Empire St Rlty Tr Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Empire St Rlty Tr Inc has an operating margin of 20.7%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 19.8% the prior year.
Empire St Rlty Tr Inc's revenue grew a modest 3.8% year-over-year to $767.9M. This slow but positive growth earns a score of 40/100.
Empire St Rlty Tr Inc has elevated debt relative to equity (D/E of 2.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Empire St Rlty Tr Inc's ROE of 7.8% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 8.6% the prior year.
Empire St Rlty Tr Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Empire St Rlty Tr Inc generates $3.25 in operating cash flow ($260.9M OCF vs $80.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Empire St Rlty Tr Inc earns $1.5 in operating income for every $1 of interest expense ($158.7M vs $105.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Empire St Rlty Tr Inc (ESRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Empire St Rlty Tr Inc generated $767.9M in revenue in fiscal year 2024. This represents an increase of 3.8% from the prior year.
Empire St Rlty Tr Inc's EBITDA was $343.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.1% from the prior year.
Empire St Rlty Tr Inc reported $80.4M in net income in fiscal year 2024. This represents a decrease of 4.8% from the prior year.
Empire St Rlty Tr Inc earned $0.28 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6.7% from the prior year.
Empire St Rlty Tr Inc held $385.5M in cash against $0 in long-term debt as of fiscal year 2024.
Empire St Rlty Tr Inc paid $0.14 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Empire St Rlty Tr Inc's operating margin was 20.7% in fiscal year 2024, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Empire St Rlty Tr Inc's net profit margin was 10.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Empire St Rlty Tr Inc's ROE was 7.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the prior year.
Empire St Rlty Tr Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
ESRT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.7M+3.4% | $191.3M+6.2% | $180.1M-8.9% | $197.6M+4.3% | $189.5M+4.6% | $181.2M-6.1% | $192.9M+0.7% | $191.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $18.7M+0.3% | $18.7M+10.3% | $16.9M-5.2% | $17.9M-0.8% | $18.0M+12.8% | $16.0M-1.1% | $16.1M+0.8% | $16.0M |
| Operating Income | $39.3M+12.0% | $35.1M+36.2% | $25.8M-39.9% | $42.9M+9.1% | $39.4M+26.7% | $31.1M-23.8% | $40.8M-3.5% | $42.3M |
| Interest Expense | $25.2M+0.3% | $25.1M-6.7% | $26.9M-1.6% | $27.4M+8.1% | $25.3M+0.8% | $25.1M-1.0% | $25.4M0.0% | $25.4M |
| Income Tax | $1.6M+244.1% | $478K+177.2% | -$619K-153.8% | $1.2M+53.5% | $750K+214.5% | -$655K-136.6% | $1.8M+27.2% | $1.4M |
| Net Income | $13.6M+19.9% | $11.4M-27.8% | $15.8M-16.0% | $18.8M-34.2% | $28.6M+179.5% | $10.2M-35.5% | $15.8M-20.6% | $19.9M |
| EPS (Diluted) | $0.05+25.0% | $0.04-20.0% | $0.05-28.6% | $0.07-30.0% | $0.10+233.3% | $0.03-40.0% | $0.05-28.6% | $0.07 |
ESRT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.1B+0.7% | $4.1B-0.9% | $4.1B-8.8% | $4.5B+1.7% | $4.4B+5.8% | $4.2B-0.7% | $4.2B+0.1% | $4.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $154.1M+62.8% | $94.6M-49.6% | $187.8M-51.3% | $385.5M-28.0% | $535.5M+60.5% | $333.6M-3.8% | $346.6M-2.1% | $354.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M |
| Total Liabilities | $2.3B+0.8% | $2.3B-1.7% | $2.3B-14.7% | $2.7B+1.7% | $2.7B+8.8% | $2.5B-0.9% | $2.5B+0.2% | $2.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.0B+0.5% | $1.0B+0.6% | $1.0B+0.1% | $1.0B+1.9% | $1.0B+1.5% | $996.1M+1.1% | $985.5M-0.2% | $987.1M |
| Retained Earnings | -$53.1M+3.7% | -$55.1M+0.8% | -$55.5M+5.7% | -$58.9M+18.1% | -$71.9M+13.6% | -$83.2M-0.1% | -$83.1M+3.9% | -$86.5M |
ESRT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $105.3M+294.1% | $26.7M-67.9% | $83.1M+66.2% | $50.0M+34.8% | $37.1M-47.7% | $70.9M+94.6% | $36.4M-59.6% | $90.1M |
| Capital Expenditures | N/A | N/A | N/A | $168.0M+852.6% | $17.6M-63.0% | $47.7M+5.0% | $45.4M-19.2% | $56.2M |
