Empire State Realty Trust Inc (ESRT) - Net Assets
Based on the latest financial reports, Empire State Realty Trust Inc (ESRT) has net assets worth $1.80 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.11 Billion) and total liabilities ($2.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ESRT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.80 Billion |
| % of Total Assets | 43.79% |
| Annual Growth Rate | N/A |
| 5-Year Change | 2.93% |
| 10-Year Change | 29.82% |
| Growth Volatility | 91.53 |
Empire State Realty Trust Inc - Net Assets Trend (2009–2024)
This chart illustrates how Empire State Realty Trust Inc's net assets have evolved over time, based on quarterly financial data. Also explore Empire State Realty Trust Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Empire State Realty Trust Inc (2009–2024)
The table below shows the annual net assets of Empire State Realty Trust Inc from 2009 to 2024. For live valuation and market cap data, see how much is Empire State Realty Trust Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.78 Billion | +2.94% |
| 2023-12-31 | $1.73 Billion | +2.85% |
| 2022-12-31 | $1.68 Billion | -0.07% |
| 2021-12-31 | $1.68 Billion | -2.71% |
| 2020-12-31 | $1.73 Billion | -11.12% |
| 2019-12-31 | $1.95 Billion | -2.17% |
| 2018-12-31 | $1.99 Billion | +0.68% |
| 2017-12-31 | $1.98 Billion | -0.26% |
| 2016-12-31 | $1.98 Billion | +44.45% |
| 2015-12-31 | $1.37 Billion | -0.61% |
| 2014-12-31 | $1.38 Billion | +37.67% |
| 2013-12-31 | $1.00 Billion | +9338.28% |
| 2012-12-31 | $-10.86 Million | -319.55% |
| 2011-12-31 | $4.95 Million | +145.98% |
| 2010-12-31 | $-10.76 Million | +41.08% |
| 2009-12-31 | $-18.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Empire State Realty Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5888800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.67 Million | 0.16% |
| Other Comprehensive Income | $9.93 Million | 0.96% |
| Other Components | $1.08 Billion | 104.59% |
| Total Equity | $1.03 Billion | 100.00% |
Empire State Realty Trust Inc Competitors by Market Cap
The table below lists competitors of Empire State Realty Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PennyMac Mortgage Investment Trust
NYSE:PMT
|
$959.79 Million |
|
Cheryong Electric Co.Ltd
KQ:033100
|
$960.08 Million |
|
Prashkovsky
TA:PRSK
|
$960.24 Million |
|
Standard Lithium Ltd
NYSE MKT:SLI
|
$960.26 Million |
|
Jiangsu Huaxicun Co Ltd
SHE:000936
|
$959.42 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$959.32 Million |
|
Pacira BioSciences, Inc.
NASDAQ:PCRX
|
$959.21 Million |
|
Amphastar P
NASDAQ:AMPH
|
$959.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Empire State Realty Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 985,518,000 to 1,030,696,000, a change of 45,178,000 (4.6%).
- Net income of 51,642,000 contributed positively to equity growth.
- Dividend payments of 27,422,000 reduced retained earnings.
- Share repurchases of 13,105,000 reduced equity.
- Other comprehensive income increased equity by 3,908,000.
