Empire State Realty Trust, Inc. (ESRT) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Empire State Realty Trust 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 Trust 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 Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Empire State Realty Trust Key Stats
| Share Price | $4.86 |
|---|---|
| Market Cap | $1.31B |
| P/E Ratio | 19.4 |
| Revenue YoY Growth | +0.1% |
| 52-Week Range | $3.93 – $7.76 |
| Shares Outstanding | 171.0 million (basic, 2026 Q2) |
Empire State Realty Trust 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 | -$210,000 | -$13.0M | $63.2M | $84.4M | $80.4M | $73.0M |
| Diluted EPS | -$0.10 | -$0.06 | $0.22 | $0.30 | $0.28 | $0.25 |
Empire State Realty Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $197.7M | $199.2M | $190.3M | $196.9M |
| Net Income | $9.0M | $46.1M | $2.3M | -$24.8M |
| Diluted EPS | $0.05 | $0.17 | $0.01 | -$0.15 |
Empire State Realty Trust 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 | $1.06B | $998.1M | $954.4M | $985.5M | $1.03B | $1.06B |
Empire State Realty Trust 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 | — | — |
Figures from Empire State Realty Trust'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 Trust financials page for every line item.
Empire State Realty Trust Company Profile
| Ticker | ESRT |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001541401 |
Frequently Asked Questions
What was Empire State Realty Trust's revenue in fiscal 2025?
Empire State Realty Trust (ESRT) reported revenue of $768.3M for fiscal 2025.
What is Empire State Realty Trust's annual revenue history?
Empire State Realty Trust'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 Trust's net income in fiscal 2025?
Empire State Realty Trust reported net income of $73.0M for fiscal 2025.
What was Empire State Realty Trust's earnings per share (EPS) in fiscal 2025?
Empire State Realty Trust's diluted EPS was $0.25 for fiscal 2025 (adjusted for any later stock splits).
What was Empire State Realty Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Empire State Realty Trust reported revenue of $196.9M.
How much debt does Empire State Realty Trust have?
Empire State Realty Trust reported $2.37B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Empire State Realty Trust are outstanding?
Empire State Realty Trust reported a weighted average of 171.0 million basic shares outstanding in 2026 Q2.
What is Empire State Realty Trust's market cap?
Based on its latest closing price, Empire State Realty Trust (ESRT) has a market capitalization of about $1.31B.
When does Empire State Realty Trust's fiscal year end?
Empire State Realty Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Empire State Realty Trust headquartered?
Empire State Realty Trust lists its business address in New York, New York in its SEC filings.