Empire State Realty OP (ESBA) Operating Income (2012 - 2026)
Empire State Realty OP (ESBA) posted quarterly Operating Income of $29.5 million for Q1 2026, up 14.23% year-over-year from $25.8 million in Q1 2025, and down 16.8% quarter-over-quarter from $35.4 million in Q4 2025.
Empire State Realty OP (ESBA) Operating Income (2012 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported Operating Income for 15 consecutive years, with $29.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income rose 14.23% year-over-year to $29.5 million; the TTM figure through Mar 2026 stood at $139.3 million (down 9.2% YoY), while the FY2025 annual figure was $135.6 million, down 14.53% from the prior year.
- Operating Income eased to $29.5 million in Q1 2026 per ESBA's latest filing, from $35.4 million in the prior quarter.
- Across five years, Operating Income topped out at $46.5 million in Q2 2022 and bottomed at $6.0 million in Q1 2022.
- Historically, Operating Income has averaged $35.2 million across 5 years, with a median of $39.0 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Income plunged 67.04% — and 2023, when it soared 189.15%.
- Empire State Realty OP's Operating Income stood at $39.0 million in 2022, then climbed by 4.67% to $40.8 million in 2023, then climbed by 5.32% to $42.9 million in 2024, then dropped by 17.55% to $35.4 million in 2025, then retreated by 16.8% to $29.5 million in 2026.
- Business Quant data shows ESBA's Operating Income at $29.5 million in Q1 2026, $35.4 million in Q4 2025, and $39.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.21 Bn | 8.10 Bn | - | - |
| 2 | Cousins Properties | 4.83 Bn | 4.82 Bn | 183.86 Mn | -65.39 Mn |
| 3 | Kilroy Realty | 4.23 Bn | 4.23 Bn | 212.24 Mn | 5.22 Mn |
| 4 | Copt Defense Properties | 4.21 Bn | 4.21 Bn | 191.37 Mn | 57.21 Mn |
| 5 | Sl Green Realty | 4.09 Bn | 4.09 Bn | 263.98 Mn | 203.73 Mn |
| 6 | Highwoods Properties | 3.46 Bn | 3.12 Bn | - | - |
| 7 | Douglas Emmett | 1.97 Bn | 1.62 Bn | 178.95 Mn | -27.25 Mn |
| 8 | Empire State Realty OP | 1.26 Bn | 1.26 Bn | - | -138.71 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | -35.40 Mn |
| 10 | Easterly Government Properties | 1.14 Bn | 1.14 Bn | 72.41 Mn | 1.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -138.71 Mn |
| Mar 31, 2026 | 29.46 Mn |
| Dec 31, 2025 | 35.41 Mn |
| Sep 30, 2025 | 39.33 Mn |
| Jun 30, 2025 | 35.12 Mn |
| Mar 31, 2025 | 25.79 Mn |
| Dec 31, 2024 | 42.94 Mn |
| Sep 30, 2024 | 45.35 Mn |
| Jun 30, 2024 | 39.36 Mn |
| Mar 31, 2024 | 31.06 Mn |
| Dec 31, 2023 | 40.77 Mn |
| Sep 30, 2023 | 42.26 Mn |
| Jun 30, 2023 | 46.19 Mn |
| Mar 31, 2023 | 17.49 Mn |
| Dec 31, 2022 | 38.95 Mn |
| Sep 30, 2022 | 35.53 Mn |
| Jun 30, 2022 | 46.50 Mn |
| Mar 31, 2022 | 6.05 Mn |
| Dec 31, 2021 | 21.10 Mn |
| Sep 30, 2021 | 13.20 Mn |