Empire State Realty Trust ESRT Acquired below-market ground leases, net
Acquired below-market ground leases, net at other companies
Other financials
Where this comes from
Reported directly by Empire State Realty Trust in its filing.
Tagged under the XBRL concept esrt:BelowMarketGroundLeaseNet.
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 acquired below-market ground leases, net?
- Empire State Realty Trust (ESRT) reported acquired below-market ground leases, net of $303.62M in Q1 2026.
- How has Empire State Realty Trust's acquired below-market ground leases, net changed year-over-year?
- Empire State Realty Trust's acquired below-market ground leases, net decreased by 2.5% year-over-year, from $311.45M to $303.62M.
- What is the long-term trend for Empire State Realty Trust's acquired below-market ground leases, net?
- Over 5 years (2020 to 2025), Empire State Realty Trust's acquired below-market ground leases, net has grown at a -2.4% compound annual growth rate (CAGR), from $344.74M to $305.58M.
- What does acquired below-market ground leases, net mean?
- This represents the intangible asset value created when a company acquires a ground lease at terms more favorable than current market rates. It is amortized over the remaining term of the lease to reflect the economic benefit of the below-market obligation. This metric is critical for understanding the impact of lease structures on the company's overall cost of occupancy.