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FY'25FY'24FY'23FY'22
Total operating income by Business
Observatory$13.79M-14.2%$16.07M+18.2%$13.59M+36.7%$9.94M
Real Estate$387.98M-2.2%$396.53M+2.8%$385.62M-2.2%$394.39M
Revenue, excluding third-party management and other fees by Business
Observatory$128.33M-5.9%$136.38M+5.4%$129.37M+22.1%$105.98M+155%
Real Estate$638.46M+1.3%$630.38M+3.5%$608.86M-1.8%$619.7M+2.3%
Revenues, Excluding Third-Party Management And Other Fees by Business
Observatory$128.33M-5.9%$136.38M+5.4%$129.37M+22.1%$105.98M
Real Estate$714.76M+0.1%$713.85M+3.6%$689.37M+0.7%$684.71M
Segment Operating Expenses by Business
Observatory$114.54M-4.8%$120.31M+3.9%$115.78M+20.6%$96.04M
Real Estate$326.78M+3.0%$317.33M+4.5%$303.75M+4.6%$290.32M
Intercompany rental revenue by Business
Observatory$0$0$0$0
Real Estate$76.31M-8.6%$83.48M+3.7%$80.51M+23.9%$65.01M+178%
Segment assets by Business
Observatory$1.06B+1.2%$1.05B+2.1%$1.03B+3.2%$997.07M+2.6%
Real Estate$15.71B-4.9%$16.52B+4.9%$15.75B-0.5%$15.83B+0.8%
Other segment expenses by Business
Observatory$76.31M-8.6%$83.48M+3.7%$80.51M+23.9%$65.01M
Real Estate$142.07M+2.8%$138.15M+1.3%$136.43M+3.1%$132.38M
Property operating expenses by Business
Observatory$0$0$0$0
Real Estate$184.71M+3.1%$179.18M+7.1%$167.32M+5.9%$157.94M+24.4%
Observatory expenses by Business
Observatory$38.24M+3.8%$36.83M+4.4%$35.27M+13.6%$31.04M+33.7%
Real Estate$0$0$0$0
Goodwill by Business
Observatory$910M0.0%$910M0.0%$910M0.0%$910M
Real Estate$1.06B0.0%$1.06B0.0%$1.06B0.0%$1.06B

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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.