Empire State Realty OP（ESBA）株式概要エンパイア・ステート・リアルティOP, L.P.は、エンパイア・ステート・リアルティ・トラスト Inc. 詳細ESBA ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績1/6財務の健全性1/6配当金3/6報酬当社が推定した公正価値より61%で取引されている リスク分析利払いは収益で十分にカバーされない 利益率(7.2%)は昨年より低い(10.7%) 財務結果に影響を与える大きな一時的項目 不安定な配当実績 すべてのリスクチェックを見るESBA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,559 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG491,559 investors already sharing narrativesYour Fair ValueUS$Current PriceUS$5.4524.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-39m1b2016201920222025202620282031Revenue US$1.0bEarnings US$74.7mAdvancedSet Fair ValueView all narrativesEmpire State Realty OP, L.P. 競合他社American Assets TrustSymbol: NYSE:AATMarket cap: US$2.0bGladstone CommercialSymbol: NasdaqGS:GOODMarket cap: US$634.6mHines Global Income TrustSymbol: OTCPK:HGITMarket cap: US$3.0bCTO Realty GrowthSymbol: NYSE:CTOMarket cap: US$750.7m価格と性能株価の高値、安値、推移の概要Empire State Realty OP過去の株価現在の株価US$5.4552週高値US$8.3052週安値US$4.65ベータ1.41ヶ月の変化7.71%3ヶ月変化-2.50%1年変化-27.24%3年間の変化-31.62%5年間の変化-53.42%IPOからの変化-59.63%最新ニュースUpcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (5.3%).Declared Dividend • May 20First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%.お知らせ • May 16Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026Empire State Realty Trust, Inc. (the “Company”), announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2026, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2026, to stockholders or unitholders, as applicable, of record at the close of business on June 15, 2026.Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: US$190.3m (up 5.7% from 1Q 2025). Net income: US$1.95m (down 87% from 1Q 2025). Profit margin: 1.0% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Mar 03Full year 2025 earnings released: EPS: US$0.27 (vs US$0.29 in FY 2024)Full year 2025 results: EPS: US$0.27 (down from US$0.29 in FY 2024). Revenue: US$768.3m (flat on FY 2024). Net income: US$73.0m (down 4.2% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Declared Dividend • Feb 26Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%.最新情報をもっと見るRecent updatesUpcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (5.3%).Declared Dividend • May 20First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%.お知らせ • May 16Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026Empire State Realty Trust, Inc. (the “Company”), announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2026, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2026, to stockholders or unitholders, as applicable, of record at the close of business on June 15, 2026.Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: US$190.3m (up 5.7% from 1Q 2025). Net income: US$1.95m (down 87% from 1Q 2025). Profit margin: 1.0% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Mar 03Full year 2025 earnings released: EPS: US$0.27 (vs US$0.29 in FY 2024)Full year 2025 results: EPS: US$0.27 (down from US$0.29 in FY 2024). Revenue: US$768.3m (flat on FY 2024). Net income: US$73.0m (down 4.2% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Declared Dividend • Feb 26Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%.Declared Dividend • Dec 11Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.4%.お知らせ • Dec 06Empire State Realty Trust Inc. Declares Dividend for the fourth quarter 2025, Payable on December 31, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership units. The dividends will be payable in cash on December 31, 2025, to stockholders or unitholders, as applicable, of record at the close of business on December 15, 2025.Upcoming Dividend • Sep 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (5.5%).Declared Dividend • Aug 11Second quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.4%.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: US$0.039 (vs US$0.10 in 2Q 2024)Second quarter 2025 results: EPS: US$0.039 (down from US$0.10 in 2Q 2024). Revenue: US$191.3m (flat on 2Q 2024). Net income: US$10.3m (down 62% from 2Q 2024). Profit margin: 5.4% (down from 14% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 06Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.8%).Declared Dividend • May 21First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.4%.お知らせ • May 17Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. Announces Dividend for Second Quarter 2025, Payable on June 30, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2025, to stockholders or unitholders, as applicable, of record at the close of business on June 13, 2025.New Risk • May 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.059 (vs US$0.035 in 1Q 2024)First quarter 2025 results: EPS: US$0.059 (up from US$0.035 in 1Q 2024). Revenue: US$180.1m (flat on 1Q 2024). Net income: US$15.8m (up 72% from 1Q 2024). Profit margin: 8.8% (up from 5.1% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 07Fourth quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.4%.