Filing Flows › Empire State Realty OP, L.P. (ESBA) › Q3 2026 › vs Q2 2026
Empire State Realty OP, L.P. (ESBA) Q3 2026 vs Q2 2026 (quarter over quarter)
Empire State Realty OP, L.P.'s revenue fell $3.8M (-2%) from $197M in Q2 2026 to $193M in Q3 2026. The biggest changes: Other revenue and fees −$3.2M (-45%); Rental revenue −$3.2M (-2%); Observatory revenue +$2.6M (+11%). Operating margin 18.5% against -70.4% (+89.0 pts).
Empire State Realty OP, L.P., Q3 2026: revenue $193M (-2% year over year), operating margin 18.5%, net earnings $3.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 18.5% | -70.4% | +89.0 pts |
| Net margin | 1.6% | -20.6% | +22.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Rental revenue | $162M | $165M | −$3.2M | -2% |
| Observatory revenue | $26.8M | $24.2M | $2.6M | +11% |
| Other revenue and fees | $4.0M | $7.2M | −$3.2M | -45% |
| Third-party management and other fees | $277K | $268K | $9K | +3% |
| Revenue | $193M | $197M | −$3.8M | -2% |
| Operating profit | $35.8M | −$139M | $175M | — |
| Costs & expenses | $157M | $336M | −$178M | -53% |
| Pre-tax earnings | $7.8M | −$40.3M | $48.1M | — |
| Other expense, net | $28.0M | −$98.4M | $126M | — |
| General & admin | $17.2M | $25.1M | −$7.9M | -32% |
| Other operating costs | $140M | $310M | −$170M | -55% |
| Net earnings | $3.1M | −$40.6M | $43.7M | — |
| Minority interests | $2.8M | $1.1M | $1.8M | +168% |
| Income tax | $1.9M | −$767K | $2.6M | — |
Questions
How much did Empire State Realty OP, L.P.'s revenue grow quarter over quarter in Q3 2026?
Empire State Realty OP, L.P.'s revenue fell $3.8M (-2%) from $197M in Q2 2026 to $193M in Q3 2026.
What drove Empire State Realty OP, L.P.'s revenue change in Q3 2026?
Other revenue and fees −$3.2M (-45%); Rental revenue −$3.2M (-2%); Observatory revenue +$2.6M (+11%).