Empire State Realty Trust ESRT Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total operating income by Business | ||||||
| Observatory | $11.72M-26.0% | $13.79M-14.2% | $15.21M+9.5% | $15.08M+36.1% | $15.85M+54.1% | |
| Real Estate | $396.46M+0.4% | $387.98M-2.2% | $388.27M-1.1% | $392.46M+1.7% | $394.97M+3.4% | |
| Revenue, excluding third-party management and other fees by Business | ||||||
| Observatory | $123.68M-8.3% | $128.33M-5.9% | $131.37M-2.2% | $134.72M+1.7% | $134.94M+2.4% | |
| Real Estate | $653.52M+3.6% | $638.46M+1.3% | $633.78M+11.6% | $632.43M+8.3% | $630.53M+3.9% | |
| Revenues, Excluding Third-Party Management And Other Fees by Business | ||||||
| Observatory | $123.68M-8.3% | $128.33M-5.9% | $131.37M+0.7% | $134.72M+9.2% | $134.94M+11.0% | |
| Real Estate | $727.49M+2.0% | $714.76M+0.1% | $712.76M+1.2% | $714.69M+3.1% | $713.1M+3.4% | |
| Segment Operating Expenses by Business | ||||||
| Observatory | $111.95M-6.0% | $114.54M-4.8% | $116.16M-0.3% | $119.64M+6.5% | $119.09M+7.0% | |
| Real Estate | $331.03M+4.1% | $326.78M+3.0% | $324.49M+4.1% | $322.22M+4.9% | $318.14M+3.5% | |
| Intercompany rental revenue by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $73.97M-10.4% | $76.31M-8.6% | $78.98M-3.7% | $82.26M+1.9% | $82.57M+2.4% | |
| Segment assets by Business | ||||||
| Observatory | $1.06B+0.8% | $1.06B+1.2% | $1.06B+1.6% | $1.06B+1.7% | $1.05B+2.0% | |
| Real Estate | $16B-2.7% | $15.71B-4.9% | $15.75B-3.0% | $16.08B+0.4% | $16.44B+4.2% | |
| Other segment expenses by Business | ||||||
| Observatory | $73.97M-10.4% | $76.31M-8.6% | $78.98M-2.1% | $82.26M+6.4% | $82.57M+8.0% | |
| Real Estate | $143.63M+3.4% | $142.07M+2.8% | $140.94M+2.7% | $139.69M+2.0% | $138.96M+1.5% | |
| Property operating expenses by Business | ||||||
| Observatory | $0— | $0— | $0— | $0— | $0— | |
| Real Estate | $187.4M+4.6% | $184.71M+3.1% | $183.54M+4.6% | $182.54M+5.9% | $179.18M+5.2% | |
| Observatory expenses by Business | ||||||
| Observatory | $37.99M+4.0% | $38.24M+3.8% | $37.18M+2.2% | $37.39M+3.4% | $36.52M+1.9% | |
| Real Estate | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Observatory | $910M0.0% | $910M0.0% | $910M0.0% | $910M0.0% | $910M0.0% | |
| Real Estate | $1.06B0.0% | $1.06B0.0% | $1.06B0.0% | $1.06B0.0% | $1.06B0.0% |
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.
