Empire State Realty OP, L.P. (ESBA)

Empire State Realty OP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	626.21	614.6	597.32	591.05	559.69
Property Management Fees	1.48	1.17	1.35	1.36	1.22
Other Revenue	140.11	147.39	140.9	114.6	46.96
Total Revenue	767.81	763.15	739.57	707.01	607.86
Revenue Growth (YoY	0.61%	3.19%	4.61%	16.31%	1.34%
Property Expenses	365.02	354.16	339.02	321.35	279.49
Selling, General & Administrative	72.84	70.23	63.94	61.77	55.95
Depreciation & Amortization	194.76	184.82	189.91	216.89	201.81
Other Operating Expenses	-0.46	-4.77	-	-20.03	-16.23
Total Operating Expenses	632.16	604.44	592.87	579.98	521.01
Operating Income	135.65	158.71	146.71	127.03	86.86
Interest Expense	-103.78	-109.71	-101.48	-101.21	-94.39
Interest & Investment Income	8.75	21.3	15.14	4.95	0.7
EBT Excluding Unusual Items	40.62	70.3	60.36	30.77	-6.83
Gain (Loss) on Sale of Assets	35.02	13.3	26.76	33.99	-
Asset Writedown	-	-	-	-	-7.72
Other Unusual Items	-0.1	-0.55	-	-	-0.21
Pretax Income	75.54	83.05	87.12	64.76	-14.77
Income Tax Expense	2.56	2.69	2.72	1.55	-1.73
Earnings From Continuing Operations	72.98	80.36	84.41	63.21	-13.04
Minority Interest in Earnings	-	-0	-0.07	0.24	0.02
Net Income	72.98	80.36	84.34	63.46	-13.02
Preferred Dividends & Other Adjustments	4.2	4.2	4.2	4.2	4.54
Net Income to Common	68.78	76.15	80.14	59.25	-17.56
Net Income Growth	-9.18%	-4.72%	32.91%	-	-
Basic Shares Outstanding	267	265	263	268	277
Diluted Shares Outstanding	270	269	266	270	277
Shares Change (YoY)	0.38%	1.27%	-1.60%	-2.69%	-2.26%
EPS (Basic)	0.26	0.29	0.30	0.22	-0.06
EPS (Diluted)	0.25	0.28	0.30	0.22	-0.06
EPS Growth	-10.71%	-6.67%	36.36%	-	-
Dividend Per Share	0.140	0.140	0.140	0.140	0.105
Dividend Growth	-	-	-	33.33%	-50.00%
Operating Margin	17.67%	20.80%	19.84%	17.97%	14.29%
Profit Margin	8.96%	9.98%	10.84%	8.38%	-2.89%
EBITDA	313.87	326.71	318.42	321.55	262
EBITDA Margin	40.88%	42.81%	43.05%	45.48%	43.10%
D&A For Ebitda	178.22	168	171.72	194.52	175.14
EBIT	135.65	158.71	146.71	127.03	86.86
EBIT Margin	17.67%	20.80%	19.84%	17.97%	14.29%
Funds From Operations (FFO)	224.98	243.37	238.01	235.79	186.85
FFO Per Share	0.83	0.90	0.90	0.87	0.67
Adjusted Funds From Operations (AFFO)	224.98	243.37	238.01	235.79	186.85
AFFO Per Share	0.83	0.90	0.90	0.87	0.67
FFO Payout Ratio	17.33%	15.73%	15.60%	16.36%	15.29%
Effective Tax Rate	3.39%	3.24%	3.12%	2.39%	-
Revenue as Reported	768.27	767.92	739.57	727.04	624.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q