What is Empire State Realty Trust's land?

Empire State Realty Trust (ESRT) reported land of $465.27M in Q1 2026.

How has Empire State Realty Trust's land changed year-over-year?

Empire State Realty Trust's land increased by 20.4% year-over-year, from $386.42M to $465.27M.

What is the long-term trend for Empire State Realty Trust's land?

Over 5 years (2020 to 2025), Empire State Realty Trust's land has grown at a 17.9% compound annual growth rate (CAGR), from $201.2M to $458.66M.

Cost of owned land, which is not depreciated since land has an indefinite useful life.

Empire State Realty Trust ESRT Land

Land at other companies

ALX

Alexander'sALX

$30.62M-5.1%

Vornado RealtyVNO

$2.43B-0.4%

JBG SMITH PropertiesJBGS

$980.18M-11.0%

Piedmont Office Realty TrustPDM

$542.47M-1.5%

InvenTrust PropertiesIVT

$719.74M+1.0%

Essential Properties Realty TrustEPRT

$2.3B+18.2%

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:Land.

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 land?: Empire State Realty Trust (ESRT) reported land of $465.27M in Q1 2026.
How has Empire State Realty Trust's land changed year-over-year?: Empire State Realty Trust's land increased by 20.4% year-over-year, from $386.42M to $465.27M.
What is the long-term trend for Empire State Realty Trust's land?: Over 5 years (2020 to 2025), Empire State Realty Trust's land has grown at a 17.9% compound annual growth rate (CAGR), from $201.2M to $458.66M.
What does land mean?: Cost of owned land, which is not depreciated since land has an indefinite useful life.