Empire State Realty Trust, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:56:31Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 50.55M | 87.99M | 63.34M | 125.21M | -185.89M | 78.23M |
| EBITDA | 330.41M | 343.53M | 336.62M | 343.92M | 280.94M | 249.67M |
| Net Debt | 1.31B | 959.79M | 655.69M | 737.89M | 578.57M | 475.55M |
| Operating Margin | 17.69% | 20.70% | 19.87% | 17.50% | 12.68% | 9.63% |
| Net Margin | 9.52% | 10.48% | 11.43% | 8.71% | -2.09% | -0.03% |
| Return on Equity (ROE) | 6.88% | 7.80% | 8.56% | 6.62% | -1.31% | -0.02% |
| Return on Assets (ROA) | 1.63% | 1.78% | 2.00% | 1.52% | -0.30% | -0.01% |
| Debt-to-Equity | 1.36× | 1.31× | 1.02× | 1.05× | 1.00× | 0.95× |
| Effective Tax Rate | 3.39% | 3.24% | 3.12% | 2.39% | 11.74% | 23.35% |
| Cash Conversion Ratio | 3.41× | 3.25× | 2.75× | 3.34× | -16.30× | -868.06× |
| Accruals Ratio | -0.04× | -0.04× | -0.04× | -0.04× | -0.05× | -0.04× |
| SBC % of Revenue | 3.28% | 2.83% | 2.71% | 2.90% | 3.25% | 4.18% |
| CapEx Coverage | 1.25× | 1.51× | 1.37× | 2.46× | 0.53× | 1.75× |
| Free Cash Flow Per Share | $0.19 | $0.33 | $0.24 | $0.46 | $-0.67 | $0.28 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 26.08× | 36.86× | 32.30× | 30.64× | — | — |
| P/FCF | 34.83× | 31.55× | 40.65× | 14.53× | — | 33.82× |
| FCF Yield | 2.87% | 3.17% | 2.46% | 6.88% | — | 2.96% |
| EV / EBITDA | 9.30× | 10.88× | 9.59× | 7.44× | 10.85× | 12.50× |
| P/S | 2.30× | 3.62× | 3.49× | 2.51× | 3.96× | 4.34× |
| P/B | 1.66× | 2.69× | 2.61× | 1.91× | 2.47× | 2.51× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 766.79M | 766.75M | 738.22M | 725.68M | — | — |
| Revenues | 768.27M | 767.92M | 739.57M | 727.04M | 624.09M | 609.23M |
| Selling, General and Administrative Expense | — | — | 63.94M | 61.77M | 55.95M | 62.24M |
| Operating Expenses | 632.62M | 609.21M | 592.87M | 600.01M | 544.96M | 550.57M |
| Operating Income (Loss) | 135.65M | 158.71M | 146.71M | 127.03M | 79.13M | 58.66M |
| Income Tax Expense (Benefit) | 2.56M | 2.69M | 2.71M | 1.55M | -1.73M | -6.97M |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | -210.00K |
| Earnings Per Share, Basic | $0.26 | $0.29 | $0.30 | $0.22 | $-0.06 | $-0.10 |
| Weighted Average Number of Shares Outstanding, Basic | 168.54M | 164.90M | 161.12M | 165.04M | 172.44M | 175.17M |
| Earnings Per Share, Diluted | $0.25 | $0.28 | $0.30 | $0.22 | $-0.06 | $-0.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 270.04M | 269.02M | 265.63M | 269.95M | 277.42M | 283.84M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 132.66M | 385.46M | 346.62M | 264.43M | 423.69M | 526.71M |
| Assets | 4.47B | 4.51B | 4.22B | 4.16B | 4.28B | 4.15B |
| Liabilities | 2.65B | 2.73B | 2.49B | 2.48B | 2.60B | 2.42B |
| Stockholders' Equity Attributable to Parent | 1.06B | 1.03B | 985.52M | 954.38M | 998.13M | 1.06B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 249.05M | 260.89M | 232.49M | 211.17M | 212.49M | 182.29M |
| Net Cash Provided by (Used in) Investing Activities | -550.01M | -397.12M | -77.34M | -230.89M | -212.74M | -143.12M |
