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Empire State Realty Trust ESRT Observatory — Total operating income

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Other financials

Income statement

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Revenue$196.9M+3.0%
Operating income-$138.7M-495%
Net income-$39.6M-447%
EPS (diluted)-$0.15-475%

Balance sheet

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Cash & equivalents$128.2M-6.2%
Total debt$2.4B+3.1%
Total equity$1.0B+0.1%
Total assets$4.3B+4.8%

Cash flow

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Operating cash flow$19.5M-26.9%
CapEx$31.0M-62.1%
Free cash flow$50.7M+23.5%

Valuation

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Market cap$836.15M-31.6%
Enterprise value$3.11B-9.0%
P/E90.3×+72.5×
P/S1.1×-0.5×

Profitability

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Operating margin-4.4%-23.8pp
Net margin1.2%-7.8pp
FCF margin10.4%

Returns & leverage

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Return on equity0.9%-5.8pp
Debt / equity2.3×+0.1×

Where this comes from

Reported directly by Empire State Realty Trust in its filing.

Tagged under the XBRL concept esrt:SegmentOperatingIncomeLoss.

The source filing: Empire State Realty Trust’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001541401-26-000033
(amounts in thousands)Real EstateObservatoryIntersegment EliminationTotal
Total revenues, excluding third-party management and other fees187,17724,225(14,771)196,631
Segment operating expenses:
Property operating expenses47,77447,774
Observatory expenses11,79511,795
Other segment expenses(1)34,41814,771(14,771)34,418
Total segment operating expenses82,19226,566(14,771)93,987
Net operating income (loss)$104,985$(2,341)$102,644
Segment assets$4,177,101$95,997$4,273,098

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Empire State Realty Trust's observatory — total operating income?
Empire State Realty Trust (ESRT) reported observatory — total operating income of -$2.34M in Q2 2026.
How has Empire State Realty Trust's observatory — total operating income changed year-over-year?
Empire State Realty Trust's observatory — total operating income decreased by 168.6% year-over-year, from $3.41M to -$2.34M.
What is the long-term trend for Empire State Realty Trust's observatory — total operating income?
Over 3 years (2022 to 2025), Empire State Realty Trust's observatory — total operating income has grown at a 11.5% compound annual growth rate (CAGR), from $9.94M to $13.79M.
What does observatory — total operating income mean?
Calculated as the total revenue generated by the Observatory segment minus all associated operating expenses. This serves as the primary indicator of the segment's profitability and its contribution to the REIT's overall financial performance.

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