ESBA - Empire State Realty OP LP Stock Price, Fair Value and News

9.50USD-0.06 (-0.63%)Market Closed

Market Summary

USD9.50-0.06

Market Closed

-0.63%

ESBA Stock Price

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ESBA RSI Chart

ESBA Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

30.31

Price/Sales (Trailing)

3.32

EV/EBITDA

8.39

Price/Free Cashflow

11.58

ESBA Price/Sales (Trailing)

ESBA Profitability

EBT Margin

11.40%

Return on Assets

1.98%

Free Cashflow Yield

8.64%

ESBA Fundamentals

ESBA Revenue

Revenue (TTM)

756.1M

Rev. Growth (Yr)

10.06%

Rev. Growth (Qtr)

-6.07%

ESBA Earnings

Earnings (TTM)

82.9M

Earnings Growth (Yr)

-12.65%

Earnings Growth (Qtr)

-35.47%

Breaking Down ESBA Revenue

Last 7 days

-0.7%

Last 30 days

1.5%

Last 90 days

-7.7%

How does ESBA drawdown profile look like?

ESBA Financial Health

Debt/Cashflow

0.22

ESBA Investor Care

Dividend Yield

1.47%

Dividend/Share (TTM)

0.14

Shares Dilution (1Y)

0.03%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	756.1M	0	0	0
2023	727.6M	720.1M	728.0M	739.6M
2022	642.8M	687.4M	706.1M	727.0M
2021	584.3M	596.7M	615.2M	624.1M
2020	734.3M	699.1M	652.8M	609.2M
2019	731.5M	729.2M	735.7M	731.3M
2018	712.5M	714.6M	714.5M	731.5M
2017	684.6M	695.2M	706.0M	709.5M
2016	662.8M	663.8M	663.7M	677.4M
2015	646.9M	656.5M	662.8M	657.6M
2014	389.7M	485.3M	592.5M	635.3M
2013	262.9M	265.0M	267.9M	311.9M
2012	286.2M	277.5M	268.9M	260.3M
2011	0	0	0	294.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Which funds bought or sold ESBA recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	19,950	348,950	-%
May 15, 2024	MORGAN STANLEY	unchanged	-	-225	2,719	-%
May 15, 2024	MORGAN STANLEY	added	54.65	63,129	154,179	-%
May 15, 2024	CITADEL ADVISORS LLC	added	28.87	41,519	154,695	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	2,363	27,253	-%
May 15, 2024	Cetera Advisor Networks LLC	unchanged	-	18,897	217,961	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	unchanged	-	132	2,313	-%
May 15, 2024	MORGAN STANLEY	reduced	-3.00	19,942	712,958	-%
May 14, 2024	Beacon Pointe Advisors, LLC	unchanged	-	28,346	326,942	-%
May 14, 2024	Baird Financial Group, Inc.	unchanged	-	9,724	112,158	-%

Are Funds Buying or Selling ESBA?

Are funds buying ESBA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ESBA

No. of Funds

Recent SEC filings of Empire State Realty OP LP

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Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 11, 2024	8-K	Current Report
Apr 04, 2024	8-K	Current Report
Mar 13, 2024	8-K	Current Report
Feb 28, 2024	10-K	Annual Report
Feb 20, 2024	8-K	Current Report
Feb 20, 2024	8-K	Current Report

Peers (Alternatives to Empire State Realty OP LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Empire State Realty OP LP News

