Empire State Realty Reit Inc Trust (ESRT) financials
Empire State Realty Reit Inc Trust revenue and earnings by year
Empire State Realty Reit Inc Trust's revenue was $768 million in the fiscal year to December 31, 2025, up 0.0% from the year before. Net income was $47.6 million, 6.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 1.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 768 | 768 | 740 | 727 | 624 | 609 | 731 | 732 | 710 | 677 |
| Revenue growth | 0.0% | 3.8% | 1.7% | 16.5% | 2.4% | -16.7% | -0.0% | 3.1% | 4.7% | — |
| Operating income | 136 | 159 | 147 | 127 | 79 | 59 | 155 | 191 | 193 | 184 |
| Operating margin | 17.7% | 20.7% | 19.8% | 17.5% | 12.7% | 9.6% | 21.2% | 26.1% | 27.2% | 27.1% |
| Net income | 48 | 52 | 53 | 41 | -7 | -13 | 51 | 67 | 64 | 52 |
| Net margin | 6.2% | 6.7% | 7.2% | 5.6% | -1.0% | -2.1% | 7.0% | 9.1% | 9.0% | 7.7% |
| Free cash flow | 111 | 84 | 182 | 96 | 117 | 39 | -18 | 36 | -29 | 32 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ESRT in Markets.
How Empire State Realty Reit Inc Trust makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Real Estate | $172M | 87.7% |
| Observatory | $24.2M | 12.3% |
See also: ESRT valuation and P/E history · ESRT returns
No forecast, no recommendation. This page describes Empire State Realty Reit Inc Trust from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.