Filing Flows › Empire State Realty Trust (ESRT) › Q3 2026
Empire State Realty Trust (ESRT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Empire State Realty Trust (ESRT) reported revenue of $193M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -2% from the quarter before. Operating margin was 18.5%, net earnings $3.1M (1.6% of revenue).
Empire State Realty Trust, Q3 2026: revenue $193M (-2% year over year), operating margin 18.5%, net earnings $3.1M, operating cash flow $61.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | -2% | -2% |
| Operating profit | $35.8M | — | -9% |
| Net earnings | $3.1M | — | -61% |
| Operating cash flow | $61.4M | +214% | -42% |
| Free cash flow | $30.5M | — | -58% |
What changed
Revenue was $193.1M in Q3 2026, down 2% year over year and down 2% from the previous quarter.
Operating profit was $35.8M, a 18.5% margin (down 1.3 points year over year). Total costs fell 1% while revenue fell 2%. Net earnings were $3.1M, down 61% year over year. The effective tax rate was 24.1%.
Operating cash flow was $61.4M (down 42% year over year), 1042% of net income including minority interests. Non-cash charges added back $46.7M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items added $3.1M. Capital expenditures of $30.9M left free cash flow of $30.5M.
Questions
What was Empire State Realty Trust's revenue in the third quarter 2026?
Empire State Realty Trust (ESRT) reported revenue of $193M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -2% from the quarter before.
Was Empire State Realty Trust profitable in the third quarter 2026?
Operating profit was $35.8M (18.5% of revenue) and net earnings $3.1M.