Stocktoria

Empire State Realty OP, L.P. ESBA

NYSE · stock · Real Estate Investment Trusts · LEI

Empire State Realty OP, L.P. statistics & valuation

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
27.10% 27.20% 26.10% 21.20% 9.60% 12.70% 17.50% 19.80% 20.70% 17.70% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
277.6M 298.0M 297.3M 297.8M 283.8M 277.4M 269.9M 265.6M 269.0M 270.0M 2016201720182019202020212022202320242025
Net debt ($)
$204.6M $252.8M $403.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.70% 3.00% 2.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.38 $0.39 $0.39 $0.27 -$0.10 -$0.06 $0.22 $0.30 $0.28 $0.25 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Empire State Realty OP, L.P. trades at about 16× earnings — below its 10-year norm (10-year range 26.1×–66.7×, median 49.9×).

16× 66.7×

Shaded band = 10-year range (26.1×–66.7×); dot = today's 16×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin17.7%20.7%19.8%17.5%12.7%9.6%21.2%26.1%27.2%27.1%
Net margin———————15.9%16.5%15.7%
Return on assets———————2.8%3.0%2.7%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.