Empire State Realty OP (ESBA) Buildings and Improvements (2012 - 2026)
Empire State Realty OP's Buildings came in at $3.53 billion for Q3 2026, unchanged from $3.53 billion a year earlier and down 2.6% from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) Buildings and Improvements (2012 - 2026) Analysis & Trends
At the end of FY2025, Empire State Realty OP's Buildings was $3.74 billion, up 10.2% from FY2024.
- Buildings has increased in each of the last 13 years, with a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- Going back by year, Buildings was $3.39 billion in FY2024 (+3.4%), $3.28 billion in FY2023 (+3.2%), $3.18 billion in FY2022 (+0.7%) and $3.16 billion in FY2021 (+7.9%).
- The Q3 2026 figure represents the lowest quarterly Buildings since Q2 2025.
- Year-over-year, Buildings increased in seven of the last eight quarters, with growth averaging 6.2%.
- The fastest year-over-year change in Buildings over five years came in Q2 2025 (growth of 10.9%), and the weakest in Q2 2024 (a decline of 1.3%).
- Business Quant data shows ESBA's Buildings at $3.63 billion (Q2 2026), $3.79 billion (Q1 2026) and $3.74 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Empire State Realty OP | 1.41 Bn | 1.75 Bn | 110.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.53 Bn |
| Jun 30, 2026 | 3.63 Bn |
| Mar 31, 2026 | 3.79 Bn |
| Dec 31, 2025 | 3.74 Bn |
| Sep 30, 2025 | 3.53 Bn |
| Jun 30, 2025 | 3.50 Bn |
| Mar 31, 2025 | 3.43 Bn |
| Dec 31, 2024 | 3.39 Bn |
| Sep 30, 2024 | 3.28 Bn |
| Jun 30, 2024 | 3.15 Bn |
| Mar 31, 2024 | 3.33 Bn |
| Dec 31, 2023 | 3.28 Bn |
| Sep 30, 2023 | 3.25 Bn |
| Jun 30, 2023 | 3.20 Bn |
| Mar 31, 2023 | 3.18 Bn |
| Dec 31, 2022 | 3.18 Bn |
| Sep 30, 2022 | 3.19 Bn |
| Jun 30, 2022 | 3.19 Bn |
| Mar 31, 2022 | 3.19 Bn |
| Dec 31, 2021 | 3.16 Bn |
API Access
Empire State Realty OP Buildings and Improvements API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=buildings-and-improvements&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "buildings-and-improvements", "ticker": "ESBA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=buildings-and-improvements&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();