Jun 2026 (Q2 FY26) — Jul 30, 2026
Empire State Realty Trust Q2 FY26 — Strong Real Estate Performance Offset by Observation Deck Weakness
Read the full callEmpire State Realty Trust earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 197 | +3.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -70.5 | −88.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
1Y: $7.25 on 14 Oct 2025 → $4.73. High $7.97 (24 Oct 2025), low $3.93 (18 Sept 2026).
Overview
Call summaries
Empire State Realty Trust Q2 FY26 — Strong Real Estate Performance Offset by Observation Deck Weakness
Read the full callEvery analysed call
Financials
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 200 | 198 | 180 | 191 | 198 | 199 | 190 | 197 |
| Operating profit | 45 | 43 | 26 | 35 | 39 | 35 | 29 | -139 |
| Operating margin | 22.7% | 21.7% | 14.3% | 18.4% | 19.9% | 17.8% | 15.5% | −70.5% |
| Interest | 27 | 27 | 27 | 25 | 25 | 26 | 28 | 28 |
| Profit before tax | 24 | 20 | 15 | 12 | 15 | 33 | 2 | -40 |
| Tax rate | 6.0% | 5.8% | −4.1% | 4.0% | 10.8% | 3.2% | −54.9% | 1.9% |
| EPS ($ per share) | 0.08 | — | 0.06 | 0.04 | 0.05 | — | 0.01 | -0.15 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 42 | 16 | -66 | -134 | -109 | -83 | -59 | -40 |
| Total liabilities | 2,205 | 1,984 | 2,419 | 2,598 | 2,481 | 2,488 | 2,728 | 2,647 |
| Investments | 400 | 0 | — | — | — | — | — | — |
| Total assets | 4,196 | 3,932 | 4,151 | 4,282 | 4,164 | 4,219 | 4,510 | 4,469 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 279 | 233 | 182 | 212 | 211 | 232 | 261 | 249 |
| Cash from investing | -643 | 150 | -143 | -213 | -231 | -77 | -397 | -550 |
| Cash from financing | 105 | -382 | 257 | -93 | -140 | -63 | 159 | 38 |
| Net cash flow | -259 | 1 | 296 | -93 | -160 | 92 | 22 | -263 |
| Capital expenditure | -500 | -506 | -247 | -493 | -212 | -308 | -173 | -198 |
| Free cash flow | -220 | -274 | -65 | -281 | -1 | -76 | 88 | 51 |
2 filings between Mar 13, 2026 and Oct 7, 2026.
Nobody bought or sold ESRT on the open market in this window. The filings below are 1 award and 1 conversion.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | MALKIN ANTHONY E Chairman and CEO | Conversion | 3,061,902 | $0 |
| Mar 13, 2026 | Sutherland Donna Jean Chief Accounting Officer | Award | 11,584 | $0 |
| Mar 24, 2025 | Durels Thomas P. EVP, Real Estate | Sale | 11,843 | $95.0K |
| Mar 21, 2025 | Durels Thomas P. EVP, Real Estate | Sale | 5,779 | $46.4K |
| Mar 20, 2025 | Durels Thomas P. EVP, Real Estate | Sale | 12,500 | $101.9K |
| Mar 19, 2025 | Durels Thomas P. EVP, Real Estate | Sale | 12,500 | $101.4K |
| Dec 24, 2024 | Durels Thomas P. EVP, Real Estate | Sale | 10,000 | $101.0K |
| Dec 18, 2024 | Durels Thomas P. EVP, Real Estate | Sale | 3,193 | $34.8K |
| Dec 17, 2024 | Durels Thomas P. EVP, Real Estate | Conversion | 100,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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