Reports Q1 Revenue of $190.3 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
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Should l Buy ESRT?
Reports Q1 revenue $190.3M.
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Analyst Views on ESRT
Wall Street analysts forecast ESRT stock price to rise
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 5.560
Low
8.30
Averages
9.46
High
11.00
Current: 5.560
Low
8.30
Averages
9.46
High
11.00
About ESRT
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Empire State Realty Trust Q1 Earnings Beat Expectations
- Strong Financial Performance: Empire State Realty Trust reported a Q1 FFO of $0.20, beating expectations by $0.01, indicating robust profitability in the current economic climate.
- Significant Revenue Growth: The company achieved revenues of $190.33 million in Q1, a 5.7% year-over-year increase, surpassing analyst expectations by $1.15 million, reflecting strong performance in the Manhattan office market.
- Healthy Leasing Market: The positive leasing spreads in a healthy Manhattan office market demonstrate the company's success in attracting new tenants, further solidifying its market position.
- Investor Attention: Empire State Realty Trust's presentation at Citi's Miami Global Property CEO Conference garnered significant investor interest, highlighting the company's influence in the industry and potential for future growth.
See More
Empire State Realty Trust Unveils New Rooftop Lounge at 1333 Broadway
- Rooftop Lounge Opening: Empire State Realty Trust has grandly opened the new Rooftop at 1333 Broadway, marking the final piece of its Broadway portfolio aimed at enhancing tenant employee recruitment and retention capabilities.
- Versatile Venue: The new rooftop lounge accommodates up to 250 guests, featuring various seating options, a wet bar, audio-visual facilities, and charging stations, making it suitable for corporate gatherings, client events, and team celebrations.
- Prime Location: Located just steps from Grand Central and Penn Station, the rooftop further enhances the appeal of ESRT's office spaces, boosting tenant satisfaction.
- Comprehensive Amenities: The new rooftop lounge joins ESRT's other amenities, including the Town Hall and Tenant Lounge at 1400 Broadway, enriching the service experience for tenants.
See More
Empire State Building Achieves 49% Energy Reduction
- Sustainability Achievements: The Empire State Building has reduced energy consumption by 49% since 2007, and the entire office portfolio has seen a 39% reduction since 2009, enhancing the building's environmental friendliness and solidifying the company's leadership in sustainable architecture.
- Health Building Certifications: 100% of ESRT's properties are WELL Health-Safety Rated, receiving the WELL Health-Safety Leadership Award and Healthy Building Catalyst Award for the third consecutive year, demonstrating the company's ongoing commitment to tenant health and safety.
- LEED Certification Milestone: The Empire State Building has become the first LEEDv5 Platinum building in New York State, marking a significant achievement in green building standards and providing a competitive edge in attracting environmentally conscious tenants.
- Corporate Citizenship Goals: The sustainability report outlines ESRT's corporate citizenship goals and achievements, including its renewed recognition as a Certified™ Great Place to Work®, which not only enhances employee satisfaction but also bolsters the company's reputation among investors.
See More
Empire State Building Celebrates 95th Anniversary with Exclusive Sundae
- Exclusive Dessert Launch: To celebrate the Empire State Building's 95th anniversary, Ghirardelli has created the Kong Sundae, priced at $18, featuring vanilla ice cream, hot fudge, whipped cream, and a chocolate Kong, showcasing Ghirardelli's commitment to quality and rich flavors, enticing visitors to enjoy a unique culinary experience.
- Limited-Time Event: The Kong Sundae will be exclusively available at the 86th Floor Observation Deck from April 10 to May 10, operating daily from 10 a.m. to 9 p.m., which is expected to attract a significant number of visitors, enhancing the deck's appeal and foot traffic.
- Observation Deck Experience Upgrade: The Empire State Building's observatory has undergone a $165 million redesign, offering 360-degree panoramic views, an interactive museum, and a newly designed 102nd Floor Observatory, further enhancing the overall visitor experience and solidifying its status as a top attraction in New York City.
- Brand Partnership Significance: This collaboration with Ghirardelli not only celebrates the building's history but also enhances brand image by providing a unique culinary experience, which is expected to drive future visitor growth and business opportunities.
See More
Empire State Building Launches Vibrant Spring Events
- Spring Events Unveiled: The Empire State Building has launched a series of spring events, including a new butterfly installation and treat pop-ups, aimed at attracting visitors and enhancing the sightseeing experience, which is expected to significantly boost visitor traffic and revenue.
- Special Event Schedule: During Easter, visitors can meet the Easter Bunny for photos from April 1 to 5, daily from 1 PM to 3 PM, designed to attract family visitors and enhance the festive atmosphere.
- Unique Birthday Celebrations: The Empire State Building has introduced a birthday celebration package offering VIP Observation Deck access and a private party room, starting at $90 per person, aimed at attracting family clients and increasing venue rental income.
- Observation Experience Upgrade: The Empire State Building's observation experience underwent a $165 million redesign, adding an interactive museum and a redesigned 102nd-floor observatory, enhancing visitor experience and further solidifying its status as a top tourist attraction in New York City.
See More
Empire State Realty Trust Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: Empire State Realty Trust will release its Q1 2026 financial results on April 29, 2026, after market close, showcasing its operational performance on the NYSE.
- Conference Call Details: A conference call is scheduled for April 30, 2026, at 12:00 p.m. Eastern Time, where company officers will review Q1 performance and conduct a Q&A session, enhancing investor engagement.
- Investor Materials Access: The earnings release, supplemental materials, and investor presentation will be available on the company's website prior to the conference call, ensuring investors receive timely information for informed decision-making.
