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Empire State Realty Trust vs Phillips Edison & Company: ESRT and PECO compared
Empire State Realty Trust is the larger company: $197M of revenue in its latest quarter (Q2 2026) against $193M for Phillips Edison & Company (Q3 2026). Phillips Edison & Company is growing faster (+6% against +3% a year earlier). Phillips Edison & Company is more profitable, with an operating margin of 35.6% against -70.4%.
Where the money goes: ESRT and PECO
Empire State Realty Trust (ESRT) · Q2 2026
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.
Phillips Edison & Company (PECO) · Q3 2026
Phillips Edison & Company, Q3 2026: revenue $193M (+6% year over year), operating margin 35.6%, net earnings $62.7M, operating cash flow $85.5M. The chart follows the revenue to costs, profit and cash.
| Empire State Realty Trust (ESRT) | Phillips Edison & Company (PECO) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $197M | $193M |
| Revenue growth, Y/Y | +3% | +6% |
| Operating margin | -70.4% | 35.6% |
| Net earnings | −$39.6M | $62.7M |
| Net margin | -20.1% | 32.5% |
| Operating cash flow | $19.5M | $85.5M |
| Free cash flow | — | $48.1M |
| Market value | — | $5.3B |
| P/E | — | 26.1× |
| Analysts’ mean target | — | $43.15 |
Questions
Which is bigger, Empire State Realty Trust or Phillips Edison & Company?
Empire State Realty Trust is the larger company: $197M of revenue in its latest quarter (Q2 2026) against $193M for Phillips Edison & Company (Q3 2026).
Is Empire State Realty Trust or Phillips Edison & Company growing faster?
Phillips Edison & Company is growing faster (+6% against +3% a year earlier).
Which is more profitable, Empire State Realty Trust or Phillips Edison & Company?
Phillips Edison & Company is more profitable, with an operating margin of 35.6% against -70.4%.
More: Empire State Realty Trust earnings · how Empire State Realty Trust makes money · Phillips Edison & Company earnings · how Phillips Edison & Company makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.