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Last $16.07 USD
Change Today -0.33 / -2.01%
Volume 464.2K
ESRT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

empire state realty trust-a (ESRT) Snapshot

Open
$16.27
Previous Close
$16.40
Day High
$16.31
Day Low
$15.96
52 Week High
03/23/15 - $19.16
52 Week Low
10/2/14 - $14.72
Market Cap
1.9B
Average Volume 10 Days
763.6K
EPS TTM
$0.20
Shares Outstanding
114.1M
EX-Date
09/11/15
P/E TM
79.6x
Dividend
$0.34
Dividend Yield
2.11%
Current Stock Chart for EMPIRE STATE REALTY TRUST-A (ESRT)

empire state realty trust-a (ESRT) Related Businessweek News

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empire state realty trust-a (ESRT) Details

Empire State Realty Trust, Inc., a real estate investment trust (REIT), focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area. It also intends to provide construction services to tenants and other entities. The company, formerly known as Empire Realty Trust, Inc., is based in New York, New York.

862 Employees
Last Reported Date: 02/27/15

empire state realty trust-a (ESRT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.9M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.0M
Executive Vice President and Director of Leas...
Total Annual Compensation: $1.0M
Executive Vice President, General Counsel and...
Total Annual Compensation: $741.1K
Compensation as of Fiscal Year 2014.

empire state realty trust-a (ESRT) Key Developments

Empire State Realty Trust Closes New $265 Million Senior Unsecured Term Loan Facility

Empire State Realty Trust, Inc. announced the closing of a new seven year $265.0 million senior unsecured term loan facility. The facility is expandable by $100 million to $365.0 million under certain circumstances. The term loan matures on August 24, 2022. The term loan facility bears interest at a floating rate equal to, at the Company’s election, a LIBOR rate, plus a spread ranging from 1.400% to 2.350%; or a base rate, plus a spread ranging from 0.400% to 1.350%, in each case such spread determined by the Company’s leverage ratio and credit rating. Pursuant to a forward interest rate swap agreement, the Company has effectively fixed LIBOR at 2.1485% for $265.0 million of the term loan facility for the period from August 31, 2017 through maturity.

Empire State Realty Trust, Inc. Declares Dividend on Class A Common Stock and Class B Common Stock and on Private Perpetual Preferred Units for the Third Quarter of 2015, Payable on September 30, 2015

Empire State Realty Trust, Inc. announced that its board of directors has declared a dividend of $0.085 per share/unit for the third quarter of 2015, payable to holders of the company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ('ESRO') Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividend will be payable in cash on September 30, 2015 to stockholders and unitholders of record at the close of business on September 15, 2015. Additionally, the board of directors has declared a dividend of $0.15 per unit for the third quarter of 2015, payable to holders of ESRO’s Private Perpetual Preferred Units. The dividend will be payable in cash on September 30, 2015 to stockholders and unitholders of record at the close of business on September 15, 2015.

Empire State Realty Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Empire State Realty Trust, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company total revenues of $164,773,000 compared to $155,168,000 a year ago. Total operating income was $45,039,000 compared to $42,539,000 a year ago. Income before income taxes was $27,468,000 compared to $27,910,000 a year ago. Net income was $26,585,000 compared to $25,281,000 a year ago. Net income attributable to common stockholders was $11,120,000 or $0.10 per diluted share compared to $9,834,000 or $0.10 per diluted share a year ago. FFO was $65,893,000 or $0.25 per diluted share compared to $53,837,000 or $0.22 per diluted share a year ago. Core FFO was $68,255,000 or $0.26 per diluted share compared to $55,408,000 or $0.23 per diluted share a year ago. EBITDA was $84,434,000 compared to $71,911,000 a year ago. Net operating income was $43,673,000 compared to $42,166,000 a year ago. Capital expenditures were $35,438,000 compared to $34,578,000 a year ago. For the six months, the company total revenues of $316,655,000 compared to $295,474,000 a year ago. Total operating income was $68,796,000 compared to $66,627,000 a year ago. Income before income taxes was $35,178,000 compared to $37,661,000 a year ago. Net income was $34,473,000 compared to $36,512,000 a year ago. Net income attributable to common stockholders was $14,258,000 or $0.13 per diluted share compared to $14,203,000 or $0.15 per diluted share a year ago. FFO was $114,780,000 or $0.43 per diluted share compared to $95,120,000 or $0.39 per diluted share a year ago. Core FFO was $120,925,000 or $0.45 per diluted share compared to $97,117,000 or $0.40 per diluted share a year ago.

 

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ESRT

Industry Average

Valuation ESRT Industry Range
Price/Earnings 100.0x
Price/Sales 2.8x
Price/Book 3.8x
Price/Cash Flow 10.2x
TEV/Sales NM Not Meaningful
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