Empire State Realty Trust (ESRT) Tax Rate (2014 - 2025)
Empire State Realty Trust's Tax Rate was 3.17% in Q4 2025, down 2.60 percentage points from 5.77% a year earlier and down 7.59 percentage points from the prior quarter.
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Analysis
Empire State Realty Trust (ESRT) Tax Rate (2014 - 2025) Analysis & Trends
For FY2025, Tax Rate at Empire State Realty Trust came in at 3.39%, up 0.15 percentage points from FY2024.
- Tax Rate has now increased for three consecutive years, with a three-year change of +1.00 percentage points (FY2022 to FY2025).
- In earlier years, Tax Rate was 3.24% in FY2024 (+0.12 pp), 3.12% in FY2023 (+0.73 pp) and 2.39% in FY2022.
- The Q4 2025 figure marks the lowest quarterly Tax Rate since Q2 2024.
- Compared with a year earlier, Tax Rate was higher in three of the last six quarters, with an average year-over-year change of -0.13 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2025 (a gain of 4.81 percentage points); the worst was Q3 2023 (a drop of 5.98 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 176.94 Bn | 162.96 Bn | 1.47 Bn | 2.11% |
| 2 | Prologis | 122.03 Bn | 115.99 Bn | - | 10.02% |
| 3 | Simon Property | 74.72 Bn | 70.78 Bn | - | 1.99% |
| 4 | Public Storage | 61.00 Bn | 59.72 Bn | - | - |
| 5 | Realty Income | 55.78 Bn | 54.05 Bn | - | 5.17% |
| 6 | Ventas | 45.39 Bn | 44.06 Bn | - | - |
| 7 | Extra Space Storage | 33.09 Bn | 32.00 Bn | 650.96 Mn | 4.50% |
| 8 | Vici Properties | 27.35 Bn | 25.70 Bn | 1.06 Bn | 0.74% |
| 9 | Vivmark Residential | 24.46 Bn | 24.24 Bn | - | 0.34% |
| 10 | Empire State Realty Trust | 884.31 Mn | 443.11 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.17% |
| Sep 30, 2025 | 10.76% |
| Jun 30, 2025 | 4.03% |
| Dec 31, 2024 | 5.77% |
| Sep 30, 2024 | 5.95% |
| Jun 30, 2024 | 2.56% |
| Dec 31, 2023 | 10.17% |
| Sep 30, 2023 | 6.60% |
| Jun 30, 2023 | 1.94% |
| Dec 31, 2022 | 5.76% |
| Sep 30, 2022 | 12.59% |
| Jun 30, 2022 | 0.74% |
| Dec 31, 2019 | 4.04% |
| Sep 30, 2019 | 4.76% |
| Jun 30, 2019 | 3.13% |
| Dec 31, 2018 | 3.19% |
| Sep 30, 2018 | 6.81% |
| Jun 30, 2018 | 4.60% |
| Dec 31, 2017 | 6.76% |
| Sep 30, 2017 | 5.95% |
API Access
Empire State Realty Trust Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=ESRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ESRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=ESRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();