Empire State Realty Trust, Inc. (ESRT)

Empire State Realty Trust Cash Flow Statement

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

Operating Activities

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
Net Income	47.6	51.64	53.25	40.64	-6.51
Depreciation & Amortization	178.22	168	171.72	194.52	175.14
Other Amortization	21.18	22.47	23.61	25.45	28.6
Gain (Loss) on Sale of Assets	-35.02	-13.3	-26.76	-33.99	-
Asset Writedown	-	-	-	-	7.72
Stock-Based Compensation	25.17	21.7	20.03	21.01	20.26
Change in Accounts Receivable	9.27	6.89	-15.64	-5.31	2.89
Change in Accounts Payable	9.4	13.59	0.75	4.71	-0.1
Change in Other Net Operating Assets	-23.4	-36.09	-12.37	-40	-11.33
Other Operating Activities	16.18	26.62	20.69	7.81	-16.53
Operating Cash Flow	249.05	260.89	232.49	211.17	212.49
Operating Cash Flow Growth	-4.54%	12.22%	10.10%	-0.62%	16.56%

Investing Activities

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
Acquisition of Real Estate Assets	-610.53	-365.99	-166.25	-241.9	-212.74
Sale of Real Estate Assets	60.52	-	88.91	11.01	-
Net Sale / Acq. of Real Estate Assets	-550.01	-365.99	-77.34	-230.89	-212.74
Other Investing Activities	-	-31.14	-	-	-
Investing Cash Flow	-550.01	-397.12	-77.34	-230.89	-212.74

Financing Activities

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
Long-Term Debt Issued	615	440	-	-	-
Total Debt Issued	615	440	-	-	-
Long-Term Debt Repaid	-520.26	-226.86	-8.63	-7.5	-4.09
Total Debt Repaid	-520.26	-226.86	-8.63	-7.5	-4.09
Net Debt Issued (Repaid)	94.74	213.14	-8.63	-7.5	-4.09
Repurchase of Common Stock	-9.03	-	-13.11	-90.18	-46.7
Common Dividends Paid	-23.73	-23.22	-22.68	-23.11	-18.11
Preferred Dividends Paid	-4.2	-4.2	-4.2	-4.2	-4.2
Total Dividends Paid	-27.93	-27.42	-26.89	-27.31	-22.31
Other Financing Activities	-19.61	-27.14	-14.25	-15.25	-19.94

Net Cash Flow

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
Net Cash Flow	-262.79	22.35	92.28	-159.96	-93.3

Free Cash Flow

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
Levered Free Cash Flow	409.41	142.93	250.89	192.73	211.2
Unlevered Free Cash Flow	474.27	211.5	314.32	255.98	270.2

Additional Metrics

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
Cash Interest Paid	93.37	94.67	92	91.01	77.61
Cash Income Tax Paid	3.53	1.9	1.39	0.2	0.64
Change in Working Capital	-4.28	-16.23	-30.03	-44.27	3.8

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Nov 3, 2026

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