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Empire State Realty Trust ESRT Q4 2025 Annual earnings

Reported February 17, 2026 · After market close

Revenue$199.2MBeat by $6.8M
EPS$0.23
Revenue estimate$192.4M

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$199.2M+0.8%
Operating income$35.4M-17.5%
Net income$32.2M+71.2%
EPS (diluted)$0.11+83.3%

Balance sheet

See full
Cash & equivalents$166.5M-61.2%
Total debt$27.9M-0.9%
Total equity$1.1B+2.8%
Total assets$4.5B-0.9%

Cash flow

See full
Operating cash flow$33.9M-32.2%
CapEx$42.1M+45.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.11B-35.5%
Enterprise value$971.09M-26.4%
P/E15.2×-6.2×
P/S1.4×-0.8×

Profitability

See full
Operating margin17.7%-3.0pp
Net margin9.5%-1.0pp

Returns & leverage

See full
Return on equity7%-1.0pp
Debt / equity0×0.0×

Segments

By segment

See full
Real Estate$163.8M+2.9%
Observatory$35.2M-8.0%

Versus estimates

Revenue

Q2 2026$196.9MMiss by $1.2MQ1 2026$190.3MBeat by $6.9M
Q4 2025$199.2MBeat by $6.8M
Q3 2025$197.7MBeat by $1.2MQ2 2025$191.3MMiss by $7.6MQ1 2025$180.1MMiss by $2.2M

Diluted EPS

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

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Questions, answered.

When did Empire State Realty Trust report Q4 2025 earnings?
Empire State Realty Trust (ESRT) reported Q4 2025 earnings on February 17, 2026 after market close.
What were Empire State Realty Trust's Q4 2025 revenue and EPS?
Empire State Realty Trust reported revenue of $199.2M and eps of $0.23 for Q4 2025.
Did Empire State Realty Trust beat estimates in Q4 2025?
Revenue beat the consensus estimate of $192.4M by $6.8M.
How did Empire State Realty Trust's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.8% from $197.6M a year earlier and eps declined 4.2% from $0.24.
Where can I find Empire State Realty Trust's Q4 2025 SEC filings?
You can read the 10-K periodic report (0001541401-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.