Latest updates

Empire State Realty OP LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.1%	181	193	192	191	165	181	184	198	164	160	165	153	145	151	147	141	170	195	193	176	167
Operating Expenses	-1.3%	150	152	149	144	147	142	148	152	158	139	152	127	127	132	135	141	143	148	148	140	141
S&GA Expenses	-100.0%	-	16.00	16.00	16.00	16.00	16.00	16.00	16.00	14.00	14.00	14.00	14.00	14.00	14.00	15.00	18.00	16.00	17.00	14.00	16.00	14.00
EBITDA Margin	-2.8%	0.50*	0.51*	0.52*	0.51*	0.54*	0.53*	0.51*	0.51*	0.45*	0.45*	0.46*	0.43*	0.41*	0.41*	0.43*	0.45*	0.47*	0.48*	0.49*	0.50*	0.51*
Interest Expenses	-1.0%	25.00	25.00	25.00	25.00	25.00	26.00	26.00	25.00	25.00	24.00	24.00	23.00	24.00	23.00	23.00	24.00	20.00	19.00	19.00	21.00	21.00
Income Taxes	-136.6%	-0.65	2.00	1.00	1.00	-1.22	1.00	1.00	0.00	-1.60	2.00	0.00	-1.18	-2.11	-4.18	0.00	-2.45	-0.38	1.00	1.00	1.00	-0.73
Earnings Before Taxes	-45.7%	10.00	18.00	21.00	38.00	10.00	23.00	12.00	49.00	-18.82	-2.54	-10.16	3.00	-5.30	-3.47	-12.23	-22.07	8.00	30.00	28.00	20.00	9.00
EBT Margin	-3.2%	0.11*	0.12*	0.13*	0.11*	0.13*	0.09*	0.06*	0.03*	-0.04*	-0.02*	-0.03*	-0.03*	-0.07*	-0.05*	0.01*	0.06*	0.12*	0.12*	0.13*	0.14*	0.15*
Net Income	-35.5%	10.00	16.00	20.00	37.00	12.00	22.00	10.00	49.00	-17.22	-4.07	-10.18	4.00	-3.19	1.00	-12.27	-19.62	8.00	29.00	27.00	19.00	10.00
Net Income Margin	-3.9%	0.11*	0.11*	0.12*	0.11*	0.13*	0.09*	0.05*	0.03*	-0.04*	-0.02*	-0.01*	-0.02*	-0.06*	-0.04*	0.01*	0.06*	0.11*	0.12*	0.13*	0.13*	0.15*
Free Cashflow	94.6%	71.00	36.00	90.00	20.00	86.00	37.00	90.00	16.00	68.00	45.00	83.00	10.00	73.00	19.00	89.00	10.00	65.00	34.00	109	11.00	78.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	4,191	4,219	4,217	4,185	4,157	4,164	4,201	4,217	4,243	4,282	4,112	4,123	4,152	4,151	4,011	4,550	4,665	3,932	3,925	4,156	4,192
Cash Equivalents	-3.8%	334	347	354	315	273	264	387	359	430	424	582	541	567	527	373	873	1,009	234	294	375	243
Goodwill	0%	492	492	491	491	491	491	492	492	492	491	492	492	491	491	492	491	491	491	491	492	492
Liabilities	-0.9%	2,466	2,488	2,483	2,473	2,480	2,481	2,527	2,551	2,581	2,598	2,398	2,390	2,420	2,419	2,267	2,794	2,815	1,984	1,985	2,208	2,225
Long Term Debt	0.0%	974	974	974	974	974	974	974	974	973	973	973	973	973	973	973	973	973	798	606	607	608
Shares Outstanding	0.5%	265	263	263	263	264	268	270	272	274	277	278	278	278	284	281	288	293	298	298	298	298
Float	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	94.6%	70,926	36,443	90,142	19,543	86,363	37,188	90,307	15,985	67,693	45,459	83,298	10,329	73,400	18,740	89,130	9,649	64,774	34,218	109,093	11,378	77,902
Share Based Compensation	-34.9%	3,449	5,294	4,989	5,369	4,374	5,412	5,374	5,765	4,460	4,844	5,378	5,304	4,734	5,321	5,504	8,779	5,891	5,465	3,647	6,326	5,419
Cashflow From Investing	-87.7%	-71,269	-37,961	-52,123	15,375	-2,631	-141,775	-32,471	-21,669	-34,976	-141,982	-22,315	-27,633	-20,812	-29,764	-33,641	-39,103	-40,610	-60,588	90,980	130,515	-11,163
Cashflow From Financing	-70.7%	-21,302	-12,479	-12,874	-19,941	-17,579	-20,550	-30,780	-64,224	-24,688	-49,806	-18,586	-11,523	-13,130	151,010	-559,384	-84,562	750,103	-32,352	-283,132	-33,191	-32,876
Dividend Payments	-100.0%	-	6,331	10,534	10,514	9,743	6,377	10,631	10,758	10,819	5,979	11,029	10,505	1,050	-4,519	1,050	31,668	32,651	29,648	32,180	32,248	31,942
Buy Backs	-	-	-	-	7,411	5,694	7,631	18,105	52,439	12,001	36,661	6,510	-	3,533	21,763	7,345	51,939	62,666	-	-	-	-