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: US$0.30 (vs US$0.30 in FY 2023)Full year 2024 results: EPS: US$0.30 (in line with FY 2023). Revenue: US$767.9m (up 3.8% from FY 2023). Net income: US$80.4m (flat on FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Mar 01Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. Announces Dividend for First Quarter 2025, Payable on March 31, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the first quarter of 2025, payable to holders of the Company’s 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. The dividends will be payable in cash on March 31, 2025, to stockholders or unitholders, as applicable, of record at the close of business on March 14, 2025.Declared Dividend • Dec 11Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.4%.お知らせ • Aug 19Empire State Realty OP Receives Expected Notice from NYSE Related to Delayed Filing of Quarterly Report on Form 10-QEmpire State Realty OP, L.P. (“ESROP”) announced that, as previously disclosed in the Notification of Late Filing on Form 12b-25 filed by Issuer with the Securities and Exchange Commission (“SEC”) on August 12, 2024, Issuer has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the “Form 10-Q”) by the prescribed due date because subsequent to the filing of the Issuers’ Form 10-Ks for the period ended December 31, 2023, the filing of the Issuers’ Form 10-Qs for the quarterly period ended March 31, 2024 and the Issuers’ Second Quarter 2024 earnings release and call, Ernst & Young LLP (“EY”), the Issuers’ independent registered public accounting firm, informed the Issuers that following EY’s internal post-audit quality review of its audit of the Issuers’ consolidated financial statements for the year ended December 31, 2023, EY had identified control deficiencies in the design of certain information technology general controls for the Issuers’ information systems and applications which were relevant to the preparation of consolidated financial statements as of December 31, 2023. On August 16, 2024, ESROP received a notice (the “NYSE Arca Notice” and together with the NYSE Notice, the “Notices”) from the NYSE Arca Inc. (“NYSE Arca” and together with “NYSE,” the “Exchanges”) indicating that, as a result of not having timely filed the Form 10-Q with the SEC, ESROP is not in compliance with Rule 5.3-E(i)(1) of the NYSE Arca Listed Company Manual (the “NYSE Arca Listing Standard” and together with the NYSE Listing Standard, the “Listing Standards”), which requires timely filing of all required periodic financial reports with the SEC. Each Notice indicates that the applicable Issuer can regain compliance with the applicable Listing Standard by filing such Issuer’s Form 10-Q within six months of the Form 10-Q’s filing due date. If either Issuer fails to file the Form 10-Q by such date, such Issuer may submit a request for the applicable Exchange’s consideration that allows such Issuer’s securities to trade for an additional six-month trading period. If such Exchange determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence pursuant to Section 804.00 of the NYSE Listed Company Manual or Rule 5.5-E(m) of the NYSE Arca Listed Company Manual, as applicable. If the applicable Exchange determines that an additional trading period of up to six months is appropriate and the applicable Issuer fails to regain compliance by the end of that period, suspension and delisting procedures for such Issuer will generally commence.お知らせ • Aug 13Empire State Realty OP, L.P. announced delayed 10-Q filingOn 08/12/2024, Empire State Realty OP, L.P. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.Declared Dividend • Aug 11First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.4%.お知らせ • Aug 09Empire State Realty OP, L.P. announces Quarterly dividend, payable on September 30, 2024Empire State Realty OP, L.P. announced Quarterly dividend of USD 0.0350 per share payable on September 30, 2024, ex-date on September 16, 2024 and record date on September 16, 2024.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 1.0% per year over the past 5 years.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.14 in 2Q 2023)Second quarter 2024 results: EPS: US$0.10 (down from US$0.14 in 2Q 2023). Revenue: US$189.5m (flat on 2Q 2023). Net income: US$17.1m (down 53% from 2Q 2023). Profit margin: 9.0% (down from 19% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Jul 25Empire State Realty OP, L.P. (ARCA:ESBA) agreed to acquire Prime retail portfolio located in Williamsburg, Brooklyn for approximately $100 million.Empire State Realty OP, L.P. (ARCA:ESBA) agreed to acquire Prime retail portfolio located in Williamsburg, Brooklyn for approximately $100 million on July 24, 2024.Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.8%).Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.056 (vs US$0.041 in 1Q 2023)First quarter 2024 results: EPS: US$0.056. Revenue: US$181.2m (up 10% from 1Q 2023). Net income: US$9.16m (down 15% from 1Q 2023). Profit margin: 5.1% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Apr 11Empire State Realty OP, L.P. announced that it expects to receive $225 million in fundingEmpire State Realty OP, L.P. announced that it has entered into note purchase agreement for a private placement of 7.20% notes due in June 2029 for proceeds of $155,000,000, 7.32% notes due in June, 2031 for proceeds of $45,000,000, and 7.41% notes due in June, 2034 for proceeds of $25,000,000 for aggregate gross proceeds of $225,000,000 on April 10, 2024. The transaction will include participation from high quality, existing and new institutional lenders. The notes are senior unsecured. The notes have not been and will not be registered under the Securities Act of 1933, as amended. The notes are unconditionally guaranteed by each of the company’s subsidiaries that guarantees indebtedness under the operating partnership’s senior credit facility. The transaction is expected to close on June 17, 2024, subject to customary closing conditions.New Risk • Apr 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Upcoming Dividend • Mar 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (6.2%).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.30 (vs US$0.22 in FY 2022)Full year 2023 results: EPS: US$0.30 (up from US$0.22 in FY 2022). Revenue: US$739.6m (up 4.6% from FY 2022). Net income: US$80.1m (up 35% from FY 2022). Profit margin: 11% (up from 8.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$9.16, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 27x in the REITs industry in the US. Total returns to shareholders of 77% over the past three years.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.07 (vs US$0.034 in 3Q 2022)Third quarter 2023 results: EPS: US$0.07 (up from US$0.034 in 3Q 2022). Revenue: US$191.5m (up 4.3% from 3Q 2022). Net income: US$12.6m (up 38% from 3Q 2022). Profit margin: 6.6% (up from 5.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$8.41, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 21x in the REITs industry in the US. Total returns to shareholders of 39% over the past three years.Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per share at 1.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.17 in 2Q 2022)Second quarter 2023 results: EPS: US$0.14 (down from US$0.17 in 2Q 2022). Revenue: US$190.5m (up 6.4% from 2Q 2022). Net income: US$35.9m (down 24% from 2Q 2022). Profit margin: 19% (down from 26% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$7.35, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 22x in the REITs industry in the US. Total returns to shareholders of 7.4% over the past three years.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$6.95, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 20x in the REITs industry in the US. Total loss to shareholders of 8.5% over the past three years.Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (4.4%).Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$6.50, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 20x in the REITs industry in the US. Total loss to shareholders of 6.3% over the past three years.Reported Earnings • May 07First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.067 loss in 1Q 2022)First quarter 2023 results: EPS: US$0.04 (up from US$0.067 loss in 1Q 2022). Revenue: US$164.6m (up 1.1% from 1Q 2022). Net income: US$10.7m (up US$28.9m from 1Q 2022). Profit margin: 6.5% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$6.48, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 26x in the REITs industry in the US. Total loss to shareholders of 22% over the past three years.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$6.08, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 25x in the REITs industry in the US. Total loss to shareholders of 9.9% over the past three years.Reported Earnings • Mar 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$727.0m (up 20% from FY 2021). Net income: US$59.3m (up US$76.8m from FY 2021). Profit margin: 8.2% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director of Empire State Realty Trust Inc. Leslie Biddle was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$0.024 (vs US$0.041 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.024 (up from US$0.041 loss in 3Q 2021). Revenue: US$183.7m (up 20% from 3Q 2021). Net income: US$6.61m (up US$18.0m from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be US$8.