Empire State Realty OP (ESBA) EBITDA Margin (2012 - 2026)
Empire State Realty OP (ESBA) recorded EBITDA Margin of 43.48% in Q3 2026, down 1.45 percentage points from 44.94% a year earlier but up 87.58 percentage points from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) EBITDA Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Empire State Realty OP's EBITDA Margin came in at 21.64% as of Sep 30, 2026, down 23.01 percentage points year-over-year; for FY2025, it came in at 44.56%, down 1.58 percentage points from FY2024.
- Annual EBITDA Margin has declined for three straight years, though with a five-year change of +1.43 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 46.14% in FY2024 (-0.93 pp), 47.07% in FY2023 (-2.24 pp), 49.31% in FY2022 (+1.61 pp) and 47.70% in FY2021 (+4.57 pp).
- Quarterly EBITDA Margin has ranged from -44.10% in Q2 2026 to 54.59% in Q1 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in 1 of the last eight quarters, with an average year-over-year change of -12.25 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 9.00 percentage points in Q1 2022, against a drop of 88.46 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -44.10% (Q2 2026), 43.43% (Q1 2026) and 44.65% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 33.24% |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 67.08% |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 72.48% |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 53.64% |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 88.61% |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 63.97% |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 27.57% |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 24.42% |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 66.44% |
| 10 | Empire State Realty OP | 1.41 Bn | 1.75 Bn | 110.85 Mn | 43.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 43.48% |
| Jun 30, 2026 | -44.10% |
| Mar 31, 2026 | 43.43% |
| Dec 31, 2025 | 44.65% |
| Sep 30, 2025 | 44.94% |
| Jun 30, 2025 | 44.36% |
| Mar 31, 2025 | 43.06% |
| Dec 31, 2024 | 46.11% |
| Sep 30, 2024 | 46.51% |
| Jun 30, 2024 | 46.64% |
| Mar 31, 2024 | 44.01% |
| Dec 31, 2023 | 48.29% |
| Sep 30, 2023 | 47.27% |
| Jun 30, 2023 | 49.47% |
| Mar 31, 2023 | 41.21% |
| Dec 31, 2022 | 47.64% |
| Sep 30, 2022 | 45.95% |
| Jun 30, 2022 | 54.44% |
| Mar 31, 2022 | 54.59% |
| Dec 31, 2021 | 44.12% |
API Access
Empire State Realty OP EBITDA Margin 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=ebitda-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();