PortfoliosLab logo
Empire State Realty OP, L.P. (ESBA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

US2921021000

CUSIP

292102100

IPO Date

Oct 2, 2013

Highlights

Market Cap

$2.09B

EPS (TTM)

$0.28

PE Ratio

27.14

Total Revenue (TTM)

$766.81M

Gross Profit (TTM)

$366.25M

EBITDA (TTM)

$341.51M

Year Range

$6.39 - $11.41

Short Ratio

0.38

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


Loading data...

Returns By Period

Empire State Realty OP, L.P. (ESBA) returned -22.65% year-to-date (YTD) and -15.18% over the past 12 months. Over the past 10 years, ESBA returned -6.24% annually, underperforming the S&P 500 benchmark at 10.77%.


ESBA

YTD

-22.65%

1M

11.84%

6M

-24.77%

1Y

-15.18%

5Y*

3.86%

10Y*

-6.24%

^GSPC (Benchmark)

YTD

0.08%

1M

9.75%

6M

-1.63%

1Y

12.74%

5Y*

15.66%

10Y*

10.77%

*Annualized

Monthly Returns

The table below presents the monthly returns of ESBA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-9.33%0.11%-15.65%-8.76%10.73%-22.65%
20245.11%-0.81%2.11%-9.73%2.78%-1.03%19.08%-2.39%0.15%0.19%4.81%-8.08%9.83%
202326.19%-16.87%-4.95%-11.27%2.78%24.99%22.86%-8.53%-2.74%2.00%7.97%6.70%45.98%
2022-1.92%6.21%6.35%-14.81%-5.52%-9.48%19.58%-17.55%-8.13%14.37%4.24%-13.97%-25.01%
20216.02%12.59%1.56%2.26%4.15%2.40%-4.90%-10.99%-1.12%-3.38%-5.77%-2.71%-1.99%
2020-2.87%-14.05%-22.46%-7.18%-18.50%9.93%-10.82%-4.15%-2.88%-12.71%69.57%1.90%-32.61%
20198.90%-1.36%5.56%-3.01%-1.03%-2.66%-5.88%0.50%2.30%1.27%-2.99%0.41%1.12%
2018-5.95%-14.09%0.98%2.92%-2.09%1.76%-2.93%6.03%-4.59%-4.92%1.83%-11.72%-29.77%
20172.20%6.46%-4.01%-0.53%0.10%0.98%0.29%-2.45%1.21%-2.64%1.66%2.65%5.64%
2016-9.04%-5.18%13.17%5.08%3.15%0.33%10.82%1.52%-1.65%-6.47%3.02%-0.08%13.08%
20152.92%-2.11%5.90%-4.20%0.62%-5.07%4.26%-8.56%6.32%3.75%3.28%-0.79%5.19%
2014-1.21%3.17%-1.77%0.93%9.70%2.15%0.63%1.89%-8.12%6.37%6.75%4.87%27.04%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ESBA is 31, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of ESBA is 3131
Overall Rank
The Sharpe Ratio Rank of ESBA is 3131
Sharpe Ratio Rank
The Sortino Ratio Rank of ESBA is 2828
Sortino Ratio Rank
The Omega Ratio Rank of ESBA is 2828
Omega Ratio Rank
The Calmar Ratio Rank of ESBA is 3939
Calmar Ratio Rank
The Martin Ratio Rank of ESBA is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Empire State Realty OP, L.P. (ESBA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Empire State Realty OP, L.P. Sharpe ratios as of May 14, 2025 (values are recalculated daily):

  • 1-Year: -0.35
  • 5-Year: 0.07
  • 10-Year: -0.14
  • All Time: -0.04

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Empire State Realty OP, L.P. compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Loading data...

Dividends

Dividend History

Empire State Realty OP, L.P. provided a 1.79% dividend yield over the last twelve months, with an annual payout of $0.14 per share.


1.00%1.50%2.00%2.50%3.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.14$0.14$0.11$0.14$0.11$0.21$0.42$0.42$0.42$0.40$0.34$0.34

Dividend yield

1.79%1.38%1.12%2.14%1.18%2.30%3.02%2.97%2.03%2.00%1.88%1.94%

Monthly Dividends

The table displays the monthly dividend distributions for Empire State Realty OP, L.P.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.04$0.00$0.00$0.04
2024$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.14
2023$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.00$0.11
2022$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.14
2021$0.00$0.00$0.00$0.00$0.00$0.04$0.00$0.00$0.04$0.00$0.00$0.04$0.11
2020$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.00$0.00$0.00$0.00$0.21
2019$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.42
2018$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.42
2017$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.42
2016$0.00$0.00$0.09$0.00$0.00$0.11$0.00$0.00$0.11$0.00$0.00$0.11$0.40
2015$0.00$0.00$0.09$0.00$0.00$0.09$0.00$0.00$0.09$0.00$0.00$0.09$0.34
2014$0.09$0.00$0.00$0.09$0.00$0.00$0.09$0.00$0.00$0.09$0.34

Dividend Yield & Payout


Dividend Yield

Empire State Realty OP, L.P. has a dividend yield of 1.79%, which is quite average when compared to the overall market.

Payout Ratio

Empire State Realty OP, L.P. has a payout ratio of 50.00%, which is quite average when compared to the overall market. This suggests that Empire State Realty OP, L.P. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Empire State Realty OP, L.P.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Empire State Realty OP, L.P. was 92.40%, occurring on Oct 30, 2020. The portfolio has not yet recovered.

The current Empire State Realty OP, L.P. drawdown is 88.02%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.4%Oct 10, 20131778Oct 30, 2020

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading data...

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Empire State Realty OP, L.P. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of Empire State Realty OP, L.P., comparing actual results with analytics estimates.


-0.050.000.050.100.15AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober
0.05
0
Actual
Estimate

Valuation

The Valuation section provides an overview of how Empire State Realty OP, L.P. is priced in the market compared to other companies in the REIT - Office industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for ESBA, comparing it with other companies in the REIT - Office industry. Currently, ESBA has a P/E ratio of 27.1. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for ESBA compared to other companies in the REIT - Office industry. ESBA currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for ESBA relative to other companies in the REIT - Office industry. Currently, ESBA has a P/S ratio of 2.7. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for ESBA in comparison with other companies in the REIT - Office industry. Currently, ESBA has a P/B value of 1.2. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items