ESRT Intrinsic Stock Value – Empire State Realty Trust Reports Expected EPS of $0 for Current Quarter, Closes at $7.62
July 8, 2023
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Empire State Realty ($NYSE:ESRT) Trust Inc. (ESRT) closed at $7.62 in the latest session, representing a decrease of -0.39% from the previous closing price of $7.65. It is anticipated that the company will report an earnings per share of $0 for the current quarter. Empire State Realty Trust is an integrated, self-administered and self-managed real estate investment trust (REIT) whose primary business is owning and operating office and retail properties in Manhattan and the greater New York metropolitan area. The company’s portfolio consists of office, retail, and hotel properties, as well as parking garages.
The company has a strong financial position, with an impressive portfolio of assets and a long history of successful investments in New York City. With its diversified portfolio of quality assets, Empire State Realty Trust is well-positioned to generate stable income and attractive long-term returns for its shareholders.
Earnings
The company closed at a share price of $7.62. The company was able to generate total revenue of 1.05 million USD in the first quarter of fiscal year 2023. This figure marks a 0.0% decrease in total revenue compared to the same period last year.
Over the past three years, total revenue of Empire State Realty Trust has steadily increased from 1.05 million USD to 1.05 million USD. The company’s revenue performance during this period is indicative of its ability to weather the uncertainties caused by the pandemic and the associated economic downturn, while still managing to ensure consistent growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ESRT. More…
| Total Revenues | Net Income | Net Margin |
| 727.63 | 54.26 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ESRT. More…
| Operations | Investing | Financing |
| 211.17 | -230.89 | -140.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ESRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.16k | 2.48k | 10.37 |
Key Ratios Snapshot
Some of the financial key ratios for ESRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 19.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Price History
The stock opened at $7.6 on Friday and closed at $8.0, signifying a 4.6% increase from the prior closing price of $7.6. This marks an overall positive trend for the stock which has seen a resurgence in recent weeks. The company’s outlook for the remainder of the year looks promising, as investors remain bullish on the stock.
Although the EPS for the quarter is expected to be zero, this does not necessarily indicate a bleak future for the company as they have a strong track record of delivering consistent earnings and dividends to its shareholders. Moreover, the company has a diversified portfolio of office, retail, residential, and hospitality properties which will continue to provide strong returns in the long-term. Live Quote…
Analysis – ESRT Intrinsic Stock Value
Using our proprietary Valuation Line, we calculated the fair value of EMPIRE STATE REALTY TRUST’s share to be around $7.8. Currently, EMPIRE STATE REALTY TRUST stock is being traded at $8.0, which is a fair price, but overvalued by 3.0%. With this in mind, we advise investors to be careful when making decisions about investing in this stock. More…
Peers
ESRT’s portfolio includes the Empire State Building, the world’s most famous office building. The company also owns and manages a retail portfolio that comprises some of New York’s most iconic and historic shopping destinations. ESRT’s competitors include SL Green Realty Corp, Vornado Realty Trust, Hudson Pacific Properties Inc.
– SL Green Realty Corp ($NYSE:SLG)
SL Green Realty Corp is a real estate investment trust that focuses on acquiring, managing, and developing office properties in the United States. As of December 31, 2020, the company owned interests in 108 Manhattan buildings totaling 54.4 million square feet.
– Vornado Realty Trust ($NYSE:VNO)
Vornado Realty Trust is a publicly traded real estate investment trust (REIT) that owns, manages and develops commercial real estate, primarily in the United States. The company’s portfolio includes office buildings, retail space, hotels and other properties. Vornado’s market capitalization is $4.44 billion as of 2022. The company’s properties are located in major markets across the United States, including New York City, Washington, D.C., Chicago and San Francisco.
– Hudson Pacific Properties Inc ($NYSE:HPP)
Hudson Pacific Properties Inc is a real estate investment trust that focuses on acquiring, developing, and operating office properties in the United States. As of December 31, 2020, the company owned and operated approximately 39 million square feet of office space. Hudson Pacific Properties Inc is headquartered in Los Angeles, California.
Summary
Empire State Realty Trust (ESRT) is a real estate investment trust (REIT) that owns, manages, and operates office and retail properties in New York City. Shares of ESRT closed at $7.62 on the same day, representing a 0.39% decline from its previous closing price of $7.65. Despite the losses reported, long-term investors are still optimistic about Empire State Realty Trust’s potential and view the stock as an attractive buy opportunity.
Analysts suggest looking at the company’s fundamentals, financials, and potential earnings growth when evaluating ESRT. Knowing the company’s strengths and weaknesses can help investors make informed decisions about adding ESRT to their portfolio.
