Empire State Realty OP, L.P. (ESBA) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Empire State Realty OP reported revenue of $768.3M, up 0.0% from $767.9M the year before. Net income was $73.0M (a 9.5% net margin), or $0.25 per diluted share. Operating margin was 17.7%. Operating activities generated $249.1M of cash. At fiscal year end, Empire State Realty OP held $4.47B in total assets against $2.65B in total liabilities, including $132.7M of cash and equivalents.
Open the full interactive Empire State Realty OP financials → Quarterly statements, key ratios, valuation history and price charts.
Empire State Realty OP Key Stats
| Share Price | $4.80 |
|---|---|
| Market Cap | $1.29B |
| P/E Ratio | 19.2 |
| Dividend Yield | 3.04% |
| Revenue YoY Growth | +0.1% |
| 52-Week Range | $3.85 – $7.76 |
| Shares Outstanding | 268.9 million (basic, 2026 Q2) |
Empire State Realty OP Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $609.2M | $624.1M | $727.0M | $739.6M | $767.9M | $768.3M |
| Operating Income | $58.7M | $79.1M | $127.0M | $146.7M | $158.7M | $135.6M |
| Pre-Tax Income | -$29.9M | -$14.8M | $64.8M | $87.1M | $83.0M | $75.5M |
| Income Tax | -$7.0M | -$1.7M | $1.5M | $2.7M | $2.7M | $2.6M |
| Net Income | -$340,000 | -$13.0M | $63.2M | $84.3M | $80.4M | $73.0M |
| Diluted EPS | -$0.10 | -$0.06 | $0.22 | $0.30 | $0.28 | $0.25 |
Empire State Realty OP Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $197.7M | $199.2M | $190.3M | $196.9M |
| Net Income | $13.6M | $32.2M | $3.0M | -$39.6M |
| Diluted EPS | $0.05 | $0.12 | $0.01 | -$0.15 |
Empire State Realty OP Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $526.7M | $423.7M | $264.4M | $346.6M | $385.5M | $132.7M |
| Total Assets | $4.15B | $4.28B | $4.16B | $4.22B | $4.51B | $4.47B |
| Total Long-Term Debt | $2.14B | $2.31B | $2.25B | $2.24B | $2.28B | $2.37B |
| Total Liabilities | $2.42B | $2.60B | $2.48B | $2.49B | $2.73B | $2.65B |
| Shareholders' Equity | $1.73B | $1.68B | $1.68B | $1.73B | $1.78B | $1.82B |
Empire State Realty OP Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $182.3M | $212.5M | $211.2M | $232.5M | $260.9M | $249.1M |
| Cash From Investing | -$143.1M | -$212.7M | -$230.9M | -$77.3M | -$397.1M | -$550.0M |
| Cash From Financing | $257.2M | -$93.0M | -$140.2M | -$62.9M | $158.6M | $38.2M |
| Free Cash Flow | $78.2M | -$185.9M | $125.2M | $63.3M | — | — |
| Dividends Paid | $60.9M | $28.6M | $38.6M | $37.1M | $38.3M | $39.0M |
Figures from Empire State Realty OP's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Empire State Realty OP financials page for every line item.
Empire State Realty OP Company Profile
| Ticker | ESBA |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001553079 |
Frequently Asked Questions
What was Empire State Realty OP's revenue in fiscal 2025?
Empire State Realty OP (ESBA) reported revenue of $768.3M for fiscal 2025.
What is Empire State Realty OP's annual revenue history?
Empire State Realty OP's annual revenue by fiscal year: 2020: $609.2M; 2021: $624.1M; 2022: $727.0M; 2023: $739.6M; 2024: $767.9M; 2025: $768.3M.
What was Empire State Realty OP's net income in fiscal 2025?
Empire State Realty OP reported net income of $73.0M for fiscal 2025.
What was Empire State Realty OP's earnings per share (EPS) in fiscal 2025?
Empire State Realty OP's diluted EPS was $0.25 for fiscal 2025 (adjusted for any later stock splits).
What was Empire State Realty OP's revenue last quarter?
In its most recent reported quarter (2026 Q2), Empire State Realty OP reported revenue of $196.9M.
How much debt does Empire State Realty OP have?
Empire State Realty OP reported $2.37B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Empire State Realty OP are outstanding?
Empire State Realty OP reported a weighted average of 268.9 million basic shares outstanding in 2026 Q2.
What is Empire State Realty OP's market cap?
Based on its latest closing price, Empire State Realty OP (ESBA) has a market capitalization of about $1.29B.
When does Empire State Realty OP's fiscal year end?
Empire State Realty OP's fiscal year end, as registered with the SEC, is December 31.
Where is Empire State Realty OP headquartered?
Empire State Realty OP lists its business address in New York, New York in its SEC filings.