Empire State Realty Trust, Inc. income statement
In fiscal 2025, Empire State Realty Trust, Inc. reported revenue of $768m, up 0.0% on the year before, operating income of $136m (a 17.7% margin) and net income of $43.4m, or $0.25 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 295 | 260 | 206 | 635 | 658 | 677 | 710 | 732 | 731 | 609 | 624 | 727 | 740 | 768 | 768 | 784 |
| Selling, general and administrative | — | 21 | — | 39 | 38 | 49 | 50 | 53 | 61 | 62 | 56 | 62 | 64 | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | 70 | 73 | 80 |
| Operating income | — | 89 | — | 141 | 151 | 184 | 193 | 191 | 155 | 59 | 79 | 127 | 147 | 159 | 136 | −35 |
| Interest expense | — | 54 | — | 66 | 66 | 71 | 68 | 80 | 79 | 90 | 94 | 101 | 101 | 105 | 103 | 107 |
| Income before tax | — | 49 | — | 75 | 84 | 113 | 125 | 122 | 87 | −30 | −15 | 65 | 87 | 83 | 76 | 10 |
| Income tax | — | — | — | 5 | 4 | 6 | 7 | 5 | 2 | −7 | −2 | 2 | 3 | 3 | 3 | 1 |
| Net income | 57 | 49 | −37 | 27 | 34 | 51 | 63 | 66 | 49 | −17 | −11 | 36 | 49 | 47 | 43 | 3 |
| Diluted EPS | — | — | — | $0.27 | $0.29 | $0.38 | $0.39 | $0.39 | $0.28 | −$0.10 | −$0.06 | $0.22 | $0.30 | $0.28 | $0.25 | $0.01 |
| Diluted shares (average) | — | — | — | 255m | 267m | 278m | 298m | 297m | 298m | 284m | 277m | 270m | 266m | 269m | 270m | 270m |
| EBITDA | — | 131 | — | 287 | 323 | 339 | 354 | 359 | 336 | 250 | 281 | 344 | 337 | 344 | 330 | 164 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 200 | 198 | 180 | 191 | 198 | 199 | 190 | 197 |
| General and administrative | 18 | 18 | 17 | 19 | 19 | 18 | 18 | 25 |
| Operating income | 45 | 43 | 26 | 35 | 39 | 35 | 29 | −139 |
| Interest expense | 27 | 27 | 27 | 25 | 25 | 26 | 28 | 28 |
| Income before tax | 24 | 20 | 15 | 12 | 15 | 33 | 2 | −40 |
| Income tax | 1 | 1 | −1 | 0 | 2 | 1 | −1 | −1 |
| Net income | 14 | 11 | 9 | 7 | 8 | 20 | 1 | −26 |
| Diluted EPS | $0.08 | $0.06 | $0.05 | $0.04 | $0.05 | $0.11 | $0.01 | −$0.15 |
| EBITDA | 91 | 88 | 75 | 83 | 87 | 86 | 80 | −88 |
Compare with peers
- Empire State Realty OP, L.p. income statement
- Copt Defense Properties income statement
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