Empire State Realty (ESRT) vs Gladstone Commercial Real Estate Investment (GOOD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Gladstone Commercial Real Estate Investment (GOOD) has outperformed Empire State Realty (ESRT) over the past year, gaining 10.3% versus a loss of 42.4%. Over five years, GOOD leads with a -41.9% price change compared with -59.1% for ESRT. Empire State Realty is the larger company by market cap ($1.37 billion vs $616.7 million), about 2.2 times the size.
On valuation, Empire State Realty trades at a lower forward P/E (74.5x vs 84.2x for Gladstone Commercial Real Estate Investment). Gladstone Commercial Real Estate Investment offers the higher dividend yield (9.50% 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 | ESRT | GOOD |
|---|---|---|
| Share price | $4.47 | $12.63 |
| Market cap | $1.37B | $616.67M |
| 1-day change | +0.90% | -0.63% |
| YTD return | -31.44% | +18.37% |
| 1-year return | -42.40% | +10.31% |
| 5-year return | -59.07% | -41.90% |
| P/E ratio (TTM) | 223.50 | 50.52 |
| Forward P/E | 74.50 | 84.20 |
| EPS (TTM) | $0.02 | $0.25 |
| Dividend yield | 3.13% | 9.50% |
| Annual dividend | $0.14 | $1.20 |
| 52-week high | $8.04 | $13.28 |
| 52-week low | $3.93 | $10.33 |
| Distance from 52-week high | -44.40% | -4.89% |
| Analyst consensus | hold | none |
| Avg. price target upside | +20.81% | +11.88% |
| Average volume | 3.03M | 425.59K |
| Shares outstanding | 172.17M | 48.41M |
| Employees | 642 | — |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate |
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
- Empire State Realty is about 2.2 times larger than Gladstone Commercial Real Estate Investment by market value ($1.37B vs $616.67M).
- GOOD has outperformed ESRT by 52.7 percentage points over the past year.
- Empire State Realty trades at a higher earnings multiple (223.5x vs 50.5x trailing P/E).
- Gladstone Commercial Real Estate Investment offers a meaningfully higher dividend yield (9.50% vs 3.13%).
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 · Real Estate Investment Trusts · 642 employees
About Gladstone Commercial Real Estate Investment
GOOD stock →Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet.
Real Estate · Real Estate
ESRT vs GOOD FAQ
Which is bigger, Empire State Realty or Gladstone Commercial Real Estate Investment?
Empire State Realty (ESRT) is larger, with a market capitalization of $1.37B compared with $616.67M for Gladstone Commercial Real Estate Investment (GOOD).
Which stock has performed better over the past year, ESRT or GOOD?
GOOD returned +10.31% 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, ESRT or GOOD?
GOOD has the lower trailing P/E at 50.5, 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, Empire State Realty or Gladstone Commercial Real Estate Investment?
Gladstone Commercial Real Estate Investment has the higher yield at 9.50%, compared with 3.13% for Empire State Realty.
Are Empire State Realty and Gladstone Commercial Real Estate Investment in the same industry?
Both are in the Real Estate sector, but in different industries: Real Estate Investment Trusts for Empire State Realty and Real Estate for Gladstone Commercial Real Estate Investment.