Empire State Realty OP (ESBA) Free Cash Flow (2012 - 2026)
Empire State Realty OP (ESBA) posted quarterly Free Cash Flow of $50.7 million for Q1 2026, up 23.47% year-over-year from $41.1 million in Q1 2025, and up 718.36% quarter-over-quarter from -$8.2 million in Q4 2025.
Empire State Realty OP (ESBA) Free Cash Flow (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported Free Cash Flow for 15 consecutive years, with $50.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 23.47% year-over-year to $50.7 million; the TTM figure through Mar 2026 stood at $60.2 million (down 45.84% YoY), while the FY2025 annual figure was $50.6 million, down 42.54% from the prior year.
- Free Cash Flow advanced to $50.7 million in Q1 2026 per ESBA's latest filing, from -$8.2 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $166.3 million in Q3 2023 and bottomed at -$55.1 million in Q2 2025.
- Historically, Free Cash Flow has averaged $37.2 million across 5 years, with a median of $41.1 million in 2025.
- Annual changes were most pronounced in 2024 — Free Cash Flow surged 706.14% — and 2025, when it plunged 161.13%.
- Empire State Realty OP's Free Cash Flow stood at $126.2 million in 2022, then tumbled by 71.14% to $36.4 million in 2023, then tumbled by 42.3% to $21.0 million in 2024, then plunged by 139.02% to -$8.2 million in 2025, then soared by 718.36% to $50.7 million in 2026.
- Business Quant data shows ESBA's Free Cash Flow at $50.7 million in Q1 2026, -$8.2 million in Q4 2025, and $72.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.12 Bn | 8.01 Bn | - | -66.35 Mn |
| 2 | Cousins Properties | 4.87 Bn | 4.87 Bn | 183.86 Mn | 156.53 Mn |
| 3 | Kilroy Realty | 4.25 Bn | 4.25 Bn | 212.24 Mn | - |
| 4 | Copt Defense Properties | 4.20 Bn | 4.20 Bn | 191.37 Mn | 44.00 Mn |
| 5 | Sl Green Realty | 4.07 Bn | 4.07 Bn | 263.98 Mn | 88.03 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | - |
| 7 | Douglas Emmett | 1.98 Bn | 1.62 Bn | 178.95 Mn | -106.55 Mn |
| 8 | Empire State Realty OP | 1.26 Bn | 1.26 Bn | - | -11.45 Mn |
| 9 | Piedmont Realty Trust | 1.21 Bn | 1.21 Bn | 88.14 Mn | 30.78 Mn |
| 10 | Easterly Government Properties | 1.14 Bn | 1.14 Bn | 72.41 Mn | 44.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -11.45 Mn |
| Jun 30, 2026 | -11.45 Mn |
| Mar 31, 2026 | 50.72 Mn |
| Mar 31, 2026 | 50.72 Mn |
| Dec 31, 2025 | -8.20 Mn |
| Dec 31, 2025 | -8.20 Mn |
| Sep 30, 2025 | 72.77 Mn |
| Sep 30, 2025 | 72.77 Mn |
| Jun 30, 2025 | -55.09 Mn |
| Jun 30, 2025 | -55.09 Mn |
| Mar 31, 2025 | 41.08 Mn |
| Mar 31, 2025 | 41.08 Mn |
| Dec 31, 2024 | 21.02 Mn |
| Dec 31, 2024 | 21.02 Mn |
| Sep 30, 2024 | -41.08 Mn |
| Sep 30, 2024 | -41.08 Mn |
| Jun 30, 2024 | 90.12 Mn |
| Jun 30, 2024 | 90.12 Mn |
| Mar 31, 2024 | 17.93 Mn |
| Mar 31, 2024 | 17.93 Mn |