Empire State Realty OP (ESBA) Operating Margin (2012 - 2026)
Empire State Realty OP (ESBA) posted Operating Margin of -70.45% for Q2 2026, down 88.81 percentage points from 18.36% a year earlier and down 85.93 percentage points from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) Operating Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Empire State Realty OP was -4.40%, down 23.82 percentage points year-over-year; for FY2025, it was 17.66%, down 3.01 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +8.03 percentage points (FY2020 to FY2025).
- In prior years, Empire State Realty OP's Operating Margin was 20.67% in FY2024 (+0.83 pp), 19.84% in FY2023 (+2.36 pp), 17.47% in FY2022 (+4.79 pp) and 12.68% in FY2021 (+3.05 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin in data going back to Q3 2012.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -12.30 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2022, with a gain of 11.34 percentage points; the weakest was Q2 2026, with a drop of 88.81 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 15.48% (Q1 2026), 17.77% (Q4 2025) and 19.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 51.59% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 49.72% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 37.85% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Empire State Realty OP | 1.08 Bn | 1.08 Bn | - | -70.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -70.45% |
| Mar 31, 2026 | 15.48% |
| Dec 31, 2025 | 17.77% |
| Sep 30, 2025 | 19.89% |
| Jun 30, 2025 | 18.36% |
| Mar 31, 2025 | 14.32% |
| Dec 31, 2024 | 21.73% |
| Sep 30, 2024 | 22.72% |
| Jun 30, 2024 | 20.77% |
| Mar 31, 2024 | 17.14% |
| Dec 31, 2023 | 21.14% |
| Sep 30, 2023 | 22.06% |
| Jun 30, 2023 | 24.24% |
| Mar 31, 2023 | 10.62% |
| Dec 31, 2022 | 21.49% |
| Sep 30, 2022 | 19.34% |
| Jun 30, 2022 | 23.48% |
| Mar 31, 2022 | 3.69% |
| Dec 31, 2021 | 13.16% |
| Sep 30, 2021 | 8.00% |
API Access
Empire State Realty OP Operating 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=operating-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();