How does OGCP's PE Ratio compare to its peers?

OGCP is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the peer average (28.4x).

How does OGCP's PE Ratio compare vs other companies in the North American REITs Industry?

OGCP is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the Global REITs industry average (16.3x).

What is OGCP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate OGCP's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of OGCP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

OGCP ($9.7) is trading below our estimate of [[fair value]] ($21.91)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

OGCP Stock Overview

Operates as a subsidiary of Empire State Realty Trust, Inc. More details

OGCP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 55.7% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Empire State Realty OP, L.P. Competitors

Empire State Realty Trust

NYSE:ESRT

US$2.8b

Broadstone Net Lease

NYSE:BNL

US$3.1b

American Assets Trust

NYSE:AAT

US$2.0b

Essential Properties Realty Trust

NYSE:EPRT

US$5.5b

Price History & Performance

Summary of share price highs, lows and changes for Empire State Realty OP
Historical stock prices
Current Share Price	US$9.70
52 Week High	US$11.90
52 Week Low	US$8.49
Beta	1.44
1 Month Change	-11.82%
3 Month Change	-11.82%
1 Year Change	0.94%
3 Year Change	5.90%
5 Year Change	-29.95%
Change since IPO	-57.83%

Recent updates

Shareholder Returns

	OGCP	US REITs	US Market
7D	1.4%	-0.2%	-1.1%
1Y	0.9%	-4.7%	22.4%

Return vs Industry: OGCP exceeded the US REITs industry which returned -4.6% over the past year.

Return vs Market: OGCP underperformed the US Market which returned 23.7% over the past year.

Price Volatility

Is OGCP's price volatile compared to industry and market?
OGCP volatility
OGCP Average Weekly Movement	6.3%
REITs Industry Average Movement	3.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: OGCP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: OGCP's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	666	Tony Malkin	n/a

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.

Empire State Realty OP, L.P. Fundamentals Summary

How do Empire State Realty OP's earnings and revenue compare to its market cap?
OGCP fundamental statistics
Market cap	US$2.75b
Earnings (TTM)	US$73.19m
Revenue (TTM)	US$758.43m

37.2x

P/E Ratio

3.6x

P/S Ratio

Is OGCP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OGCP income statement (TTM)
Revenue	US$758.43m
Cost of Revenue	US$349.10m
Gross Profit	US$409.33m
Other Expenses	US$336.14m
Earnings	US$73.19m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.27
Gross Margin	53.97%
Net Profit Margin	9.65%
Debt/Equity Ratio	139.9%

How did OGCP perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

17%

Payout Ratio

Does OGCP pay a reliable dividends?

See OGCP dividend history and benchmarks

When do you need to buy OGCP by to receive an upcoming dividend?
Empire State Realty OP dividend dates
Ex Dividend Date	Dec 16 2024
Dividend Pay Date	Dec 31 2024
Days until Ex dividend	16 days
Days until Dividend pay date	1 day

Does OGCP pay a reliable dividends?

See OGCP dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 22:07
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Empire State Realty OP, L.P. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution