Empire State Realty OP (ESBA) 주식 개요엠파이어 스테이트 리얼티 OP, L.P.는 엠파이어 스테이트 리얼티 트러스트, Inc. 자세히 보기ESBA 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장0/6과거 실적1/6재무 건전성1/6배당3/6강점공정 가치 추정치보다 낮은 63.5% 에서 거래위험 분석이자 지급액이 수익으로 잘 충당되지 않음이익 마진 (7.2%)이 지난해 (10.7%)보다 낮습니다.재무 결과에 영향을 미치는 대규모 일회성 항목불안정한 배당 실적모든 위험 점검 보기ESBA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$5.0624.6% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-39m1b2016201920222025202620282031Revenue US$1.0bEarnings US$74.7mAdvancedSet Fair ValueView all narrativesEmpire State Realty OP, L.P. 경쟁사American Assets TrustSymbol: NYSE:AATMarket cap: US$1.9bGladstone CommercialSymbol: NasdaqGS:GOODMarket cap: US$584.7mHines Global Income TrustSymbol: OTCPK:HGITMarket cap: US$3.0bCTO Realty GrowthSymbol: NYSE:CTOMarket cap: US$695.9m가격 이력 및 성과Empire State Realty OP 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$5.0652주 최고가US$8.7552주 최저가US$4.65베타1.41개월 변동-7.16%3개월 변동3.06%1년 변동-39.40%3년 변동-28.13%5년 변동-56.75%IPO 이후 변동-62.52%최근 뉴스 및 업데이트Upcoming 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%.공시 • 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%.더 많은 업데이트 보기Recent 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%.공시 • 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%.공시 • 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%.공시 • 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.공시 • 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%.공시 • 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.공시 • 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%.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률ESBAUS REITsUS 시장7D-4.0%-5.1%1.4%1Y-39.4%5.1%25.7%전체 주주 수익률 보기수익률 대 산업: ESBA은 지난 1년 동안 5.1%의 수익을 기록한 US REITs 산업보다 저조한 성과를 냈습니다.수익률 대 시장: ESBA은 지난 1년 동안 25.7%를 기록한 US 시장보다 저조한 성과를 냈습니다.주가 변동성Is ESBA's price volatile compared to industry and market?ESBA volatilityESBA Average Weekly Movement6.2%REITs Industry Average Movement3.3%Market Average Movement7.2%10% most volatile stocks in US Market16.8%10% least volatile stocks in US Market3.1%안정적인 주가: ESBA는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: ESBA의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2014642Tony Malkinn/a엠파이어 스테이트 리얼티 OP, L.P.는 엠파이어 스테이트 리얼티 트러스트, Inc.더 보기Empire State Realty OP, L.P. 기초 지표 요약Empire State Realty OP의 순이익과 매출은 시가총액과 어떻게 비교됩니까?ESBA 기초 통계시가총액US$1.43b순이익 (TTM)US$56.00m매출 (TTM)US$776.71m25.6x주가수익비율(P/E)1.8x주가매출비율(P/S)ESBA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표ESBA 손익계산서 (TTM)매출US$776.71m매출원가US$369.01m총이익US$407.70m기타 비용US$351.70m순이익US$56.00m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.20총이익률52.49%순이익률7.21%부채/자본 비율127.1%ESBA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.8%현재 배당 수익률19%배당 성향ESBA는 안정적으로 배당을 지급합니까?ESBA 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 ESBA를 매수해야 하나요?Empire State Realty OP 배당 일정배당락일Jun 15 2026배당 지급일Jun 30 2026배당락일까지 남은 일수8 days배당 지급일까지 남은 일수7 daysESBA는 안정적으로 배당을 지급합니까?ESBA 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/22 00:59종가2026/06/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Empire State Realty OP, L.P.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
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%.
공시 • 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%.
공시 • 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%.
공시 • 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%.
공시 • 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.
공시 • 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%.
공시 • 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.
공시 • 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%.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
