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Empire State Realty OP, L.P. logo

Empire State Realty OP, L.P.

OGCP

AMEXReal EstateREIT - Diversified

Open in GoAI

Regular session

$4.70

−$0.04 · -0.84%

Aug 24, 10:19 AM ETData delayed

OGCP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

55

Fair Value

Momentum

29

Weakening

Sentiment

55

Mixed

Risk resilience

32

High Risk

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Company profile

Company website

Empire State Realty OP, L.P. functions as a controlled entity under the ownership of Empire State Realty Trust, Inc.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
Anthony E. Malkin
Listed since
Oct 8, 2013
Employees
642

Market position

Day range

Current $4.70

52-week range

Current $4.70

Open
$4.74
Previous close
$4.74
Volume
619
0.46× average
Average volume
1.36K
Average daily volume
Market cap
774.93M USD
Beta
1.37
Market reference 1
50-day average
$5.2704
-10.82% below average
200-day average
$5.7555
-18.34% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.37B USD
P/E (TTM)
177.39×
P/B (TTM)
0.79×
P/S (TTM)
1.05×
EV / EBITDA
9.01×
Earnings yield
4.33%
Free cash flow yield
4.60%
Dividend yield
2.90%

Profitability & efficiency

Gross margin
-22.88%
Operating margin
16.78%
Net margin
0.93%
Return on equity
4.49%
Return on assets
1.07%
Return on invested capital
2.94%

Financial health

Debt / equity
2.14×
Current ratio
3.15×
Altman Z-score
0.55
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%38%16%-7%Gross margin, FY2021: 54.02%Gross margin, FY2022: 54.55%Gross margin, FY2023: 54.16%Gross margin, FY2024: 53.59%Gross margin, FY2025: 1.79%Operating margin, FY2021: 13.02%Operating margin, FY2022: 17.97%Operating margin, FY2023: 19.84%Operating margin, FY2024: 20.80%Operating margin, FY2025: 17.66%Net margin, FY2021: -1.07%Net margin, FY2022: 5.75%Net margin, FY2023: 7.20%Net margin, FY2024: 6.77%Net margin, FY2025: 6.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.02%. Gross margin FY2022 54.55%. Gross margin FY2023 54.16%. Gross margin FY2024 53.59%. Gross margin FY2025 1.79%. Operating margin FY2021 13.02%. Operating margin FY2022 17.97%. Operating margin FY2023 19.84%. Operating margin FY2024 20.80%. Operating margin FY2025 17.66%. Net margin FY2021 -1.07%. Net margin FY2022 5.75%. Net margin FY2023 7.20%. Net margin FY2024 6.77%. Net margin FY2025 6.20%.

Income trends

Revenue

768.27M USD+0.67%

Operating income

135.65M USD-14.53%

Net income

47.6M USD-7.83%
Income trends across reported periods845.75M USD535.84M USD225.92M USD−83.99M USDRevenue, FY2021: 607.86M USDRevenue, FY2022: 707.01M USDRevenue, FY2023: 739.57M USDRevenue, FY2024: 763.15M USDRevenue, FY2025: 768.27M USDOperating income, FY2021: 79.13M USDOperating income, FY2022: 127.03M USDOperating income, FY2023: 146.71M USDOperating income, FY2024: 158.71M USDOperating income, FY2025: 135.65M USDNet income, FY2021: −6.51M USDNet income, FY2022: 40.64M USDNet income, FY2023: 53.25M USDNet income, FY2024: 51.64M USDNet income, FY2025: 47.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 607.86M USD. Revenue FY2022 707.01M USD. Revenue FY2023 739.57M USD. Revenue FY2024 763.15M USD. Revenue FY2025 768.27M USD. Operating income FY2021 79.13M USD. Operating income FY2022 127.03M USD. Operating income FY2023 146.71M USD. Operating income FY2024 158.71M USD. Operating income FY2025 135.65M USD. Net income FY2021 −6.51M USD. Net income FY2022 40.64M USD. Net income FY2023 53.25M USD. Net income FY2024 51.64M USD. Net income FY2025 47.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue768.27M USD763.15M USD739.57M USD707.01M USD607.86M USD
Cost of goods sold754.54M USD354.16M USD339.02M USD321.35M USD279.49M USD
Gross profit13.73M USD408.99M USD400.56M USD385.66M USD328.38M USD
Selling, general, and administrative72.84M USD70.23M USD63.94M USD61.77M USD55.95M USD
Operating expenses−121.92M USD250.28M USD253.85M USD258.63M USD249.25M USD
Interest income8.75M USD21.3M USD15.14M USD4.95M USD704K USD
Interest expense103.78M USD109.71M USD101.48M USD101.21M USD94.39M USD
Depreciation and amortization194.76M USD184.82M USD189.91M USD216.89M USD201.81M USD
Operating income135.65M USD158.71M USD146.71M USD127.03M USD79.13M USD
Net income47.6M USD51.64M USD53.25M USD40.64M USD−6.51M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.15

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.160.04-0.07-0.19Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 0.054, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 18, 2025: actual 0.07, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 5, 2025: actual 0.038, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 0.042, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 0.063, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 17, 2026: actual 0.12, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual 0.007, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual -0.15, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates207.58M195.75M183.92M172.08MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 199.6M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 18, 2025: actual 197.6M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 5, 2025: actual 180.07M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 191.25M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 197.73M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 17, 2026: actual 199.22M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual 190.33M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 196.9M USD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.14

2025 complete year-66.7% since 2019

2026 partial: $0.07

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.035

Quarterly

Record Sep 15, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.035

Quarterly

Record Jun 15, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.035

Quarterly

Record Mar 13, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 15, 2025

$0.035

Quarterly

Record Dec 15, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 15, 2025

$0.035

Quarterly

Record Sep 15, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 13, 2025

$0.035

Quarterly

Record Jun 13, 2025 · Payment Jun 30, 2025

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Empire State Realty OP, L.P. logo

ESBA

Empire State Realty OP, L.P.

$4.70

0.00%

Empire State Realty OP, L.P. logo

FISK

Empire State Realty OP, L.P.

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+5.54%

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