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

Empire State Realty Trust, Inc.

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 office, retail and multifamily properties, as well as the Empire State Building Observatory. Its real estate business leases space to commercial and residential tenants, while the Observatory… From the company’s description.

Over the twelve months to Jun 30, 2026, Empire State Realty Trust, Inc. reported revenue of $784.18M, up 2.0% from a year earlier, and net income of $9.26M. Its operating margin was −4.4%, and operations generated $227.64M in cash. In fiscal 2025, it reported revenue of $768.27M, about the same as fiscal 2024, and net income of $72.98M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$768.27MFY2025
No change, year over year
Last 12 mo $784.18M
17.66%FY2025
−3 percentage points
Last 12 mo -4.40%
$72.98MFY2025
−9.2% year over year
Last 12 mo $9.26M
4.49%FY2025
−0.5 percentage points
Last 12 mo 0.70%
Cash & financing
$249.05MFY2025
−4.5% year over year
Last 12 mo $227.64M
$-361.48MFY2025
−244.0% year over year
Last 12 mo $-437.31M
2.26FY2025
Was 2.23× a year earlier
Last 12 mo 2.18
270.0MFY2025
+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 office, retail and multifamily properties, as well as the Empire State Building Observatory. Its real estate business leases space to commercial and residential tenants, while the Observatory sells admission to visitors to the building’s 86th- and 102nd-floor viewing areas. The company reports two segments: real estate, covering its property portfolio, and Observatory operations. As of December 31, 2025, its portfolio included approximately 7.9 million rentable square feet of office space, 0.8 million square feet of retail space and 743 residential units; its 10 office properties are all in Manhattan. The flagship Empire State Building also houses broadcasting operations that license use of its mast to television and radio broadcasters. The company was organized in 2011 and began operations in 2013 following its initial public offering and formation transactions. Its website is http://www.esrtreit.com.

Company details
Sector
Real Estate
Industry (SIC)
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

189
funds hold it
0 of 35
superinvestors hold it
$299.68M
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
—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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Empire State Realty Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Empire State Realty Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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