Empire State Realty Trust (ESRT) Operating Income (2012 - 2026)
Empire State Realty Trust's (ESRT) quarterly Operating Income came in at $29.5 million in Q1 2026, up 14.23% year-on-year from $25.8 million in Q1 2025, and down 16.8% quarter-over-quarter from $35.4 million in Q4 2025.
Empire State Realty Trust (ESRT) Operating Income (2012 - 2026) Analysis & Trends
Empire State Realty Trust has disclosed Operating Income across 15 years of filings, most recently posting $29.5 million for Q1 2026.
- Operating Income for Q1 2026 came in at $29.5 million, up 14.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $139.3 million (down 9.2% YoY), and the FY2025 annual result was $135.6 million, down 14.53% from the prior year.
- Operating Income came in at $29.5 million for Q1 2026 at Empire State Realty Trust, down 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.
- The 5-year median for Operating Income is $39.0 million (2022), against an average of $35.2 million.
- Across the five-year window, Operating Income plunged 67.04% in 2022 and jumped 189.15% in 2023, its largest moves.
- Empire State Realty Trust's Operating Income stood at $39.0 million in 2022, then gained by 4.67% to $40.8 million in 2023, then gained by 5.32% to $42.9 million in 2024, then decreased by 17.55% to $35.4 million in 2025, then declined by 16.8% to $29.5 million in 2026.
- The last three Operating Income figures came in at $29.5 million (Q1 2026), $35.4 million (Q4 2025), and $39.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 995.11 Mn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 23.22 Mn |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 25.55 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 29.46 Mn |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 10.29 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | 11.63 Mn |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | 13.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |