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Empire State Realty Trust ESRT Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue$180.1MMiss by $2.2M
EPS$0.19
Revenue estimate$182.3M

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$201.9M

Financials

Q1 2025

Income statement

See full
Revenue$180.1M-0.6%
Operating income$25.8M-17.0%
Net income$15.8M+54.5%
EPS (diluted)$0.05+66.7%

Balance sheet

See full
Cash & equivalents$237.4M-38.4%
Total debt$2.3B-2.5%
Total equity$1.0B+3.6%
Total assets$4.1B-1.8%

Cash flow

See full
Operating cash flow$83.1M+17.2%
CapEx$42.1M-20.6%
Free cash flow$41.1M+129%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$1.31B-21.1%
Enterprise value$3.4B-7.2%
P/E15.3×-4.8×
P/S1.7×-0.5×

Profitability

See full
Operating margin20%-1.2pp
Net margin11.2%+0.2pp
FCF margin15.3%—

Returns & leverage

See full
Return on equity8.5%-0.1pp
Debt / equity2.3×-0.1×

Segments

By segment

See full
Real Estate$156.5M+0.1%
Observatory$23.2M-5.8%

Versus estimates

Revenue

Q2 2026$196.9MMiss by $1.2MQ1 2026$190.3MBeat by $6.9MQ4 2025$199.2MBeat by $6.8MQ3 2025$197.7MBeat by $1.2MQ2 2025$191.3MMiss by $7.6M
Q1 2025$180.1MMiss by $2.2M

Diluted EPS

Q2 2026-$0.15Q1 2026$0.20Q4 2025$0.23Q3 2025$0.23Q2 2025$0.22
Q1 2025$0.19

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Questions, answered.

When did Empire State Realty Trust report Q1 2025 earnings?
Empire State Realty Trust (ESRT) reported Q1 2025 earnings on April 29, 2025 after market close.
What were Empire State Realty Trust's Q1 2025 revenue and EPS?
Empire State Realty Trust reported revenue of $180.1M and eps of $0.19 for Q1 2025.
Did Empire State Realty Trust beat estimates in Q1 2025?
Revenue missed the consensus estimate of $182.3M by $2.2M.
How did Empire State Realty Trust's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.6% from $181.2M a year earlier and eps declined 9.5% from $0.21.
Where can I find Empire State Realty Trust's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001541401-25-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.