Empire State Realty Trust (ESRT) Operating Income (2012 - 2026)

Empire State Realty Trust (ESRT) reported Operating Income of $29.5 million for Q1 2026, up 14.23% on a YoY basis from $25.8 million in Q1 2025, and down 16.8% sequentially from $35.4 million in Q4 2025.

Empire State Realty Trust (ESRT) Operating Income (2012 - 2026) Analysis & Trends

Empire State Realty Trust (ESRT) has 15 years of Operating Income data on file, last reported at $29.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income rose 14.23% year-over-year to $29.5 million; the trailing twelve-month figure through Mar 2026 stood at $139.3 million (down 9.2% YoY), and the FY2025 full-year result was $135.6 million, down 14.53% from the prior year.
  • Operating Income eased to $29.5 million in Q1 2026, from $35.4 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $46.5 million in Q2 2022 to a low of $6.0 million in Q1 2022.
  • A 5-year average of $35.2 million and a median of $39.0 million in 2022 frame the typical range for Operating Income.
  • Across the five-year window, Operating Income slumped 67.04% in 2022 and jumped 189.15% in 2023, its largest moves.
  • Tracing ESRT's Operating Income over 5 years: stood at $39.0 million in 2022, then rose by 4.67% to $40.8 million in 2023, then rose by 5.32% to $42.9 million in 2024, then retreated by 17.55% to $35.4 million in 2025, then dropped by 16.8% to $29.5 million in 2026.
  • Business Quant data shows ESRT's Operating Income at $29.5 million in Q1 2026, $35.4 million in Q4 2025, and $39.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 996.08 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 179.72 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - -
4 American Assets Trust 1.47 Bn 1.41 Bn - 23.22 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 25.55 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 29.46 Mn
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 60.92 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 10.29 Mn
10 Gladstone Commercial 618.64 Mn 788.68 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 29.46 Mn
Dec 31, 2025 35.41 Mn
Sep 30, 2025 39.33 Mn
Jun 30, 2025 35.12 Mn
Mar 31, 2025 25.79 Mn
Dec 31, 2024 42.94 Mn
Sep 30, 2024 45.35 Mn
Jun 30, 2024 39.36 Mn
Mar 31, 2024 31.06 Mn
Dec 31, 2023 40.77 Mn
Sep 30, 2023 42.26 Mn
Jun 30, 2023 46.19 Mn
Mar 31, 2023 17.49 Mn
Dec 31, 2022 38.95 Mn
Sep 30, 2022 35.53 Mn
Jun 30, 2022 46.50 Mn
Mar 31, 2022 6.05 Mn
Dec 31, 2021 21.10 Mn
Sep 30, 2021 13.20 Mn
Jun 30, 2021 26.48 Mn