Empire State Realty OP LP ESBA Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$5.20 down $0.03, 0.48% at close Nov 6
Last close · Previous close $5.22
- Market cap
- $117.59MAt the Nov 6 close
- P/E ratio
- 259.75On last 12 months’ EPS
- Diluted EPS
- $0.02Last 12 months
- Dividend yield
- 2.69%Last 12 months
Price chart
$5.20up $0.90, 20.81%Past month
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$5.22Nov 5
- Volume715.00Nov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume9.30KLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $3.79 to $7.61; now $5.20
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
ESBA beat the S&P 500 in 2 of 7 periods.
| Period | ESBA and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | ESBA: up 20.8% S&P 500: down 5.6% | ESBA beat the S&P 500 by 26.4 percentage points Beat |
| 3M | ESBA: up 7.5% S&P 500: down 4.1% | ESBA beat the S&P 500 by 11.6 percentage points Beat |
| YTD | ESBA: down 15.7% S&P 500: up 8.7% | ESBA trailed the S&P 500 by 24.4 percentage points Trailed |
| 1Y | ESBA: down 24.4% S&P 500: up 10.9% | ESBA trailed the S&P 500 by 35.3 percentage points Trailed |
| Long term | ||
| 3Y | ESBA: down 37.1% S&P 500: up 75.0% −14.3% vs +20.5% a year | ESBA trailed the S&P 500 by 112.1 percentage points Trailed |
| 5Y | ESBA: down 45.1% S&P 500: up 67.8% −11.3% vs +10.9% a year | ESBA trailed the S&P 500 by 112.9 percentage points Trailed |
| 10Y | ESBA: down 66.3% S&P 500: up 313.1% −10.3% vs +15.2% a year | ESBA trailed the S&P 500 by 379.4 percentage points Trailed |
$10,000 invested in ESBA 10 years ago (Nov 4, 2016) would be worth about $3,371 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
ESBA beat the S&P 500 in 2 of 7 periods.
| Period | ESBA and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | ESBA: up 20.8% S&P 500: down 5.6% | ESBA beat the S&P 500 by 26.4 percentage points Beat |
| 3M | ESBA: up 6.6% S&P 500: down 4.3% | ESBA beat the S&P 500 by 10.9 percentage points Beat |
| YTD | ESBA: down 17.5% S&P 500: up 7.8% | ESBA trailed the S&P 500 by 25.3 percentage points Trailed |
| 1Y | ESBA: down 26.4% S&P 500: up 9.7% | ESBA trailed the S&P 500 by 36.1 percentage points Trailed |
| Long term | ||
| 3Y | ESBA: down 40.6% S&P 500: up 68.8% −16.0% vs +19.1% a year | ESBA trailed the S&P 500 by 109.4 percentage points Trailed |
| 5Y | ESBA: down 50.1% S&P 500: up 56.9% −13.0% vs +9.4% a year | ESBA trailed the S&P 500 by 107.0 percentage points Trailed |
| 10Y | ESBA: down 72.6% S&P 500: up 252.6% −12.1% vs +13.4% a year | ESBA trailed the S&P 500 by 325.2 percentage points Trailed |
$10,000 invested in ESBA 10 years ago (Nov 4, 2016) would be worth about $2,741 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$82.30
Closing high on . Now 93.7% below that record.
Split-adjusted daily closes since Oct 2, 2013.
Stock splits
ESBA hasn’t split since its price history begins in 2013.
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
259.8×The Nov 6 close ÷ diluted EPS over the last 12 months ($0.02)
The range covers daily P/E ratios from Oct 28, 2021 to Nov 6, 2026, each based on the previous 12 months of earnings.
