Stock events for Empire State Realty Trust, Inc. (ESRT)
Over the past six months, Empire State Realty Trust's stock price has experienced a significant decline. The stock decreased by 27.83% over the last six months and 36.23% over the last 12 months, with a year-to-date return of -9.43%. As of late February 2026, the share price was $5.88, representing a 34.08% decline from March 3, 2025.
Demand Seasonality affecting Empire State Realty Trust, Inc.’s stock price
While specific details on demand seasonality for Empire State Realty Trust's entire portfolio are not available, real estate and attraction businesses often experience seasonal fluctuations. The Empire State Building Observatory likely sees variations in visitor numbers throughout the year, potentially peaking during tourist seasons or holidays. Retail demand can be seasonal, with increases around holidays. Office and multifamily leasing can be influenced by economic cycles and academic calendars.
Overview of Empire State Realty Trust, Inc.’s business
Empire State Realty Trust, Inc. (ESRT) is a real estate investment trust (REIT) focused on owning, managing, acquiring, and repositioning office, retail, and multifamily properties. The company operates within the Finance sector and the Real Estate Investment Trusts industry. Its portfolio includes assets such as the Empire State Building, which features a high-margin Observatory segment. ESRT's business model revolves around leasing modernized, sustainable, and amenity-rich spaces to corporate tenants and managing its experiential assets.
ESRT’s Geographic footprint
ESRT's geographic footprint is concentrated in Manhattan and the greater New York metropolitan area. The company has also expanded its retail presence in Williamsburg, Brooklyn, including a recent acquisition at 86-90 North 6th Street.
ESRT Corporate Image Assessment
Empire State Realty Trust has maintained a strong brand reputation, particularly in sustainability and tenant well-being. In 2025, ESRT received the International WELL Building Institute (IWBI) WELL Health Safety Leadership award and the Healthy Building Catalyst award, having achieved the WELL Health-Safety Rating across 100% of its portfolio since 2020. The Empire State Building was named the #1 attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards. The company also published its annual Sustainability Report in April 2025, highlighting its leadership in environmental sustainability and achieving the U.S. Environmental Protection Agency's ENERGY STAR NextGen certification. In 2024, the Empire State Building achieved LEED Platinum certification, the highest level under the U.S. Green Building Council's latest standard, making it the largest LEED v5 Platinum project in the United States. ESRT also expanded its urban beekeeping initiatives to 100% of its Manhattan portfolio, promoting biodiversity and tenant engagement.
Ownership
Empire State Realty Trust's ownership structure includes institutional, retail, and individual investors, with institutional investors holding a substantial portion. Approximately 43.82% to 81.9% of the company's stock is owned by institutional investors. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Ameriprise Financial Inc., Cohen & Steers, Inc., State Street Corp, Lasalle Investment Management Securities Llc, and Principal Financial Group Inc. Qatar Holding LLC is also a significant strategic investor, holding approximately 17.6% of the shares as of late 2025. Insiders hold about 0.35% of the stock, while public companies and individual investors hold around 19.20% to 36.63%.
