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Empire State Realty Trust Inc (ESRT)
:ESRT
US Market
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Empire State Realty (ESRT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 25, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.07
Same Quarter Last Year
Based on 4 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call reflects a strong operational performance with significant leasing activity and financial stability. Positive developments in the observatory business and sustainability achievements are overshadowed slightly by challenges in international visitation and retail rent growth, but these do not significantly impact the overall positive outlook.
Company Guidance
During the Empire State Realty Trust third quarter 2025 earnings call, the company reaffirmed its 2025 guidance and reported Funds from Operations (FFO) above consensus. The portfolio remains highly leased, with a 90.3% occupancy rate in Manhattan offices and consistent positive marks-to-market for the 17th consecutive quarter. The company disclosed its recent signing of 50,000 square feet of leases post-third quarter and 150,000 square feet in negotiation. The management highlighted a strong balance sheet with a net debt to EBITDA of 5.6x and no unaddressed maturities until the end of 2026. The Observatory business generated approximately $26.5 million of NOI in the third quarter with a revenue per capita increase of 2.7% year-over-year. Looking ahead, Empire State Realty Trust continues to focus on leasing, growing Observatory revenues, maintaining balance sheet flexibility, pursuing growth opportunities, and advancing sustainability goals.
Strong Leasing Activity
Empire State Realty Trust (ESRT) signed 88,000 square feet of new and renewal leases in Q3, with an additional 50,000 square feet signed post-quarter and 150,000 square feet in negotiation. Manhattan office occupancy increased 80 basis points sequentially to 90.3%.
Positive Financial Metrics
Reported core FFO of $0.23 per diluted share. Same-store property cash NOI increased 1.1% year-over-year. Core FAD increased from $11.9 million in Q2 to $40.4 million in Q3.
Observatory Business Performance
Generated approximately $26.5 million of NOI in Q3 with revenue per capita increasing 2.7% year-over-year. The Empire State Building Observatory remains a resilient asset with steady domestic demand.
Sustainability Achievements
ESRT achieved the highest possible GRESB 5-star rating for the sixth consecutive year, demonstrating leadership in environmental stewardship.
Successful Retail Leasing
Announced leases with Tourneau for a Rolex store, Tocovus, and HOKA within the North Sixth Street collection, highlighting strategic retail development success.

Empire State Realty (ESRT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

ESRT Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 25, 2026
2025 (Q4)
- / -
0.07
Oct 29, 2025
2025 (Q3)
- / 0.05
0.08-37.50% (-0.03)
Jul 23, 2025
2025 (Q2)
- / 0.04
0.1-60.00% (-0.06)
Apr 29, 2025
2025 (Q1)
- / 0.05
0.0366.67% (+0.02)
Feb 19, 2025
2024 (Q4)
- / 0.07
0.0616.67% (+0.01)
Oct 21, 2024
2024 (Q3)
- / 0.08
0.0714.29% (<+0.01)
Jul 24, 2024
2024 (Q2)
- / 0.10
0.14-28.57% (-0.04)
Apr 24, 2024
2024 (Q1)
- / 0.03
0.04-25.00% (-0.01)
Feb 20, 2024
2023 (Q4)
- / 0.06
0.08-25.00% (-0.02)
Oct 25, 2023
2023 (Q3)
- / 0.07
0.03133.33% (+0.04)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

ESRT Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
$7.62$7.16-6.04%
Jul 23, 2025
$7.90$7.35-6.96%
Apr 29, 2025
$6.90$7.06+2.32%
Feb 19, 2025
$8.90$8.64-2.92%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Empire State Realty Trust Inc (ESRT) report earnings?
Empire State Realty Trust Inc (ESRT) is schdueled to report earning on Feb 25, 2026, After Close (Confirmed).
    What is Empire State Realty Trust Inc (ESRT) earnings time?
    Empire State Realty Trust Inc (ESRT) earnings time is at Feb 25, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is ESRT EPS forecast?
          Currently, no data Available
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