Empire State Realty OP (ESBA) Net Cash Flow (2012 - 2026)
Empire State Realty OP (ESBA) posted quarterly Net Cash Flow of -$60.4 million for Q1 2026, up 68.54% year-over-year from -$35.8 million in Q1 2025, and down 93.21% quarter-over-quarter from -$31.2 million in Q4 2025.
Empire State Realty OP (ESBA) Net Cash Flow (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported Net Cash Flow for 15 consecutive years, with -$60.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Cash Flow rose 68.54% year-over-year to -$60.4 million; the TTM figure through Mar 2026 stood at -$131.3 million (up 11.25% YoY), while the FY2025 annual figure was -$262.8 million, down 1276.01% from the prior year.
- Net Cash Flow fell to -$60.4 million in Q1 2026 per ESBA's latest filing, from -$31.2 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $191.2 million in Q2 2024 and bottomed at -$191.9 million in Q1 2025.
- Historically, Net Cash Flow has averaged -$21.7 million across 5 years, with a median of -$21.6 million in 2024.
- Annual changes were most pronounced in 2024 — Net Cash Flow soared 1176.87% — and 2025, when it slumped 786.53%.
- Empire State Realty OP's Net Cash Flow stood at -$125.1 million in 2022, then jumped by 88.81% to -$14.0 million in 2023, then tumbled by 190.18% to -$40.6 million in 2024, then climbed by 23.08% to -$31.2 million in 2025, then tumbled by 93.21% to -$60.4 million in 2026.
- Business Quant data shows ESBA's Net Cash Flow at -$60.4 million in Q1 2026, -$31.2 million in Q4 2025, and $61.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 8.95 Bn | 7.85 Bn | - | 52.19 Mn |
| 2 | Cousins Properties | 4.83 Bn | 4.82 Bn | 183.86 Mn | 403,000.00 |
| 3 | Kilroy Realty | 4.24 Bn | 4.24 Bn | 212.24 Mn | - |
| 4 | Copt Defense Properties | 4.21 Bn | 4.21 Bn | 191.37 Mn | -6.22 Mn |
| 5 | Sl Green Realty | 4.10 Bn | 4.10 Bn | 263.98 Mn | 43.11 Mn |
| 6 | Highwoods Properties | 3.46 Bn | 3.11 Bn | - | - |
| 7 | Douglas Emmett | 1.97 Bn | 1.62 Bn | 178.95 Mn | -2.29 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 22.07 Mn |
| 9 | Piedmont Realty Trust | 1.21 Bn | 1.21 Bn | 88.14 Mn | 15.41 Mn |
| 10 | Easterly Government Properties | 1.14 Bn | 1.14 Bn | 72.41 Mn | 975,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.07 Mn |
| Jun 30, 2026 | 22.07 Mn |
| Mar 31, 2026 | -60.37 Mn |
| Mar 31, 2026 | -60.37 Mn |
| Dec 31, 2025 | -31.24 Mn |
| Dec 31, 2025 | -31.24 Mn |
| Sep 30, 2025 | 61.03 Mn |
| Sep 30, 2025 | 61.03 Mn |
| Jun 30, 2025 | -100.69 Mn |
| Jun 30, 2025 | -100.69 Mn |
| Mar 31, 2025 | -191.89 Mn |
| Mar 31, 2025 | -191.89 Mn |
| Dec 31, 2024 | -40.62 Mn |
| Dec 31, 2024 | -40.62 Mn |
| Sep 30, 2024 | -106.63 Mn |
| Sep 30, 2024 | -106.63 Mn |
| Jun 30, 2024 | 191.24 Mn |
| Jun 30, 2024 | 191.24 Mn |
| Mar 31, 2024 | -21.65 Mn |
| Mar 31, 2024 | -21.65 Mn |