Empire State Realty Trust, Inc. (ESRT) Company Bio
Empire State Realty Trust owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The company was founded in 2010 and is based in New York, New York.
ESRT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Empire State Realty Trust Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Empire State Realty Trust Inc ranked in the 8th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Empire State Realty Trust Inc ended up being:
As a business, ESRT is generating more cash flow than merely 13.69% of positive cash flow stocks in the Real Estate.
41% of the company's capital comes from equity, which is greater than merely 20.43% of stocks in our cash flow based forecasting set.
Empire State Realty Trust Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Empire State Realty Trust Inc? See AHT, FSV, HGSH, KW, and BRX.
The last time REITs were so undervalued it was during the great financial crisis. Back then, investors feared that REITs would go bankrupt because balance sheets were overleveraged even as we were hit by the sharpest real estate crash ever recorded. REITs dropped like rocks, but in the end, only...
Jussi Askola on Seeking Alpha | September 24, 2020
NEW YORK--(BUSINESS WIRE)-- #WeAreWELL--The International WELL Building Institute (IWBI) today announced that Empire State Realty Trust, Inc. (NYSE: ESRT), the greater New York metro area office and retail real estate leader, is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating for Facility Operations and Management. ESRT’s portfolio is comprised of 14 office properties and six stand-alone retail properties totaling approximately 10.1 million rentable square fee
NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Berkley Insurance Company (BIC), a subsidiary of W. R. Berkley Corporation, a Fortune 500 company, has signed a new lease through 2033 for 63,173 square feet at Metro Center, in…
Six dollars doesn’t get you much in New York besides a couple of subway rides or a cup of cold-brewed coffee. But it’s more than enough to buy a share in the Empire State Building’s owner. On Friday shares in Empire State Realty Trust hit a new low, sinking to $5.93 in midday trading. All of…
Citi analyst Emmanuel Korchman raises Empire State Realty Trust (ESRT) to Neutral from Sell as much of the bad news is already baked into the REIT's shares.ESRT has dropped 52% YTD vs. its office peers' 28% decline.The biggest risk to ESRT's cash flows remains the recovery of business at the...