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ESBA Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental revenue	$ 153,882	$ 140,091
Observatory revenue	24,596	22,154
Third-party management and other fees	265	427
Other revenue and fees	2,436	1,950
Total revenues	181,179	164,622
Operating expenses:
Property operating expenses	45,060	42,044
Ground rent expenses	2,331	2,331
General and administrative expenses	15,972	15,708
Observatory expenses	8,431	7,855
Real estate taxes	32,241	31,788
Depreciation and amortization	46,081	47,408
Total operating expenses	150,116	147,134
Total operating income (loss)	31,063	17,488
Other income (expense):
Interest income	4,178	2,595
Interest expense	(25,128)	(25,304)
Loss on early extinguishment of debt	(553)	0
Gain on disposition of property	0	15,696
Income (loss) before income taxes	9,560	10,475
Income tax benefit	655	1,219
Net income (loss)	10,215	11,694
Private perpetual preferred unit distributions	(1,050)	(1,050)
Net (income) loss attributable to non-controlling interests in other partnerships	(4)	43
Net income attributable to common unitholders	$ 9,161	$ 10,687
Total weighted average units:
Basic (in shares)	264,562	264,493
Diluted (in shares)	267,494	265,197
Earnings per unit attributable to common unitholders:
Basic (in USD per share)	$ 0.03	$ 0.04
Diluted (in USD per share)	0.03	0.04
Dividends per unit ((in USD per share)	$ 0.035	$ 0.035

ESBA Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commercial real estate properties, at cost:
Land	$ 366,357	$ 366,357
Development costs	8,187	8,178
Building and improvements	3,327,773	3,280,657
Commercial real estate properties, at cost	3,702,317	3,655,192
Less: accumulated depreciation	(1,288,519)	(1,250,062)
Commercial real estate properties, net	2,413,798	2,405,130
Cash and cash equivalents	333,573	346,620
Restricted cash	51,738	60,336
Tenant and other receivables	40,137	39,836
Deferred rent receivables	257,266	255,628
Prepaid expenses and other assets	74,472	98,167
Deferred costs, net	180,462	172,457
Acquired below-market ground leases, net	319,284	321,241
Right of use assets	28,378	28,439
Goodwill	491,479	491,479
Total assets	4,190,587	4,219,333
Liabilities:
Mortgage notes payable, net	876,497	877,388
Senior unsecured notes, net	973,926	973,872
Unsecured term loan facilities, net	268,503	389,286
Unsecured revolving credit facility	120,000	0
Accounts payable and accrued expenses	91,005	99,756
Acquired below-market leases, net	12,798	13,750
Ground lease liabilities	28,378	28,439
Deferred revenue and other liabilities	69,289	70,298
Tenants’ security deposits	25,457	35,499
Total liabilities	2,465,853	2,488,288
Commitments and contingencies
Capital:
Total Empire State Realty OP, L.P.'s capital	1,724,734	1,715,638
Non-controlling interest in other partnerships	0	15,407
Total capital	1,724,734	1,731,045
Total liabilities and capital	4,190,587	4,219,333
Private perpetual preferred units, series 2019
Capital:
Private perpetual preferred units	21,936	21,936
Private perpetual preferred units, series 2014
Capital:
Private perpetual preferred units	8,004	8,004
Series PR Operating Partnership Units
Capital:
ESRT partner's capital (2,740 and 2,709 general partner operating partnership units and 162,058 and 160,337 limited partner operating partnership units outstanding in 2024 and 2023, respectively)	996,122	985,518
Limited partner operating partnership units	692,575	694,512
Series ES Operating Partnership Units Limited Partners
Capital:
Limited partner operating partnership units	4,722	4,427
Series 60 Operating Partnership Units Limited Partners
Capital:
Limited partner operating partnership units	863	779
Series 250 Operating Partnership Units Limited Partners
Capital:
Limited partner operating partnership units	$ 512	$ 462

About Empire State Realty OP LP

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

CEO	Mr. Anthony E. Malkin
WEBSITE	empirestaterealtytrust.com
INDUSTRY	REIT Mortgage
EMPLOYEES	667

Empire State Realty OP LP Frequently Asked Questions

What is the ticker symbol for Empire State Realty OP LP? What does ESBA stand for in stocks?

ESBA is the stock ticker symbol of Empire State Realty OP LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Empire State Realty OP LP (ESBA)?

As of Thu May 16 2024, market cap of Empire State Realty OP LP is 2.51 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ESBA stock?

You can check ESBA's fair value in chart for subscribers.

What is the fair value of ESBA stock?

You can check ESBA's fair value in chart for subscribers. The fair value of Empire State Realty OP LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Empire State Realty OP LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ESBA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Empire State Realty OP LP a good stock to buy?

The fair value guage provides a quick view whether ESBA is over valued or under valued. Whether Empire State Realty OP LP is cheap or expensive depends on the assumptions which impact Empire State Realty OP LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ESBA.

What is Empire State Realty OP LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, ESBA's PE ratio (Price to Earnings) is 30.31 and Price to Sales (PS) ratio is 3.32. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ESBA PE ratio will change depending on the future growth rate expectations of investors.