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.5%).Buying Opportunity • Aug 24Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be US$9.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 08Second quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.17 in 2Q 2021)Second quarter 2022 results: FFO per share: US$0.3 (up from US$0.17 in 2Q 2021). Revenue: US$179.2m (up 19% from 2Q 2021). Funds from operations (FFO): US$77.2m (up 65% from 2Q 2021). FFO margin: 43% (up from 31% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Buying Opportunity • Aug 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be US$9.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (3.3%).Buying Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be US$9.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • May 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be US$9.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 06First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$164.0m (up 14% from 1Q 2021). Net loss: US$18.2m (loss widened 329% from 1Q 2021).Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director of Empire State Realty Trust Inc. Leslie Biddle was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.062 loss per share (up from US$0.099 loss in FY 2020). Revenue: US$624.1m (up 4.0% from FY 2020). Net loss: US$17.3m (loss narrowed 39% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 30Third quarter 2021 earnings released: US$0.016 loss per share (vs US$0.049 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$165.0m (up 13% from 3Q 2020). Net loss: US$4.61m (loss narrowed 66% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.8%).Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.074 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$153.4m (up 9.6% from 2Q 2020). Net income: US$4.18m (up US$25.2m from 2Q 2020). Profit margin: 2.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2021. Payment date: 30 June 2021. Trailing yield: 4.8%. Within top quartile of American dividend payers (3.4%). Higher than average of industry peers (3.0%).Is New 90 Day High Low • Mar 09New 90-day high: US$11.74The company is up 22% from its price of US$9.61 on 08 December 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period.Executive Departure • Mar 01Senior VP, Chief Accounting Officer & Treasurer of Empire State Realty Trust has left the companyOn the 26th of February, Andrew Prentice's tenure in the role of Senior VP, Chief Accounting Officer & Treasurer of Empire State Realty Trust ended. We don't have any record of a personal shareholding under Andrew's name. A total of 2 executives have left over the last 12 months.Reported Earnings • Feb 20Full year 2020 earnings released: US$0.058 loss per share (vs US$0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$609.2m (down 16% from FY 2019). Net loss: US$16.7m (down 121% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 11New 90-day high: US$10.08The company is up 44% from its price of US$7.00 on 12 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 05New 90-day high: US$10.06The company is up 52% from its price of US$6.60 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period.お知らせ • Dec 03Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announce Executive ChangesOn November 30, 2020, Empire State Realty Trust, Inc. (Company) announced that Andrew J. Prentice will depart the Company and step down from his role as Chief Accounting Officer and Treasurer with each of the Company and Empire State Realty OP, L.P. (the “Operating Partnership”), effective February 26, 2021. On November 30, 2020, the Board appointed Stephen Horn as Senior Vice President, Chief Accounting Officer of the Company and the Operating Partnership, effective with Mr. Prentice’s departure on February 26, 2021. In such capacity, Mr. Horn will serve as the Company’s and the Operating Partnership’s principal accounting officer. Mr. Horn will assume the role of Chief Accounting Officer after an interim period serving as Senior Vice President, Deputy Chief Accounting Officer of the Company and the Operating Partnership beginning December 2, 2020. Mr. Horn, age 34, will join the Company after more than a decade with Ernst & Young LLP (“EY”) serving as an auditor for a variety of clients, including some of the Company’s REIT peers and other real estate companies.Reported Earnings • Nov 07Third quarter 2020 earnings released: US$0.046 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$146.6m (down 23% from 3Q 2019). Net loss: US$13.3m (down 151% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 36% per year.Is New 90 Day High Low • Oct 29New 90-day low: US$5.46The company is down 17% from its price of US$6.59 on 30 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period.