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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin17.9%+0.2pp17.7%-1.0pp18.7%-0.7pp19.4%-0.6pp20%-0.7pp
Net margin7.7%-1.8pp9.5%+1.7pp7.8%-1.2pp8.9%-2.3pp11.2%+0.7pp
Returns
Return on equity5.7%-1.2pp7%+1.2pp5.8%-0.9pp6.7%-1.8pp8.5%+0.5pp
Return on invested capital4.1%-12.8pp16.9%+12.4pp4.5%-0.3pp4.7%-0.1pp4.9%-20.0pp
Efficiency
Asset turnover0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Leverage
Debt-to-equity2.4×+2.3×-2.2×2.2×0.0×2.2×0.0×2.3×+2.2×
Net debt / EBITDA7.2×+7.6×-0.4×-6.8×6.4×-0.1×6.5×+0.4×6.1×+7.3×
Per Share
Book value per share$3.95+0.7%$3.93+1.7%$3.86+0.4%$3.85+0.4%$3.83-0.1%
Valuation
Market capitalization$889.74M-38.6%$1.11B-14.6%$1.3B-5.8%$1.38B+5.2%$1.31B-23.8%
Price / earnings14.8×-2.1×15.2×-6.6×21.8×+1.7×20.1×+4.8×15.3×-6.2×
Price / sales1.1×-0.7×1.4×-0.3×1.7×-0.1×1.8×+0.1×1.7×-0.5×
Price / book0.8×-0.6×-0.2×1.2×-0.1×1.3×+0.1×1.3×-0.4×
EV / EBITDA9.8×-0.5×2.9×-7.4×10.3×-0.3×10.6×+0.6×10×+6.1×
Dividend yield2.7%+1.1pp2.1%+0.3pp1.8%+0.1pp1.7%-0.1pp1.8%+0.4pp

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Questions, answered.

Where do Empire State Realty Trust's ratios come from?
Every ratio is computed from Empire State Realty Trust's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.