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

Empire State Realty OP Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	782.82	767.81	763.15	739.57	707.01	607.86
Revenue Growth	2.56%	0.61%	3.19%	4.61%	16.31%	1.34%
Net Income Net Income Growth	5.06	68.78	76.15	80.14	59.25	-17.56
Earnings Per Share EPS Growth	0.02	0.25	0.28	0.30	0.22	-0.06
EPS Growth	-91.79%	-10.71%	-6.67%	36.36%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Intersegment Elimination Intersegment Elimination Growth	-68.07	-76.31	-83.48	-80.51	-65.01	-23.41
Real Estate Real Estate Growth	738.08	715.78	710.25	689.37	684.71	589.67
Observatory Observatory Growth	114	128.33	136.38	129.37	105.98	41.61
Total Total Growth	784.01	767.81	763.15	738.22	725.68	607.86

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	96.05	136.54	398.56	358.42	282.37	423.7
Total Debt Total Debt Growth	2,227	2,400	2,484	2,269	2,275	2,365
Net Cash (Debt) Net Cash Growth	-2,131	-2,263	-2,085	-1,911	-1,992	-1,941
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-7.91	-8.38	-7.75	-7.19	-7.38	-7.00

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	227.64	249.05	260.89	232.49	211.17	212.49
Free Cash Flow Free Cash Flow Growth	227.64	249.05	260.89	232.49	211.17	212.49
Free Cash Flow Growth	-13.35%	-4.54%	12.22%	10.10%	-0.62%	16.56%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	17.52%	17.67%	20.80%	19.84%	17.97%	14.29%
Pretax Margin	1.29%	9.84%	10.88%	11.78%	9.16%	-2.43%
Profit Margin	0.65%	8.96%	9.98%	10.84%	8.38%	-2.89%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.140	0.140	0.140	0.140	0.140	0.105
Dividend Per Share Growth	0%	0%	0%	0%	33.33%	-50.00%
Dividend Yield	2.97%	2.25%	1.42%	1.56%	2.28%	1.29%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	250.04	25.53	36.64	31.81	30.05	-
PS Ratio	1.71	2.29	3.66	3.45	2.52	4.16

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

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