Empire State Realty Trust (ESRT) executive compensation, 2026 proxy

Anthony E. Malkin, Chairman and Chief Executive Officer, was paid $12.7M in 2025, down 4% from $13.2M the year before. The CEO-to-median-employee pay ratio was 170:1, on median employee pay of $74,545.

Filed
April 2, 2026
Pay year
2025
Named executives
4
CEO total pay
$12.7M-4% vs prior year
CEO to median employee
170:1median $74,545
CEO pay in equity
74%$9.4M in awards
Prior say-on-pay support
96%of votes cast
Total Revenue
$768M2025 financial performance
Core FFO per Share
$0.872025 financial performance
Say-on-Pay Support
96%Five-year average support
Median Employee Pay
$74,5452025 total compensation

How Malkin was paid

$12.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Bonus17%Stock awards74%All other compensation1%

Named executive officers

ExecutiveTotal
Anthony E. MalkinChairman and Chief Executive Officer$12,669,394
Christina ChiuPresident$6,398,091
Thomas P. DurelsExecutive Vice President, Real Estate$4,724,728
Stephen V. HornExecutive Vice President, Chief Financial Officer & Chief Accounting Officer$2,067,236

What changed and why

  • $13.2MCEO total compensation decreased from $13,191,601 in 2024 to $12,669,394 in 2025.
  • 96%Shareholders supported say-on-pay proposals with an average of 96% over five years.
  • 55%Performance-based equity represents 55% of the annual long-term equity incentive mix.
  • $0.87Core FFO per share reached $0.87 for the 2025 fiscal year.
  • $768MTotal revenue for 2025 was reported at $768M.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.