Empire State Realty Trust (ESRT) Operating Leases (2013 - 2026)
Empire State Realty Trust (ESRT) posted Operating Leases of $27.9 million for Q1 2026, down 29.84% sequentially from $39.8 million in Q4 2025, and up 52.41% YoY from $18.3 million in Q1 2025.
Empire State Realty Trust (ESRT) Operating Leases (2013 - 2026) Analysis & Trends
Empire State Realty Trust has reported Operating Leases for 14 years, with the latest figure at $27.9 million in Q1 2026.
- Quarterly Operating Leases rose 52.41% year-over-year to $27.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.9 million (up 52.41% YoY) and the FY2025 annual result came in at $39.8 million, up 41.02% from the prior year.
- Operating Leases declined to $27.9 million in Q1 2026 per ESRT's latest filing, from $39.8 million in the prior quarter.
- Over five years, Operating Leases peaked at $39.8 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2024 and 2025: Operating Leases surged 85.21% in 2024, then tumbled 35.49% in 2025.
- Over 5 years, Operating Leases stood at $28.7 million in 2022, then dropped by 0.81% to $28.4 million in 2023, then retreated by 0.84% to $28.2 million in 2024, then soared by 41.02% to $39.8 million in 2025, then declined by 29.84% to $27.9 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $27.9 million, $39.8 million, and $28.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.43 Mn |
| 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 |