| Free Cash Flow | N/A | N/A | N/A | -$65.1M-434.2% | $19.5M-16.1% | $23.2M+358.7% | -$9.0M-126.5% | $33.9M |
| Investing Cash Flow | -$32.5M+71.3% | -$113.5M-169.8% | -$42.1M+46.5% | -$78.7M-39.5% | -$56.4M+20.9% | -$71.3M-87.7% | -$38.0M+27.2% | -$52.1M |
| Financing Cash Flow | -$11.7M+15.5% | -$13.9M+94.0% | -$233.0M-1841.9% | -$12.0M-105.7% | $210.5M+1088.2% | -$21.3M-70.7% | -$12.5M+3.1% | -$12.9M |
| Dividends Paid | $5.9M+0.5% | $5.9M+0.7% | $5.9M+0.6% | $5.8M+1.0% | $5.8M+0.4% | $5.8M+1.1% | $5.7M+0.4% | $5.7M |
| Share Buybacks | $0 | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
ESRT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 19.9%+1.5pp | 18.4%+4.0pp | 14.3%-7.4pp | 21.7%+1.0pp | 20.8%+3.6pp | 17.1%-4.0pp | 21.1%-0.9pp | 22.1% |
| Net Margin | 6.9%+1.0pp | 5.9%-2.8pp | 8.8%-0.8pp | 9.5%-5.6pp | 15.1%+9.4pp | 5.6%-2.6pp | 8.2%-2.2pp | 10.4% |
| Return on Equity | 1.3%+0.2pp | 1.1%-0.4pp | 1.5%-0.3pp | 1.8%-1.0pp | 2.8%+1.8pp | 1.0%-0.6pp | 1.6%-0.4pp | 2.0% |
| Return on Assets | 0.3%+0.1pp | 0.3%-0.1pp | 0.4%-0.0pp | 0.4%-0.2pp | 0.6%+0.4pp | 0.2%-0.1pp | 0.4%-0.1pp | 0.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 2.210.0 | 2.21-0.1 | 2.26-0.4 | 2.650.0 | 2.65+0.2 | 2.48-0.0 | 2.520.0 | 2.52 |
| FCF Margin | N/A | N/A | N/A | -32.6%-42.9pp | 10.3%-2.5pp | 12.8%+17.5pp | -4.7%-22.4pp | 17.7% |
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Frequently Asked Questions
What is Empire St Rlty Tr Inc's annual revenue?
Empire St Rlty Tr Inc (ESRT) reported $767.9M in total revenue for fiscal year 2024. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Empire St Rlty Tr Inc's revenue growing?
Empire St Rlty Tr Inc (ESRT) revenue grew by 3.8% year-over-year, from $739.6M to $767.9M in fiscal year 2024.
Is Empire St Rlty Tr Inc profitable?
Yes, Empire St Rlty Tr Inc (ESRT) reported a net income of $80.4M in fiscal year 2024, with a net profit margin of 10.5%.
What is Empire St Rlty Tr Inc's earnings per share (EPS)?
Empire St Rlty Tr Inc (ESRT) reported diluted earnings per share of $0.28 for fiscal year 2024. This represents a -6.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Empire St Rlty Tr Inc's EBITDA?
Empire St Rlty Tr Inc (ESRT) had EBITDA of $343.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Empire St Rlty Tr Inc's operating margin?
Empire St Rlty Tr Inc (ESRT) had an operating margin of 20.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Empire St Rlty Tr Inc's net profit margin?
Empire St Rlty Tr Inc (ESRT) had a net profit margin of 10.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Empire St Rlty Tr Inc pay dividends?
Yes, Empire St Rlty Tr Inc (ESRT) paid $0.14 per share in dividends during fiscal year 2024.
What is Empire St Rlty Tr Inc's return on equity (ROE)?
Empire St Rlty Tr Inc (ESRT) has a return on equity of 7.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Empire St Rlty Tr Inc's operating cash flow?
Empire St Rlty Tr Inc (ESRT) generated $260.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Empire St Rlty Tr Inc's total assets?
Empire St Rlty Tr Inc (ESRT) had $4.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Empire St Rlty Tr Inc's debt-to-equity ratio?
Empire St Rlty Tr Inc (ESRT) had a debt-to-equity ratio of 2.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Empire St Rlty Tr Inc's return on assets (ROA)?
Empire St Rlty Tr Inc (ESRT) had a return on assets of 1.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Empire St Rlty Tr Inc's Piotroski F-Score?
Empire St Rlty Tr Inc (ESRT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Empire St Rlty Tr Inc's earnings high quality?
Empire St Rlty Tr Inc (ESRT) has an earnings quality ratio of 3.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Empire St Rlty Tr Inc cover its interest payments?
Empire St Rlty Tr Inc (ESRT) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Empire St Rlty Tr Inc?
Empire St Rlty Tr Inc (ESRT) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.