Empire State Realty OP Series 60 Units
Operates New York City offices, retail, apartments, and the Empire State Building Observatory.
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Profile
Operates New York City office, retail, and multifamily properties, earning mostly rental revenue, and sells timed admission to the Empire State Building Observatory. OGCP represents non-voting Series 60 limited-partnership units that receive the same per-unit distributions as ESRT Class A shares, while ESRT controls their exchange for cash or Class A shares.
Runs a New York City portfolio of office, retail, and multifamily properties, handling office and retail leasing, management, redevelopment, and dispositions directly. Rental income comes from base rent, escalations, tenant reimbursements, lease-termination fees, management fees, and other property fees; multifamily operations use a third-party manager.
Sells timed admission to the Empire State Building's Observatory experiences and licenses its broadcasting mast to television and radio broadcasters. Modernized buildings, tenant service, pre-built office space, direct property management, and energy-efficiency work are central to the operating model.
Operates through a partnership controlled by ESRT, its sole general partner. OGCP Series 60 units are non-voting, trade at lower volume than ESRT Class A shares, and can be exchanged for cash or Class A shares at ESRT's election.
Company facts
Key statistics
Year to date −29.0% · Average volume (30d) 1.4K
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 | — | +4.21% |
| 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 | $2.1M | |
| 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 | −$24.8M | |
| 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% | 1.1% | |
| 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 267.37M · Float 4.17M
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 |
|---|---|---|---|---|
| Beacon Pointe Advisors, LLC | 32.2K | 0.01% | 13F | May 15, 2026 |
| Susquehanna International Group, LLP | 27.6K | 0.01% | 13F | May 15, 2026 |
| Verdence Capital Advisors LLC | 23.3K | 0.01% | 13F | Apr 30, 2026 |
| Vectors Research Management, LLC | 23.3K | 0.01% | 13F | May 5, 2026 |
| Raymond James Financial Inc | 21.5K | 0.01% | 13F | May 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- SL Green Realty
Manhattan office landlord with a direct rival observation deck.
- Vornado Realty Trust
Broad NYC portfolio overlaps in office, retail, and multifamily.
- BXP
Premium Midtown workplaces contest large corporate office leases.
- Rithm Capital
Elecor's Class A NYC offices compete for Midtown office tenants.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Empire State Realty OP Series 60 Units | $4.52 | +0.44% | $742.0M | — | — | 0.9 | +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% |
| Rithm Capital | $10.09 | +0.05% | $5.63B | 16.8 | 4.5 | 1.0 | +205.4% |
| Median | 37.3 | 19.2 | 3.5 | +3.9% |