Empire State Realty Trust, Inc. (ESRT) vs FrontView REIT, Inc. (FVR)

Empire State Realty Trust, Inc. and FrontView REIT, Inc. are both Reit Diversified companies. Empire State Realty Trust, Inc. is the larger, with a market value of $701.2M against $540.6M — 1.3× the size. Empire State Realty Trust, Inc. trades at the lower P/E: 137× against 596×. FrontView REIT, Inc. grew revenue faster over the last twelve months: 6.61% against 2.04%. FrontView REIT, Inc. has the higher net margin (1.15% vs 0.39%) and the higher return on invested capital (1.05% vs −0.55%). Across the 19 metrics below, FrontView REIT, Inc. leads on 12 and Empire State Realty Trust, Inc. on 7.

Valuation

Metric ESRT FVR Reit Diversified median
P/E 137.00 596.33 23.72
P/S 0.90 5.88 3.28
P/B 0.39 0.77 0.87
Price to free cash flow n/m 9.44 9.21
EV/EBITDA 15.77 14.52 11.57
EV/Sales 3.57 10.52 6.64
Earnings yield 0.73% 0.17% 1.04%
Free cash flow yield (42.83%) 10.60% 0.16%

Profitability

Metric ESRT FVR Reit Diversified median
Gross margin 74.65% 86.69% 77.09%
Operating margin (4.40%) 20.49% 33.33%
Net margin 0.39% 1.15% 2.62%
Free cash flow margin (38.40%) 62.31% 3.11%
Return on equity 0.17% 0.15% 3.13%
Return on assets 0.07% 0.09% 0.35%
Return on invested capital (0.55%) 1.05% 2.80%

Growth

Metric ESRT FVR Reit Diversified median
Revenue growth (TTM) 2.04% 6.61% 5.49%
EPS growth (last fiscal year) (10.71%) 77.08% —
Revenue growth, 5-year CAGR 4.75% — 4.83%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ESRT FVR Reit Diversified median
Debt to equity 1.24 0.62 1.13
Current ratio 1.32 0.57 1.47
Net debt to EBITDA 6.41 6.09 5.88

Dividend

Metric ESRT FVR Reit Diversified median
Dividend yield 1.44% — 7.13%
Payout ratio 0.48 — 1.37

Size

Metric ESRT FVR Reit Diversified median
Market cap 701.19m 540.59m 729.58m

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