Empire State Realty Trust (ESRT) Tax Rate (2014 - 2025)
Empire State Realty Trust's Tax Rate was 1.90% in Q2 2026, down 2.13 percentage points from 4.03% a year earlier but up 56.84 percentage points from the prior quarter.
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Analysis
Empire State Realty Trust (ESRT) Tax Rate (2014 - 2025) Analysis & Trends
On a trailing twelve-month basis, Empire State Realty Trust's Tax Rate was 8.59% through Jun 30, 2026, up 5.15 percentage points year-over-year; for FY2025, it was 3.39%, up 0.15 percentage points from FY2024.
- Tax Rate has now increased for three consecutive years, though with a five-year change of -19.96 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 3.24% in FY2024 (+0.12 pp), 3.12% in FY2023 (+0.73 pp), 2.39% in FY2022 (-9.35 pp) and 11.74% in FY2021 (-11.61 pp).
- Quarterly Tax Rate has moved between -60.58% (Q4 2021) and 12.59% (Q3 2022) over five years.
- Compared with a year earlier, Tax Rate has declined for three straight quarters, with an average year-over-year change of -6.45 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2022 (a gain of 66.35 percentage points); the worst was Q4 2021 (a drop of 181.06 percentage points).
- Per Business Quant data, ESRT's Tax Rate in the three quarters before Q2 2026 was -54.94% (Q1 2026), 3.17% (Q4 2025) and 10.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | - |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 8.78% |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | - |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | 6.51% |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 0.54% |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | - |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 4.45% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | 0.34% |
| 10 | Empire State Realty Trust | 692.31 Mn | 1.41 Bn | - | - |
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();