- Other factors increased equity by 30,155,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $51.64 Million | +5.01% |
| Dividends Paid | $27.42 Million | -2.66% |
| Share Repurchases | $13.11 Million | -1.27% |
| Other Comprehensive Income | $3.91 Million | +0.38% |
| Other Changes | $30.16 Million | +2.93% |
| Total Change | $- | 4.58% |
Book Value vs Market Value Analysis
This analysis compares Empire State Realty Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $-0.20 | $5.67 | x |
| 2010-12-31 | $-0.12 | $5.67 | x |
| 2011-12-31 | $0.01 | $5.67 | x |
| 2012-12-31 | $-0.12 | $5.67 | x |
| 2013-12-31 | $10.49 | $5.67 | x |
| 2014-12-31 | $5.43 | $5.67 | x |
| 2015-12-31 | $5.15 | $5.67 | x |
| 2016-12-31 | $7.14 | $5.67 | x |
| 2017-12-31 | $6.64 | $5.67 | x |
| 2018-12-31 | $6.70 | $5.67 | x |
| 2019-12-31 | $4.13 | $5.67 | x |
| 2020-12-31 | $3.72 | $5.67 | x |
| 2021-12-31 | $3.63 | $5.67 | x |
| 2022-12-31 | $3.54 | $5.67 | x |
| 2023-12-31 | $3.71 | $5.67 | x |
| 2024-12-31 | $3.83 | $5.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Empire State Realty Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.77%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 4.38x
- Recent ROE (5.01%) is below the historical average (279.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 18.01% | 0.26x | 0.00x | $43.66 Million |
| 2010 | 0.00% | 18.71% | 0.27x | 0.00x | $47.19 Million |
| 2011 | 4435.63% | 19.47% | 0.29x | 779.46x | $57.27 Million |
| 2012 | 0.00% | 18.69% | 0.25x | 0.00x | $49.73 Million |
| 2013 | 3.79% | 12.19% | 0.13x | 2.47x | $-62.31 Million |
| 2014 | 1.97% | 4.27% | 0.19x | 2.39x | $-110.97 Million |
| 2015 | 2.53% | 5.27% | 0.20x | 2.40x | $-102.60 Million |
| 2016 | 2.64% | 7.73% | 0.17x | 1.96x | $-145.89 Million |
| 2017 | 3.21% | 8.92% | 0.18x | 1.99x | $-134.19 Million |
| 2018 | 3.34% | 9.10% | 0.17x | 2.11x | $-132.57 Million |
| 2019 | 4.17% | 7.00% | 0.19x | 3.20x | $-71.66 Million |
| 2020 | -1.19% | -2.05% | 0.15x | 3.93x | $-118.04 Million |
| 2021 | -0.65% | -1.07% | 0.14x | 4.29x | $-106.32 Million |
| 2022 | 4.26% | 5.75% | 0.17x | 4.36x | $-54.79 Million |
| 2023 | 5.40% | 7.20% | 0.18x | 4.28x | $-45.31 Million |
| 2024 | 5.01% | 6.77% | 0.17x | 4.38x | $-51.43 Million |
Industry Comparison
This section compares Empire State Realty Trust Inc's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $786,902,471
- Average return on equity (ROE) among peers: -6.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Empire State Realty Trust Inc (ESRT) | $1.80 Billion | 0.00% | 1.28x | $959.48 Million |
| American Assets Trust Inc (AAT) | $679.73 Million | 0.43% | 1.51x | $1.29 Billion |
| Armada Hflr Pr (AHH) | $904.01 Million | 8.27% | 1.48x | $487.33 Million |
| Broadstone Net Lease Inc (BNL) | $3.26 Billion | 3.57% | 0.67x | $3.79 Billion |
| CTO Realty Growth Inc (CTO) | $117.81 Million | 4.10% | 0.47x | $623.55 Million |
| FrontView REIT, Inc. (FVR) | $493.22 Million | -0.78% | 0.73x | $294.35 Million |
| Generation Income Properties Inc (GIPR) | $23.28 Million | -5.27% | 1.30x | $1.40 Million |
| Global Net Lease, Inc. (GNL) | $1.36 Billion | 3.48% | 1.13x | $1.93 Billion |
| Gladstone Commercial Corporation (GOOD) | $233.87 Million | 1.54% | 2.56x | $588.44 Million |
| Medalist Diversified Reit Inc (MDRR) | $11.71 Million | -69.86% | 5.77x | $12.86 Million |
About Empire State Realty Trust Inc
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the "World's Most Famous Building," features its iconic Observatory, ranked the 1 Top Attraction in New York City for the fourth consecutive year in… Read more