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Empire State Realty Trust ESRT Total Operating Expenses

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Other financials

Income statement

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Revenue$196.9M+3.0%
Operating income-$138.7M-495%
Net income-$39.6M-447%
EPS (diluted)-$0.15-475%

Balance sheet

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Cash & equivalents$128.2M-6.2%
Total debt$2.4B+3.1%
Total equity$1.0B+0.1%
Total assets$4.3B+4.8%

Cash flow

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Operating cash flow$19.5M-26.9%
CapEx$31.0M-62.1%
Free cash flow$50.7M+23.5%

Valuation

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Market cap$843.06M-33.8%
Enterprise value$3.12B-10.1%
P/E91.1×+72.5×
P/S1.1×-0.6×

Profitability

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Operating margin-4.4%-23.8pp
Net margin1.2%-7.8pp
FCF margin10.4%

Returns & leverage

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Return on equity0.9%-5.8pp
Debt / equity2.3×+0.1×

Where this comes from

Reported directly by Empire State Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Empire State Realty Trust’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001541401-26-000033
(amounts in thousands, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Real estate taxes32,91232,60767,52565,657
Goodwill impairment charge166,113166,113
Depreciation and amortization50,38947,802100,60896,581
Total operating expenses335,612156,128496,480310,406
Total operating income (loss)(138,713)35,122(109,256)60,910
Other income (expense):
Interest income1,5751,8672,1885,653
Interest expense(27,805)(25,126)(55,942)(52,064)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Empire State Realty Trust's total operating expenses?
Empire State Realty Trust (ESRT) reported total operating expenses of $335.61M in Q2 2026.
How has Empire State Realty Trust's total operating expenses changed year-over-year?
Empire State Realty Trust's total operating expenses increased by 115.0% year-over-year, from $156.13M to $335.61M.
What is the long-term trend for Empire State Realty Trust's total operating expenses?
Over 4 years (2021 to 2025), Empire State Realty Trust's total operating expenses has grown at a 3.8% compound annual growth rate (CAGR), from $544.96M to $632.62M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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