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An announcement from Empire State Realty ( (ESRT) ) is now available.
Empire State Realty Trust reported its third-quarter 2025 financial results, highlighting a net income of $0.05 per share and core funds from operations of $0.23 per share. The company experienced a slight year-over-year decrease in same-store property cash net operating income due to increased real estate taxes and operating expenses, though these were partially offset by higher tenant reimbursements. Notably, the Manhattan office occupancy increased to 90.3%, and the company signed significant commercial leases, including a 19,883 square foot renewal and expansion with Jencap Group. The Empire State Building Observatory generated $26.5 million in NOI, and the company announced a $175 million issuance of senior unsecured notes. Empire State Realty Trust also achieved the highest GRESB 5 Star Rating for the sixth consecutive year.
The most recent analyst rating on (ESRT) stock is a Hold with a $8.50 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 stock score reflects strong financial performance with robust revenue growth and cash flow management. However, high leverage and a high P/E ratio pose risks. The technical indicators suggest bearish sentiment, while the earnings call highlights both achievements and challenges, leading to a balanced outlook.
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 NYC-focused real estate investment trust (REIT) that owns and operates a portfolio of modernized office, retail, and multifamily assets. Its flagship property, the Empire State Building, is renowned for its iconic Observatory, which has been recognized as the top attraction in New York City. The company is also a leader in energy efficiency and indoor environmental quality.
Average Trading Volume: 1,539,825
Technical Sentiment Signal: Sell
Current Market Cap: $1.32B
See more insights into ESRT stock on TipRanks’ Stock Analysis page.