Properties compare | n/m |
| AHRT AH Realty Trust Inc compare | n/m |
| SAFE Safehold Inc. compare | 7.4× |
| OLP One Liberty Properties, Inc. compare | 13.8× |
| CTO CTO Realty Growth, Inc. compare | 15.1× |
| GOOD Gladstone Commercial Corporation compare | 48.7× |
| AAT American Assets Trust, Inc. compare | 74.2× |
| ESRT Empire State Realty Trust, Inc. | 154× |
| FVR FrontView REIT, Inc. compare | 554× |
| Reit Diversified industry median | 22.8× |
| Real Estate sector median | 21.5× |
| Market median | 17.9× |
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)