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: 10.965 USD 1.15%
Market Cap: 1.8B USD
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Intrinsic Value

The intrinsic value of one ESRT stock under the Base Case scenario is 12.155 USD. Compared to the current market price of 10.965 USD, Empire State Realty Trust Inc is Undervalued by 10%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ESRT Intrinsic Value
12.155 USD
Undervaluation 10%
Intrinsic Value
Price
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Base Case
Best Case

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Empire State Realty Trust Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
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TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Empire State Realty Trust Inc

Current Assets 782.2m
Cash & Short-Term Investments 421.9m
Receivables 278.5m
Other Current Assets 81.8m
Non-Current Assets 3.7B
PP&E 2.5B
Intangibles 806.8m
Other Non-Current Assets 393.4m
Current Liabilities 137.9m
Accounts Payable 81.4m
Accrued Liabilities 31.8m
Other Current Liabilities 24.7m
Non-Current Liabilities 2.5B
Long-Term Debt 2.5B
Other Non-Current Liabilities 85.5m
Efficiency

Earnings Waterfall
Empire State Realty Trust Inc

Revenue
763.2m USD
Cost of Revenue
-339.8m USD
Gross Profit
423.4m USD
Operating Expenses
-266.9m USD
Operating Income
156.5m USD
Other Expenses
-111.2m USD
Net Income
45.4m USD

Free Cash Flow Analysis
Empire State Realty Trust Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

ESRT Profitability Score
Profitability Due Diligence

Empire State Realty Trust Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
ROE is Increasing
50/100
Profitability
Score

Empire State Realty Trust Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

ESRT Solvency Score
Solvency Due Diligence

Empire State Realty Trust Inc's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Average D/E
Positive Net Debt
35/100
Solvency
Score

Empire State Realty Trust Inc's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ESRT Price Targets Summary
Empire State Realty Trust Inc

Wall Street analysts forecast ESRT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ESRT is 11.985 USD with a low forecast of 11.11 USD and a high forecast of 13.65 USD.

Lowest
Price Target
11.11 USD
1% Upside
Average
Price Target
11.985 USD
9% Upside
Highest
Price Target
13.65 USD
24% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Safe
0
25
50
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100
Shareholder Yield

Current shareholder yield for ESRT is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Ownership

ESRT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
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9 Months
12 Months
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ESRT News

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Profile

Empire State Realty Trust Inc Logo
Empire State Realty Trust Inc

Country

United States of America

Industry

Real Estate

Market Cap

1.8B USD

Dividend Yield

1.28%

Description

Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. The company is headquartered in New York City, New York and currently employs 693 full-time employees. The company went IPO on 2013-10-02. The firm owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company’s segments include Real Estate and Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The firm's portfolio consists of approximately 14 office properties, consisting of approximately 9.4 million rentable square feet of office space. The Company’s portfolio also includes approximately four standalone retail properties located in Manhattan and two standalone retail properties located in the city center of Westport, Connecticut.

Contact

NEW YORK
New York City
111 West 33Rd Street, 12Th Fl
+12128502600.0
www.esrtreit.com

IPO

2013-10-02

Employees

693

Officers

Chairman & CEO
Mr. Anthony E. Malkin
President
Ms. Christina Chiu
Executive Vice President of Real Estate
Mr. Thomas P. Durels
Executive VP, Chief Financial & Accounting Officer
Mr. Stephen V. Horn
Senior VP & Chief Investment Officer
Mr. Aaron D. Ratner
Senior VP & CTO
Mr. Sandy Jacolow
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VP & Head of Investor Relations
Ms. Katy Malonoski
Senior VP, Chief Counsel, Corporate & Secretary
Ms. Heather M. Lawson Houston
Senior Vice President of Marketing, Public Relations & Digital
Ms. Abigail Rickards
Senior VP & Director of Leasing
Mr. Ryan Kass
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See Also

Discover More
What is the Intrinsic Value of one ESRT stock?

The intrinsic value of one ESRT stock under the Base Case scenario is 12.155 USD.

Is ESRT stock undervalued or overvalued?

Compared to the current market price of 10.965 USD, Empire State Realty Trust Inc is Undervalued by 10%.

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