Empire State Realty OP (ESBA) Tax Rate (2014 - 2026)
Empire State Realty OP (ESBA) reported Tax Rate of 24.13% for Q3 2026, up 13.37 percentage points from 10.76% a year earlier.
Empire State Realty OP (ESBA) Tax Rate (2014 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Empire State Realty OP's Tax Rate came in at 42.18%, up 37.91 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, with a three-year change of +1.00 percentage points (FY2022 to FY2025).
- By year, Tax Rate came in at 3.24% in FY2024 (+0.12 pp), 3.12% in FY2023 (+0.73 pp) and 2.39% in FY2022.
- The Q3 2026 figure ranks as the highest quarterly Tax Rate in data going back to Q2 2014.
- Year over year, Tax Rate gained in three of the last five quarters, with an average year-over-year change of +2.53 percentage points.
- The high point for year-over-year Tax Rate in five years was Q3 2026 (a gain of 13.37 percentage points); the low point was Q3 2023 (a drop of 5.98 percentage points).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 2.11% |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 10.02% |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | - |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 5.17% |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | - |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | - |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 4.50% |
| 10 | Empire State Realty OP | 1.41 Bn | 1.75 Bn | 110.85 Mn | 24.13% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.13% |
| 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% |
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_KEY
import 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();