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Empire State Realty OP, L.P.

ESBA

$4.90 0.00 (0.00%) at close

14 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Neutral

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Analytical Summary

Empire State Realty OP, L.P. shows mixed fundamentals. Consider comparing against peers in the Real Estate sector before making investment decisions.

Market Cap $1.3B

Dividend Yield —

Revenue Growth 0.0% ↘

Op. Margin 17.7% ↘

ROIC None

FCF / Share None

Trailing P/E 18.9x

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Jul 31, 2026.

14-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$768.27M

— 0.0% —

Net Income Profit after all expenses

$72.98M

↓ -9.2% —

Operating Margin Operating profit as % of sales

17.7%

↓ -14.6% 71th

Long-Term Debt Long-term obligations

$608.57M

↓ -15.1% —

Health Breakdown

Profitability ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.04 Latest / share

+0.0% YoY

-10.5% 9-yr CAGR

$0.09

FY 2014

$0.09

FY 2015

$0.10

FY 2016

$0.10

FY 2017

$0.10

FY 2018

$0.10

FY 2019

$0.04

FY 2020

$0.04

FY 2021

$0.04

FY 2022

FY 2023

FY 2024

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Revenue Growth YoY (%)	0.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-99%)	3.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-23%)	1.7% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-66%)	16.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+230%)	2.4% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-51%)	-16.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-434%)	-0.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-100%)	3.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-38%)	4.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-7%)	3.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-38%)	3.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-30%)	144.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2782%)	-11.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-334%)	—
EPS Growth YoY (%)	-10.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-3.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	36.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	40.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-30.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	2.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	31.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	7.4% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-9.2% Weak ↓ Weak Declining Year-over-year change in net income	-4.8% Weak ↓ Weak Declining Year-over-year change in net income	33.5% Excellent Excellent Year-over-year change in net income	N/M	43.0% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	-27.5% Weak ↓ Weak Declining Year-over-year change in net income	-0.9% Weak ↓ Weak Declining Year-over-year change in net income	10.3% Fair ↓ Fair Declining Year-over-year change in net income	34.6% Excellent ↑ Excellent Improving Year-over-year change in net income	13.3% Fair ↓ Fair Declining Year-over-year change in net income	43.4% Excellent Excellent Year-over-year change in net income	-15.3% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-0.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-5.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-5.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	37.6% Excellent Excellent Compound annual revenue growth over 3 years	30.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	4.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.0% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	0.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	0.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-1.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-1.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	23.0% Excellent Excellent Compound annual revenue growth over 5 years	19.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	5.7% Fair Fair Compound annual EPS growth over 3 years	—	—	-6.6% Weak Weak Compound annual EPS growth over 3 years	—	—	-10.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	10.4% Good Good Compound annual EPS growth over 3 years	13.0% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Operating Margin (%) (%)	17.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	20.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	19.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	17.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	12.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	9.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	21.2% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	26.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	27.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	27.2% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	23.0% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-23%)	22.2% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	34.1% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	—
Effective Tax Rate (%) (%)	3.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.3% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.3% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.4% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	9.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	10.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	11.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	-2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	-3.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	11.5% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	15.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	16.5% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	15.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	12.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	11.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	18.7% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	19.5% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.5% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	13.7% Good Good Operating profit relative to total assets Optimal: > 10%	9.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$-132.66M	$-385.46M	$-346.62M	$-264.43M	$-423.69M	$-526.71M	$-233.95M	$403.59M	$252.82M	$204.65M	$700.98M	$782.04M	—	—
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Revenue per Share (USD)	$2.88	$2.90	$2.81	$2.71	$2.25	$2.15	$2.46	$2.46	$2.39	$2.45	$2.47	$2.50	—	—
Basic EPS, GAAP (USD)	$0.26	$0.29	$0.30	$0.22	$-0.06	$-0.10	$0.27	$0.39	$0.39	$0.38	$0.29	$0.27	—	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	—	—	—	$0.04	$0.04	$0.04	$0.10	$0.10	$0.10	$0.10	$0.09	$0.09	$0.09	—
Basic Weighted Avg Shares (shares)	266.94M	264.71M	263.23M	268.34M	277.42M	283.83M	297.80M	297.26M	296.45M	276.85M	265.91M	254.51M	—	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	31.5% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
LT Debt (USD)	—	—	—	—	—	—	—	$608.57M	$717.16M	$759.02M	$747.66M	$899.00M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
Sales/Revenue/Turnover (USD)	$768.27M	$767.92M	$739.57M	$727.04M	$624.09M	$609.23M	$731.34M	$731.51M	$709.53M	$678.00M	$657.63M	$635.33M	$260.29M	$294.79M
Depreciation Expense (USD)	$194.76M	$184.82M	$189.91M	$216.89M	$201.81M	$191.01M	$181.59M	$168.51M	$160.71M	$155.21M	$171.47M	$145.43M	—	—
Net Income, GAAP (USD)	$72.98M	$80.36M	$84.41M	$63.21M	$-13.04M	$-22.89M	$84.29M	$116.32M	$117.32M	$106.31M	$78.99M	$69.73M	$48.64M	$57.40M
Operating Cash Flow (USD)	$249.05M	$260.89M	$232.49M	$211.17M	$212.49M	$182.29M	$232.59M	$279.02M	$194.20M	$218.58M	$203.19M	$138.56M	—	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jun 30, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Dec 31, 2011 10-K ↗
FFO (approx.) (USD)	$267.74M	$265.18M	$274.32M	$280.11M	$188.77M	$168.12M	$265.88M	$284.82M	$278.03M	$261.52M	$250.47M	$215.16M	$91.33M	—
FFO per Share (approx.) (USD)	$1.00	$1.00	$1.04	$1.04	$0.68	$0.59	$0.89	$0.96	$0.94	$0.94	$0.94	$0.85	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 14 years · 53 quarters

Empire State Realty OP, L.P.

Analytical Summary

14-Year Financial Trajectory

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Percentile Rankings

Peer Comparison

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