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 morning. The company provided earnings per share (EPS) guidance of 0.770-0.800 for the period, compared to the consensus earnings per share estimate of 0.770.

Analysts Set New Price Targets

Several research firms have recently issued reports on ESRT. Evercore set a $5.00 target price on Empire State Realty Trust in a report on Monday, September 21st. Citigroup cut their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, September 1st. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Empire State Realty Trust has a consensus rating of “Sell” and a consensus price target of $5.00.

Empire State Realty Trust Trading Up 4.3%

Shares of ESRT opened at $5.26 on Thursday. Empire State Realty Trust has a twelve month low of $3.93 and a twelve month high of $7.53. The stock has a market cap of $911.55 million, a PE ratio of 131.66 and a beta of 1.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $4.51 and its 200-day moving average price is $5.29.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported $0.20 earnings per share (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%. On average, equities analysts forecast that Empire State Realty Trust will post 0.79 EPS for the current fiscal year.

Trending Headlines about Empire State Realty Trust

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

• Positive Sentiment: ESRT raised its full-year 2026 FFO outlook, while updating EPS guidance to $0.77–$0.80 per share, compared with the $0.77 consensus estimate. The improved outlook may have supported investor sentiment. Empire State Realty Trust Q3 Earnings Lift FFO Guidance As Tourism Slows
• Positive Sentiment: Q3 office leasing activity was described as strong, and architecture firm Corgan expanded its Empire State Building footprint to 41,000 square feet—evidence of continued tenant demand. Architecture Firm Corgan Expands to 41K SF at Empire State Building
• Neutral Sentiment: BTIG maintained its Hold rating, signaling no change in its stance on the shares. BTIG Reaffirms Their Hold Rating on Empire State Realty
• Negative Sentiment: Quarterly core FFO and revenue declined, while visits to the Empire State Building remained low as tourism slowed. These trends temper the positive leasing and guidance news. ESRT Posts Strong Q3 Office Activity, but Empire State Building Visits Remain Low

About Empire State Realty Trust

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.