Empire State Realty Trust, Inc. - Understand $esrt stock

$ESRT Market Cap: $1.826 Billion

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Financial Snapshot

Revenue

$763.2M

TTM

Gross Margin

55.44%

TTM

Net Earnings

$49.94M

TTM

Current Assets

$782.2M

Q3 2024

Current Liabilities

$137.9M

Q3 2024

Current Ratio

567.09%

Q3 2024

Total Assets

$4.437B

Q3 2024

Total Liabilities

$2.680B

Q3 2024

Book Value

$1.757B

Q3 2024

Cash

$421.9M

Q3 2024

P/E

36.57

Nov 29, 2024 EST

Free Cash Flow

-$82.01M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$739.6M	$727.0M	$624.1M	$609.2M	$731.3M	$731.5M	$709.5M	$677.4M	$657.6M	$635.3M	$206.1M	$260.3M	$294.8M	$246.5M	$232.3M	$268.8M
YoY Change	1.72%	16.5%	2.44%	-16.7%	-0.02%	3.1%	4.75%	3.0%	3.51%	208.3%	-20.83%	-11.7%	19.59%	6.11%	-13.58%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$739.6M	$727.0M	$624.1M	$609.2M	$731.3M	$731.5M	$709.5M	$677.4M	$657.6M	$635.3M	$206.1M	$260.3M	$294.8M	$246.5M	$232.3M	$268.8M
Cost Of Revenue	$329.7M	$312.0M	$270.2M	$281.8M	$324.7M	$310.1M	$296.3M	$279.7M	$287.2M	$300.8M	$148.2M	$105.7M	$132.5M	$115.5M	$105.1M	$136.2M
Gross Profit	$409.9M	$415.0M	$353.9M	$327.4M	$406.7M	$421.4M	$413.3M	$397.6M	$370.4M	$334.5M	$185.4M	$154.6M	$162.3M	$131.0M	$127.2M	$132.6M
Gross Profit Margin	55.42%	57.08%	56.71%	53.74%	55.61%	57.61%	58.25%	58.7%	56.32%	52.65%	89.97%	59.39%	55.06%	53.14%	54.76%	49.33%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$63.94M	$61.77M	$55.95M	$62.24M	$61.06M	$52.67M	$50.32M	$49.08M	$38.07M	$39.04M	$43.40M	$20.96M	$18.50M	$14.70M	$16.10M	$17.80M
YoY Change	3.52%	10.4%	-10.12%	1.93%	15.93%	4.69%	2.52%	28.9%	-2.47%	-10.05%	107.03%	13.31%	25.85%	-8.7%	-9.55%
% of Gross Profit	15.6%	14.88%	15.81%	19.01%	15.01%	12.5%	12.17%	12.34%	10.28%	11.67%	23.41%	13.56%	11.4%	11.22%	12.66%	13.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$189.9M	$216.9M	$201.8M	$191.0M	$181.6M	$168.5M	$160.7M	$155.2M	$171.5M	$145.4M	$66.30M	$47.60M	$38.80M	$36.00M	$30.90M	$28.20M
YoY Change	-12.44%	7.48%	5.65%	5.19%	7.76%	4.85%	3.54%	-9.48%	17.91%	119.35%	39.29%	22.68%	7.78%	16.5%	9.57%
% of Gross Profit	46.33%	52.26%	57.02%	58.34%	44.65%	39.99%	38.88%	39.04%	46.29%	43.48%	35.76%	30.79%	23.91%	27.48%	24.29%	21.27%
Operating Expenses	$592.9M	$600.0M	$545.0M	$550.6M	$576.6M	$540.7M	$516.6M	$493.5M	$506.3M	$494.0M	$109.7M	$171.6M	$54.00M	$48.80M	$45.40M	$44.60M
YoY Change	-1.19%	10.1%	-1.02%	-4.52%	6.66%	4.65%	4.69%	-2.53%	2.48%	350.32%	-36.07%	217.79%	10.66%	7.49%	1.79%
