Empire State Realty Trust, Inc. (ESRT)

Empire State Realty Trust 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	784.18	768.27	767.92	739.57	727.04	624.09
Revenue Growth	2.04%	0.04%	3.83%	1.72%	16.50%	2.44%
Gross Profit Gross Profit Growth	410.82	403.25	413.76	400.56	405.69	344.61
Operating Income Operating Income Growth	-34.52	135.65	158.71	146.71	127.03	79.13
Net Income Net Income Growth	3.07	43.4	47.44	49.04	36.44	-10.71
Earnings Per Share EPS Growth	0.03	0.25	0.28	0.30	0.22	-0.06
EPS Growth	-87.50%	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Observatory Observatory Growth	123.68	128.33	136.38	129.37	105.98	41.61
Intersegment Elimination Intersegment Elimination Growth	-73.97	-76.31	-83.48	-80.51	-65.01	-23.41
Real Estate Real Estate Growth	727.03	714.3	709.08	689.37	684.71	589.67
Total Total Growth	776.74	766.32	761.98	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	85.61	132.66	385.47	346.62	264.43	423.7
Total Debt Total Debt Growth	2,227	2,400	2,484	2,269	2,275	2,339
Net Cash (Debt) Net Cash Growth	-2,142	-2,267	-2,098	-1,922	-2,010	-1,916
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-7.94	-8.40	-7.80	-7.24	-7.45	-6.90

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	234.82	249.05	260.89	232.49	211.17	212.49
Capital Expenditures CapEx Growth	-633.13	-610.53	-365.99	-166.25	-241.9	-212.74
Free Cash Flow Free Cash Flow Growth	-398.32	-361.48	-105.09	66.24	-30.72	-0.26
Free Cash Flow Growth	-	-	-	-	-	-

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
Gross Margin	52.39%	52.49%	53.88%	54.16%	55.80%	55.22%
Operating Margin	-4.40%	17.66%	20.67%	19.84%	17.47%	12.68%
Pretax Margin	1.29%	9.83%	10.81%	11.78%	8.91%	-2.37%
Profit Margin	1.18%	9.50%	10.46%	11.41%	8.69%	-2.09%
FCF Margin	0.00%	-47.05%	-13.69%	8.96%	-4.23%	-0.04%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 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	2.41%	2.16%	1.36%	1.45%	2.08%	1.18%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	27.97	26.08	36.86	32.30	30.64	-
P/FCF Ratio	-	-	-	23.85	-	-
PS Ratio	2.12	1.45	2.25	2.14	1.49	2.43

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 29, 2026

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

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

Data Sources Report a data error