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Multifamily NOI
Net operating income generated by the multifamily portfolio, showing profitability after property-level expenses. Strong multifamily NOI indicates resilient rental economics and contribution to overall cash flow; weakness highlights rent softness, higher operating costs, or adverse local market dynamics.Multifamily NOI is the portfolio’s leading growth engine—a steady, multi‑quarter uplift fueled by rent increases and very high occupancy (now >98%), which is materially boosting same‑store NOI and FAD to fund acquisitions and shore up the balance sheet. That strength helps offset office/Observatory seasonality, but the upside is contingent on continued leasing execution and rent momentum; a meaningful occupancy slowdown or broader macro weakness would quickly erode this cash‑flow cushion.
Date | Multifamily NOI |
|---|---|
Jun 30, 2026 | $5.22M |
Mar 31, 2026 | $5.07M |
Dec 31, 2025 | $5.13M |
Sep 30, 2025 | $5.28M |
Jun 30, 2025 | $5.17M |
Mar 31, 2025 | $4.64M |
Dec 31, 2024 | $4.17M |
Sep 30, 2024 | $4.51M |
Jun 30, 2024 | $4.53M |
Mar 31, 2024 | $4.22M |