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Empire State Realty OP, L.P. vs Empire State Realty Trust: ESBA and ESRT compared

Empire State Realty OP, L.P. is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $193M for Empire State Realty Trust (Q3 2026). Empire State Realty OP, L.P. is growing faster (-2% against -2% a year earlier). Empire State Realty OP, L.P. is more profitable, with an operating margin of 18.5% against 18.5%.

Empire State Realty OP, L.P. vs Empire State Realty Trust, latest quarterEmpire State Realty OP, L.P. vs Empire State Realty Trust, latest quarterEmpire State Realty OP, L.P. (ESBA)Empire State Realty Trust (ESRT)Revenue$193M$193MRevenue growth, Y/Y-2%-2%Operating margin18.5%18.5%Net margin2.5%1.6%Free cash flow$30.5M$30.5M

Where the money goes: ESBA and ESRT

Empire State Realty OP, L.P. (ESBA) · Q3 2026

Empire State Realty OP, L.P., Q3 2026: revenue $193M (-2% year over year), operating margin 18.5%, net earnings $4.8M, operating cash flow $61.4M. The chart follows the revenue to costs, profit and cash.

Empire State Realty Trust (ESRT) · Q3 2026

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.

Empire State Realty OP, L.P. (ESBA)Empire State Realty Trust (ESRT)
Latest quarterQ3 2026Q3 2026
Revenue$193M$193M
Revenue growth, Y/Y-2%-2%
Operating margin18.5%18.5%
Net earnings$4.8M$3.1M
Net margin2.5%1.6%
Operating cash flow$61.4M$61.4M
Free cash flow$30.5M$30.5M

Questions

Which is bigger, Empire State Realty OP, L.P. or Empire State Realty Trust?

Empire State Realty OP, L.P. is the larger company: $193M of revenue in its latest quarter (Q3 2026) against $193M for Empire State Realty Trust (Q3 2026).

Is Empire State Realty OP, L.P. or Empire State Realty Trust growing faster?

Empire State Realty OP, L.P. is growing faster (-2% against -2% a year earlier).

Which is more profitable, Empire State Realty OP, L.P. or Empire State Realty Trust?

Empire State Realty OP, L.P. is more profitable, with an operating margin of 18.5% against 18.5%.

More: Empire State Realty OP, L.P. earnings · how Empire State Realty OP, L.P. makes money · Empire State Realty Trust earnings · how Empire State Realty Trust makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.