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Empire State Realty Trust ESRT Exchange Offer (Note 12)

Exchange Offer (Note 12) at other companies

JBG SMITH Properties logo
JBG SMITH PropertiesJBGS
$7.83M-19.5%
Centerspace logo
CenterspaceCSR
$43K-93.9%

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:ConversionOfStockAmountConverted1.

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 exchange offer (note 12)?
Empire State Realty Trust (ESRT) reported exchange offer (note 12) of $5.99M in Q1 2026.
How has Empire State Realty Trust's exchange offer (note 12) changed year-over-year?
Empire State Realty Trust's exchange offer (note 12) increased by 277.9% year-over-year, from $1.59M to $5.99M.
What is the long-term trend for Empire State Realty Trust's exchange offer (note 12)?
Over 4 years (2021 to 2025), Empire State Realty Trust's exchange offer (note 12) has grown at a 17.8% compound annual growth rate (CAGR), from $10.43M to $20.07M.
What does exchange offer (note 12) mean?
Represents the non-cash impact of converting one class of equity, such as operating partnership units or restricted shares, into common stock. This activity reflects changes in the company's capital structure and the dilution or consolidation of ownership interests. Investors monitor this to understand shifts in equity composition and the impact on earnings per share.