Empire State Realty OP
Operates New York City office, retail, residential, and Empire State Building Observatory assets.
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Profile
Generates contractual rent from New York City office, retail, and multifamily properties, alongside ticketed admissions at the Empire State Building Observatory. FISK represents common operating-partnership units that participate pro rata in the portfolio's overall operations.
Generates contractual rent from New York City office, retail, and multifamily properties, while ticketed admissions and related visitor spending support the Empire State Building Observatory. The portfolio includes the Empire State Building, One Grand Central Place, Broadway offices, Williamsburg retail, and Manhattan multifamily properties.
Self-manages office and retail properties, relies on a third-party manager for multifamily assets, and emphasizes leasing, tenant service, balance-sheet management, energy efficiency, indoor environmental quality, and the Observatory visitor experience.
FISK represents Series 250 common operating-partnership units, with cash distributions determined by the general partner. Empire State Realty Trust, as sole general partner, controls business and management decisions while limited partners do not participate in management.
Company facts
Key statistics
Year to date −31.3% · Average volume (30d) 928
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$0.15 | — | — | $196.9M | — | 0.00% |
| May 7, 2026Q1 FY26 | — | $0.01 | — | — | $190.3M | — | 0.00% |
| Feb 17, 2026Q4 FY25 | — | $0.12 | — | — | $199.2M | — | 0.00% |
| Nov 6, 2025Q3 FY25 | — | $0.06 | — | — | $197.7M | — | 0.00% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $180.1M | $190.8M | $197.7M | $199.2M | $190.3M | $196.9M | |
| Gross profit | $91.5M | $101.1M | $164.5M | −$343.4M | −$2.7M | $164.0M | |
| Operating income | $25.8M | $35.1M | $39.3M | $35.4M | $29.5M | $27.4M | |
| Net income | $10.3M | $7.6M | $9.0M | $20.7M | $3.0M | −$25.8M | |
| Diluted EPS | $0.05 | $0.04 | $0.05 | $0.07 | $0.00 | −$0.15 | |
| Gross margin | 50.8% | 53.0% | 83.2% | -172.4% | -1.4% | 83.3% | |
| Operating margin | 14.3% | 18.4% | 19.9% | 17.8% | 15.5% | 13.9% |
Fiscal years (4-quarter sums)FY24 $767.9M · FY25 $767.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $85.6M · Total debt $2.26B · Total assets $4.27B · Shareholders' equity $1.79B
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.035 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.035 | |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.035 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.035 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.035 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.035 | |
| Dec 16, 2024 | Dec 16 | Dec 31 | $0.035 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.035 |
Ownership
Shares outstanding 279.92M · Float 279.91M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Susquehanna International Group, LLP | 25.4K | 0.01% | 13F | May 15, 2026 |
| Ci Private Wealth, LLC | 21.9K | 0.01% | 13F | May 15, 2026 |
| Wealthspire Advisors, LLC | 12.1K | 0.00% | 13F | May 1, 2026 |
| Advisor Group Holdings, Inc. | 11.0K | 0.00% | 13F | May 15, 2026 |
| Bell Investment Advisors, Inc | 9.8K | 0.00% | 13F | Apr 17, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- SL Green Realty
Manhattan office landlord with a directly overlapping observatory.
- Vornado Realty Trust
Large New York office, retail, and multifamily landlord.
- BXP
Gateway-market office owner with a major Manhattan presence.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Empire State Realty OP | $4.49 | 0.00% | $764.6M | — | — | 1.0 | +3.0% |
| SL Green Realty | $57.95 | +0.68% | $4.09B | — | — | 3.9 | −29.0% |
| Vornado Realty Trust | $38.20 | 0.00% | $7.19B | 1,154.1 | — | 3.9 | +4.7% |
| BXP | $68.89 | −0.61% | $11.05B | 37.3 | 33.8 | 3.1 | +3.1% |
| Median | 595.7 | 33.8 | 3.9 | +3.1% |