The Motley Fool发布 2026-10-14
《Bank Earnings Have Entered the Upside Down》
$ESRT中性
ESRT：写字楼组合出租率约95%，租金已连续20个季度上涨，按经营现金流计算仅六倍估值；但上季度天文台收入下降约30%，净营运收入近乎腰斩，原因是国际旅游疲软以及新增竞争观景台；债务对EBITDA为6.6，可见度有限。他目前继续持有。
他说，你持有Empire State Realty Trust，代码是ESRT，和我一样。说它的表现糟糕都算是轻描淡写。业绩不佳背后的主要原因是什么？按当前价格，你会把它归类为买入、持有还是卖出？
He says, you own the Empire State Realty Trust, and its symbol is ESRT, just like me . It would be an understatement to say the performance was terrible. What is the main reason behind the poor results and would you classify it as a buy, hold, or sell at its current price?
是的，首先，这是一只房地产投资信托，拥有帝国大厦，以及一个主要由纽约市写字楼物业组成的投资组合。他们也有一些住宅物业，但大多数是写字楼。
Yes, well, first and foremost, this is a real estate investment trust that owns the Empire State Building and a portfolio that mostly consists of office properties in New York City.
They have some residential properties, but the majority are offices.