Empire State Realty Trust Inc (ESRT)

NYSE · Real Estate · REIT - Diversified · USA

Empire State Realty Trust Inc is a small cap company (market value between $300 million and $2 billion) in the REIT - Diversified industry.

Empire State Realty Trust is a real estate investment trust that owns and operates office, retail, and residential properties in New York City. The company also operates the observatories at the Empire State Building, generating revenue from visitors. It self-manages its office and retail assets and leases space to commercial tenants across its diversified portfolio.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Empire State Realty Trust Inc stock.

Our verdict on ESRT

Undervalued: intrinsic value $12.03 per share, market price $4.97, margin of safety 58.7% (as of 2026-10-30).

Discounting its cash flows at 11.7% (average of 3 methods) values the shares at $12.03; the price of $4.97 is 59% below that value, and 67% of that value comes from beyond year five.

Leak Score: 67/100 on 9 of 12 signals (Faint Leak).

ETFs with the most weight in ESRT

17 more funds hold it; the full list is part of the paid plan.

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Is ESRT undervalued or overvalued?

ESRT is undervalued (as of the 2026-10-30 close). Discounting its cash flows at 11.7% (average of 3 methods) values the shares at $12.03; the price of $4.97 is 59% below that value, and 67% of that value comes from beyond year five.

What is the intrinsic value of ESRT?

$12.03 per share (as of the 2026-10-30 close), against a market price of $4.97. That is a margin of safety of 58.7%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Empire State Realty Trust Inc's Leak Score?

67 out of 100, which we rate "Faint Leak", on 9 of 12 value investing signals.