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Empire State Realty OP, L.p. vs Empire State Realty Trust

Empire State Realty OP, L.p. and Empire State Realty Trust are similar in size: $768m and $768m of revenue in their latest fiscal years. Empire State Realty OP, L.p. grew faster (0.0% against 0.0%). Empire State Realty OP, L.p. kept more of each dollar of sales as profit: a net margin of 9.0% against 5.6%.

Latest fiscal yearEmpire State Realty OP, L.p.ESBA, 2025Empire State Realty TrustESRT, 2025
Revenue $768m $768m
Revenue growth 0.0% 0.0%
Net income $68.8m $43.4m
Operating margin 17.7% 17.7%
Net margin 9.0% 5.6%
Return on equity — 4.2%
Free cash flow $50.6m $50.6m
Cash $133m $133m
Total debt $2.39bn $2.39bn
Debt to equity — 225.4%
Dividend per share — $0.14
Dividend yield 3.0% 1.8%
Share buybacks $8.1m $8.1m
Employees 407 407
Market value $1.33bn $1.37bn
Price vs our value range — —
Moat score 40 (Weak) 40 (Weak)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.