Filing Flows › Empire State Realty Trust (ESRT) › Q1 2026 › vs Q1 2025
Empire State Realty Trust (ESRT) Q1 2026 vs Q1 2025 (year over year)
Empire State Realty Trust's revenue rose $10.3M (+6%) from $180M in Q1 2025 to $190M in Q1 2026. Operating margin 15.5% against 14.3% (+1.2 pts).
Empire State Realty Trust, Q1 2026: revenue $190M (+6% year over year), operating margin 15.5%, net earnings $1.2M, operating cash flow $68.9M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 14.3% | +1.2 pts |
| Net margin | 0.6% | 5.1% | -4.5 pts |
| Free cash flow margin | 26.7% | 22.8% | +3.8 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $190M | $180M | $10.3M | +6% |
| Operating profit | $29.5M | $25.8M | $3.7M | +14% |
| Costs & expenses | $161M | $154M | $6.6M | +4% |
| Pre-tax earnings | $1.9M | $15.2M | −$13.2M | -87% |
| Other expense, net | $27.5M | $10.6M | $16.9M | +159% |
| General & admin | $18.1M | $16.9M | $1.2M | +7% |
| Other operating costs | $143M | $137M | $5.4M | +4% |
| Income tax benefit | $1.1M | $619K | $443K | +72% |
| Net earnings | $1.2M | $9.2M | −$8.0M | -87% |
| Minority interests | $1.8M | $6.6M | −$4.8M | -73% |
| Depreciation & amortization | $50.2M | $48.8M | $1.4M | +3% |
| Share-based compensation | $5.9M | $5.0M | $892K | +18% |
| Working capital & other | $11.6M | $20.2M | −$8.6M | -43% |
| Operating cash flow | $68.9M | $83.1M | −$14.2M | -17% |
| Free cash flow (OCF − capex) | $50.7M | $41.1M | $9.6M | +23% |
| Capital expenditures | $18.2M | $42.1M | −$23.9M | -57% |
Questions
How much did Empire State Realty Trust's revenue grow year over year in Q1 2026?
Empire State Realty Trust's revenue rose $10.3M (+6%) from $180M in Q1 2025 to $190M in Q1 2026. Operating margin 15.5% against 14.3% (+1.2 pts).