Operating Profit	$146.7M	$127.0M	$79.13M	$58.66M	$154.7M	$190.9M	$192.9M	$183.9M	$151.4M	$141.3M	$75.70M	$88.69M	$108.3M	$82.20M	$81.80M	$88.00M
YoY Change	15.49%	60.52%	34.9%	-62.08%	-18.94%	-1.06%	4.9%	21.49%	7.11%	86.69%	-14.65%	-18.11%	31.75%	0.49%	-7.05%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$101.5M	$101.2M	$94.39M	$89.91M	$79.25M	$79.62M	$68.47M	$70.60M	$65.74M	$66.46M	-$48.90M	$54.39M	-$54.70M	-$52.30M	-$50.70M	-$48.70M
YoY Change	0.27%	7.22%	4.99%	13.45%	-0.47%	16.28%	-3.01%	7.38%	-1.07%	-235.9%	-189.9%	-199.44%	4.59%	3.16%	4.11%
% of Operating Profit	69.18%	79.67%	119.29%	153.27%	51.22%	41.72%	35.5%	38.39%	43.43%	47.02%	-64.6%	61.33%	-50.51%	-63.63%	-61.98%	-55.34%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$87.12M	$64.76M	-$14.77M	-$29.86M	$86.72M	$121.9M	$124.9M	$113.4M	$83.88M	$74.87M	$156.2M	$48.64M	$53.50M	$30.00M	$31.00M	$39.30M
YoY Change	34.53%	-538.41%	-50.53%	-134.43%	-28.86%	-2.43%	10.17%	35.19%	12.04%	-52.07%	221.12%	-9.08%	78.33%	-3.23%	-21.12%
Income Tax	$2.715M	$1.546M	-$1.734M	-$6.971M	$2.429M	$4.642M	$6.673M	$6.146M	$3.949M	$4.655M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	3.12%	2.39%			2.8%	3.81%	5.34%	5.42%	4.71%	6.22%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Earnings	$84.41M	$63.21M	-$13.04M	-$22.89M	$84.29M	$117.3M	$118.3M	$107.3M	$79.93M	$70.21M	-$37.23M	$48.64M	$57.40M	$45.30M	$41.80M	$52.70M
YoY Change	33.53%	-584.87%	-43.04%	-127.16%	-28.11%	-0.85%	10.26%	34.18%	13.84%	-288.57%	-176.54%	-15.25%	26.7%	8.37%	-20.68%
Net Earnings / Revenue	11.41%	8.69%	-2.09%	-3.76%	11.53%	16.03%	16.67%	15.83%	12.15%	11.05%	-18.07%	18.69%	19.47%	18.38%	17.99%	19.61%
Basic Earnings Per Share	$0.30	$0.22	-$0.06	-$0.10	$0.28	$0.39	$0.40	$0.38	$0.30	$0.27
Diluted Earnings Per Share	$0.30	$0.22	-$0.06	-$0.10	$0.28	$0.39	$0.39	$0.38	$0.29	$0.27	$786.6K	$535.2K	$632.2K	$498.9K	$460.4K	$580.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$346.6M	$264.4M	$423.7M	$526.7M	$233.9M	$205.0M	$464.3M	$554.4M	$46.70M	$45.70M	$60.70M	$51.50M	$86.30M	$88.00M	$94.10M
YoY Change	31.08%	-37.59%	-19.56%	125.18%	14.1%	-55.85%	-16.25%	1087.15%	2.19%	-24.71%	17.86%	-40.32%	-1.93%	-6.48%
Cash & Equivalents	$346.6M	$264.4M	$423.7M	$526.7M	$233.9M	$205.0M	$464.3M	$554.4M	$46.70M	$45.70M	$60.70M	$51.50M	$86.30M	$88.00M	$94.10M
Short-Term Investments
Other Short-Term Assets	$98.17M	$98.11M	$76.55M	$77.20M	$65.50M	$64.30M	$61.00M	$53.70M	$50.50M	$48.50M	$35.40M	$12.50M	$11.30M	$11.80M	$11.70M