株主還元ESBAUS REITsUS 市場7D-0.7%4.1%-1.4%1Y-27.2%18.6%17.4%株主還元を見る業界別リターン: ESBA過去 1 年間で18.6 % の収益を上げたUS REITs業界を下回りました。リターン対市場: ESBAは、過去 1 年間で17.4 % のリターンを上げたUS市場を下回りました。価格変動Is ESBA's price volatile compared to industry and market?ESBA volatilityESBA Average Weekly Movement7.0%REITs Industry Average Movement3.3%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.2%安定した株価: ESBA 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: ESBAの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2014642Tony Malkinn/aエンパイア・ステート・リアルティOP, L.P.は、エンパイア・ステート・リアルティ・トラスト Inc.もっと見るEmpire State Realty OP, L.P. 基礎のまとめEmpire State Realty OP の収益と売上を時価総額と比較するとどうか。ESBA 基礎統計学時価総額US$1.54b収益（TTM）US$56.00m売上高(TTM)US$776.71m27.5xPER（株価収益率2.0xP/SレシオESBA は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ESBA 損益計算書（TTM）収益US$776.71m売上原価US$369.01m売上総利益US$407.70mその他の費用US$351.70m収益US$56.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.20グロス・マージン52.49%純利益率7.21%有利子負債／自己資本比率127.1%ESBA の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.6%現在の配当利回り19%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/20 22:05終値2026/07/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Empire State Realty OP, L.P. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Upcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (5.3%).
Declared Dividend • May 20First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%.
お知らせ • May 16Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026Empire State Realty Trust, Inc. (the “Company”), announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2026, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2026, to stockholders or unitholders, as applicable, of record at the close of business on June 15, 2026.
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: US$190.3m (up 5.7% from 1Q 2025). Net income: US$1.95m (down 87% from 1Q 2025). Profit margin: 1.0% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: US$0.27 (vs US$0.29 in FY 2024)Full year 2025 results: EPS: US$0.27 (down from US$0.29 in FY 2024). Revenue: US$768.3m (flat on FY 2024). Net income: US$73.0m (down 4.2% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Feb 26Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%.
Upcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (5.3%).
Declared Dividend • May 20First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.4%.
お知らせ • May 16Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announces Dividend for Second Quarter of 2026, Payable on June 30, 2026Empire State Realty Trust, Inc. (the “Company”), announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2026, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2026, to stockholders or unitholders, as applicable, of record at the close of business on June 15, 2026.
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: US$190.3m (up 5.7% from 1Q 2025). Net income: US$1.95m (down 87% from 1Q 2025). Profit margin: 1.0% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: US$0.27 (vs US$0.29 in FY 2024)Full year 2025 results: EPS: US$0.27 (down from US$0.29 in FY 2024). Revenue: US$768.3m (flat on FY 2024). Net income: US$73.0m (down 4.2% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Feb 26Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%.
Declared Dividend • Dec 11Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.4%.
お知らせ • Dec 06Empire State Realty Trust Inc. Declares Dividend for the fourth quarter 2025, Payable on December 31, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership units. The dividends will be payable in cash on December 31, 2025, to stockholders or unitholders, as applicable, of record at the close of business on December 15, 2025.
Upcoming Dividend • Sep 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (5.5%).
Declared Dividend • Aug 11Second quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.4%.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: US$0.039 (vs US$0.10 in 2Q 2024)Second quarter 2025 results: EPS: US$0.039 (down from US$0.10 in 2Q 2024). Revenue: US$191.3m (flat on 2Q 2024). Net income: US$10.3m (down 62% from 2Q 2024). Profit margin: 5.4% (down from 14% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 06Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.8%).
Declared Dividend • May 21First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.4%.
お知らせ • May 17Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. Announces Dividend for Second Quarter 2025, Payable on June 30, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The dividends will be payable in cash on June 30, 2025, to stockholders or unitholders, as applicable, of record at the close of business on June 13, 2025.
