Empire State Realty Trust ESRT Amortization of above and below Market Leases
Amortization of above and below Market Leases at other companies
Other financials
Where this comes from
Reported directly by Empire State Realty Trust in its filing.
Tagged under the XBRL concept us-gaap:AmortizationOfAboveAndBelowMarketLeases.
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 amortization of above and below market leases?
- Empire State Realty Trust (ESRT) reported amortization of above and below market leases of -$670K in Q1 2026.
- How has Empire State Realty Trust's amortization of above and below market leases changed year-over-year?
- Empire State Realty Trust's amortization of above and below market leases increased by 16.0% year-over-year, from -$798K to -$670K.
- What is the long-term trend for Empire State Realty Trust's amortization of above and below market leases?
- Over 4 years (2021 to 2025), Empire State Realty Trust's amortization of above and below market leases has grown at a -14.0% compound annual growth rate (CAGR), from -$5.84M to -$3.2M.
- What does amortization of above and below market leases mean?
- This represents the non-cash amortization of the fair value adjustments recorded for acquired leases that were above or below market rates at the time of acquisition. It adjusts net income to reflect the actual cash rental income generated by the property portfolio. Investors use this to normalize earnings by removing the impact of purchase price accounting.