Empire State Realty Trust Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	626.68	619.37	597.32	611.08	575.92
Service and Other Revenue	141.59	148.56	142.25	115.96	48.17
Revenue	768.27	767.92	739.57	727.04	624.09
Revenue Growth (YoY)	0.04%	3.83%	1.72%	16.50%	2.44%
Property Expenses	194.04	188.5	176.65	167.26	136.31
Service and Other Expenses	38.24	36.83	35.27	31.04	23.21
Total Property Expenses	232.28	225.34	211.92	198.3	159.52
Property Taxes	132.74	128.83	127.1	123.06	119.97
Gross Profit	403.25	413.76	400.56	405.69	344.61
Selling, General & Admin	72.84	70.23	63.94	61.77	55.95
Depreciation & Amortization Expenses	194.76	184.82	189.91	216.89	201.81
Other Operating Expenses	-	-	-	-	7.72
Operating Income	135.65	158.71	146.71	127.03	79.13
Net Gains on Disposal of Properties	35.02	13.3	26.76	33.99	-
Interest Income	8.75	21.3	15.14	4.95	0.7
Interest Expense	-103.78	-109.71	-101.48	-101.21	-94.39
Other Non-Operating Income (Expense)	0.1	0.55	-	-	0.21
Total Non-Operating Income (Expense)	-59.92	-74.56	-59.58	-62.27	-93.48
Pretax Income	75.54	83.05	87.12	64.76	-14.77
Provision for Income Taxes	2.56	2.69	2.72	1.55	-1.73
Net Income	43.4	47.44	49.04	36.44	-10.71
Minority Interest in Earnings	-25.38	-28.72	-31.16	-22.57	6.53
Net Income Attributable to Preferred Dividends	4.2	4.2	4.2	4.2	4.2
Net Income to Common	43.4	47.44	49.04	36.44	-10.71
Net Income Growth	-8.52%	-3.27%	34.58%	-	-
Shares Outstanding (Basic)	169	165	161	165	172
Shares Outstanding (Diluted)	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%	-	-
Free Cash Flow	-361.48	-105.09	66.24	-30.72	-0.26
Free Cash Flow Per Share	-1.34	-0.39	0.25	-0.11	-0.00
Dividends Per Share	0.140	0.140	0.140	0.140	0.105
Dividend Growth	-	-	-	33.33%	-50.00%
Gross Margin	52.49%	53.88%	54.16%	55.80%	55.22%
Operating Margin	17.66%	20.67%	19.84%	17.47%	12.68%
Profit Margin	9.50%	10.46%	11.41%	8.69%	-2.09%
FCF Margin	-47.05%	-13.69%	8.96%	-4.23%	-0.04%
EBITDA	330.41	343.53	336.62	343.92	280.94
EBITDA Margin	43.01%	44.73%	45.52%	47.30%	45.02%
EBIT	135.65	158.71	146.71	127.03	79.13
EBIT Margin	17.66%	20.67%	19.84%	17.47%	12.68%
Effective Tax Rate	3.39%	3.24%	3.12%	2.39%	11.74%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q