Empire State Realty Trust (ESRT) Operating Leases (2013 - 2026)
Empire State Realty Trust (ESRT) reported Operating Leases of $27.9 million for Q1 2026, up 52.41% on a YoY basis from $18.3 million in Q1 2025, and down 29.84% sequentially from $39.8 million in Q4 2025.
Empire State Realty Trust (ESRT) Operating Leases (2013 - 2026) Analysis & Trends
Empire State Realty Trust (ESRT) has 14 years of Operating Leases data on file, last reported at $27.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 52.41% year-over-year to $27.9 million; the trailing twelve-month figure through Mar 2026 stood at $27.9 million (up 52.41% YoY), and the FY2025 full-year result was $39.8 million, up 41.02% from the prior year.
- Operating Leases declined to $27.9 million in Q1 2026, from $39.8 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $39.8 million in Q4 2025 to a low of $15.3 million in Q2 2023.
- A 5-year average of $25.5 million and a median of $28.1 million in 2025 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases soared 85.21% in 2024 and sank 35.49% in 2025, its largest moves.
- Tracing ESRT's Operating Leases over 5 years: stood at $28.7 million in 2022, then retreated by 0.81% to $28.4 million in 2023, then dropped by 0.84% to $28.2 million in 2024, then soared by 41.02% to $39.8 million in 2025, then decreased by 29.84% to $27.9 million in 2026.
- Business Quant data shows ESRT's Operating Leases at $27.9 million in Q1 2026, $39.8 million in Q4 2025, and $28.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.90 Mn |
| Dec 31, 2025 | 39.77 Mn |
| Sep 30, 2025 | 28.01 Mn |
| Jun 30, 2025 | 28.07 Mn |
| Mar 31, 2025 | 18.31 Mn |
| Dec 31, 2024 | 28.20 Mn |
| Sep 30, 2024 | 28.26 Mn |
| Jun 30, 2024 | 28.30 Mn |
| Mar 31, 2024 | 28.38 Mn |
| Dec 31, 2023 | 28.44 Mn |
| Sep 30, 2023 | 28.50 Mn |
| Jun 30, 2023 | 15.28 Mn |
| Mar 31, 2023 | 16.58 Mn |
| Dec 31, 2022 | 28.67 Mn |
| Sep 30, 2022 | 18.90 Mn |
| Jun 30, 2022 | 20.18 Mn |
| Mar 31, 2022 | 22.46 Mn |
| Dec 31, 2021 | 28.89 Mn |
| Sep 30, 2021 | 23.51 Mn |
| Jun 30, 2021 | 29.00 Mn |