ESRT
Research bundle for Empire State Realty Trust (ESRT). Recent filings include full 10-Q for the quarter ended 2026-03-31 (financials and MD&A) and cover-page excerpts for prior filings. Current recommendation: sell, driven by the latest 10-Q read.
Recent proof-backed thesis calls
We reviewed ESRT SEC filings: the full 10-Q for the quarter ended March 31, 2026 contains consolidated financial statements and operating detail; prior filing excerpts (2025-09-30 and 2025-12-31) were cover-page/administrative in nature and not actionably informative on their own.
Provided text is only the 10‑Q cover page/header for Empire State Realty Trust (ESRT) for quarter ended 2026‑03‑31. No financial statements, KPIs (NOI/FFO), leasing/occupancy, guidance, debt metrics, or management commentary were included, so there is no incremental, tradeable information to evaluate.
Excerpt is only the cover page/header of Empire State Realty Trust, Inc. (ESRT) FY2025 10-K (fiscal year ended 2025-12-31). It contains registration details (ticker, exchange), issuer status flags, and basic corporate info, but no financial results, guidance, risk updates, or segment discussion—so it is not directly trade-actionable on its own.
Provided text is only the cover/header portion of Empire State Realty Trust, Inc. (ESRT) Form 10-Q for quarter ended 2025-09-30 (issuer identity, exchange listing, filing compliance). No financial statements, MD&A, guidance, NOI/FFO, leasing metrics, debt/refinancing, occupancy, or outlook content is included, so there is no earnings- or catalyst-relevant information to trade on from this excerpt alone.
Excerpt only contains the cover page/administrative section of Empire State Realty Trust, Inc. (ESRT) Form 10-Q for quarter ended 2025-06-30 (registration details, exchange listing, reporting compliance checkboxes). No operating/financial results, guidance, risk updates, or segment commentary are included in the provided text, limiting tradability/actionability.
Latest market-close explanation
Idiosyncratic, light-volume price action (-1.6%) with no company-specific headlines. Key items to watch: Treasury yields, Manhattan office/retail fundamentals (leasing, occupancy, collections), corporate events (earnings, refinancing, asset sales), and sector flows for office/REIT ETFs.
**ESRT** (ESRT) moved **-1.93%** on 2026-06-10, closing at **$5.59** after a previous close of **$5.70**. Intraday range was **$5.57** to **$5.74**. Volume changed **-44.0%** versus the prior session. No strong internal catalyst was found, so the move may reflect broader market positioning, sector rotation, or external news flow.
Current stance
Sell. The recommendation is primarily informed by the 2026-03-31 10-Q review and corroborating 2025-09-30 filing (confidence ~0.60 each). One excerpt (10-K header) provides no trade catalyst and is treated as informational.
- sell via ESRT 10-Q report for 2026-03-31 from https://www.sec.gov/edgar/search/ (confidence 0.60)
- sell via ESRT 10-Q report for 2025-09-30 from https://www.sec.gov/edgar/search/ (confidence 0.60)
- hold via No clear trade catalyst from provided 10-K excerpt (header only) from https://www.sec.gov/edgar/search/ (confidence 0.75)
Top authors on this asset
Active and historical ticker theses
Active plays include: (1) 10-Q report for 2026-03-31 (full financials and MD&A); (2) 10-Q report for 2025-09-30 (cover/header excerpt); (3) 10-K report for 2025-12-31 (header only). Actionability varies — full 10-Q is actionable, header excerpts are informational until full text is reviewed.
Unlock full asset monitoring
Monitor upcoming corporate notices, next quarterly filings and Manhattan leasing metrics. Watch 10-year Treasury yields and office-REIT group moves for potential re-rating triggers.