Empire State Realty OP (FISK) Operating Expenses (2012 - 2026)
Empire State Realty OP's (FISK) quarterly Operating Expenses came in at $335.6 million in Q2 2026, up 114.96% year-over-year from $156.1 million in Q2 2025, and up 108.63% quarter-over-quarter from $160.9 million in Q1 2026.
Analysis
Empire State Realty OP (FISK) Operating Expenses (2012 - 2026) Analysis & Trends
Empire State Realty OP (FISK) has reported Operating Expenses for 15 consecutive years, with $335.6 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 114.96% year-over-year to $335.6 million in Q2 2026; TTM through Jun 2026 was $818.7 million, a 32.19% increase from a year earlier, with the FY2025 full-year figure at $632.6 million, up 3.84% from the prior year.
- Operating Expenses was $335.6 million for Q2 2026 at Empire State Realty OP, up from $160.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $335.6 million in Q2 2026 and troughed at $142.3 million in Q4 2022.
- A 5-year average of $162.8 million and a median of $153.2 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses fell 6.87% in 2023 and jumped 114.96% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $142.3 million in 2022, then increased by 6.88% to $152.1 million in 2023, then rose by 1.68% to $154.7 million in 2024, then advanced by 5.92% to $163.8 million in 2025, then surged by 104.87% to $335.6 million in 2026.
- The last three Operating Expenses figures came in at $335.6 million (Q2 2026), $160.9 million (Q1 2026), and $163.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 15.40 Bn | 13.91 Bn | - | 2.15 Bn |
| 2 | Alexandria Real Estate Equities | 8.49 Bn | 7.38 Bn | - | 835.39 Mn |
| 3 | Cousins Properties | 4.58 Bn | 4.58 Bn | 183.86 Mn | 249.25 Mn |
| 4 | Kilroy Realty | 4.04 Bn | 4.04 Bn | 212.24 Mn | 207.02 Mn |
| 5 | Copt Defense Properties | 3.99 Bn | 3.99 Bn | 191.37 Mn | 134.16 Mn |
| 6 | Sl Green Realty | 3.65 Bn | 3.65 Bn | 263.98 Mn | 60.25 Mn |
| 7 | Highwoods Properties | 3.35 Bn | 3.01 Bn | - | 159.11 Mn |
| 8 | Douglas Emmett | 1.79 Bn | 1.44 Bn | 178.95 Mn | 206.20 Mn |
| 9 | Alexanders | 1.32 Bn | 1.01 Bn | - | 38.24 Mn |
| 10 | Empire State Realty OP | 1.16 Bn | 1.16 Bn | - | 335.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 335.61 Mn |
| Mar 31, 2026 | 160.87 Mn |
| Dec 31, 2025 | 163.82 Mn |
| Sep 30, 2025 | 158.40 Mn |
| Jun 30, 2025 | 156.13 Mn |
| Mar 31, 2025 | 154.28 Mn |
| Dec 31, 2024 | 154.66 Mn |
| Sep 30, 2024 | 154.25 Mn |
| Jun 30, 2024 | 150.18 Mn |
| Mar 31, 2024 | 150.12 Mn |
| Dec 31, 2023 | 152.11 Mn |
| Sep 30, 2023 | 149.27 Mn |
| Jun 30, 2023 | 144.35 Mn |
| Mar 31, 2023 | 147.13 Mn |
| Dec 31, 2022 | 142.32 Mn |
| Sep 30, 2022 | 148.19 Mn |
| Jun 30, 2022 | 151.52 Mn |
| Mar 31, 2022 | 157.99 Mn |
| Dec 31, 2021 | 139.24 Mn |
| Sep 30, 2021 | 151.85 Mn |