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Empire State Realty ( (ESRT) ) has provided an announcement.
On July 23, 2025, Empire State Realty Trust announced its financial results for the second quarter of 2025, reporting a net income of $0.04 per share and core funds from operations of $0.22 per share. The company signed 232,108 rentable square feet of leases and maintained a strong liquidity position with $0.7 billion and no floating rate debt exposure. The Manhattan office portfolio saw a leasing rate increase to 93.8%, and the company completed the acquisition of a retail asset in Williamsburg, Brooklyn. The Empire State Building Observatory generated $24.1 million in net operating income, and the company continued its stock repurchase program, buying back $2.1 million of common stock during the quarter.
The most recent analyst rating on (ESRT) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Empire State Realty stock, see the ESRT Stock Forecast page.
Spark’s Take on ESRT Stock
According to Spark, TipRanks’ AI Analyst, ESRT is a Neutral.
Empire State Realty’s overall score reflects stable financial performance with consistent revenue growth and profitability, albeit hindered by cash flow challenges and moderate leverage. Technical analysis indicates potential resistance in the stock’s upward movement. The company benefits from strong leasing activity and a resilient multifamily portfolio, with a strong balance sheet underscoring its financial stability. The recent board appointment is a positive strategic move, but the analyst’s Sell rating suggests caution.
To see Spark’s full report on ESRT stock, click here.
More about Empire State Realty
Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused real estate investment trust (REIT) that owns and operates a portfolio of well-leased, modernized office, retail, and multifamily properties. The company is known for its flagship property, the Empire State Building, and is recognized for its leadership in energy efficiency and indoor environmental quality.
Average Trading Volume: 1,843,356
Technical Sentiment Signal: Sell
Current Market Cap: $1.31B
For an in-depth examination of ESRT stock, go to TipRanks’ Overview page.