Empire State Realty OP (ESBA) FCF Margin (2012 - 2026)
Empire State Realty OP's FCF Margin came in at -5.81% for Q2 2026, up 22.99 percentage points from -28.81% a year earlier but down 32.47 percentage points from the prior quarter.
Empire State Realty OP (ESBA) FCF Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Empire State Realty OP reported FCF Margin of 13.24%, up 5.12 percentage points year-over-year; for FY2025, it came in at 6.58%, down 4.88 percentage points from FY2024.
- FCF Margin carries a five-year change of +0.15 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 11.46% in FY2024 (-1.14 pp), 12.60% in FY2023 (+0.92 pp), 11.68% in FY2022 (-7.14 pp) and 18.82% in FY2021 (+12.39 pp).
- The five-year range for quarterly FCF Margin is -28.81% (Q2 2025) to 36.91% (Q3 2021).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +1.73 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q2 2026 (a gain of 22.99 percentage points), and the weakest in Q2 2025 (a drop of 25.43 percentage points).
- Business Quant data shows ESBA's FCF Margin at 26.65% (Q1 2026), -4.12% (Q4 2025) and 36.80% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 19.31% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 52.96% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 70.29% |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 65.90% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 26.29% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 63.45% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 66.74% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Empire State Realty OP | 1.08 Bn | 1.08 Bn | - | -5.81% |
Historic 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 | 27.77% |
| Jun 30, 2024 | -3.37% |
| Mar 31, 2024 | 9.89% |
| Dec 31, 2023 | -0.78% |
| Sep 30, 2023 | 33.90% |
| Jun 30, 2023 | -7.80% |
| Mar 31, 2023 | 27.10% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 31.48% |
| Jun 30, 2022 | -2.87% |
| Mar 31, 2022 | 19.96% |
| Dec 31, 2021 | 13.19% |
| Sep 30, 2021 | 36.91% |
Empire State Realty OP FCF 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=fcf-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();