NYSE · Real estate

Empire State Realty OP, L.P. (ESBA)

Empire State Realty OP, L.P. brought in $784.2M of revenue over the twelve months to June 30, 2026, up 2.0% from a year earlier. Net income was $5.1M, a net margin of 0.6%. Operating cash flow minus capital spending left $50.6M of free cash flow in fiscal 2025. At June 30, 2026 it held $85.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

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Price

$4.00

0.00% on the day · September 24, 2026

52-week range $3.85 to $8.30

Market cap

Revenue (last 12 months)

$784.2M

+2.0% year on year

Net margin

0.6%

P/E

16.0

on FY2025 diluted EPS

What Empire State Realty OP, L.P. does

Empire State Realty OP, L.P. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker ESBA.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$768.3M	$135.6M	$68.8M	$0.25	$50.6M
2024	$767.9M	$158.7M	$76.2M	$0.28	$88M
2023	$739.6M	$146.7M	$80.1M	$0.30	$63.3M
2022	$727M	$127M	$59.3M	$0.22	$125.2M
2021	$624.1M	$79.1M	-$17.2M	-$0.06	-$185.9M
2020	$609.2M	$58.7M	-$27.1M	-$0.10	$78.2M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 4, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 5, 2025. Not a date the company has announced. See the report calendar

Where ESBA ranks in Real estate

Revenue$768.3M

#77 of 195 in Real estate · Top 39%

Revenue growth+0.0%

#122 of 180 in Real estate · Bottom 32%

Net margin9.0%

#95 of 183 in Real estate · Bottom 48%

Free cash flow margin6.6%

#66 of 102 in Real estate · Bottom 36%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Dividends

It paid out $39M in cash dividends, 57% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	n/a	$39M	57%
2024	n/a	$38.3M	50%
2023	n/a	$37.1M	46%
2022	n/a	$38.6M	65%
2021	n/a	$28.6M	n/a
2020	n/a	$60.9M	n/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Empire State Realty OP, L.P. has filed recently, newest first. Each links to the original document on SEC EDGAR.

August 6, 2026
Quarterly report 10-Q · period to June 30, 2026Revenue rose 3% to $196.9M versus the same quarter last year; diluted EPS -$0.15 versus $0.04.
May 7, 2026
Quarterly report 10-Q · period to March 31, 2026Revenue rose 5.7% to $190.3M versus the same quarter last year; diluted EPS $0.01 versus $0.05.
March 2, 2026
Annual report 10-K · period to December 31, 2025Revenue was flat at $768.3M versus the prior year; diluted EPS $0.25 versus $0.28.
November 5, 2025
Quarterly report 10-Q · period to September 30, 2025Revenue fell 0.9% to $197.7M versus the same quarter last year; diluted EPS $0.05 versus $0.08.
August 6, 2025
Quarterly report 10-Q · period to June 30, 2025Revenue was $191.3M; diluted EPS was $0.04.
May 7, 2025
Quarterly report 10-Q · period to March 31, 2025Revenue was $180.1M; diluted EPS was $0.05.
April 29, 2025
Quarterly results 8-K
April 3, 2025
Executive or director change 8-K
February 28, 2025
Annual report 10-K · period to December 31, 2024Revenue rose 3.8% to $767.9M versus the prior year; diluted EPS $0.28 versus $0.30.
February 19, 2025
Quarterly results 8-K

What is ESBA worth? A DCF from its reported cash flow

All filings on SEC EDGAR

Questions about ESBA

What does Empire State Realty OP, L.P. do?

Empire State Realty OP, L.P. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker ESBA.

Is Empire State Realty OP, L.P. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $5.1M on revenue of $784.2M, a net margin of 0.6%.

How much revenue does Empire State Realty OP, L.P. make?

Over the twelve months to June 30, 2026 Empire State Realty OP, L.P. reported revenue of $784.2M. That is 2.0% more than a year earlier.

When did Empire State Realty OP, L.P. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026.

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Where the numbers come from

Financial figures are the values Empire State Realty OP, L.P. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.