Empire State Realty OP (FISK) Operating Expenses (2012 - 2026)
Empire State Realty OP (FISK) reported Operating Expenses of $160.9 million for Q1 2026, up 4.27% year-over-year from $154.3 million in Q1 2025, and up 156.63% quarter-over-quarter from -$284.1 million in Q4 2025.
Empire State Realty OP (FISK) Operating Expenses (2012 - 2026) Analysis & Trends
Empire State Realty OP (FISK) has 15 years of Operating Expenses data on file, last reported at $160.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $160.9 million, up 4.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $191.3 million (down 76.86% YoY), and the FY2025 annual result was $184.7 million, down 69.68% from the prior year.
- Operating Expenses improved to $160.9 million in Q1 2026 per FISK's latest filing, from -$284.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $476.7 million in Q4 2024 and troughed at -$299.8 million in Q4 2022.
- A 5-year average of $62.5 million and a median of $144.4 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 967.43% in 2022, then surged 285.63% in 2023.
- A 5-year view of Operating Expenses shows it stood at -$299.8 million in 2022, then advanced by 8.78% to -$273.4 million in 2023, then surged by 274.33% to $476.7 million in 2024, then slumped by 159.6% to -$284.1 million in 2025, then soared by 156.63% to $160.9 million in 2026.
- Business Quant data shows FISK's Operating Expenses at $160.9 million in Q1 2026, -$284.1 million in Q4 2025, and $158.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | 634.35 Mn |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | 285.09 Mn |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 208.92 Mn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | 61.46 Mn |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 142.32 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 410.82 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 202.02 Mn |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 160.87 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | 124.51 Mn |
| 10 | Empire State Realty OP | - | - | - | 160.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 160.87 Mn |
| Dec 31, 2025 | -284.09 Mn |
| Sep 30, 2025 | 158.40 Mn |
| Jun 30, 2025 | 156.13 Mn |
| Mar 31, 2025 | 154.28 Mn |
| Dec 31, 2024 | 476.68 Mn |
| Sep 30, 2024 | 154.25 Mn |
| Jun 30, 2024 | 41.52 Mn |
| Mar 31, 2024 | 45.06 Mn |
| Dec 31, 2023 | -273.43 Mn |
| Sep 30, 2023 | 42.82 Mn |
| Jun 30, 2023 | 144.35 Mn |
| Mar 31, 2023 | 147.13 Mn |
| Dec 31, 2022 | -299.76 Mn |
| Sep 30, 2022 | 42.80 Mn |
| Jun 30, 2022 | 37.43 Mn |
| Mar 31, 2022 | 157.99 Mn |
| Dec 31, 2021 | 34.56 Mn |
| Sep 30, 2021 | 151.85 Mn |
| Jun 30, 2021 | 126.92 Mn |