Is Empire State Realty Trust Inc (ESRT) overvalued? · P/E 27, rev $766.8M
Empire State Realty Trust Inc (ESRT) is a reit - diversified company listed on US.
This page asks whether Empire State Realty Trust Inc (ESRT) looks expensive on cached numbers — not a short thesis.
Latest reported ESRT revenue for 2024-12-31 was $766.8M. Net income was $80.4M. Revenue was up 3.9% from 2023-12-31 to 2024-12-31. ESRT currently screens at market cap $2.40B and trailing P/E 27.0.
ESRT currently screens at market cap $2.40B and trailing P/E 27.0. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next ESRT 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the ESRT stock page for the full model, not this heading.
Not investment advice.