YoY Change	0.05%	28.17%	-0.84%	17.86%	1.87%	5.41%	13.59%	6.34%	4.12%	37.01%	183.2%	10.62%	-4.24%	0.85%
Inventory
Prepaid Expenses
Receivables	$39.84M	$24.10M	$18.65M	$21.50M	$25.40M	$29.40M	$28.30M	$22.50M	$18.80M	$23.70M	$24.80M	$8.700M	$13.90M	$8.800M	$7.600M
Other Receivables	$255.6M	$240.2M	$224.9M	$222.5M	$221.0M	$0.00	$178.7M	$0.00	$0.00	$0.00	$62.70M	$49.80M	$47.00M	$44.20M	$40.20M
Total Short-Term Assets	$740.3M	$626.8M	$743.8M	$847.9M	$545.8M	$298.7M	$732.3M	$630.6M	$116.0M	$117.9M	$183.6M	$122.5M	$158.5M	$152.8M	$153.6M
YoY Change	18.09%	-15.73%	-12.28%	55.35%	82.73%	-59.21%	16.13%	443.62%	-1.61%	-35.78%	49.88%	-22.71%	3.73%	-0.52%
Property, Plant & Equipment	$2.434B	$2.443B	$2.457B	$2.222B	$2.276B	$2.137B	$2.011B	$1.902B	$1.811B	$1.762B	$1.354B	$682.2M	$632.1M	$590.5M	$582.9M
YoY Change	-0.38%	-0.57%	10.6%	-2.4%	6.5%	6.29%	5.71%	5.05%	2.75%	30.15%	98.49%	7.93%	7.04%	1.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments					$0.00	$400.0M					$0.00	$123.3M	$111.7M	$91.00M	$71.20M
YoY Change					-100.0%						-100.0%	10.38%	22.75%	27.81%
Other Assets	$232.8M	$273.4M	$253.4M	$245.1M	$265.8M	$508.0M	$328.6M	$490.7M	$498.6M	$519.8M	$134.6M	$124.5M	$102.5M	$77.20M	$82.90M
YoY Change	-14.84%	7.88%	3.38%	-7.79%	-47.68%	54.6%	-33.03%	-1.58%	-4.08%	286.18%	8.11%	21.46%	32.77%	-6.88%
Total Long-Term Assets	$3.479B	$3.537B	$3.539B	$3.303B	$3.386B	$3.897B	$3.199B	$3.260B	$3.185B	$3.166B	$2.293B	$930.1M	$846.5M	$758.8M	$737.0M
YoY Change	-1.63%	-0.05%	7.14%	-2.46%	-13.11%	21.82%	-1.88%	2.38%	0.6%	38.09%	146.48%	9.88%	11.56%	2.96%
Total Assets	$4.219B	$4.164B	$4.282B	$4.151B	$3.932B	$4.196B	$3.931B	$3.891B	$3.301B	$3.284B	$2.476B	$1.053B	$1.005B	$911.6M	$890.6M
YoY Change
Accounts Payable	$99.76M	$32.93M	$1.131M	$800.0K	$800.0K	$600.0K	$400.0K	$1.000M	$1.900M	$3.800M	$1.800M	$12.40M	$17.20M	$7.000M	$9.500M
YoY Change	202.96%	2811.32%	41.38%	0.0%	33.33%	50.0%	-60.0%	-47.37%	-50.0%	111.11%	-85.48%	-27.91%	145.71%	-26.32%
Accrued Expenses	$28.44M	$76.47M	$81.60M	$90.40M	$123.9M	$90.20M	$77.50M	$6.200M	$5.600M	$6.000M	$4.100M	$3.400M	$2.900M	$3.200M	$3.200M
YoY Change	-62.81%	-6.28%	-9.74%	-27.04%	37.36%	16.39%	1150.0%	10.71%	-6.67%	46.34%	20.59%	17.24%	-9.38%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.30M	$18.30M	$15.90M	$12.30M
YoY Change											-100.0%	0.0%	15.09%	29.27%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$163.7M	$134.5M	$111.5M	$153.1M	$189.6M	$182.6M	$125.0M	$54.40M	$156.2M	$133.3M	$37.30M	$65.50M	$59.30M	$41.80M	$42.10M
YoY Change	21.72%	20.64%	-27.19%	-19.25%	3.83%	46.08%	129.78%	-65.17%	17.18%	257.37%	-43.05%	10.46%	41.87%	-0.71%
