Real Estate was Empire State Realty Trust’s largest segment in fiscal 2021, bringing in $605.90M of $624.09M (97%).
| Segment | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Real Estate | $680.24M | $685.04M | $598.00M | $605.90M | ||||||
| Real Estate | — | — | — | — | ||||||
| Observatory | $131.23M | $128.77M | $29.06M | $41.61M | ||||||
| Observatory, | — | — | — | — | ||||||
| Other | — | — | — | — | ||||||
| Segment Reconciling Items | — | — | — | — | ||||||
| Intersegment Elimination | -$79.95M | -$82.47M | -$17.83M | -$23.41M | ||||||
| Intersegment Eliminations | — | — | — | — | ||||||
| Total | $731.51M | $731.34M | $609.23M | $624.09M |
Empire State Realty Trust brought in $624.09M from its three segments in fiscal 2021, the year ended December 31, 2021. That was up 2.4% from $609.23M in fiscal 2020. Real Estate was the largest at $605.90M (97.1%), ahead of Observatory at $41.61M (6.7%).
Compared with fiscal 2020, Observatory grew 43.2% to $41.61M and Real Estate grew 1.3% to $605.90M. From fiscal 2018 to 2021, combined revenue from these segments fell from $731.51M to $624.09M, a compound annual decline of 5.2%. Real Estate's share of the total rose from 93.0% to 97.1%.
The total is net of Intersegment Elimination, which took $23.41M off revenue in fiscal 2021.
Empire State Realty Trust (ESRT) reports its revenue by segment. In fiscal 2021, Real Estate was its largest segment, bringing in $605.90M (97.1% of the total), followed by Observatory at $41.61M (6.7%).
Real Estate was Empire State Realty Trust's largest segment in fiscal 2021, bringing in $605.90M, or 97.1% of the $624.09M total across its three segments.
Observatory grew faster than Real Estate in fiscal 2021, up 43.2% from $29.06M to $41.61M. Real Estate grew 1.3% to $605.90M.
Every figure comes from Empire State Realty Trust's annual financial filings, as reported. Each line keeps the name Empire State Realty Trust gives it, and years follow its fiscal calendar.
Empire State Realty Trust's revenue by segment goes back to fiscal 2011, with figures through fiscal 2021. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.