American Assets (AAT) vs Empire State Realty (ESRT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
American Assets (AAT) has outperformed Empire State Realty (ESRT) over the past year, gaining 7.2% versus a loss of 42.4%. Over five years, AAT leads with a -45.7% price change compared with -59.1% for ESRT. American Assets is the larger company by market cap ($1.66 billion vs $1.37 billion), about 1.2 times the size.
On valuation, American Assets trades at a lower trailing P/E (74.0x vs 223.5x for Empire State Realty). American Assets offers the higher dividend yield (6.34% vs 3.13%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AAT | ESRT |
|---|---|---|
| Share price | $21.46 | $4.47 |
| Market cap | $1.66B | $1.37B |
| 1-day change | -0.19% | +0.90% |
| YTD return | +13.37% | -31.44% |
| 1-year return | +7.25% | -42.40% |
| 5-year return | -45.67% | -59.07% |
| P/E ratio (TTM) | 74.00 | 223.50 |
| Forward P/E | — | 74.50 |
| EPS (TTM) | $0.29 | $0.02 |
| Dividend yield | 6.34% | 3.13% |
| Annual dividend | $1.36 | $0.14 |
| 52-week high | $25.97 | $8.04 |
| 52-week low | $17.72 | $3.93 |
| Distance from 52-week high | -17.37% | -44.40% |
| Analyst consensus | underperform | hold |
| Avg. price target upside | +9.51% | +20.81% |
| Average volume | 437.12K | 3.03M |
| Shares outstanding | 61.40M | 172.17M |
| Employees | 232 | 642 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Diversified | REIT - Diversified |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AAT has outperformed ESRT by 49.6 percentage points over the past year.
- Empire State Realty trades at a higher earnings multiple (223.5x vs 74.0x trailing P/E).
- American Assets offers a meaningfully higher dividend yield (6.34% vs 3.13%).
About American Assets
AAT stock →American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust.
Real Estate · REIT - Diversified · 232 employees
About Empire State Realty
ESRT stock →Empire State Realty Trust, Inc. 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.
Real Estate · REIT - Diversified · 642 employees
AAT vs ESRT FAQ
Which is bigger, American Assets or Empire State Realty?
American Assets (AAT) is larger, with a market capitalization of $1.66B compared with $1.37B for Empire State Realty (ESRT).
Which stock has performed better over the past year, AAT or ESRT?
AAT returned +7.25% over the past 12 months, compared with -42.40% for ESRT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AAT or ESRT?
AAT has the lower trailing P/E at 74.0, versus 223.5 for ESRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Assets or Empire State Realty?
American Assets has the higher yield at 6.34%, compared with 3.13% for Empire State Realty.
Are American Assets and Empire State Realty in the same industry?
Yes. Both are classified in the REIT - Diversified industry within the Real Estate sector.