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Empire State Realty OP, L.p. cash flow statement

In fiscal 2025, Empire State Realty OP, L.p.'s operations generated $249m of cash; it spent $198m on capital projects, leaving free cash flow of $50.6m. It returned $39.0m in dividends and $8.1m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Dec 20112012Dec 20122014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations——139203215194279233182212211232261249228
Depreciation and amortisation—43145171155161169182191202217190185195199
Stock-based pay——451014192125202120222530
Capital spending—8849815719822825625610439886169173198124
Free cash flow——−3594617−3423−2378−186125638851104
Free cash flow after stock pay——−363417−484−4453−20610443662573
Dividends paid——879111412612612661293937383939
Share buybacks——————0014447901308—
Shares issued——006110500——————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Empire State Realty OP, L.p.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Empire State Realty OP, L.p.