Long-Term Debt	$2.241B	$2.246B	$2.310B	$2.137B	$1.669B	$1.919B	$1.689B	$1.612B	$1.632B	$1.599B	$1.208B	$978.2M	$921.4M	$853.2M	$859.3M
YoY Change	-0.25%	-2.78%	8.13%	28.05%	-13.04%	13.63%	4.74%	-1.23%	2.11%	32.33%	23.5%	6.16%	7.99%	-0.71%
Other Long-Term Liabilities	$84.05M	$99.88M	$134.6M	$128.9M	$125.0M	$102.5M	$107.4M	$120.1M	$137.5M	$166.7M	$151.5M	$7.400M	$5.900M	$7.500M	$7.400M
YoY Change	-15.85%	-25.8%	4.43%	3.12%	21.95%	-4.56%	-10.57%	-12.65%	-17.52%	10.03%	1947.3%	25.42%	-21.33%	1.35%
Total Long-Term Liabilities	$2.325B	$2.346B	$2.445B	$2.266B	$1.794B	$2.021B	$1.796B	$1.732B	$1.770B	$1.765B	$1.360B	$985.6M	$927.3M	$860.7M	$866.7M
YoY Change	-0.91%	-4.05%	7.92%	26.31%	-11.27%	12.54%	3.68%	-2.12%	0.25%	29.85%	37.95%	6.29%	7.74%	-0.69%
Total Liabilities	$2.488B	$3.179B	$3.254B	$3.066B	$2.674B	$2.949B	$2.755B	$2.729B	$2.768B	$2.807B	$2.091B	$1.063B	$1.004B	$922.3M	$908.9M
YoY Change	-21.73%	-2.31%	6.16%	14.63%	-9.33%	7.05%	0.96%	-1.41%	-1.39%	34.24%	96.62%	5.95%	8.83%	1.47%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	161.1M shares	165.0M shares	172.4M shares	175.2M shares	178.3M shares	167.6M shares	158.4M shares	133.9M shares	114.2M shares	97.94M shares
Diluted Shares Outstanding	265.6M shares	269.9M shares	277.4M shares	283.8M shares	297.8M shares	297.3M shares	298.0M shares	277.6M shares	266.6M shares	254.5M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.826 Billion

About Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. The company is headquartered in New York City, New York and currently employs 666 full-time employees. The company went IPO on 2013-10-02. The Company’s portfolio consists of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. Its office portfolio included 11 properties encompassing approximately 8.6 million rentable square feet. Nine of these office properties are located in midtown Manhattan and encompass approximately 7.6 million rentable square feet, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its commercial and multifamily real estate assets, principally office assets, located in Manhattan. Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.

Industry: Real Estate Investment Trusts Peers: Alexander & Baldwin, Inc. American Assets Trust, Inc. Global Net Lease, Inc. Armada Hoffler Properties, Inc. Broadstone Net Lease, Inc. W. P. Carey Inc. Empire State Realty OP, L.P. GLADSTONE COMMERCIAL CORP Safehold Inc. Pacific Oak Strategic Opportunity REIT, Inc.