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Empire State Realty Trust ESRT Real Estate — Property operating expenses

Other segment segments

Observatory
$0

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Other financials

Income statement

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Revenue$190.3M+5.7%
Operating income$29.5M+14.2%
Net income$3.0M-81.0%
EPS (diluted)$0.01-80.0%

Balance sheet

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Cash & equivalents$106.1M-55.3%
Total debt$2.5B+8.3%
Total equity$1.1B+3.1%
Total assets$4.4B+7.1%

Cash flow

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Operating cash flow$68.9M-17.1%
CapEx$18.2M-56.8%
Free cash flow$50.7M+23.5%

Valuation

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Market cap$889.74M-38.4%
Enterprise value$3.31B-6.5%
P/E14.8×-2.0×
P/S1.1×-0.7×

Profitability

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Operating margin17.9%-2.1pp
Net margin7.7%-3.5pp
FCF margin10.4%

Returns & leverage

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Return on equity5.7%-2.7pp
Debt / equity2.4×+0.1×

Where this comes from

Reported directly by Empire State Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.

The official record: Empire State Realty Trust’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Empire State Realty Trust's real estate — property operating expenses?
Empire State Realty Trust (ESRT) reported real estate — property operating expenses of $47.74M in Q1 2026.
How has Empire State Realty Trust's real estate — property operating expenses changed year-over-year?
Empire State Realty Trust's real estate — property operating expenses increased by 6.0% year-over-year, from $45.06M to $47.74M.
What is the long-term trend for Empire State Realty Trust's real estate — property operating expenses?
Over 4 years (2021 to 2025), Empire State Realty Trust's real estate — property operating expenses has grown at a 9.8% compound annual growth rate (CAGR), from $126.99M to $184.71M.
What does real estate — property operating expenses mean?
Includes all direct costs associated with the maintenance, management, and operation of real estate assets, such as utilities, repairs, and onsite staffing. Monitoring this metric is essential for evaluating the operational efficiency and cost control of the property portfolio.