Empire State Realty Trust vs Piedmont Realty Trust
Empire State Realty Trust is the larger business, with $768m of revenue in fiscal 2025 against $565m for Piedmont Realty Trust (1.4 times as much). Empire State Realty Trust grew faster (0.0% against -0.9%). Empire State Realty Trust kept more of each dollar of sales as profit: a net margin of 5.6% against -14.8%. Piedmont Realty Trust carries less debt relative to equity (150.4% against 225.4%).
| Latest fiscal year | Empire State Realty TrustESRT, 2025 | Piedmont Realty TrustPDM, 2025 |
|---|---|---|
| Revenue | $768m | $565m |
| Revenue growth | 0.0% | -0.9% |
| Net income | $43.4m | −$83.6m |
| Operating margin | 17.7% | — |
| Net margin | 5.6% | -14.8% |
| Return on equity | 4.2% | -5.4% |
| Free cash flow | $50.6m | $141m |
| Cash | $133m | $731,000 |
| Total debt | $2.39bn | $2.25bn |
| Debt to equity | 225.4% | 150.4% |
| Dividend per share | $0.14 | — |
| Dividend yield | 1.8% | 0.0% |
| Share buybacks | $8.1m | — |
| Employees | 407 | 140 |
| Market value | $1.37bn | $1.19bn |
| Price vs our value range | — | — |
| Moat score | 40 (Weak) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |