Empire State Realty Trust Inc
NYSE:ESRT

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Empire State Realty Trust Inc Logo
Empire State Realty Trust Inc
NYSE:ESRT
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Price: 10.07 USD -0.79% Market Closed
Market Cap: 1.7B USD
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Gross Margin
Empire State Realty Trust Inc

55.5%
Current
56%
Average
49.5%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
55.5%
=
Gross Profit
423.4m
/
Revenue
763.2m

Gross Margin Across Competitors

Country US
Market Cap 1.7B USD
Gross Margin
55%
Country ZA
Market Cap 44B Zac
Gross Margin
68%
Country ZA
Market Cap 29.4B Zac
Gross Margin
60%
Country US
Market Cap 11.9B USD
Gross Margin
88%
Country ZA
Market Cap 10.1B Zac
Gross Margin
61%
Country JP
Market Cap 9.6B USD
Gross Margin
65%
Country AU
Market Cap 11.8B AUD
Gross Margin
40%
Country ZA
Market Cap 7.1B Zac
Gross Margin
0%
Country ZA
Market Cap 6.6B Zac
Gross Margin
58%
Country FR
Market Cap 6.6B EUR
Gross Margin
73%
Country US
Market Cap 6.8B USD
Gross Margin
98%
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Empire State Realty Trust Inc
Glance View

Market Cap
1.7B USD
Industry
Real Estate

Empire State Realty Trust Inc. operates as a real estate investment trust (REIT) with a storied presence in the iconic skyline of New York City. At its core, the company's crown jewel is the Empire State Building, a historic skyscraper renowned not only for its architectural significance but also as a lucrative asset in terms of tourism and office rentals. The building is a dual-purpose marvel, generating substantial revenue through long-term office leasing agreements, housing a mix of traditional tenants and vibrant newer enterprises within its expansive office spaces. Meanwhile, the observatory decks offer breathtaking views of the city and attract millions of visitors annually, adding a significant stream of tourism-related income and commercial licensing opportunities. Beyond the iconic tower, Empire State Realty Trust manages an extensive portfolio of office and retail properties strategically positioned in bustling urban areas. The company's portfolio is primarily concentrated in Manhattan, with an eye on prime locations that are sought after for both business and leisure. By focusing on high-demand real estate markets, Empire State Realty Trust capitalizes on its leasing operations, continually enhancing the value of its properties through thoughtful renovations and sustainable practices, catering to the evolving needs of modern tenants. Its operational strategy rests on retaining and attracting high-quality tenants, maintaining historically significant yet relevant properties, and leveraging the brand equity tied to such a globally recognizable edifice as the Empire State Building.

ESRT Intrinsic Value
11.95 USD
Undervaluation 16%
Intrinsic Value
Price

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
55.5%
=
Gross Profit
423.4m
/
Revenue
763.2m
What is the Gross Margin of Empire State Realty Trust Inc?

Based on Empire State Realty Trust Inc's most recent financial statements, the company has Gross Margin of 55.5%.