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Empire State Realty OP LP 250 (FISK)

Upturn stock ratingUpturn stock rating
$7.6
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

09/10/2025: FISK (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -18.48%
Avg. Invested days 32
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/10/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.27B USD
Price to earnings Ratio 27.67
1Y Target Price -
Price to earnings Ratio 27.67
1Y Target Price -
Volume (30-day avg) -
Beta 1.69
52 Weeks Range 6.68 - 11.26
Updated Date 06/29/2025
52 Weeks Range 6.68 - 11.26
Updated Date 06/29/2025
Dividends yield (FY) 1.69%
Basic EPS (TTM) 0.3

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 11.27%
Operating Margin (TTM) 14.32%

Management Effectiveness

Return on Assets (TTM) 2.31%
Return on Equity (TTM) 4.9%

Valuation

Trailing PE 27.67
Forward PE -
Enterprise Value 4183197823
Price to Sales(TTM) 2.97
Enterprise Value 4183197823
Price to Sales(TTM) 2.97
Enterprise Value to Revenue 5.46
Enterprise Value to EBITDA 10.63
Shares Outstanding 2359560
Shares Floating 24795999
Shares Outstanding 2359560
Shares Floating 24795999
Percent Insiders -
Percent Institutions 3.66

ai summary icon Upturn AI SWOT

Empire State Realty OP LP 250

stock logo

Company Overview

overview logo History and Background

Empire State Realty OP LP (ESROPU) is the operating partnership through which Empire State Realty Trust, Inc. (ESRT) conducts substantially all of its business and owns, directly or indirectly, substantially all of its assets. ESRT, a publicly traded real estate investment trust (REIT), owns, manages, operates, acquires and repositions office, retail and multifamily properties.

business area logo Core Business Areas

  • Commercial Real Estate: Ownership, management, operation, acquisition, and repositioning of office and retail properties, primarily in Manhattan and the greater New York metropolitan area.
  • Multifamily: Ownership, management, operation, acquisition, and repositioning of multifamily properties.

leadership logo Leadership and Structure

Anthony E. Malkin is the Chairman, President and CEO of Empire State Realty Trust. The company has a traditional corporate structure with a board of directors and executive management team.

Top Products and Market Share

overview logo Key Offerings

  • Office Space: ESRT's primary offering is Class A office space, particularly in Manhattan. Includes iconic properties like the Empire State Building. Market share data is dependent on sub-market, ESRT has a significant, but not dominant, position within Manhattan's Class A office space. Competitors include SL Green Realty Corp (SLG), Vornado Realty Trust (VNO), and Boston Properties (BXP).
  • Retail Space: Retail space within its office buildings and other properties. Revenue from retail is generally a smaller portion of the overall revenue stream. Competitors vary greatly based on location and specific retail type.
  • Multifamily Residential Units: Acquiring and operating multifamily residential properties. This segment is growing, and market share will depend on successful acquisitions and operations. Competitors in the multifamily sector are numerous and include large national REITs and local operators.

Market Dynamics

industry overview logo Industry Overview

The commercial real estate industry is currently experiencing headwinds due to hybrid work models and rising interest rates. There is high competition in many urban markets and pricing is volatile.

Positioning

ESRT is positioned as a high-quality owner and operator of landmark office and retail properties, with a focus on sustainability and tenant experience. This gives them an advantage for attracting top-tier clients. However, overall demand for office space could reduce income potential.

Total Addressable Market (TAM)

The total addressable market for commercial real estate in Manhattan and the greater NYC area is substantial, valued in the hundreds of billions of dollars. ESRT's position is strong, with a recognizable, high-quality portfolio, but represents a smaller fraction of the overall TAM. The total TAM for the Multifamily is difficult to quantify without a specific geographical area. However, it represents a significant opportunity for ESRT.

Upturn SWOT Analysis

Strengths

  • Iconic Property Portfolio
  • Strong Brand Recognition
  • Sustainability Initiatives
  • Experienced Management Team
  • Focus on Tenant Experience

Weaknesses

  • Geographic Concentration (Manhattan)
  • Exposure to Office Market Downturns
  • High Leverage
  • Dependence on Single Landmark Asset (Empire State Building)

Opportunities

  • Acquisition of Distressed Assets
  • Development of New Properties
  • Expansion into New Markets (Multifamily)
  • Strategic Partnerships
  • Increased Demand for Sustainable Office Space

Threats

  • Economic Downturn
  • Rising Interest Rates
  • Increased Competition
  • Changes in Work-from-Home Trends
  • Regulatory Changes

Competitors and Market Share

competitor logo Key Competitors

  • SLG
  • VNO
  • BXP
  • ARE

Competitive Landscape

ESRT's competitive advantage lies in its iconic properties and sustainability initiatives. Disadvantages include geographic concentration and potential weakness to office market downturns.

Growth Trajectory and Initiatives

Historical Growth: Historical growth trends require access to company financial records.

Future Projections: Future projections require analyst estimates.

Recent Initiatives: Recent initiatives include sustainability upgrades, tenant experience improvements, and potential acquisitions of multifamily properties.

Summary

Empire State Realty OP LP possesses a strong brand due to its iconic portfolio, particularly the Empire State Building. Its focus on sustainable initiatives gives it a competitive edge. However, the company faces risks related to its concentration in the Manhattan office market, as well as the general downturn in office space demand. Successfully diversifying into multifamily properties could help mitigate these risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market share data are estimates and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Empire State Realty OP LP 250

Exchange NYSE ARCA
Headquaters New York, NY, United States
IPO Launch date 2013-10-08
Chairman & CEO of Empire State Realty Trust Inc Mr. Anthony E. Malkin
Sector Real Estate
Industry REIT - Office
Full time employees 667
Full time employees 667

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.