Empire State Realty OP (ESBA) Free Cash Flow (2012 - 2026)

Empire State Realty OP (ESBA) reported 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 49.64% quarter-over-quarter from $33.9 million in Q4 2025.

Empire State Realty OP (ESBA) Free Cash Flow (2012 - 2026) Analysis & Trends

Empire State Realty OP (ESBA) has 15 years of Free Cash Flow data on file, last reported at $50.7 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $50.7 million, up 23.47% year-over-year; the trailing twelve-month figure through Mar 2026 was $258.7 million (up 11.96% YoY), and the FY2025 annual result was $249.1 million, down 4.53% from the prior year.
  • Free Cash Flow improved to $50.7 million in Q1 2026 per ESBA's latest filing, from $33.9 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $229.2 million in Q3 2025 and troughed at -$102.9 million in Q4 2023.
  • A 5-year average of $50.9 million and a median of $50.7 million in 2026 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow jumped 612.37% in 2022, then plunged 454.15% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $37.2 million in 2022, then plunged by 376.69% to -$102.9 million in 2023, then jumped by 288.48% to $193.9 million in 2024, then slumped by 82.52% to $33.9 million in 2025, then jumped by 49.64% to $50.7 million in 2026.
  • Business Quant data shows ESBA's Free Cash Flow at $50.7 million in Q1 2026, $33.9 million in Q4 2025, and $229.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - 58.99 Mn
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn -19.20 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 8.90 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn -17.59 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 90.18 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn - 97.71 Mn
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn 65.23 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 50.72 Mn
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn -10.17 Mn
10 Easterly Government Properties 1.12 Bn 1.17 Bn 71.01 Mn 27.34 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 50.72 Mn
Mar 31, 2026 50.72 Mn
Dec 31, 2025 33.90 Mn
Dec 31, 2025 33.90 Mn
Sep 30, 2025 229.16 Mn
Sep 30, 2025 229.16 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 193.92 Mn
Dec 31, 2024 193.92 Mn
Sep 30, 2024 55.43 Mn
Sep 30, 2024 55.43 Mn
Jun 30, 2024 -59.38 Mn
Jun 30, 2024 -59.38 Mn
Mar 31, 2024 70.92 Mn
Mar 31, 2024 70.92 Mn
Dec 31, 2023 -102.89 Mn
Dec 31, 2023 -102.89 Mn