Empire State Realty Trust (ESRT) Net Margin (2012 - 2026)
Empire State Realty Trust's (ESRT) quarterly Net Margin came in at 0.65% in Q1 2026, down 447.0% year-on-year from 0.19% in Q1 2025, and down 93.43% quarter-over-quarter from 9.88% in Q4 2025.
Empire State Realty Trust (ESRT) Net Margin (2012 - 2026) Analysis & Trends
Empire State Realty Trust has disclosed Net Margin across 15 years of filings, most recently posting 0.65% for Q1 2026.
- Net Margin for Q1 2026 came in at 0.65%, down 447.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.55% (down 210.0% YoY), and the FY2025 annual result was 5.65%, down 53.0% from the prior year.
- Net Margin came in at 0.65% for Q1 2026 at Empire State Realty Trust, down from 9.88% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 14.94% in Q2 2022 to a low of 6.88% in Q1 2022.
- The 5-year median for Net Margin is 5.12% (2025), against an average of 5.4%.
- Across the five-year window, Net Margin jumped 1358 bps in 2022 and plunged 560 bps in 2025, its largest moves.
- Empire State Realty Trust's Net Margin stood at 6.95% in 2022, then slumped by 32 bps to 4.72% in 2023, then gained by 20 bps to 5.65% in 2024, then soared by 75 bps to 9.88% in 2025, then slumped by 93 bps to 0.65% in 2026.
- The last three Net Margin figures came in at 0.65% (Q1 2026), 9.88% (Q4 2025), and 4.04% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 86.98% |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 2.86% |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 26.04% |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 0.65% |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | -14.65% |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 10.51% |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | 9.15% |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | -49.79% |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.65% |
| Dec 31, 2025 | 9.88% |
| Sep 30, 2025 | 4.04% |
| Jun 30, 2025 | 3.41% |
| Mar 31, 2025 | 5.12% |
| Dec 31, 2024 | 5.65% |
| Sep 30, 2024 | 6.78% |
| Jun 30, 2024 | 9.01% |
| Mar 31, 2024 | 3.12% |
| Dec 31, 2023 | 4.72% |
| Sep 30, 2023 | 6.04% |
| Jun 30, 2023 | 11.47% |
| Mar 31, 2023 | 3.96% |
| Dec 31, 2022 | 6.95% |
| Sep 30, 2022 | 3.02% |
| Jun 30, 2022 | 14.94% |
| Mar 31, 2022 | -6.88% |
| Dec 31, 2021 | -1.99% |
| Sep 30, 2021 | -4.23% |
| Jun 30, 2021 | 1.35% |