Empire State Realty OP (ESBA) Tax Rate (2014 - 2025)
Empire State Realty OP (ESBA) reported Tax Rate of 1.90% for Q2 2026, down 2.13 percentage points from 4.03% a year earlier but up 56.84 percentage points from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) Tax Rate (2014 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Empire State Realty OP's Tax Rate came in at 8.59%, up 5.15 percentage points year-over-year; for FY2025, it was 3.39%, up 0.15 percentage points from FY2024.
- Tax Rate has increased for three consecutive years, though with a five-year change of -19.96 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 3.24% in FY2024 (+0.12 pp), 3.12% in FY2023 (+0.73 pp), 2.39% in FY2022 (-9.35 pp) and 11.74% in FY2021 (-11.61 pp).
- Five-year quarterly Tax Rate spans a low of -60.58% in Q4 2021 and a high of 12.59% in Q3 2022.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of -6.45 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 66.35 percentage points); the low point was Q4 2021 (a drop of 181.06 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -54.94% (Q1 2026), 3.17% (Q4 2025) and 10.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | - |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 8.78% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 6.51% |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 0.54% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 4.45% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | 0.34% |
| 10 | Empire State Realty OP | 1.08 Bn | 1.08 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.17% |
| Sep 30, 2025 | 10.76% |
| Jun 30, 2025 | 4.03% |
| Dec 31, 2024 | 5.77% |
| Sep 30, 2024 | 5.95% |
| Jun 30, 2024 | 2.56% |
| Dec 31, 2023 | 10.17% |
| Sep 30, 2023 | 6.60% |
| Jun 30, 2023 | 1.94% |
| Dec 31, 2022 | 5.76% |
| Sep 30, 2022 | 12.59% |
| Jun 30, 2022 | 0.74% |
| Dec 31, 2019 | 4.04% |
| Sep 30, 2019 | 4.76% |
| Jun 30, 2019 | 3.13% |
| Dec 31, 2018 | 3.19% |
| Sep 30, 2018 | 6.81% |
| Jun 30, 2018 | 4.60% |
| Dec 31, 2017 | 6.76% |
| Sep 30, 2017 | 5.95% |
API Access
Empire State Realty OP Tax Rate 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=tax-rate&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();