v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate properties, at cost:    
Land $ 838,834 $ 458,662
Development costs 8,187 8,187
Building and improvements 3,629,227 3,739,058
Commercial real estate properties, at cost 4,476,248 4,205,907
Less: accumulated depreciation (1,335,719) (1,366,829)
Real estate properties, net 3,140,529 2,839,078
Cash and cash equivalents 85,605 132,657
Restricted cash 42,612 33,854
Tenant and other receivables 21,270 22,063
Deferred rent receivables 257,072 255,270
Prepaid expenses and other assets 100,394 93,355
Deferred costs, net 258,166 267,682
Right-of-use assets, including below-market ground leases, net 42,084 333,523
Goodwill 325,366 491,479
Total assets 4,273,098 4,468,961
Liabilities:    
Mortgage notes payable, net 443,102 619,269
Senior unsecured notes, net 1,271,149 1,270,668
Unsecured term loan facilities, net 337,125 336,794
Unsecured revolving credit facility 175,000 145,000
Accounts payable and accrued expenses 132,224 120,150
Acquired below-market leases, net 36,425 39,767
Ground lease liabilities 1,063 27,944
Deferred revenue and other liabilities 50,352 59,901
Tenants’ security deposits 36,949 27,276
Total liabilities 2,483,389 2,646,769
Commitments and contingencies
Empire State Realty Trust, Inc. stockholders' equity:    
Preferred stock, $0.01 par value per share, 50,000 shares authorized, none issued or outstanding 0 0
Additional paid-in capital 1,101,069 1,091,444
Accumulated other comprehensive income 12,523 6,501
Retained deficit (76,299) (39,648)
Total Empire State Realty Trust, Inc. stockholders' equity 1,039,021 1,060,002
Non-controlling interests in the Operating Partnership 720,748 732,250
Private perpetual preferred units:    
Total equity 1,789,709 1,822,192
Total liabilities and equity 4,273,098 4,468,961
Class A Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 1,718 1,695
Class B Common Stock    
Empire State Realty Trust, Inc. stockholders' equity:    
Common stock 10 10
Private Perpetual Preferred Units, Series 2019    
Private perpetual preferred units:    
Private perpetual preferred units 21,936 21,936
Private Perpetual Preferred Units, Series 2014    
Private perpetual preferred units:    
Private perpetual preferred units $ 8,004 $ 8,004