| Payments for Repurchase of Common Stock | 8.12M | 0 | 13.11M | 90.18M | 46.70M | 143.71M |
| Net Cash Provided by (Used in) Financing Activities | 38.17M | 158.58M | -62.87M | -140.24M | -93.05M | 257.17M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 50.72M | -8.20M | 58.76M | -14.01M | 41.08M | 21.02M |
| EBITDA | 79.68M | 85.97M | — | — | 74.57M | 88.31M |
| Net Debt | 1.32B | 1.31B | 971.39M | 1.03B | 937.52M | 959.79M |
| Operating Margin | 15.50% | 17.79% | 19.93% | 18.40% | 14.36% | 21.76% |
| Net Margin | 1.58% | 16.17% | 6.92% | 5.97% | 8.78% | 9.52% |
| Return on Equity (ROE) | 0.28% | 3.04% | 1.31% | 1.10% | 1.53% | 1.82% |
| Return on Assets (ROA) | 0.07% | 0.72% | 0.33% | 0.28% | 0.38% | 0.42% |
| Debt-to-Equity | 1.30× | 1.36× | 1.08× | 1.08× | 1.09× | 1.31× |
| Effective Tax Rate | -54.94% | 3.17% | 10.76% | 4.03% | -4.08% | 5.77% |
| Cash Conversion Ratio | 23.01× | 1.05× | 15.77× | 9.65× | 5.27× | 2.66× |
| Accruals Ratio | -0.01× | -0.00× | -0.05× | -0.02× | -0.02× | -0.01× |
| SBC % of Revenue | 3.09% | 3.42% | 9.31% | 6.22% | 2.77% | 3.09% |
| CapEx Coverage | 3.79× | 0.81× | 1.38× | 0.89× | 1.98× | 1.72× |
| Free Cash Flow Per Share | $0.19 | $-0.03 | $0.22 | $-0.05 | $0.15 | $0.08 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 24.76× | 26.08× | 38.30× | 35.17× | 26.97× | 38.22× |
| P/S | 1.80× | 2.30× | 2.71× | 2.85× | 2.75× | 3.62× |
| P/B | 1.32× | 1.66× | 1.98× | 2.10× | 2.04× | 2.69× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 190.05M | 198.98M | 197.33M | 190.84M | 179.63M | 197.34M |
| Revenues | 190.32M | 199.22M | 197.73M | 191.25M | 180.07M | 197.60M |
| Operating Expenses | 160.87M | 163.82M | 158.40M | 156.13M | 154.28M | 154.66M |
| Operating Income (Loss) | 29.46M | 35.41M | 39.33M | 35.12M | 25.79M | 42.94M |
| Income Tax Expense (Benefit) | -1.06M | 1.05M | 1.65M | 478.00K | -619.00K | 1.15M |
| Earnings Per Share, Basic | $0.01 | $0.12 | $0.05 | $0.04 | $0.06 | $0.07 |
| Weighted Average Number of Shares Outstanding, Basic | 170.67M | 168.54M | 169.25M | 168.37M | 167.18M | 164.90M |
| Earnings Per Share, Diluted | $0.01 | $0.11 | $0.05 | $0.04 | $0.05 | $0.06 |
| Weighted Average Number of Shares Outstanding, Diluted | 269.35M | 270.04M | 270.36M | 269.95M | 269.53M | 269.02M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 68.82M | 132.66M | 154.11M | 94.64M | 187.82M | 385.46M |
| Assets | 4.41B | 4.47B | 4.11B | 4.08B | 4.11B | 4.51B |
| Liabilities | 2.58B | 2.65B | 2.31B | 2.29B | 2.33B | 2.73B |
| Stockholders' Equity Attributable to Parent | 1.06B | 1.06B | 1.04B | 1.04B | 1.03B | 1.03B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 68.91M | 33.90M | 215.15M | 109.86M | 83.15M | 50.03M |
| Net Cash Provided by (Used in) Investing Activities | -64.67M | -361.91M | -188.10M | -155.57M | -42.06M | -78.65M |
| Payments for Repurchase of Common Stock | — | 5.97M | 2.15M | 2.15M | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | -64.61M | 296.77M | -258.60M | -246.87M | -232.97M | -12.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ESRT CIK 0001541401),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.