Empire State Realty OP (ESBA) EV to FCF (2015 - 2026)
Empire State Realty OP's (ESBA) EV to FCF stood at 13.55 in Q2 2026, down 57.8% from 32.12 a year earlier and down 36.6% from the prior quarter.
Empire State Realty OP (ESBA) EV to FCF (2015 - 2026) Analysis & Trends
On a TTM basis, Empire State Realty OP's EV to FCF came in at 10.13 as of Jun 30, 2026, down 37.4% year-over-year; for FY2025, it was 30.64, up 16.7% from FY2024.
- Annual EV to FCF has increased for four straight years.
- Across earlier years, EV to FCF came in at 26.25 in FY2024 (+14.9%), 22.84 in FY2023 (+30.3%), 17.52 in FY2022 (+1.0%) and 17.34 in FY2021 (-67.1%).
- The Q2 2026 figure is the lowest quarterly EV to FCF since Q3 2022.
- On a year-over-year basis, EV to FCF rose in five of the last eight quarters, with growth averaging 4.6%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 132.7% in Q1 2024, against a decline of 67.1% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.36 (Q1 2026), 30.64 (Q4 2025) and 22.97 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - |
| 10 | Empire State Realty OP | 1.08 Bn | 1.08 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.55 |
| Mar 31, 2026 | 21.36 |
| Dec 31, 2025 | 30.64 |
| Sep 30, 2025 | 22.97 |
| Jun 30, 2025 | 32.12 |
| Mar 31, 2025 | 16.96 |
| Dec 31, 2024 | 26.25 |
| Sep 30, 2024 | 36.35 |
| Jun 30, 2024 | 25.06 |
| Mar 31, 2024 | 34.66 |
| Dec 31, 2023 | 22.84 |
| Sep 30, 2023 | 18.46 |
| Jun 30, 2023 | 18.46 |
| Mar 31, 2023 | 14.89 |
| Dec 31, 2022 | 17.52 |
| Sep 30, 2022 | 12.40 |
| Jun 30, 2022 | 14.28 |
| Mar 31, 2022 | 23.08 |
| Dec 31, 2021 | 17.34 |
| Sep 30, 2021 | 26.31 |
Empire State Realty OP EV to FCF 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=ev-to-fcf&ticker=ESBA&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();