Empire State Realty OP (ESBA) Operating Leases (2013 - 2026)
Empire State Realty OP (ESBA) posted quarterly Operating Leases of $27.9 million for Q1 2026, down 0.71% year-over-year from $28.1 million in Q1 2025, and little changed quarter-over-quarter from $27.9 million in Q4 2025.
Empire State Realty OP (ESBA) Operating Leases (2013 - 2026) Analysis & Trends
Empire State Realty OP (ESBA) has reported Operating Leases for 14 consecutive years, with $27.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases fell 0.71% year-over-year to $27.9 million; the TTM figure through Mar 2026 stood at $27.9 million (down 0.71% YoY), while the FY2025 annual figure was $27.9 million, down 0.9% from the prior year.
- Operating Leases was little changed at $27.9 million in Q1 2026 per ESBA's latest filing, from $27.9 million in the prior quarter.
- Across five years, Operating Leases topped out at $28.8 million in Q1 2022 and bottomed at $13.8 million in Q4 2023.
- Historically, Operating Leases has averaged $26.9 million across 5 years, with a median of $28.3 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Leases tumbled 52.04% — and 2024, when it soared 105.07%.
- Empire State Realty OP's Operating Leases stood at $28.7 million in 2022, then sank by 52.04% to $13.8 million in 2023, then jumped by 105.07% to $28.2 million in 2024, then declined by 0.9% to $27.9 million in 2025, then slipped by 0.16% to $27.9 million in 2026.
- Business Quant data shows ESBA's Operating Leases at $27.9 million in Q1 2026, $27.9 million in Q4 2025, and $28.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 8.90 Bn | 7.79 Bn | - |
| 2 | Cousins Properties | 4.85 Bn | 4.84 Bn | 183.86 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn |
| 4 | Copt Defense Properties | 4.19 Bn | 4.19 Bn | 191.37 Mn |
| 5 | Sl Green Realty | 4.14 Bn | 4.14 Bn | 263.98 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - |
| 7 | Douglas Emmett | 1.98 Bn | 1.63 Bn | 178.95 Mn |
| 8 | Empire State Realty OP | 1.26 Bn | 1.26 Bn | - |
| 9 | Piedmont Realty Trust | 1.21 Bn | 1.21 Bn | 88.14 Mn |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.43 Mn |
| Mar 31, 2026 | 27.90 Mn |
| Dec 31, 2025 | 27.94 Mn |
| Sep 30, 2025 | 28.01 Mn |
| Jun 30, 2025 | 28.10 Mn |
| Mar 31, 2025 | 28.10 Mn |
| Dec 31, 2024 | 28.20 Mn |
| Sep 30, 2024 | 28.30 Mn |
| Jun 30, 2024 | 28.30 Mn |
| Mar 31, 2024 | 28.38 Mn |
| Dec 31, 2023 | 13.75 Mn |
| Sep 30, 2023 | 28.50 Mn |
| Jun 30, 2023 | 28.60 Mn |
| Mar 31, 2023 | 28.60 Mn |
| Dec 31, 2022 | 28.67 Mn |
| Sep 30, 2022 | 18.90 Mn |
| Jun 30, 2022 | 28.80 Mn |
| Mar 31, 2022 | 28.80 Mn |
| Dec 31, 2021 | 24.94 Mn |
| Sep 30, 2021 | 28.90 Mn |