Empire State Realty OP (ESBA) FCF Margin (2012 - 2026)
Empire State Realty OP (ESBA) reported FCF Margin of 26.65% for Q1 2026, up 384.0% year-over-year from 5.51% in Q1 2025, and up 56.63% quarter-over-quarter from 17.02% in Q4 2025.
Empire State Realty OP (ESBA) FCF Margin (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has 15 years of FCF Margin data on file, last reported at 26.65% in Q1 2026.
- FCF Margin for Q1 2026 came in at 26.65%, up 384.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 33.23% (up 310.0% YoY), and the FY2025 annual result was 32.42%, down 156.0% from the prior year.
- FCF Margin improved to 26.65% in Q1 2026 per ESBA's latest filing, from 17.02% in the prior quarter.
- Over five years, FCF Margin peaked at 115.9% in Q3 2025 and troughed at 53.34% in Q4 2023.
- A 5-year average of 27.21% and a median of 26.65% in 2026 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin soared 15148 bps in 2024, then plunged 8112 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 20.51% in 2022, then tumbled by 360 bps to 53.34% in 2023, then soared by 284 bps to 98.14% in 2024, then tumbled by 83 bps to 17.02% in 2025, then surged by 57 bps to 26.65% in 2026.
- Business Quant data shows ESBA's FCF Margin at 26.65% in Q1 2026, 17.02% in Q4 2025, and 115.9% 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 | 9.03 Bn | 9.03 Bn | - | 8.79% |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | -7.30% |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 184.45% |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | -6.95% |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 44.94% |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 48.05% |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 25.99% |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 26.65% |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | -7.10% |
| 10 | Easterly Government Properties | 1.12 Bn | 1.17 Bn | 71.01 Mn | 29.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.65% |
| Dec 31, 2025 | 17.02% |
| Sep 30, 2025 | 115.90% |
| Jun 30, 2025 | -28.81% |
| Mar 31, 2025 | 22.82% |
| Dec 31, 2024 | 98.14% |
| Sep 30, 2024 | 27.77% |
| Jun 30, 2024 | -31.33% |
| Mar 31, 2024 | 39.14% |
| Dec 31, 2023 | -53.34% |
| Sep 30, 2023 | 86.83% |
| Jun 30, 2023 | -29.71% |
| Mar 31, 2023 | 52.45% |
| Dec 31, 2022 | 20.51% |
| Sep 30, 2022 | 49.16% |
| Jun 30, 2022 | 8.07% |
| Mar 31, 2022 | 41.25% |
| Dec 31, 2021 | 72.36% |
| Sep 30, 2021 | 7.68% |
| Jun 30, 2021 | 20.17% |