ESBA trades at 259.8× its earnings over the last 12 months, above its 5-year high of 25.3×. In plain terms, buyers are paying about $260 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 0.1×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 0.1×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 7.0×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 204.13%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $2.22BAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own ESBA DCF in Excel. Value Empire State Realty OP LP with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $784.18Mup 2.0%
- Net income
- $9.26Mdown 86.5%
- Diluted EPS
- $0.02down 91.3%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $199.60M | $22.80M | $0.08 |
| Q4 FY24 (Dec 31, 2024) | $197.60M | $18.79M | $0.06 |
| Q1 FY25 (Mar 31, 2025) | $180.07M | $15.78M | $0.05 |
| Q2 FY25 (Jun 30, 2025) | $191.25M | $11.39M | $0.04 |
| Q3 FY25 (Sep 30, 2025) | $197.73M | $13.65M | $0.05 |
| Q4 FY25 (Dec 31, 2025) | $199.22M | $32.17M | $0.11 |
| Q1 FY26 (Mar 31, 2026) | $190.33M | $3.00M | $0.01 |
| Q2 FY26 (Jun 30, 2026) | $196.90M | −$39.55M | −$0.15 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $624.09M | −$13.02M | −$0.06 |
| FY22 (Dec 31, 2022) | $727.04M | $63.46M | $0.22 |
| FY23 (Dec 31, 2023) | $739.57M | $84.34M | $0.30 |
| FY24 (Dec 31, 2024) | $767.92M | $80.36M | $0.28 |
| FY25 (Dec 31, 2025) | $768.27M | $72.98M | $0.25 |
Margins
- Gross 52.4%
- Operating −4.4%
- Net 1.2%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $240.05MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$227.64MLast 12 months
- Capital spending$12.41MLast 12 months
- 30.6%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $5.97MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$39.19MLast 12 months
- Total returned$45.17MLast 12 months
19% of free cash flow
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$2.23BAs of Jun 30, 2026
- 1.24As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 0.5%Last 12 months
Over the last 12 months, Empire State Realty OP LP’s net income was 0.5% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 0.2%Last 12 months
Over the last 12 months, Empire State Realty OP LP’s net income was 0.2% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.40 |
| 2017 | $0.42 |
| 2018 | $0.42 |
| 2019 | $0.42 |
| 2020 | $0.21 |
| 2021 | $0.11 |
| 2022 | $0.14 |
| 2023 | $0.14 |
| 2024 | $0.14 |
| 2025 | $0.14 |
| 2026 (to date) | $0.11 |
Dividend details
- $0.14Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 2.69%; 5-yr low 0.66%, 5-yr high 4.25%Last 12 months
Dividends paid over the last 12 months as a share of the Nov 6 close. The bar shows where that yield sits in its range over the past five years; the median was 1.83%.
- $0.035Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- 700.0%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Empire State Realty OP LP
No Description Available
- Sector
- Real Estate
- Industry
- REIT - Office
- Headquarters
- New York, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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ESBA stock FAQ
What is ESBA stock’s price today?
Empire State Realty OP LP (ESBA) traded at $5.20 at the close on , down $0.03 (0.48%) from the previous close of $5.22. Over the past 52 weeks it has traded between $3.79 and $7.61.
If you invested $1,000 in ESBA 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in ESBA on would be worth about $337 at the close on , a total return of −66.3%. The same $1,000 would be worth $549 if invested five years ago and $756 if invested one year ago. Past performance doesn’t predict future returns.
What is Empire State Realty OP LP’s market cap?
Empire State Realty OP LP’s market capitalization is about $117.6 million. That’s Tiingo’s daily market cap for , at that day’s closing price of $5.20 (how market cap works). Empire State Realty OP LP reported 22.64M shares outstanding at the end of its latest quarter ().
What is ESBA’s P/E ratio?
ESBA trades at 259.8 times its diluted earnings over the four quarters to ($0.02 per share), at the close. Over the past five years its P/E has ranged from 1.7 to 25.3, with a median of 3.2. (How the P/E ratio works.)
How much revenue does Empire State Realty OP LP make?
Empire State Realty OP LP reported $784.2 million of revenue over the four quarters to , up 2.0% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $196.9 million, up 3.0% from a year earlier.
Is Empire State Realty OP LP profitable?
Yes. Empire State Realty OP LP earned $9.3 million of net income over the four quarters to , a net margin of 1.2%, and its operating margin was −4.4% (what margins tell you).
What are ESBA’s earnings per share?
ESBA’s diluted earnings per share were $0.02 over the four quarters to , compared with $0.23 in the twelve months before. The latest quarter (Q2 FY26) brought −$0.15 per share, against $0.04 a year earlier (how EPS works).
Does ESBA pay a dividend?
Yes. Empire State Realty OP LP pays a quarterly dividend. The most recent was $0.035 per share, with an ex-dividend date of . Over the last twelve months it paid $0.14 per share, a 2.69% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($0.14 per share), and if the next 12 months match the last 12, 100 shares would receive about $14 over 12 months, and $1,000 over 12 months would take about 7,143 shares, roughly $37,108 at the close. Dividends can change.
What is ESBA’s 52-week high and low?
Over the past 52 weeks ESBA has traded as low as $3.79 and as high as $7.61. At $5.20 at the close on , it is 31.7% below that high and 37.1% above the low.
What is ESBA’s all-time high?
ESBA’s highest closing price was $82.30 on , adjusted for stock splits. At $5.20 at the close on , it is 93.7% below that record.
Has ESBA stock ever split?
No. ESBA hasn’t split since its price history begins in 2013.
How has ESBA stock performed?
Including dividends and measured to the close on , ESBA has returned −15.7% so far this year and −24.4% over the past year, and −45.1% over five years (−11.3% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Empire State Realty OP LP in?
Empire State Realty OP LP is in the Real Estate sector and the REIT - Office industry, and is headquartered in New York, USA.
What exchange does ESBA trade on?
Empire State Realty OP LP trades on the NYSE under the ticker symbol ESBA. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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