New Risk • May 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.059 (vs US$0.035 in 1Q 2024)First quarter 2025 results: EPS: US$0.059 (up from US$0.035 in 1Q 2024). Revenue: US$180.1m (flat on 1Q 2024). Net income: US$15.8m (up 72% from 1Q 2024). Profit margin: 8.8% (up from 5.1% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 07Fourth quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.4%.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: US$0.30 (vs US$0.30 in FY 2023)Full year 2024 results: EPS: US$0.30 (in line with FY 2023). Revenue: US$767.9m (up 3.8% from FY 2023). Net income: US$80.4m (flat on FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Mar 01Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. Announces Dividend for First Quarter 2025, Payable on March 31, 2025Empire State Realty Trust, Inc. announced that its Board of Directors has declared a dividend of $0.035 per share for the first quarter of 2025, payable to holders of the Company’s 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. The dividends will be payable in cash on March 31, 2025, to stockholders or unitholders, as applicable, of record at the close of business on March 14, 2025.
Declared Dividend • Dec 11Third quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.4%.
お知らせ • Aug 19Empire State Realty OP Receives Expected Notice from NYSE Related to Delayed Filing of Quarterly Report on Form 10-QEmpire State Realty OP, L.P. (“ESROP”) announced that, as previously disclosed in the Notification of Late Filing on Form 12b-25 filed by Issuer with the Securities and Exchange Commission (“SEC”) on August 12, 2024, Issuer has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the “Form 10-Q”) by the prescribed due date because subsequent to the filing of the Issuers’ Form 10-Ks for the period ended December 31, 2023, the filing of the Issuers’ Form 10-Qs for the quarterly period ended March 31, 2024 and the Issuers’ Second Quarter 2024 earnings release and call, Ernst & Young LLP (“EY”), the Issuers’ independent registered public accounting firm, informed the Issuers that following EY’s internal post-audit quality review of its audit of the Issuers’ consolidated financial statements for the year ended December 31, 2023, EY had identified control deficiencies in the design of certain information technology general controls for the Issuers’ information systems and applications which were relevant to the preparation of consolidated financial statements as of December 31, 2023. On August 16, 2024, ESROP received a notice (the “NYSE Arca Notice” and together with the NYSE Notice, the “Notices”) from the NYSE Arca Inc. (“NYSE Arca” and together with “NYSE,” the “Exchanges”) indicating that, as a result of not having timely filed the Form 10-Q with the SEC, ESROP is not in compliance with Rule 5.3-E(i)(1) of the NYSE Arca Listed Company Manual (the “NYSE Arca Listing Standard” and together with the NYSE Listing Standard, the “Listing Standards”), which requires timely filing of all required periodic financial reports with the SEC. Each Notice indicates that the applicable Issuer can regain compliance with the applicable Listing Standard by filing such Issuer’s Form 10-Q within six months of the Form 10-Q’s filing due date. If either Issuer fails to file the Form 10-Q by such date, such Issuer may submit a request for the applicable Exchange’s consideration that allows such Issuer’s securities to trade for an additional six-month trading period. If such Exchange determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence pursuant to Section 804.00 of the NYSE Listed Company Manual or Rule 5.5-E(m) of the NYSE Arca Listed Company Manual, as applicable. If the applicable Exchange determines that an additional trading period of up to six months is appropriate and the applicable Issuer fails to regain compliance by the end of that period, suspension and delisting procedures for such Issuer will generally commence.
お知らせ • Aug 13Empire State Realty OP, L.P. announced delayed 10-Q filingOn 08/12/2024, Empire State Realty OP, L.P. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Declared Dividend • Aug 11First quarter dividend of US$0.035 announcedDividend of US$0.035 is the same as last year. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.4%.
お知らせ • Aug 09Empire State Realty OP, L.P. announces Quarterly dividend, payable on September 30, 2024Empire State Realty OP, L.P. announced Quarterly dividend of USD 0.0350 per share payable on September 30, 2024, ex-date on September 16, 2024 and record date on September 16, 2024.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 1.0% per year over the past 5 years.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.14 in 2Q 2023)Second quarter 2024 results: EPS: US$0.10 (down from US$0.14 in 2Q 2023). Revenue: US$189.5m (flat on 2Q 2023). Net income: US$17.1m (down 53% from 2Q 2023). Profit margin: 9.0% (down from 19% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Jul 25Empire State Realty OP, L.P. (ARCA:ESBA) agreed to acquire Prime retail portfolio located in Williamsburg, Brooklyn for approximately $100 million.Empire State Realty OP, L.P. (ARCA:ESBA) agreed to acquire Prime retail portfolio located in Williamsburg, Brooklyn for approximately $100 million on July 24, 2024.
Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.8%).
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.056 (vs US$0.041 in 1Q 2023)First quarter 2024 results: EPS: US$0.056. Revenue: US$181.2m (up 10% from 1Q 2023). Net income: US$9.16m (down 15% from 1Q 2023). Profit margin: 5.1% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Apr 11Empire State Realty OP, L.P. announced that it expects to receive $225 million in fundingEmpire State Realty OP, L.P. announced that it has entered into note purchase agreement for a private placement of 7.20% notes due in June 2029 for proceeds of $155,000,000, 7.32% notes due in June, 2031 for proceeds of $45,000,000, and 7.41% notes due in June, 2034 for proceeds of $25,000,000 for aggregate gross proceeds of $225,000,000 on April 10, 2024. The transaction will include participation from high quality, existing and new institutional lenders. The notes are senior unsecured. The notes have not been and will not be registered under the Securities Act of 1933, as amended. The notes are unconditionally guaranteed by each of the company’s subsidiaries that guarantees indebtedness under the operating partnership’s senior credit facility. The transaction is expected to close on June 17, 2024, subject to customary closing conditions.
New Risk • Apr 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (6.2%).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.30 (vs US$0.22 in FY 2022)Full year 2023 results: EPS: US$0.30 (up from US$0.22 in FY 2022). Revenue: US$739.6m (up 4.6% from FY 2022). Net income: US$80.1m (up 35% from FY 2022). Profit margin: 11% (up from 8.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$9.16, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 27x in the REITs industry in the US. Total returns to shareholders of 77% over the past three years.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.07 (vs US$0.034 in 3Q 2022)Third quarter 2023 results: EPS: US$0.07 (up from US$0.034 in 3Q 2022). Revenue: US$191.5m (up 4.3% from 3Q 2022). Net income: US$12.6m (up 38% from 3Q 2022). Profit margin: 6.6% (up from 5.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$8.41, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 21x in the REITs industry in the US. Total returns to shareholders of 39% over the past three years.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per share at 1.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.17 in 2Q 2022)Second quarter 2023 results: EPS: US$0.14 (down from US$0.17 in 2Q 2022). Revenue: US$190.5m (up 6.4% from 2Q 2022). Net income: US$35.9m (down 24% from 2Q 2022). Profit margin: 19% (down from 26% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$7.35, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 22x in the REITs industry in the US. Total returns to shareholders of 7.4% over the past three years.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$6.95, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 20x in the REITs industry in the US. Total loss to shareholders of 8.5% over the past three years.
Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (4.4%).
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$6.50, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 20x in the REITs industry in the US. Total loss to shareholders of 6.3% over the past three years.
Reported Earnings • May 07First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.067 loss in 1Q 2022)First quarter 2023 results: EPS: US$0.04 (up from US$0.067 loss in 1Q 2022). Revenue: US$164.6m (up 1.1% from 1Q 2022). Net income: US$10.7m (up US$28.9m from 1Q 2022). Profit margin: 6.5% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$6.48, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 26x in the REITs industry in the US. Total loss to shareholders of 22% over the past three years.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$6.08, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 25x in the REITs industry in the US. Total loss to shareholders of 9.9% over the past three years.
Reported Earnings • Mar 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$727.0m (up 20% from FY 2021). Net income: US$59.3m (up US$76.8m from FY 2021). Profit margin: 8.2% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director of Empire State Realty Trust Inc. Leslie Biddle was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$0.024 (vs US$0.041 loss in 3Q 2021)Third quarter 2022 results: EPS: US$0.024 (up from US$0.041 loss in 3Q 2021). Revenue: US$183.7m (up 20% from 3Q 2021). Net income: US$6.61m (up US$18.0m from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be US$8.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.5%).
