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Empire State Realty Op L p   (NYSEArca: ESBA)
Other Ticker:  
 
 
Price: $10.8800 $-0.23 -2.070%
Day's High: $11.01 Week Perf: 2.16 %
Day's Low: $ 10.74 30 Day Perf: 2.64 %
Volume (M): 75 52 Wk High: $ 11.50
Volume (M$): $ 812 52 Wk Avg: $9.91
Open: $10.90 52 Wk Low: $7.85



 Market Capitalization (Millions $) 2,933
 Shares Outstanding (Millions) 270
 Employees -
 Revenues (TTM) (Millions $) 763
 Net Income (TTM) (Millions $) 77
 Cash Flow (TTM) (Millions $) 49
 Capital Exp. (TTM) (Millions $) 325

Empire State Realty Op L P
Empire State Realty OP L.P. is a publicly traded real estate investment trust (REIT) that owns, manages, operates, acquires, and develops office and retail properties primarily in Manhattan and the greater New York metropolitan area. It was formed in 2013 through the combination of Empire State Building Associates, L.L.C., and Malkin Holdings LLC. The REIT is headquartered in New York City and has a diversified portfolio of commercial properties that includes Class A office buildings, retail space, and parking garages.

The company's primary asset is the iconic Empire State Building, a8 million square foot office tower in Midtown Manhattan that was completed in 1931. In addition to the Empire State Building, Empire State Realty OP L.P. owns and operates a portfolio of 13 properties, which includes 10 office buildings and three retail properties, primarily located in Midtown and Downtown Manhattan.

The company's Class A office properties have attracted a diverse tenant base that includes financial services, media, law firms, technology, and healthcare companies. Some of its tenants include major corporations such as LinkedIn, Shutterstock, and Clear Channel Communications. The company's retail properties include ground-floor space in its office buildings as well as standalone retail locations, and mostly cater to the high-end luxury market.

One of the key strategies of Empire State Realty OP L.P. is to create value through improving the efficiency and sustainability of its properties. The company has invested heavily in green initiatives such as energy-efficient lighting, HVAC systems, and water conservation, which have resulted in significant cost savings for the company and its tenants, as well as a reduced environmental footprint.

Empire State Realty OP L.P. is publicly traded and listed on the New York Stock Exchange under the ticker symbol "ESRT". The company is managed by a team of experienced professionals in the real estate industry, who are dedicated to creating long-term value for shareholders while maintaining the highest standards of corporate governance and transparency.


   Company Address: 111 West 33rd Street New York 10120 NY
   Company Phone Number: 687-8700   Stock Exchange / Ticker: NYSEArca ESBA


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BXP        0.05% 
DLR   -2.02%    
KRC        3.46% 
O   -1.44%    
PLD   -0.36%    
VNO        0.02% 
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Empire State Realty Op L P

Analyzing the Financial Challenges and Market Trends Impacting Empire State Realty Op L P



The Real Estate Investment Trusts (REITs) industry has witnessed turbulent times, and Empire State Realty Op L P is no exception. Despite a notable increase in revenue in the first quarter of 2024, the company experienced a significant decline in earnings per share (EPS). Furthermore, the company's net margin has weakened, raising concerns about its profitability. This article explores the reasons behind these disappointing financial results and examines the market trends that have contributed to Empire State Realty Op L P's downward trajectory.
Challenges in Earnings and Revenue:
In the first quarter of 2024, despite a positive revenue growth of 10.058% to $181.18 million, Empire State Realty Op L P's EPS took a nosedive, plummeting by 25% to just $0.03 per share. Comparing this to the corresponding period a year earlier, where profit dropped by 46.01% from $0.06 per share, the company's earnings outlook appears grim. Additionally, revenue also declined by 6.067% from $192.88 million in the previous year's equivalent period. These figures indicate a sharp decline in the company's financial performance.
Empire State Realty Op L P

Analyzing the Financial Performance of ESBA in Q4 2023: Revenue Growth vs. EPS Decline

As the Chief Financial Correspondent for the , I have had the opportunity to closely examine the financial results of Empire State Realty Op L P (ESBA) for the financial year closing on December 31, 2023. The numbers reported by the Real Estate Investment Trust company paint a somewhat contradictory picture, with some areas of growth and others showing a decline.
On the positive side, ESBA reported a 6.404% increase in revenue, reaching $192.88 million compared to $181.27 million in the previous year. This signifies a healthy growth in the company's top line, indicating that their business operations are expanding and generating more revenue. However, on the flip side, earnings per share experienced a sharp decline of -28.73%, dropping to $0.06 per share from $0.08 in the prior year reporting season. This drop in earnings per share could be a cause for concern among investors.
Empire State Realty Op L P

Empire State Realty Op L P Delivers Impressive Q3 Profits, Surging by 133.33% Amidst Market Volatility

Over the course of the last five trading days, Empire State Realty Op L P shares have experienced a decline of -2.39%. This brings their year-to-date performance to a positive 24.92%. Currently, Empire State Realty Op L P shares are trading on the NYSEArca at a value that is 13.8% above its 52-week average.
Despite the recent decline in share value, Empire State Realty Op L P posted very strong profitability numbers in the fiscal third quarter of 2023. During this period, their income per share increased significantly by 133.33% to $0.07 per share. Additionally, their revenue grew moderately by 4.253% to $191.53 million compared to the same reporting season the previous year.
Empire State Realty Op L P

Empire State Realty Experiences Revenue Downturn of 3.777% in Q2 2023, Underperforming the Thriving Real Estate Investment Trusts Industry

Empire State Realty Op L P, a real estate investment trust (REIT), has seen a significant increase in its share price over the past month and year-to-date. The shares have gone up by 21.34% in the last 30 days and are up by 26.72% in 2023. However, despite this positive trend, the shares are still 5.3% below their 52-week high.
The recent performance of Empire State Realty Op L P has been less than impressive. The company reported a decline in income and revenue for the April to June 30, 2023 timeframe. Income fell by 17.65% to $0.14 per share, while revenue decreased by 3.777% to $190.54 million, compared to the same period last year. This deterioration in business is in contrast to the rest of the Real Estate Investment Trusts industry, which has seen a revenue gain.
Empire State Realty Op L P

Empire State Realty Op L P bounces back with positive earnings, but profits take a hit

Empire State Realty Op L P has released its financial report for the first quarter of 2023 earnings season. The report shows that the company's income turned positive at $0.04 per share, compared to a loss of $0.07 per share in the same period last year. Despite this improvement, the company's profit plummeted by 48.7% from $0.08 per share from the previous financial reporting period.
The company's revenue grew barely by 0.358% to $164.62 million from $164.03 million in the same financial reporting period a year ago. However, the revenue sequentially deteriorated by -9.186% from $181.27 million. This indicates that the company's revenue has been unstable over the past year.
Looking at the company's bottom-line, Empire State Realty Op L P achieved a net income of $11.694 million in the first quarter of 2023 earnings season, an impressive improvement when compared to a net loss of $-17.221 million in the same financial reporting period a year ago.






Empire State Realty Op L P's Segments
InterElimination    -11.75 % of total Revenue
Real Estate    92.02 % of total Revenue
Observatory    19.73 % of total Revenue
Real Estate segments    92.02 % of total Revenue
Observatory segments    19.73 % of total Revenue





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