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Empire State Realty OP (ESBA) Operating Expenses (2016 - 2025)

Empire State Realty OP (ESBA) has disclosed Operating Expenses for 12 consecutive years, with -$284.1 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 3.16% to -$284.1 million in Q4 2025 year-over-year; TTM through Dec 2025 was $184.7 million, a 3.09% increase, with the full-year FY2025 number at $184.7 million, up 3.09% from a year prior.
  • Operating Expenses was -$284.1 million for Q4 2025 at Empire State Realty OP, down from $158.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $481.1 million in Q4 2022 to a low of -$284.1 million in Q4 2025.
  • A 5-year average of $98.8 million and a median of $147.7 million in 2022 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 651.6% in 2021, then crashed 343.11% in 2024.
  • Empire State Realty OP's Operating Expenses stood at $452.5 million in 2021, then grew by 6.32% to $481.1 million in 2022, then plummeted by 112.92% to -$62.1 million in 2023, then plummeted by 343.11% to -$275.4 million in 2024, then fell by 3.16% to -$284.1 million in 2025.
  • Per Business Quant, the three most recent readings for ESBA's Operating Expenses are -$284.1 million (Q4 2025), $158.4 million (Q3 2025), and $156.1 million (Q2 2025).