Empire State Realty Trust ESRT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total operating income by Business | ||||||
| Observatory | -$2.18M-153% | $4.15M-34.6% | $6.34M+85.9% | $3.41M+3,015% | -$117K-102% | |
| Real Estate | $99.67M-0.4% | $100.06M+1.1% | $98.95M+1.2% | $97.79M+7.2% | $91.19M-9.1% | |
| Revenue, excluding third-party management and other fees by Business | ||||||
| Observatory | $18.51M-47.5% | $35.23M-2.2% | $36.04M+6.3% | $33.9M+46.4% | $23.16M-39.5% | |
| Real Estate | $171.54M+4.8% | $163.75M+1.5% | $161.29M+2.8% | $156.94M+0.3% | $156.47M-1.6% | |
| Revenues, Excluding Third-Party Management And Other Fees by Business | ||||||
| Observatory | $18.51M-47.5% | $35.23M-2.2% | $36.04M+6.3% | $33.9M+46.4% | $23.16M-39.5% | |
| Real Estate | $184.36M+0.2% | $184.05M+1.4% | $181.47M+2.2% | $177.61M+3.5% | $171.63M-5.7% | |
| Segment Operating Expenses by Business | ||||||
| Observatory | $20.69M-33.4% | $31.08M+4.7% | $29.7M-2.6% | $30.49M+31.0% | $23.28M-28.8% | |
| Real Estate | $84.69M+0.8% | $83.99M+1.8% | $82.53M+3.4% | $79.82M-0.8% | $80.44M-1.5% | |
| Intercompany rental revenue by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $12.82M-36.8% | $20.3M+0.5% | $20.19M-2.3% | $20.67M+36.3% | $15.16M-34.0% | |
| Segment assets by Business | ||||||
| Observatory | $263.38M-2.2% | $269.28M+1.4% | $265.68M+0.2% | $265.11M+0.7% | $263.16M-1.6% | |
| Real Estate | $4.14B-1.4% | $4.2B+9.3% | $3.84B+0.7% | $3.81B-1.0% | $3.85B-9.2% | |
| Other segment expenses by Business | ||||||
| Observatory | $12.82M-36.8% | $20.3M+0.5% | $20.19M-2.3% | $20.67M+36.3% | $15.16M-34.0% | |
| Real Estate | $36.94M+2.1% | $36.17M+1.7% | $35.57M+1.8% | $34.94M-1.2% | $35.38M+0.9% | |
| Property operating expenses by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $47.74M-0.2% | $47.82M+1.8% | $46.96M+4.6% | $44.88M-0.4% | $45.06M-3.4% | |
| Observatory expenses by Business | ||||||
| Observatory | $7.87M-27.1% | $10.79M+13.4% | $9.51M-3.2% | $9.82M+21.0% | $8.12M-16.6% | |
| Real Estate | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Observatory | $227.5M0.0% | $227.5M0.0% | $227.5M0.0% | $227.5M0.0% | $227.5M0.0% | |
| Real Estate | $264M0.0% | $264M0.0% | $264M0.0% | $264M0.0% | $264M0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Empire State Realty Trust break its business down?
- Empire State Realty Trust (ESRT) reports total operating income by business across 2 parts — Observatory and Real Estate. Each is extracted from the segment footnotes and tracked over time.
- Where does Empire State Realty Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Empire State Realty Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
