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Empire State Realty Trust ESRT Q3 2025 earnings

Reported October 29, 2025 · After market close

Revenue$197.7MBeat by $1.2M
EPS$0.23
Revenue estimate$196.5M

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$190.1M

Financials

Q3 2025

Income statement

See full
Revenue$197.7M-0.9%
Operating income$39.3M-13.3%
Net income$13.6M-40.1%
EPS (diluted)$0.05-37.5%

Balance sheet

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Cash & equivalents$197.8M-57.9%
Total debt$2.3B-4.1%
Total equity$1.0B+2.8%
Total assets$4.1B-7.5%

Cash flow

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Operating cash flow$105.3M+2.4%
CapEx$32.5M-31.3%
Free cash flow$72.8M+31.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$1.3B-29.1%
Enterprise value$3.43B-9.5%
P/E21.8×-1.9×
P/S1.7×-0.7×

Profitability

See full
Operating margin18.7%-1.8pp
Net margin7.8%-2.4pp
FCF margin10.4%—

Returns & leverage

See full
Return on equity5.8%-1.9pp
Debt / equity2.2×-0.2×

Segments

By segment

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Real Estate$161.3M+0.8%
Observatory$36.0M-8.5%

FAQ

When did Empire State Realty Trust report Q3 2025 earnings?
Empire State Realty Trust (ESRT) reported Q3 2025 earnings on October 29, 2025 after market close.
What were Empire State Realty Trust's Q3 2025 revenue and EPS?
Empire State Realty Trust reported revenue of $197.7M and eps of $0.23 for Q3 2025.
Did Empire State Realty Trust beat estimates in Q3 2025?
Revenue beat the consensus estimate of $196.5M by $1.2M.
How did Empire State Realty Trust's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.9% from $199.6M a year earlier and eps declined 11.5% from $0.26.
Where can I find Empire State Realty Trust's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001541401-25-000034) and the 10-Q periodic report (0001541401-25-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.