Empire State Realty (ESRT) | Financial Analysis & Statements

Empire State Realty Trust Inc. | Mid-cap | Real Estate

$8.11

1.06%

Empire State Realty vs Vici Properties Empire State Realty vs W. P. Carey Empire State Realty vs Broadstone Net Lease Empire State Realty vs Global Net Lease Empire State Realty vs American Assets Empire State Realty vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 767.9M

Gross Profit 413.8M 53.88%

Operating Income 158.7M 20.67%

Net Income 80.4M 10.46%

EPS (Diluted) $0.28

Balance Sheet Metrics

Total Assets 4.5B

Total Liabilities 2.7B

Shareholders Equity 1.8B

Debt to Equity 1.53

Cash Flow Metrics

Operating Cash Flow 279.4M

Free Cash Flow 260.9M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Empire State Realty Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	767.9M	739.6M	727.0M	624.1M	609.2M
Cost of Goods Sold	354.2M	339.0M	321.4M	279.5M	291.1M
Gross Profit	413.8M	400.6M	405.7M	344.6M	318.1M
Operating Expenses	70.2M	63.9M	61.8M	55.9M	62.2M
Operating Income	158.7M	146.7M	127.0M	86.9M	64.9M
Pre-tax Income	83.0M	87.1M	64.8M	-14.8M	-29.9M
Income Tax	2.7M	2.7M	1.5M	-1.7M	-7.0M
Net Income	80.4M	84.4M	63.2M	-13.0M	-22.9M
EPS (Diluted)	$0.28	$0.30	$0.22	-$0.06	-$0.10

Income Statement Trend

Empire State Realty Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	878.9M	702.4M	614.5M	718.2M	889.2M
Non-Current Assets	3.6B	3.5B	3.5B	3.6B	3.3B
Total Assets	4.5B	4.2B	4.2B	4.3B	4.2B
Liabilities
Current Liabilities	766.5M	559.3M	551.5M	568.1M	570.2M
Non-Current Liabilities	2.0B	1.9B	1.9B	2.0B	1.8B
Total Liabilities	2.7B	2.5B	2.5B	2.6B	2.4B
Equity
Total Shareholders Equity	1.8B	1.7B	1.7B	1.7B	1.7B

Balance Sheet Composition

Empire State Realty Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	80.4M	84.4M	63.2M	-13.0M	-22.9M
Operating Cash Flow	279.4M	263.7M	242.7M	198.8M	211.3M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	-31.1M	-	-	-	-
Financing Activities
Dividends Paid	-27.4M	-26.9M	-27.3M	-22.3M	-41.4M
Financing Cash Flow	158.6M	-62.9M	-140.2M	-93.0M	257.2M
Free Cash Flow	260.9M	232.5M	211.2M	212.5M	182.3M

Cash Flow Trend

Empire State Realty Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 28.57

Forward P/E 50.41

Price to Book 1.40

Price to Sales 3.34

PEG Ratio 50.41

Profitability Ratios

Profit Margin 7.24%

Operating Margin 14.32%

Return on Equity 4.90%

Return on Assets 2.31%

Financial Health

Current Ratio 3.85

Debt to Equity 116.80

Beta 1.68

Per Share Data

EPS (TTM) $0.30

Book Value per Share $6.14

Revenue per Share $4.60

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
esrt	2.5B	28.57	1.40	4.90%	7.24%	116.80
Vici Properties	34.7B	13.14	1.30	10.12%	67.81%	65.74
W. P. Carey	13.8B	32.54	1.65	5.01%	26.78%	94.04
Broadstone Net Lease	3.2B	27.20	1.05	3.76%	26.22%	65.12
Global Net Lease	1.7B	-9.95	0.91	-9.88%	-37.64%	170.96
American Assets	1.6B	15.33	1.03	8.87%	17.74%	148.05

Financial data is updated regularly. All figures are in the company's reporting currency.