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Model output · Signal date 2026-10-15

Empire State Realty Trust, Inc. (ESRT) Stock Forecast Oct. 15, 2026

Analysis updated on Oct. 15, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE

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Rating · 90D Neutral Alpha
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Middle 30% of 5111 stocks scored
Rank correlation · 90D 48.0% Spearman, 358 dates
Market Cap $808M small-cap · #60 of 60 peers
Summary

Empire State Realty Trust, Inc. (ESRT) stock forecast summary

On Oct. 15, 2026, ESRT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5111 stocks scored that day.

Empire State Realty Trust, Inc. is a small-cap company with a market capitalization of $808M. It ranks number 60 by market capitalization among the 60 Real Estate Investment Trusts issuers in our coverage with a current forecast.

For ESRT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 48.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.4%, sell < -0.8%, strong sell < -1.5% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-15 signals)

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Price

ESRT price chart and AI forecast

ESRT
Cross-section · 2026-10-15

How ESRT ranks among 5111 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Empire State Realty Trust, Inc. (ESRT) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Real Estate Investment Trusts peers listed below that report each metric.

Valuation & Market

MetricESRTIndustry medianRank
Market Cap $808M $11.22B 60/60
P/E Ratio 79.67x 26.04x 6/50
P/B Ratio 0.78x 2.05x 54/57
Dividend Yield 2.97% 4.59% 48/54
EPS $0.06 – –
Book Value/Share $6.14 – –
Revenue/Share $4.64 – –

Profitability & Margins

MetricESRTIndustry medianRank
Operating Margin -4.4% 36.0% 31/31
EBT Margin 1.3% 25.9% 44/46
Tax Rate 8.6% – –

Financial Health

MetricESRTIndustry medianRank
D/E Ratio 2.39x 1.13x 11/57
Financial Leverage 4.11x 2.16x 10/57
Interest Coverage -5.1x 3.4x 48/48

Cash Flow

MetricESRTIndustry medianRank
Operating Cash Flow $228M $870M 59/60
OCF Growth YoY -24.1% 4.9% 57/59

Operational Efficiency

MetricESRTIndustry medianRank
Asset Turnover 0.18x 0.14x 17/56
Receivables Turnover 36.9x 10.0x 10/40
Days Sales Outstanding 10 days 37 days 31/40

Income Statement

MetricESRTIndustry medianRank
Total Revenue $784M $1.97B 48/56
Operating Income -$35M $703M 32/32

Dividend & Shareholder Information

MetricESRTIndustry medianRank
Dividends Per Share $0.14 – –
Payout Ratio 233.3% 121.8% 8/49
Shares Outstanding 169M – –
EPS Growth -79.3% 19.1% 33/34

Balance Sheet Highlights (USD millions)

Cash & Short-term Investments$86M2.4% of assets
Accounts Receivable$21M0.6% of assets
Total Liabilities$2.48B70.6% of assets
Quarterly Financial Reports

