Empire State Realty OP, L.P.
About Empire State Realty OP, L.P.
Empire State Realty OP LP is an NYC-focused real estate investment trust (REIT) that owns and operates a portfolio of well-leased, top-of-tier, modernized, amenitized, and well-located office, retail, and multifamily assets, conducts all of its business, and owns substantially all of its assets. The firm operates in two segments, Real Estate and Observatory. Through the Real Estate segment, it offers services related to the ownership, management, operation, acquisition, repositioning, and disposition of its real estate assets. Under the Observatory segment, it operates the two observatories of the Empire State Building. The company generates maximum revenue from the Real Estate segment.
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Financial summary
- Revenue FY2025
- $766.8M
- Net income
- $116.3M
- Total assets
- $4.5B
- Market cap
- $1.5B
- Operating margin
- 17.7%
- Net margin
- 9.5%
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $768.3M
- Operating expenses
- $632.6M
- Operating income
- $135.6M
- Income tax
- $2.6M
- Net income
- $73.0M
- EPS (basic)
- $0.26
- EPS (diluted)
- $0.25
Balance sheet
- Total assets
- $4.5B
- Current assets
- $4.5B
- Total liabilities
- $2.6B
- Current liabilities
- $2.6B
- Shareholders’ equity
- $1.8B
Cash flow
- Operating cash flow
- $249.1M
- Investing cash flow
- -$550.0M
- Financing cash flow
- $38.2M
- Net cash flow
- -$262.8M
Statements via Polygon.io (SEC filings)
- Market cap
- $1.5B
- P/E ratio
- 21.1
- EPS (diluted)
- $0.25
- Dividend yield
- 2.66%
- Shares outstanding
- 278.9M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 2, 2013
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $116.3M in FY2025.
- Revenue grew 23% from FY2021 to FY2025.
- Trading 39% below its 52-week high.
- Pays a dividend yielding about 2.66% annually.
- Valued at a price-to-earnings (P/E) ratio of 21.1.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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