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ESRT

Empire State Realty Trust, Inc.

Real Estate · $692M market cap

Verdict

Share price

$4.17

close of Oct 3, 2026

Fair value

$9.96

Sticker Price

Payback Price

$3.98

buy price

Undervalued

ESRT is Undervalued: at $4.17 it trades 58% below its fair value of $9.96. Its buy price (Payback Price) is $3.98, 4% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth3.8% a year✗
Equity per share growth0.1% a year✗
Sales growth7.1% a year✗
Free cash flow growth6.2% a year✗
Return on invested capital3.4%✗

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Superinvestors

1 of the investors we track holds ESRT. In Q2 2026, 1 added. Who we track

Mason Hawkins

Southeastern Asset Management · as of Q2 2026

$47.0M

8,696,434 shares

Moves in Q2 2026

Added: Mason Hawkins

About Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in…

REIT - Diversified

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works