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Upturn AI SWOT - About
OGCP 
Empire State Realty OP LP (OGCP)
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Upturn Advisory Summary
08/28/2025: OGCP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star 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 -0.96% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.27B USD | Price to earnings Ratio 29.17 | 1Y Target Price - |
Price to earnings Ratio 29.17 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.69 | 52 Weeks Range 6.22 - 11.76 | Updated Date 06/29/2025 |
52 Weeks Range 6.22 - 11.76 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 1.60% | 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 29.17 | 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 4529680 | Shares Floating 24795999 |
Shares Outstanding 4529680 | Shares Floating 24795999 | ||
Percent Insiders - | Percent Institutions 4.8 |
Upturn AI SWOT
Empire State Realty OP LP
Company Overview
History and Background
Empire State Realty OP LP (ESRO) is a subsidiary of Empire State Realty Trust, Inc., founded in 2011 as a publicly traded real estate investment trust (REIT). It focuses on owning, managing, operating, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area.
Core Business Areas
- Commercial Real Estate: Owns, manages, and leases commercial office and retail spaces, primarily in New York City.
- Observatory: Operates the Empire State Building Observatory, a major tourist attraction.
Leadership and Structure
Anthony E. Malkin serves as Chairman, President, and CEO of Empire State Realty Trust, Inc. (the general partner). The company has a traditional REIT structure with a board of directors overseeing operations.
Top Products and Market Share
Key Offerings
- Office Space Leasing: Leases office space primarily in Manhattan. Market share is difficult to precisely define due to the segmented nature of the NYC office market, but ESRO is a significant player. Competitors include SL Green Realty Corp (SLG) and Vornado Realty Trust (VNO).
- Retail Space Leasing: Leases retail space within its properties. Market share is also difficult to define. Competitors include SL Green Realty Corp (SLG) and Vornado Realty Trust (VNO).
- Empire State Building Observatory: Operates the observatory. Generates a significant portion of revenue. Competitors include Top of the Rock Observation Deck (owned by Tishman Speyer) and One World Observatory.
Market Dynamics
Industry Overview
The commercial real estate industry, particularly in major metropolitan areas like New York City, is cyclical and influenced by economic conditions, interest rates, and demand for office and retail space. The tourism sector also plays a large role in driving observatory revenue.
Positioning
ESRO positions itself as a premier owner and operator of landmark properties, particularly the Empire State Building. Its competitive advantages include the iconic nature of its flagship property and its experienced management team.
Total Addressable Market (TAM)
The total addressable market for NYC office and retail space is substantial, estimated to be in the billions of dollars annually. ESRO has a good position relative to this TAM because of the strength of its brand.
Upturn SWOT Analysis
Strengths
- Iconic property (Empire State Building)
- Experienced management team
- Strong brand recognition
- High-quality tenant base
- Diversified revenue streams (office, retail, observatory)
Weaknesses
- Concentration in the New York City market
- Exposure to economic cycles
- High operating expenses associated with landmark properties
- Dependence on tourism for observatory revenue
- High debt levels
Opportunities
- Repositioning and redevelopment of existing properties
- Expansion of the observatory experience
- Acquisition of new properties
- Capitalizing on technological innovations in property management
- Increasing tourism rates in NYC
Threats
- Economic downturns
- Increased competition from new office and retail developments
- Rising interest rates
- Changes in tourism patterns
- Geopolitical events
- Pandemics affecting office attendance and tourism
Competitors and Market Share
Key Competitors
- SLG
- VNO
- ARE
- BXP
- HME
Competitive Landscape
ESRO benefits from its iconic property but faces competition from other REITs with larger portfolios and greater diversification. The main advantages are its flagship property and its competitive disadvantages are its lack of diversification.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by leasing activity, observatory revenue, and property acquisitions.
Future Projections: Analyst projections vary based on economic conditions and company-specific initiatives. Check financial news and analyst reports for current projections.
Recent Initiatives: Recent initiatives may include property renovations, new leasing strategies, and investments in technology.
Summary
Empire State Realty OP LP's primary strength lies in the Empire State Building, providing stable revenue through office leases and the observatory. Dependence on the NYC market exposes the company to regional economic risks. To enhance long-term growth, ESRO should diversify its portfolio and expand its digital footprint for the observatory. The company is exposed to competition from other REITs and any prolonged disruptions in the tourism industry.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Empire State Realty Trust Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Empire State Realty OP LP
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.
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