Empire State Realty OP (ESBA) FCF Margin (2012 - 2026)
Empire State Realty OP (ESBA) posted quarterly FCF Margin of 26.65% for Q1 2026, up 384.0% year-over-year from 5.51% in Q1 2025, and up 747.27% quarter-over-quarter from 4.12% in Q4 2025.
Empire State Realty OP (ESBA) FCF Margin (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported FCF Margin for 15 consecutive years, with 26.65% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 384.0% year-over-year to 26.65%; the TTM figure through Mar 2026 stood at 7.73% (down 676.0% YoY), while the FY2025 annual figure was 6.58%, down 488.0% from the prior year.
- FCF Margin advanced to 26.65% in Q1 2026 per ESBA's latest filing, from 4.12% in the prior quarter.
- Across five years, FCF Margin topped out at 86.83% in Q3 2023 and bottomed at 28.81% in Q2 2025.
- Historically, FCF Margin has averaged 20.45% across 5 years, with a median of 22.82% in 2025.
- Annual changes were most pronounced in 2024 — FCF Margin sank 10741 bps — and 2025, when it surged 5738 bps.
- Empire State Realty OP's FCF Margin stood at 69.64% in 2022, then tumbled by 73 bps to 18.89% in 2023, then sank by 44 bps to 10.64% in 2024, then plunged by 139 bps to 4.12% in 2025, then surged by 747 bps to 26.65% in 2026.
- Business Quant data shows ESBA's FCF Margin at 26.65% in Q1 2026, 4.12% in Q4 2025, and 36.8% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | -10.01% |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 58.29% |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | - |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 22.29% |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 33.35% |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | - |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | -41.53% |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | -5.81% |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 21.35% |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | 48.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -5.81% |
| Mar 31, 2026 | 26.65% |
| Dec 31, 2025 | -4.12% |
| Sep 30, 2025 | 36.80% |
| Jun 30, 2025 | -28.81% |
| Mar 31, 2025 | 22.82% |
| Dec 31, 2024 | 10.64% |
| Sep 30, 2024 | -20.58% |
| Jun 30, 2024 | 47.54% |
| Mar 31, 2024 | 9.89% |
| Dec 31, 2023 | 18.89% |
| Sep 30, 2023 | 86.83% |
| Jun 30, 2023 | -7.80% |
| Mar 31, 2023 | 27.10% |
| Dec 31, 2022 | 69.64% |
| Sep 30, 2022 | 31.48% |
| Jun 30, 2022 | -20.50% |
| Mar 31, 2022 | 41.25% |
| Dec 31, 2021 | 13.19% |
| Sep 30, 2021 | 36.91% |