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Empire State Realty Trust ESRT Acquired below-market ground leases

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-38.6%
Enterprise value$3.31B-6.6%
P/E14.8×-2.1×
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 esrt:BelowMarketGroundLeaseGross.

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?
Empire State Realty Trust (ESRT) reported acquired below-market ground leases of $396.92M in Q1 2026.
How has Empire State Realty Trust's acquired below-market ground leases changed year-over-year?
Empire State Realty Trust's acquired below-market ground leases decreased by 0.0% year-over-year, from $396.92M to $396.92M.
What is the long-term trend for Empire State Realty Trust's acquired below-market ground leases?
Over 5 years (2020 to 2025), Empire State Realty Trust's acquired below-market ground leases has grown at a 0.0% compound annual growth rate (CAGR), from $396.92M to $396.92M.