Buying Opportunity • Aug 24Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be US$9.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 08Second quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.17 in 2Q 2021)Second quarter 2022 results: FFO per share: US$0.3 (up from US$0.17 in 2Q 2021). Revenue: US$179.2m (up 19% from 2Q 2021). Funds from operations (FFO): US$77.2m (up 65% from 2Q 2021). FFO margin: 43% (up from 31% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Aug 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be US$9.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Jun 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (3.3%).
Buying Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be US$9.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • May 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be US$9.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 06First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$164.0m (up 14% from 1Q 2021). Net loss: US$18.2m (loss widened 329% from 1Q 2021).
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director of Empire State Realty Trust Inc. Leslie Biddle was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.062 loss per share (up from US$0.099 loss in FY 2020). Revenue: US$624.1m (up 4.0% from FY 2020). Net loss: US$17.3m (loss narrowed 39% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 30Third quarter 2021 earnings released: US$0.016 loss per share (vs US$0.049 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$165.0m (up 13% from 3Q 2020). Net loss: US$4.61m (loss narrowed 66% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.8%).
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.074 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$153.4m (up 9.6% from 2Q 2020). Net income: US$4.18m (up US$25.2m from 2Q 2020). Profit margin: 2.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 08Upcoming dividend of US$0.035 per shareEligible shareholders must have bought the stock before 14 June 2021. Payment date: 30 June 2021. Trailing yield: 4.8%. Within top quartile of American dividend payers (3.4%). Higher than average of industry peers (3.0%).
Is New 90 Day High Low • Mar 09New 90-day high: US$11.74The company is up 22% from its price of US$9.61 on 08 December 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period.
Executive Departure • Mar 01Senior VP, Chief Accounting Officer & Treasurer of Empire State Realty Trust has left the companyOn the 26th of February, Andrew Prentice's tenure in the role of Senior VP, Chief Accounting Officer & Treasurer of Empire State Realty Trust ended. We don't have any record of a personal shareholding under Andrew's name. A total of 2 executives have left over the last 12 months.
Reported Earnings • Feb 20Full year 2020 earnings released: US$0.058 loss per share (vs US$0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$609.2m (down 16% from FY 2019). Net loss: US$16.7m (down 121% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 11New 90-day high: US$10.08The company is up 44% from its price of US$7.00 on 12 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 05New 90-day high: US$10.06The company is up 52% from its price of US$6.60 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period.
お知らせ • Dec 03Empire State Realty Trust, Inc. and Empire State Realty Op, L.P. Announce Executive ChangesOn November 30, 2020, Empire State Realty Trust, Inc. (Company) announced that Andrew J. Prentice will depart the Company and step down from his role as Chief Accounting Officer and Treasurer with each of the Company and Empire State Realty OP, L.P. (the “Operating Partnership”), effective February 26, 2021. On November 30, 2020, the Board appointed Stephen Horn as Senior Vice President, Chief Accounting Officer of the Company and the Operating Partnership, effective with Mr. Prentice’s departure on February 26, 2021. In such capacity, Mr. Horn will serve as the Company’s and the Operating Partnership’s principal accounting officer. Mr. Horn will assume the role of Chief Accounting Officer after an interim period serving as Senior Vice President, Deputy Chief Accounting Officer of the Company and the Operating Partnership beginning December 2, 2020. Mr. Horn, age 34, will join the Company after more than a decade with Ernst & Young LLP (“EY”) serving as an auditor for a variety of clients, including some of the Company’s REIT peers and other real estate companies.
Reported Earnings • Nov 07Third quarter 2020 earnings released: US$0.046 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$146.6m (down 23% from 3Q 2019). Net loss: US$13.3m (down 151% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 36% per year.
Is New 90 Day High Low • Oct 29New 90-day low: US$5.46The company is down 17% from its price of US$6.59 on 30 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period.
