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-1,762% | $4.15M-25.6% | $6.34M+2.2% | $3.41M-18.5% | -$117K-219% | |
| Real Estate | $99.67M+9.3% | $100.06M-0.3% | $98.95M-4.1% | $97.79M-2.5% | $91.19M-1.7% | |
| Revenue, excluding third-party management and other fees by Business | ||||||
| Observatory | $18.51M-20.1% | $35.23M-8.0% | $36.04M-8.5% | $33.9M-0.7% | $23.16M-5.8% | |
| Real Estate | $171.54M+9.6% | $163.75M+2.9% | $161.29M+0.8% | $156.94M+1.2% | $156.47M+0.1% | |
| Revenues, Excluding Third-Party Management And Other Fees by Business | ||||||
| Observatory | $18.51M-20.1% | $35.23M-8.0% | $36.04M-8.5% | $33.9M-0.7% | $23.16M-5.8% | |
| Real Estate | $184.36M+7.4% | $184.05M+1.1% | $181.47M-1.1% | $177.61M+0.9% | $171.63M-0.4% | |
| Segment Operating Expenses by Business | ||||||
| Observatory | $20.69M-11.1% | $31.08M-4.9% | $29.7M-10.5% | $30.49M+1.8% | $23.28M-5.0% | |
| Real Estate | $84.69M+5.3% | $83.99M+2.8% | $82.53M+2.8% | $79.82M+5.4% | $80.44M+1.0% | |
| Intercompany rental revenue by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $12.82M-15.4% | $20.3M-11.6% | $20.19M-14.0% | $20.67M-1.5% | $15.16M-5.6% | |
| Segment assets by Business | ||||||
| Observatory | $263.38M+0.1% | $269.28M+0.7% | $265.68M+1.3% | $265.11M+1.2% | $263.16M+1.6% | |
| Real Estate | $4.14B+7.6% | $4.2B-1.0% | $3.84B-8.0% | $3.81B-8.6% | $3.85B-2.0% | |
| Other segment expenses by Business | ||||||
| Observatory | $12.82M-15.4% | $20.3M-11.6% | $20.19M-14.0% | $20.67M-1.5% | $15.16M-5.6% | |
| Real Estate | $36.94M+4.4% | $36.17M+3.2% | $35.57M+3.7% | $34.94M+2.1% | $35.38M+2.3% | |
| Property operating expenses by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $47.74M+6.0% | $47.82M+2.5% | $46.96M+2.2% | $44.88M+8.1% | $45.06M0.0% | |
| Observatory expenses by Business | ||||||
| Observatory | $7.87M-3.1% | $10.79M+10.9% | $9.51M-2.1% | $9.82M+9.6% | $8.12M-3.7% | |
| 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.
