Empire State Realty OP (OGCP) Operating Leases (2013 - 2026)

Empire State Realty OP (OGCP) reported Operating Leases of $37.9 million for Q1 2026, up 35.05% year-over-year from $28.1 million in Q1 2025, and up 36.01% quarter-over-quarter from $27.9 million in Q4 2025.

Empire State Realty OP (OGCP) Operating Leases (2013 - 2026) Analysis & Trends

Empire State Realty OP (OGCP) has 14 years of Operating Leases data on file, last reported at $37.9 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $37.9 million, up 35.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $37.9 million (up 35.05% YoY), and the FY2025 annual result was $27.9 million, up 43.1% from the prior year.
  • Operating Leases improved to $37.9 million in Q1 2026 per OGCP's latest filing, from $27.9 million in the prior quarter.
  • Over five years, Operating Leases peaked at $37.9 million in Q1 2026 and troughed at $15.3 million in Q2 2023.
  • A 5-year average of $27.0 million and a median of $28.3 million in 2024 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2023 and 2024: Operating Leases tumbled 46.91% in 2023, then surged 85.33% in 2024.
  • A 5-year view of Operating Leases shows it stood at $17.8 million in 2022, then jumped by 59.33% to $28.4 million in 2023, then tumbled by 31.44% to $19.5 million in 2024, then jumped by 43.1% to $27.9 million in 2025, then surged by 36.01% to $37.9 million in 2026.
  • Business Quant data shows OGCP's Operating Leases at $37.9 million in Q1 2026, $27.9 million in Q4 2025, and $28.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn -
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn -
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn -
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn
10 Empire State Realty OP - - -

Historic Data

Download Data
DateValue
Mar 31, 2026 37.95 Mn
Dec 31, 2025 27.90 Mn
Sep 30, 2025 28.01 Mn
Jun 30, 2025 28.07 Mn
Mar 31, 2025 28.10 Mn
Dec 31, 2024 19.50 Mn
Sep 30, 2024 28.30 Mn
Jun 30, 2024 28.32 Mn
Mar 31, 2024 28.40 Mn
Dec 31, 2023 28.44 Mn
Sep 30, 2023 28.50 Mn
Jun 30, 2023 15.28 Mn
Mar 31, 2023 28.60 Mn
Dec 31, 2022 17.85 Mn
Sep 30, 2022 28.73 Mn
Jun 30, 2022 28.78 Mn
Mar 31, 2022 28.80 Mn
Dec 31, 2021 28.89 Mn
Sep 30, 2021 23.51 Mn
Jun 30, 2021 28.53 Mn