Empire State Realty OP (ESBA) Net Margin (2012 - 2026)
Empire State Realty OP (ESBA) recorded Net Margin of -20.62% in Q2 2026, down 26.03 percentage points from 5.40% a year earlier and down 21.64 percentage points from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) Net Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Empire State Realty OP's Net Margin came in at 0.64% as of Jun 30, 2026, down 7.75 percentage points year-over-year; for FY2025, it came in at 8.95%, down 0.96 percentage points from FY2024.
- Annual Net Margin has a five-year change of +13.40 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 9.92% in FY2024 (-0.92 pp), 10.84% in FY2023 (+2.69 pp), 8.15% in FY2022 (+10.91 pp) and -2.76% in FY2021 (+1.69 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin in data going back to Q3 2012.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of -4.33 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 21.95 percentage points in Q2 2022, against a drop of 26.03 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.02% (Q1 2026), 15.62% (Q4 2025) and 6.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 171.10 Bn | 153.62 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 117.94 Bn | 117.38 Bn | - | 43.74% |
| 3 | Simon Property | 72.61 Bn | 69.67 Bn | - | 27.29% |
| 4 | Public Storage | 54.41 Bn | 53.50 Bn | - | 36.52% |
| 5 | Realty Income | 53.83 Bn | 54.44 Bn | - | 22.22% |
| 6 | Ventas | 44.52 Bn | 43.72 Bn | - | 4.08% |
| 7 | Extra Space Storage | 30.30 Bn | 30.09 Bn | 642.43 Mn | 30.14% |
| 8 | Vici Properties | 26.15 Bn | 24.27 Bn | 1.05 Bn | 49.74% |
| 9 | Vivmark Residential | 23.62 Bn | 23.59 Bn | - | - |
| 10 | Empire State Realty OP | 1.28 Bn | 838.99 Mn | - | -20.62% |
Historic Data
Download Data
Historic 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% |
API Access
Empire State Realty OP Net 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=net-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();