ESRT quarterly financials and insider trading

Industry Peers · Real Estate Investment Trusts

Empire State Realty Trust, Inc. (ESRT) industry peers

Companies classified under the same SEC industry code as Empire State Realty Trust, Inc. (Real Estate Investment Trusts): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
ESRT Empire State Realty Trust, Inc. ▶ $808M 79.7x 0.8x
WELL Welltower Inc. ▶ $163.89B 116.7x 3.8x
PLD Prologis, Inc. ▲ $121.87B 34.2x 2.4x
EQIX Equinix Inc ▼ $98.27B 64.1x 6.8x
AMT American Tower Corp /Ma/ ▼ $83.59B 24.6x 22.5x
SPG Simon Property Group Inc. ▶ $64.29B 13.9x 10.9x
DLR Digital Realty Trust, Inc. ▼ $59.11B 45.7x 2.5x
O Realty Income Corp ▼ $52.20B 41.8x 1.3x
PSA Public Storage ▼ $50.71B 24.8x 5.5x
VTR Ventas, Inc. ▶ $43.25B 164.6x 3.0x
CCI Crown Castle Inc. ▲ $33.77B 48.7x –
IRM Iron Mountain Inc ▼ $33.00B 113.1x –
EXR Extra Space Storage Inc. ▼ $29.52B 29.7x 2.2x
VICI Vici Properties Inc. ▶ $25.26B 9.1x 0.9x
VMRK Vivmark Residential ▼ $22.80B 26.0x 2.2x
SBAC Sba Communications Corp ▶ $19.17B 19.4x –
ESS Essex Property Trust, Inc. ▼ $17.31B 42.0x 3.3x
UDR Udr, Inc. ▼ $17.31B – 5.3x
HST Host Hotels & Resorts, Inc. ▼ $15.93B 20.3x 2.5x
KIM Kimco Realty Corp ▼ $15.02B 26.0x 1.5x
LAMR Lamar Advertising Co/New ▼ $14.74B 26.6x 15.0x
WPC W. P. Carey Inc. ▶ $14.48B 22.2x 1.7x
SUI Sun Communities Inc ▼ $14.08B 9.7x 2.1x
NLY Annaly Capital Management Inc ▼ $13.69B 4.6x 0.8x
OHI Omega Healthcare Investors Inc ▼ $13.66B 16.9x 2.5x
WY Weyerhaeuser Co ▲ $13.62B 28.9x 1.4x
MAA Mid America Apartment Communities Inc. ▼ $13.53B 35.0x 2.4x
REG Regency Centers Corp ▼ $13.42B 25.1x 2.0x
AHR American Healthcare Reit, Inc. ▼ $12.22B 100.8x 3.3x
ELS Equity Lifestyle Properties Inc ▼ $11.56B 29.8x 6.6x
GLPI Gaming & Leisure Properties, Inc. ▼ $11.42B 11.9x 2.3x
AMH American Homes 4 Rent ▼ $11.02B 25.3x 1.6x
EGP Eastgroup Properties Inc ▼ $10.41B 34.0x 2.9x
BXP Bxp, Inc. ▼ $9.21B 25.6x 1.8x
FRT Federal Realty Investment Trust ▼ $9.06B 18.2x 2.7x
CUBE Cubesmart ▼ $8.60B 26.4x 3.3x
CTRE Caretrust Reit, Inc. ▼ $8.58B 22.7x 1.9x
REXR Rexford Industrial Realty, Inc. ▲ $8.36B – 1.1x
BRX Brixmor Property Group Inc. ▼ $8.32B 22.4x 2.8x
NNN Nnn Reit, Inc. ▼ $7.83B 19.6x 1.8x
FR First Industrial Realty Trust Inc ▼ $7.80B 18.9x 2.8x
RHP Ryman Hospitality Properties, Inc. ▶ $7.75B 28.5x 10.4x
LINE Lineage, Inc. ▼ $7.69B – 1.0x
ADC Agree Realty Corp ▼ $7.54B 36.8x 1.2x
ARE Alexandria Real Estate Equities, Inc. ▲ $7.23B – 0.5x
STAG Stag Industrial, Inc. ▶ $7.00B 30.1x 2.1x
MAC Macerich Co ▶ $6.29B – 2.2x
VNO Vornado Realty Trust ▶ $6.04B – 1.0x
HR Healthcare Realty Trust Inc ▼ $5.91B – 1.4x
RYN Rayonier Inc ▲ $5.61B – 1.0x
EPRT Essential Properties Realty Trust, Inc. ▼ $5.55B 19.7x 1.3x
OUT Outfront Media Inc. ▼ $5.23B 25.6x 7.5x
KRG Kite Realty Group Trust ▼ $4.94B 14.5x 1.7x
SBRA Sabra Health Care Reit, Inc. ▶ $4.90B 74.8x 1.8x
PECO Phillips Edison & Company, Inc. ▼ $4.86B 33.6x 2.1x
RITM Rithm Capital Corp. ▶ $4.66B – 0.6x
STWD Starwood Property Trust, Inc. ▶ $4.58B – 0.7x
CUZ Cousins Properties Inc ▶ $4.42B 86.7x 1.0x
EPR Epr Properties ▼ $4.18B 17.3x 1.8x
HHH Howard Hughes Holdings Inc. ▶ $4.08B 13.4x 1.0x

Where ESRT sits on the market map

Real Estate & Construction · Real Estate Investment Trusts
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News

Empire State Realty Trust, Inc. (ESRT) stock news

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FAQ

Empire State Realty Trust, Inc. (ESRT) stock forecast FAQ

What is the Empire State Realty Trust, Inc. (ESRT) stock forecast?

On Oct. 15, 2026, ESRT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5111 stocks scored that day.

How accurate are Empire State Realty Trust, Inc. stock predictions?

For ESRT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 48.0%, measured on 358 forecast dates between 2022-07-28 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-07-28 and 2026-09-15. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Empire State Realty Trust, Inc. forecasts updated?

Empire State Realty Trust, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 15, 2026.

Which companies are Empire State Realty Trust, Inc.'s industry peers?

60 issuers in our coverage, ESRT included, share the SEC industry code Real Estate Investment Trusts. The largest are: Welltower Inc. (WELL), Prologis, Inc. (PLD), Equinix Inc (EQIX), American Tower Corp /Ma/ (AMT), Simon Property Group Inc. (SPG), Digital Realty Trust, Inc. (DLR).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.