insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

ESRT · Empire State Realty Trust, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ESRT

1Y3Y5YMax
Sign in to download
AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$768.27M$767.92M$739.57M$727.04M$624.09M$609.23M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$72.84M$70.23M$63.94M$61.77M$55.95M$62.24M
Total Operating Expenses$632.62M$609.21M$592.87M$600.01M$544.96M$550.57M
D&A$194.76M$184.82M$189.91M$216.89M$201.81M$191.01M
Operating Income$135.65M$158.71M$146.71M$127.03M$79.13M$58.66M
Interest Expense$103.13M$105.24M$101.48M$101.21M$94.39M$89.91M
Income Tax$2.56M$2.69M$2.71M$1.55M($1.73M)($6.97M)
Net Income$43.40M$47.44M$49.04M$36.44M($10.71M)($16.71M)
EPS - Basic$0.26$0.29$0.30$0.22($0.06)($0.10)
EPS - Diluted$0.25$0.28$0.30$0.22($0.06)($0.10)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$132.66M$385.46M$346.62M$264.43M$423.69M$526.71M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$4.47B$4.51B$4.22B$4.16B$4.28B$4.15B
Current Liabilities------
Long-term Debt------
Total Liabilities$2.65B$2.73B$2.49B$2.48B$2.60B$2.42B
Stockholders' Equity$1.06B$1.03B$985.52M$954.38M$998.13M$1.06B
Retained Earnings($39.65M)($58.89M)($83.11M)($109.47M)($133.61M)($65.67M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$249.05M$260.89M$232.49M$211.17M$212.49M$182.29M
Investing Cash Flow($550.01M)($397.12M)($77.34M)($230.89M)($212.74M)($143.12M)
Financing Cash Flow$38.17M$158.58M($62.87M)($140.24M)($93.05M)$257.17M
CapEx--$169.16M$85.96M$398.37M$104.06M
Free Cash Flow--$63.34M$125.21M($185.89M)$78.23M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin17.7%20.7%19.8%17.5%12.7%9.6%
EBITDA margin43.0%44.7%45.5%47.3%45.0%41.0%
Net margin5.6%6.2%6.6%5.0%-1.7%-2.7%
Free cash flow margin--8.6%17.2%-29.8%12.8%
FCF / Net income--1.293.4417.35-4.68
R&D / Revenue------
SG&A / Revenue9.5%9.1%8.6%8.5%9.0%10.2%
Effective tax rate5.6%5.4%5.2%4.1%--
Return on assets1.0%1.1%1.2%0.9%-0.3%-0.4%
Return on equity4.1%4.6%5.0%3.8%-1.1%-1.6%
Return on invested capital------
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage1.3x1.5x1.4x1.3x0.8x0.7x
Equity multiplier4.224.384.284.364.293.93
Liabilities / Assets0.590.600.590.600.610.58
Efficiency
Asset turnover0.170.170.180.170.150.15
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E26.1x36.9x32.3x30.6x--
P / B1.7x2.7x2.6x1.9x2.5x2.5x
P / S2.3x3.6x3.5x2.5x4.0x4.3x
EV / EBITDA4.9x7.0x6.6x4.5x7.3x8.5x
Growth
Revenue growth (YoY)0.0%3.8%1.7%16.5%2.4%-16.7%
Revenue CAGR (3y)1.9%7.2%6.7%-0.2%-5.2%-5.1%
Revenue CAGR (5y)4.7%1.0%0.2%0.4%-1.6%-1.5%
Gross profit growth (YoY)------
Operating income growth (YoY)-14.5%8.2%15.5%60.5%34.9%-62.1%
Net income growth (YoY)-8.5%-3.3%34.6%-35.9%-
EPS growth (YoY)-10.7%-6.7%36.4%-40.0%-
EPS CAGR (3y)4.4%---7.7%--
EPS CAGR (5y)-0.0%-5.1%-10.8%--
FCF growth (YoY)---49.4%---
FCF CAGR (5y)--23.0%--11.0%
Book value growth (YoY)2.8%4.6%3.3%-4.4%-5.4%-14.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$766.79M total
Real Estate Segment$638.46M · 83.3%
Observatory Segment$128.33M · 16.7%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✗ROA improved YoY
  • ✓Cash flow > net income
  • -Long-term debt decreased
  • -Current ratio improved
  • ✓No share dilution
  • -Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

Comparing Empire State Realty Trust against the 5 most active filers in the same SIC group.

Dividends

$0.14/share trailing 12 months · 0.0% YoY

Ex-datePer share
Mar 13, 2026$0.0350
Dec 15, 2025$0.0350
Sep 15, 2025$0.0350
Jun 13, 2025$0.0350
Mar 14, 2025$0.0350
Dec 16, 2024$0.0350
Sep 16, 2024$0.0350
Jun 14, 2024$0.0350
Mar 14, 2024$0.0350
Dec 15, 2023$0.0350
Sep 14, 2023$0.0350
Jun 14, 2023$0.0350
Mar 14, 2023$0.0350
Dec 16, 2022$0.0350
Sep 14, 2022$0.0350
Jun 14, 2022$0.0350
Mar 14, 2022$0.0350
Dec 17, 2021$0.0350
Sep 14, 2021$0.0350
Jun 14, 2021$0.0350
Jun 18, 2020$0.1050
Mar 13, 2020$0.1050
Dec 20, 2019$0.1050
Sep 13, 2019$0.1050