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Upturn AI SWOT - About
ESBA 
Empire State Realty OP LP ES (ESBA)
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Upturn Advisory Summary
03/07/2025: ESBA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -24.96% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/07/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.08B USD | Price to earnings Ratio 28.74 | 1Y Target Price - |
Price to earnings Ratio 28.74 | 1Y Target Price - | ||
Volume (30-day avg) 6217 | Beta 1.43 | 52 Weeks Range 7.41 - 11.46 | Updated Date 04/1/2025 |
52 Weeks Range 7.41 - 11.46 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 1.83% | Basic EPS (TTM) 0.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.53% | Operating Margin (TTM) 21.73% |
Management Effectiveness
Return on Assets (TTM) 2.27% | Return on Equity (TTM) 4.58% |
Valuation
Trailing PE 28.74 | Forward PE - | Enterprise Value 4224673597 | Price to Sales(TTM) 2.72 |
Enterprise Value 4224673597 | Price to Sales(TTM) 2.72 | ||
Enterprise Value to Revenue 6.62 | Enterprise Value to EBITDA 13.53 | Shares Outstanding 17960200 | Shares Floating 25164320 |
Shares Outstanding 17960200 | Shares Floating 25164320 | ||
Percent Insiders - | Percent Institutions 6.55 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Empire State Realty OP LP ES
Company Overview
History and Background
Empire State Realty OP LP ES (ES) is the operating partnership of Empire State Realty Trust, Inc. ES owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The company was formed in 2011 in connection with the IPO of Empire State Realty Trust, Inc.
Core Business Areas
- Commercial Real Estate: ES focuses on owning, managing, operating, acquiring, and repositioning office and retail properties primarily in Manhattan and the greater New York metropolitan area. This includes leasing space to tenants, property management, and redevelopment activities.
Leadership and Structure
Anthony E. Malkin serves as the Chairman, President, and CEO of Empire State Realty Trust, Inc. ES is structured as an operating partnership, with Empire State Realty Trust, Inc. serving as the general partner.
Top Products and Market Share
Key Offerings
- Office Space Leasing: ES primarily generates revenue by leasing office space in its portfolio of properties. The flagship property is the Empire State Building. Market share data for specific buildings isn't readily available, but ES competes with other major landlords and office space providers in NYC. Competitors include SL Green Realty Corp (SLG), Vornado Realty Trust (VNO), and Boston Properties (BXP).
- Retail Space Leasing: ES also leases retail space within its properties. Revenue from retail leasing is a smaller portion of its overall revenue compared to office leasing. Competitors include Brookfield Properties and Westfield.
Market Dynamics
Industry Overview
The commercial real estate market, particularly in NYC, is influenced by factors such as economic growth, employment rates, interest rates, and the demand for office and retail space. Recent trends include a shift towards hybrid work models, increasing vacancy rates in some areas, and a focus on Class A properties.
Positioning
ES is positioned as a major owner and operator of commercial real estate in NYC, with a portfolio of iconic properties. Its competitive advantages include its prime locations, experienced management team, and strong brand recognition, particularly associated with the Empire State Building.
Total Addressable Market (TAM)
The TAM for commercial real estate in the New York metropolitan area is substantial, estimated to be in the hundreds of billions of dollars. Empire State Realty OP LP ES is positioned to capture a portion of this TAM through its portfolio of office and retail properties.
Upturn SWOT Analysis
Strengths
- Iconic properties (Empire State Building)
- Prime locations in Manhattan
- Experienced management team
- Strong brand recognition
Weaknesses
- High concentration in a single geographic market (NYC)
- Exposure to economic downturns in NYC
- High operating costs
- Dependence on key tenants
Opportunities
- Redevelopment and repositioning of existing properties
- Expansion into new markets
- Attracting new tenants
- Capitalizing on tourism through observation deck
Threats
- Economic downturns in NYC
- Increased competition from other landlords
- Rising interest rates
- Changes in tenant preferences (e.g., remote work)
Competitors and Market Share
Key Competitors
- SL Green Realty Corp (SLG)
- Vornado Realty Trust (VNO)
- Boston Properties (BXP)
Competitive Landscape
ES advantages stem from iconic properties and prime locations; disadvantages include geographic concentration. Competitors have broader geographic diversification, while ES has a highly recognizable asset.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends require live data.
Future Projections: Future projections require live data and analyst estimates.
Recent Initiatives: Recent initiatives require live data.
Summary
Empire State Realty OP LP ES possesses iconic properties and prime locations, offering strong brand recognition. Its geographic concentration and vulnerability to NYC's economic cycles are significant risks. Successful redevelopment and tenant attraction are crucial. Monitoring competition and adapting to evolving tenant preferences are vital for sustainable growth.
Similar Companies
- SLG
- VNO
- BXP
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- News articles
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is approximate and based on estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Empire State Realty OP LP ES
Exchange NYSE ARCA | Headquaters New York, NY, United States | ||
IPO Launch date 2013-10-02 | Chairman & CEO of Empire State Realty Trust Inc Mr. Anthony E. Malkin | ||
Sector Real Estate | Industry REIT - Office | Full time employees 667 | |
Full time employees 667 | |||
Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.
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