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Companies / Real Estate / Empire State Realty Trust, Inc.
ESRT

Empire State Realty Trust, Inc.

Real EstateREITs
Ticker ESRTNEW YORK, NYFiscal year ends DecemberBook value per share $3.86Diluted shares 268.9M

Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused real estate investment trust that owns and operates a diversified portfolio of office, retail, and multifamily properties primarily located in Manhattan. The company's website is www.esrtreit.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$768.27M
No change, year over year
Last 12 mo $784.18M
17.66%
−3 percentage points
Last 12 mo -4.40%
$72.98M
−9.2% year over year
Last 12 mo $9.26M
4.49%
−0.5 percentage points
Last 12 mo 0.70%
Cash & financing
$249.05M
−4.5% year over year
Last 12 mo $227.64M
$-361.48M
−244.0% year over year
Last 12 mo $-437.31M
2.26
Was 2.23× a year earlier
Last 12 mo 2.14
270.0M
+0.4% year over year
Last 12 mo 268.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Empire State Realty Trust, Inc. does

In the company’s own words

Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused real estate investment trust that owns and operates a diversified portfolio of office, retail, and multifamily properties primarily located in Manhattan. The company's website is www.esrtreit.com.

As of December 31, 2025, the company's portfolio comprises approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units, all located in New York City. The office portfolio includes ten properties, three of which are held through long-term ground leasehold interests. The company also owns entitled land in Stamford, Connecticut suitable for office or residential development.

Empire State Realty Trust operates through two reportable segments: a real estate segment encompassing office, retail, and multifamily asset ownership and management, and an Observatory segment operating the 86th and 102nd floor observatories at the Empire State Building, its flagship property and the company's most recognizable asset. The Empire State Building's Observatory generated approximately $128.3 million in revenue during 2025 and was ranked the number one top attraction in New York City for the fourth consecutive year according to TripAdvisor's 2025 Travelers' Choice Awards.

The company employs 642 people as of December 31, 2025, approximately 407 of whom are covered by collective bargaining agreements. The company self-manages all office and retail properties while utilizing a third-party property manager for multifamily assets.

Empire State Realty Trust's business strategy focuses on leasing space to quality tenants, generating Observatory revenue, managing its balance sheet, and achieving sustainability goals. The company has completed 317 tenant expansions totaling 3.2 million square feet since its initial public offering in 2013. The company is recognized as an industry leader in energy efficiency and indoor environmental quality, having pioneered sustainability practices documented in its Empire Building Playbook developed in partnership with the New York State Energy Research Development Authority.

The company elected to be taxed as a REIT for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2013, and maintains this status through ongoing compliance with REIT qualification requirements.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1541401
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-103.60M$138.52M$380.64M$622.76M$864.88M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Empire State Realty Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

188
funds hold it
0 of 35
superinvestors hold it
$299.58M
held by funds, at market
31.7%
of shares held by funds

Largest fund holders · Empire State Realty Trust, Inc.’s weight in each

Longleaf Partners Small Cap Fund
LLSCX · Longleaf Partners Funds Trust
7.29%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.04%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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