Empire State Realty Trust ESRT Amortization of above and below Market Leases

Amortization of above and below Market Leases at other companies

Douglas EmmettDEI

-$595K+48.7%

ARE

Alexandria Real Estate EquitiesARE

-$5.62M+63.1%

UHT

Universal Health RealtyUHT

-$43K-2.4%

Franklin Street PropertiesFSP

$0+100%

FAQ

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 -$384K in Q2 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 54.3% year-over-year, from -$840K to -$384K.

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.