Filing Flows › Comparisons › KRG vs ESBA
Kite Realty Group Trust vs Empire State Realty OP, L.P.: KRG and ESBA compared
Kite Realty Group Trust is the larger company: $196M of revenue in its latest quarter (Q2 2026) against $193M for Empire State Realty OP, L.P. (Q3 2026). Empire State Realty OP, L.P. is growing faster (-2% against -8% a year earlier). Kite Realty Group Trust is more profitable, with an operating margin of 23.5% against 18.5%.
Where the money goes: KRG and ESBA
Kite Realty Group Trust (KRG) · Q2 2026
Kite Realty Group Trust, Q2 2026: revenue $196M (-8% year over year), operating margin 23.5%, net earnings $161M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
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 $3.1M. The chart follows the revenue to costs, profit and cash.
| Kite Realty Group Trust (KRG) | Empire State Realty OP, L.P. (ESBA) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $196M | $193M |
| Revenue growth, Y/Y | -8% | -2% |
| Operating margin | 23.5% | 18.5% |
| Net earnings | $161M | $3.1M |
| Net margin | 82.2% | 1.6% |
| Operating cash flow | $127M | — |
| Free cash flow | $88.9M | — |
| Market value | $4.8B | — |
| P/E | 14.9× | — |
| Analysts’ mean target | $28.20 | — |
Where the revenue comes from
Empire State Realty OP, L.P.
- Rental revenue: $162M (84%)
- Observatory revenue: $26.8M (14%)
- Other revenue and fees: $4.0M (2%)
- Third-party management and other fees: $277K (0%)
Questions
Which is bigger, Kite Realty Group Trust or Empire State Realty OP, L.P.?
Kite Realty Group Trust is the larger company: $196M of revenue in its latest quarter (Q2 2026) against $193M for Empire State Realty OP, L.P. (Q3 2026).
Is Kite Realty Group Trust or Empire State Realty OP, L.P. growing faster?
Empire State Realty OP, L.P. is growing faster (-2% against -8% a year earlier).
Which is more profitable, Kite Realty Group Trust or Empire State Realty OP, L.P.?
Kite Realty Group Trust is more profitable, with an operating margin of 23.5% against 18.5%.
More: Kite Realty Group Trust earnings · how Kite Realty Group Trust makes money · Empire State Realty OP, L.P. earnings · how Empire State Realty OP, L.P. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 30, 2026; 8-K filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.