Empire State Realty OP (ESBA) Net Margin (2012 - 2026)
Empire State Realty OP (ESBA) posted quarterly Net Margin of 1.02% for Q1 2026, down 716.0% year-over-year from 0.17% in Q1 2025, and down 93.46% quarter-over-quarter from 15.62% in Q4 2025.
Empire State Realty OP (ESBA) Net Margin (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported Net Margin for 15 consecutive years, with 1.02% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 716.0% year-over-year to 1.02%; the TTM figure through Mar 2026 stood at 7.19% (down 346.0% YoY), while the FY2025 annual figure was 8.95%, down 96.0% from the prior year.
- Net Margin retreated to 1.02% in Q1 2026 per ESBA's latest filing, from 15.62% in the prior quarter.
- Across five years, Net Margin topped out at 24.14% in Q2 2022 and bottomed at 11.1% in Q1 2022.
- Historically, Net Margin has averaged 8.72% across 5 years, with a median of 8.18% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin soared 2195 bps — and 2025, when it slumped 911 bps.
- Empire State Realty OP's Net Margin stood at 11.33% in 2022, then plunged by 32 bps to 7.66% in 2023, then increased by 17 bps to 8.98% in 2024, then jumped by 74 bps to 15.62% in 2025, then sank by 93 bps to 1.02% in 2026.
- Business Quant data shows ESBA's Net Margin at 1.02% in Q1 2026, 15.62% in Q4 2025, and 6.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | -11.12% |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | -38.46% |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 7.31% |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 23.53% |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | -10.04% |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 43.20% |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | -37.23% |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | -20.62% |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | -46.68% |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | -19.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.62% |
| Mar 31, 2026 | 1.02% |
| Dec 31, 2025 | 15.62% |
| Sep 30, 2025 | 6.37% |
| Jun 30, 2025 | 5.40% |
| Mar 31, 2025 | 8.18% |
| Dec 31, 2024 | 8.98% |
| Sep 30, 2024 | 10.89% |
| Jun 30, 2024 | 14.51% |
| Mar 31, 2024 | 5.06% |
| Dec 31, 2023 | 7.66% |
| Sep 30, 2023 | 9.80% |
| Jun 30, 2023 | 18.84% |
| Mar 31, 2023 | 6.49% |
| Dec 31, 2022 | 11.33% |
| Sep 30, 2022 | 4.96% |
| Jun 30, 2022 | 24.14% |
| Mar 31, 2022 | -11.10% |
| Dec 31, 2021 | -3.19% |
| Sep 30, 2021 | -6.81% |