Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
OGCP logo OGCP
Upturn stock rating
OGCP logo

Empire State Realty OP LP (OGCP)

Upturn stock rating
$7.51
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/17/2025: OGCP (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 -0.68%
Avg. Invested days 47
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/17/2025

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

ai summary icon Upturn AI SWOT

Empire State Realty OP LP

stock logo

Company Overview

overview logo History and Background

Empire State Realty OP LP is the operating partnership through which Empire State Realty Trust, Inc. (ESRT) conducts substantially all of its business. ESRT went public in 2013, consolidating various real estate assets under one umbrella, including the iconic Empire State Building. The REIT focuses on owning, managing, operating, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area.

business area logo Core Business Areas

  • Commercial Real Estate: ESRT owns, manages, leases, and operates office and retail properties, primarily in Manhattan.
  • Observatory: ESRT operates the Empire State Building Observatory, a significant tourist attraction providing revenue.

leadership logo Leadership and Structure

Anthony E. Malkin serves as Chairman, President, and CEO of Empire State Realty Trust, Inc., the general partner of Empire State Realty OP LP. The company has a standard REIT structure with executive leadership and a board of directors overseeing operations.

Top Products and Market Share

overview logo Key Offerings

  • Office Space: ESRT provides office space leasing services. Occupancy rates and lease terms fluctuate based on market conditions. Competitors include SL Green Realty (SLG) and Boston Properties (BXP).
  • Retail Space: ESRT leases retail spaces within its properties. Revenue is dependent on tenant sales and lease agreements. Competitors include Vornado Realty Trust (VNO).
  • Empire State Building Observatory: The Observatory provides revenue through ticket sales, merchandise, and events. Competitors include other New York City attractions like Top of the Rock and One World Observatory.

Market Dynamics

industry overview logo Industry Overview

The commercial real estate market is influenced by economic growth, interest rates, and demand for office and retail space. REITs are impacted by these factors as well as regulations specific to REITs.

Positioning

ESRT is positioned as a premier owner and operator of office and retail properties in Manhattan, with the Empire State Building as its flagship asset. Competitive advantages include location and brand recognition.

Total Addressable Market (TAM)

The TAM for commercial real estate in Manhattan is substantial, estimated to be in the hundreds of billions of dollars. ESRT's positioning focuses on capturing a portion of this market through its portfolio of high-quality assets.

Upturn SWOT Analysis

Strengths

  • Iconic Asset (Empire State Building)
  • Prime Manhattan Locations
  • Strong Brand Recognition
  • Experienced Management Team
  • Stable cash flow from Observatory

Weaknesses

  • Concentration in Manhattan Market
  • Sensitivity to Economic Downturns
  • High Operating Expenses
  • Significant Debt Load
  • Older building stock needing renovations

Opportunities

  • Renovation and Repositioning of Properties
  • Expansion into New Markets
  • Increasing Observatory Revenue
  • Technological Upgrades
  • Strategic Partnerships

Threats

  • Economic Recession
  • Increased Competition
  • Rising Interest Rates
  • Changes in Consumer Preferences (Retail)
  • Geopolitical instability

Competitors and Market Share

competitor logo Key Competitors

  • SLG
  • VNO
  • BXP

Competitive Landscape

ESRT faces competition from other major REITs with Manhattan portfolios. Its advantage lies in the iconic status of the Empire State Building, but its portfolio is smaller than some competitors.

Growth Trajectory and Initiatives

Historical Growth: Historical growth unavailable. See financial sources for latest data.

Future Projections: Future projections unavailable. See financial sources for latest data.

Recent Initiatives: Recent initiatives unavailable. See financial sources for latest data.

Summary

Empire State Realty OP LP benefits from owning the iconic Empire State Building and having a strong brand. However, it's vulnerable to economic downturns and concentrated in the Manhattan market. Investing in renovation and expansion could improve its growth trajectory and profitability.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst reports
  • SEC Filings

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial information is based on publicly available data and is subject to change.

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

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

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

Upturn AI Summarization 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.