Valuation: Empire State Realty OP, L.P.

Market Cap 1.22B 1.08B 1.01B 916M 1.73B 117B 1.74B 12.14B 4.72B 59.84B 4.57B 4.47B 192B P/E 2024
36.4x
P/E 2025 25.2x
Enterprise Value 3.48B 3.09B 2.89B 2.62B 4.95B 335B 4.98B 34.72B 13.5B 171B 13.06B 12.78B 550B EV / Sales 2024
6.39x
EV / Sales 2025 5.23x
Free-Float
20.23%
Yield 2024
1.38%
Yield 2025 2.22%
08-05 Empire State Realty Trust, Inc. Announces Cash Dividend on Class A Common Stock and Class B Common Stock and to Holders of Empire State Realty OP, L.P.?s Series ES, Series 250 and Series 60 Operating Partnership Units and Series PR Operating Partnership Units. for the Third Quarter of 2026, Payable on September 30, 2026 CI
07-29 Empire State Realty OP, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
05-15 Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026 CI
05-07 Empire State Realty OP, L.P. Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
04-15 Empire State Realty OP LP enters agreement for $130 million 5.99% Series M senior notes due July 15, 2032 - SEC filing RE
04-15 Empire State Realty OP, L.P. Enters into USD 130 Million Private Placement of 5.99% Series M Senior Notes Due July 15, 2032 CI
03-02 Empire State Realty OP, L.P. Reports Earnings Results for the Full Year Ended December 31, 2025 CI
02-20 Empire State Realty Trust Inc. Declares Dividend on Class A and Class B Common Stocks and Empire State Realty OP, L.P.?s Series ES, Series 250, Series 60 and Series PR Operating Partnership Units for the First Quarter of 2026, Payable on March 31, 2026 CI
02-19 Empire State Realty OP, L.P. announces Quarterly dividend, payable on March 31, 2026 CI
12-05 Empire State Realty Trust Inc. Declares Dividend for the fourth quarter 2025, Payable on December 31, 2025 CI
11-17 Empire State Realty Op, L.P. and Empire State Realty Trust, Inc. Enters into an Amended and Restated Credit Agreement CI
11-05 Empire State Realty OP, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
25-10-16 Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Enter into A Note Purchase Agreement with the Purchasers CI
Manager TitleAgeSince
Chief Executive Officer 63 -
Director of Finance/CFO 40 -
President 45 2024-01-31
Director TitleAgeSince
Chairman 63 -
Director/Board Member 78 -
Director/Board Member 75 -
Change 5-day change 1-year change 3-year change Capi.($)
-0.96%-2.32% - - 1.22B
+0.47%-2.96%+9.86%+18.15% 122B
+0.17%-1.24%+12.60%+93.22% 65.16B
+0.89%-1.61%-9.43%+8.26% 50.72B
+0.27%-3.61%-22.51%+21.58% 37.48B
+0.52%-1.86%+38.04%+28.45% 16.38B
+0.50%-1.25%+2.88%+34.02% 14.78B
+2.17%-0.18%+2.35%+100.62% 14.35B
+1.33%+2.24%-3.39%+28.81% 13.93B
+0.13%-1.71%+0.39%+23.16% 13.03B
Average +0.55%-1.33%+3.42%+39.59% 38.62B
Weighted average by Cap. +0.54%-1.87%+3.90%+36.33%

Financials

2024 2025
Net sales 763M 677M 634M 575M 1.09B 73.57B 1.09B 7.61B 2.96B 37.53B 2.86B 2.8B 121B 768M 682M 638M 578M 1.09B 74.02B 1.1B 7.66B 2.98B 37.76B 2.88B 2.82B 121B
Net income 80.36M 71.33M 66.75M 60.5M 114M 7.75B 115M 802M 312M 3.95B 302M 295M 12.7B 72.98M 64.78M 60.63M 54.95M 104M 7.04B 105M 728M 283M 3.59B 274M 268M 11.54B
Net Debt 2.09B 1.85B 1.73B 1.57B 2.97B 201B 2.99B 20.81B 8.09B 103B 7.83B 7.66B 330B 2.26B 2.01B 1.88B 1.7B 3.22B 218B 3.24B 22.58B 8.78B 111B 8.5B 8.31B 358B
Logo Empire State Realty OP, L.P.
Empire State Realty OP, L.P. is a real estate investment trust. It owns and operates a portfolio of well-leased, top-of-tier, modernized, amenitized, and well-located office, retail and multifamily assets. Its real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets located in New York City. Its Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. Its portfolio includes over 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio includes 10 properties. Nine of these office properties are in midtown Manhattan and include over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The remaining office property is in Stamford, Connecticut.
Employees
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