- Company Overview: Empire State Realty Trust focuses on NYC real estate, owning approximately 7.9 million square feet of office space and 743 residential units, committed to enhancing energy efficiency and indoor environmental quality, further solidifying its market leadership.
See More
Empire State Realty Trust Q1 Earnings Beat Expectations
- Strong Financial Performance: Empire State Realty Trust reported a Q1 FFO of $0.20, beating expectations by $0.01, indicating robust profitability in the current economic climate.
- Significant Revenue Growth: The company achieved revenues of $190.33 million in Q1, a 5.7% year-over-year increase, surpassing analyst expectations by $1.15 million, reflecting strong performance in the Manhattan office market.
- Healthy Leasing Market: The positive leasing spreads in a healthy Manhattan office market demonstrate the company's success in attracting new tenants, further solidifying its market position.
- Investor Attention: Empire State Realty Trust's presentation at Citi's Miami Global Property CEO Conference garnered significant investor interest, highlighting the company's influence in the industry and potential for future growth.
See More
Empire State Realty Trust Unveils New Rooftop Lounge at 1333 Broadway
- Rooftop Lounge Opening: Empire State Realty Trust has grandly opened the new Rooftop at 1333 Broadway, marking the final piece of its Broadway portfolio aimed at enhancing tenant employee recruitment and retention capabilities.
- Versatile Venue: The new rooftop lounge accommodates up to 250 guests, featuring various seating options, a wet bar, audio-visual facilities, and charging stations, making it suitable for corporate gatherings, client events, and team celebrations.
- Prime Location: Located just steps from Grand Central and Penn Station, the rooftop further enhances the appeal of ESRT's office spaces, boosting tenant satisfaction.
- Comprehensive Amenities: The new rooftop lounge joins ESRT's other amenities, including the Town Hall and Tenant Lounge at 1400 Broadway, enriching the service experience for tenants.
See More
Empire State Building Achieves 49% Energy Reduction
- Sustainability Achievements: The Empire State Building has reduced energy consumption by 49% since 2007, and the entire office portfolio has seen a 39% reduction since 2009, enhancing the building's environmental friendliness and solidifying the company's leadership in sustainable architecture.
- Health Building Certifications: 100% of ESRT's properties are WELL Health-Safety Rated, receiving the WELL Health-Safety Leadership Award and Healthy Building Catalyst Award for the third consecutive year, demonstrating the company's ongoing commitment to tenant health and safety.
- LEED Certification Milestone: The Empire State Building has become the first LEEDv5 Platinum building in New York State, marking a significant achievement in green building standards and providing a competitive edge in attracting environmentally conscious tenants.
- Corporate Citizenship Goals: The sustainability report outlines ESRT's corporate citizenship goals and achievements, including its renewed recognition as a Certified™ Great Place to Work®, which not only enhances employee satisfaction but also bolsters the company's reputation among investors.
See More
Empire State Building Celebrates 95th Anniversary with Exclusive Sundae
- Exclusive Dessert Launch: To celebrate the Empire State Building's 95th anniversary, Ghirardelli has created the Kong Sundae, priced at $18, featuring vanilla ice cream, hot fudge, whipped cream, and a chocolate Kong, showcasing Ghirardelli's commitment to quality and rich flavors, enticing visitors to enjoy a unique culinary experience.
- Limited-Time Event: The Kong Sundae will be exclusively available at the 86th Floor Observation Deck from April 10 to May 10, operating daily from 10 a.m. to 9 p.m., which is expected to attract a significant number of visitors, enhancing the deck's appeal and foot traffic.
- Observation Deck Experience Upgrade: The Empire State Building's observatory has undergone a $165 million redesign, offering 360-degree panoramic views, an interactive museum, and a newly designed 102nd Floor Observatory, further enhancing the overall visitor experience and solidifying its status as a top attraction in New York City.
- Brand Partnership Significance: This collaboration with Ghirardelli not only celebrates the building's history but also enhances brand image by providing a unique culinary experience, which is expected to drive future visitor growth and business opportunities.
See More
Empire State Building Launches Vibrant Spring Events
- Spring Events Unveiled: The Empire State Building has launched a series of spring events, including a new butterfly installation and treat pop-ups, aimed at attracting visitors and enhancing the sightseeing experience, which is expected to significantly boost visitor traffic and revenue.
- Special Event Schedule: During Easter, visitors can meet the Easter Bunny for photos from April 1 to 5, daily from 1 PM to 3 PM, designed to attract family visitors and enhance the festive atmosphere.
- Unique Birthday Celebrations: The Empire State Building has introduced a birthday celebration package offering VIP Observation Deck access and a private party room, starting at $90 per person, aimed at attracting family clients and increasing venue rental income.
- Observation Experience Upgrade: The Empire State Building's observation experience underwent a $165 million redesign, adding an interactive museum and a redesigned 102nd-floor observatory, enhancing visitor experience and further solidifying its status as a top tourist attraction in New York City.
See More
Empire State Realty Trust Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: Empire State Realty Trust will release its Q1 2026 financial results on April 29, 2026, after market close, showcasing its operational performance on the NYSE.
- Conference Call Details: A conference call is scheduled for April 30, 2026, at 12:00 p.m. Eastern Time, where company officers will review Q1 performance and conduct a Q&A session, enhancing investor engagement.
- Investor Materials Access: The earnings release, supplemental materials, and investor presentation will be available on the company's website prior to the conference call, ensuring investors receive timely information for informed decision-making.
- Company Overview: Empire State Realty Trust focuses on NYC real estate, owning approximately 7.9 million square feet of office space and 743 residential units, committed to enhancing energy efficiency and indoor environmental quality, further solidifying its market leadership.
See More
