Predict your next investment

FINANCIAL | Real Estate / REITs

See what CB Insights has to offer



Date of IPO


Market Cap


Stock Price




About Empire State Realty Trust

Empire State Realty Trust is a self-administered and self-managed real estate investment trust, or REIT, that owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The company was formed to continue and expand the commercial real estate business of it's predecessor Malkin Holdings and its affiliates. Empire's primary focus will be to continue to own, manage and operate it's current portfolio and to acquire and reposition office and retail properties in Manhattan and the greater New York metropolitan area.

Empire State Realty Trust Headquarter Location

One Grand Central Place

New York, New York, 10165,

United States


Latest Empire State Realty Trust News

Empire State Realty gets double-downgrade as KeyBanc turns cautious on offices

Jan 13, 2022

yongyuan/E+ via Getty Images Empire State Realty Trust (NYSE: ESRT ) stock slips 2.2% in premarket trading after KeyBanc analyst Jordan Sadler downgrades the New York-focused office REIT to Underweight from Overweight as it adjusts its view on office REITs to Underweight from Sector Weight. Cuts ESRT price target to $8 from $13. Sharp tightening by the Fed to stem inflation could "temper growth expectations and multiples," Sadler writes in a note to clients. "We view the sense of urgency surrounding inflation as a risk to asset values, particularly as the severity of the virus moderates," the analyst said. After reviewing 2021's strong performance and taking into account expected central bank moves, KeyBanc's Sadler upgrades lodging REITs to Overweight from Sector Weight and keeps apartment and retail REITs at Overweight and industrial, data center, self-storage, health care, and triple-net REITs at Sector Weight. Upgrades LTC Properties (NYSE: LTC ) and Xenia Hotels and Resorts (NYSE: XHR ) to Overweight from Sector Weight. Downgrades Empire State Realty Trust ( ESRT ) to Underweight from Overweight, Corporate Office Properties Trust (NYSE: OFC ) to Underweight from Sector Weight, and Hudson Pacific Properties (NYSE: HPP ) and Global Medical REIT (NYSE: GMRE ) to Sector Weight from Overweight. In response, Corporate Office ( OFC ) drops 1.6%, Hudson Pacific ( HPP ) falls 0.6%, and Global Medical REIT ( GMRE ) declines 1.1% in premarket trading. Raises price targets on AvalonBay Communities (NYSE: AVB ) to $275 from $255, Essex Property Trust (NYSE: ESS ) to $371 from $363, UDR (NYSE: UDR ) to $63 from $61, Summit Hotel Properties (NYSE: INN ) to $12 from $11, Brixmor Property Group (NYSE: BRX ) to $29 from $26, Life Storage (NYSE: LSI ) to $160 from $146.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Empire State Realty Trust Web Traffic

Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Empire State Realty Trust Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.