Filing Flows › Empire State Realty Trust (ESRT) › Q2 2026
Empire State Realty Trust (ESRT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Empire State Realty Trust (ESRT) reported revenue of $197M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was -70.4%, net loss $39.6M (20.1% of revenue).
Empire State Realty Trust, Q2 2026: revenue $197M (+3% year over year), operating margin -70.4%, net loss $39.6M, operating cash flow $19.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +3% | +3% |
| Operating profit | −$139M | -571% | -495% |
| Net earnings | −$39.6M | -3303% | -707% |
| Operating cash flow | $19.5M | -72% | -27% |
What changed
Revenue was $196.9M in Q2 2026, up 3% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $138.7M, an operating margin of -70.4%. Total costs grew 115% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+126%). The quarter ended with a net loss of $39.6M, after a profit of $3.0M the previous quarter. Minority interests bore $13.7M of it: to shareholders the quarter was a loss of $25.8M. Non-operating items added $98.4M, -244% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $19.5M (down 27% year over year). Non-cash charges added back $50.4M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $31.0M exceeded it, leaving free cash flow of −$11.4M.
Questions
What was Empire State Realty Trust's revenue in the second quarter 2026?
Empire State Realty Trust (ESRT) reported revenue of $197M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +3% from the quarter before.
Was Empire State Realty Trust profitable in the second quarter 2026?
Operating loss was $139M (-70.4% of revenue) and net loss $39.6M.