Empire State Realty Trust (NYSE:ESRT) Announces FY 2026 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.770-0.800 for the period, compared to the consensus estimate of 0.770.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. Citigroup reduced their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Wells Fargo & Company decreased their price objective on Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, September 1st. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Evercore set a $5.00 price target on Empire State Realty Trust in a research report on Monday, September 21st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $5.00.

Empire State Realty Trust Price Performance

Shares of ESRT opened at $5.04 on Wednesday. The firm has a market capitalization of $871.71 million, a price-to-earnings ratio of 125.91 and a beta of 1.41. The firm’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $5.29. Empire State Realty Trust has a twelve month low of $3.93 and a twelve month high of $7.53. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter. The business had revenue of $193.05 million during the quarter. Empire State Realty Trust had a net margin of 0.30% and a return on equity of 0.13%. Equities analysts forecast that Empire State Realty Trust will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust News Roundup

Here are the key news stories impacting Empire State Realty Trust this week:

• Positive Sentiment: ESRT set FY 2026 EPS guidance of $0.77–$0.80, compared with analyst consensus of $0.77. The top end is above consensus, though the company did not provide enough detail here to assess how the outlook changed from prior guidance.
• Positive Sentiment: The company signed Octaura Holdings for 28,914 square feet at 111 W. 33rd Street, adding a new office tenant. Article: ESRT Signs Octaura Lease
• Positive Sentiment: ESRT earned a GRESB 5-Star rating for the seventh consecutive year and the highest management score among 529 ranked companies in the Americas, reinforcing its sustainability credentials. Article: ESRT GRESB Recognition
• Neutral Sentiment: Q3 results included EPS of $0.20 and revenue of $193.05 million. A separate report highlighted leasing progress, strategic dispositions and an Empire State Building refresh, but the available details do not quantify their financial impact. Article: ESRT Q3 2026 Results Article: Q3 Leasing and Strategic Updates
• Negative Sentiment: ESRT’s Q3 core FFO and revenue declined, signaling weaker underlying performance. The reported revenue was $193.05 million; the article did not provide the size of the declines. Article: ESRT Q3 Core FFO and Revenue Decline

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages, operates, acquires and repositions office, retail and multifamily properties in New York City and the surrounding metropolitan area. Its portfolio is concentrated in Manhattan and includes properties serving businesses, residents, retailers and visitors.

The company’s landmark asset is the Empire State Building, which it operates as a mixed-use office, retail and tourist destination. Empire State Realty Trust also manages the building’s public observatories, offering visitors views of New York City, and provides leasing and property-management services across its portfolio.

Empire State Realty Trust was formed in 2011 and became a publicly traded company in 2013.