ESRT Q1 2026 net income plummets 81% YoY to $3.0M; presents at REITweek

Empire State Realty OP, L.P.

Q1 2026 net income $3.0M, down 81% from $15.8M in Q1 2025.
Same Store cash NOI (ex-observatory and termination fees) $74.2M, up 5.5% YoY from $70.3M.
Adjusted EBITDA $80.3M vs $78.4M YoY, slight increase.
Observatory NOI $10.6M in Q1 2026 vs $15.0M in Q1 2025, down 29%.
Interest expense rose 4.4% to $28.1M; depreciation increased to $50.2M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.