Empire State Realty OP, L.P. ESBA
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the "World's Most Famous Building," features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-15 | 2026-06-15 | 2026-06-30 | 2026-05-15 | $0.04 | Quarterly |
| 2026-03-13 | 2026-03-13 | 2026-03-31 | 2026-02-20 | $0.04 | Quarterly |
| 2025-12-15 | 2025-12-15 | 2025-12-31 | 2025-12-05 | $0.04 | Quarterly |
| 2025-09-15 | 2025-09-15 | 2025-09-30 | 2025-08-06 | $0.04 | Quarterly |
| 2025-06-13 | 2025-06-13 | 2025-06-30 | 2025-05-16 | $0.04 | Quarterly |
| 2025-03-14 | 2025-03-14 | 2025-03-31 | 2025-02-28 | $0.04 | Quarterly |
| 2024-12-16 | 2024-12-16 | 2024-12-31 | 2024-12-06 | $0.04 | Quarterly |
| 2024-09-16 | 2024-09-16 | 2024-09-30 | 2024-08-07 | $0.04 | Quarterly |
| 2024-06-14 | 2024-06-14 | 2024-06-28 | 2024-05-10 | $0.04 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-28 | 2024-03-01 | $0.04 | Quarterly |
| 2023-12-15 | 2023-12-18 | 2023-12-29 | 2023-12-08 | $0.04 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-09-29 | 2023-08-08 | $0.04 | Quarterly |
| 2023-06-14 | 2023-06-15 | 2023-06-30 | 2023-05-12 | $0.04 | Quarterly |
| 2023-03-14 | 2023-03-15 | 2023-03-31 | — | $0.04 | Quarterly |
| 2022-12-16 | 2022-12-19 | 2022-12-30 | 2022-12-09 | $0.04 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-09-30 | 2022-08-17 | $0.04 | Quarterly |
| 2022-06-14 | 2022-06-15 | 2022-06-30 | 2022-05-14 | $0.04 | Quarterly |
| 2022-03-14 | 2022-03-15 | 2022-03-31 | 2022-03-04 | $0.04 | Quarterly |
| 2021-12-17 | 2021-12-20 | 2021-12-31 | 2021-12-10 | $0.04 | Quarterly |
| 2021-09-14 | 2021-09-15 | 2021-09-30 | 2021-08-09 | $0.04 | Quarterly |
| 2021-06-14 | 2021-06-15 | 2021-06-30 | 2021-05-17 | $0.04 | Quarterly |
| 2020-06-18 | 2020-06-19 | 2020-06-30 | 2020-06-09 | $0.10 | Quarterly |
| 2020-03-13 | 2020-03-16 | 2020-03-31 | 2020-02-28 | $0.10 | Quarterly |
| 2019-12-20 | 2019-12-23 | 2019-12-31 | 2019-12-13 | $0.10 | Quarterly |
Coverage (payout of operating cash flow): 15.18%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $768.27M | $47.60M | $194.76M | $374.08M | $249.05M |
| 2024 | $763.15M | $51.64M | $184.82M | $377.57M | $260.89M |
| 2023 | $739.57M | $53.24M | $189.91M | $378.52M | $232.49M |
| 2022 | $707.01M | $40.64M | $216.89M | $382.86M | $211.17M |
| 2021 | $607.86M | $-6.51M | $201.81M | $281.43M | $212.49M |
| 2020 | $609.23M | $-12.52M | $191.01M | $251.05M | $182.29M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.