Empire State Realty Trust: Expensive Valuation, Wait For A Better Entry Point [Seeking Alpha]
Empire State Realty Trust, Inc. Class A (ESRT)
Last empire state realty trust, inc. class a earnings: 4/22 05:06 pm
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US:NYSE Investor Relations:
investors.empirestaterealtytrust.com
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Source: Seeking Alpha
Follow Summary Empire State Realty Trust offers investors exposure to NYC real estate, including office, retail, and multifamily properties, and the iconic Empire State Building. The REIT's diverse portfolio includes significant rentable office and retail space, along with 727 residential units, providing a balanced investment opportunity. Q2'24 results came in better than expected and the near-term outlook looks strong with occupancy gains ahead for the office portfolio. Compared to its peers, ESRT looks expensive and so investors should consider waiting for a better entry point before initiating a position. Yongyuan Dai Introduction Empire State Realty Trust ( NYSE: ESRT ) is a REIT that offers investors a way to invest in New York City real estate. In the most recent quarter, ESRT showcased impressive performance, including mid-single digit growth in same-property net operating income and occupancy rates exceeding 90%, even with a significant focus on office proper
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ESRT
News
- Empire State Realty Trust, Inc. (NYSE: ESRT) had its price target raised by analysts at BMO Capital Markets from $12.00 to $13.00. They now have an "outperform" rating on the stock.MarketBeat
- Empire State Realty Trust (NYSE:ESRT) shareholders have endured a 18% loss from investing in the stock five years ago [Yahoo! Finance]Yahoo! Finance
- Empire State Realty Trust, Inc. (NYSE: ESRT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Hecker Fink LLP Expands 26,782 Square Feet with Empire State Realty Trust for a Total of 54k Square Feet at the Empire State BuildingBusiness Wire
- Empire State Realty Trust, Inc. (NYSE: ESRT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
ESRT
Earnings
- 10/21/24 - Beat
ESRT
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 10-Q
- ESRT's page on the SEC website