Empire State Realty OP Series ES (ESBA)
Operates New York City offices, retail, multifamily assets, and the Empire State Building Observatory.
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Generates rental income from a self-managed New York City office and retail portfolio, multifamily properties, and the Empire State Building Observatory, with ticket sales and broadcasting licenses adding revenue. Operates through a partnership controlled by Empire State Realty Trust as its sole general partner.
Owns and operates the real estate and Observatory segments: a New York City portfolio of office, retail, and multifamily properties plus the Empire State Building Observatory. Office and retail properties are self-managed, while multifamily management is handled by a third party. Revenue comes from contractual rents, expense reimbursements, broadcasting-mast licenses, and timed Observatory admissions, including ancillary customer-experience packages.
Executes leasing, property modernization, pre-built office suites, capital recycling, and energy-efficiency retrofits. Concentrates the operating portfolio in Manhattan and Williamsburg, while Observatory results depend on visitor volume, ticket yield, tourism, weather, seasonality, and competing attractions. Empire State Realty Trust, as sole general partner, controls management and distributions; limited partners cannot participate in operating decisions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $85.6M · Total debt $2.26B · Total assets $4.27B · Shareholders' equity $1.79B
- Revenue
- $196.9M
- Operating income
- $27.4M
- Net income
- −$39.6M
HistoryDividendAnnual yield
| Institutions | ≈ 1.48% | 330.0K shares | |
|---|---|---|---|
| 38 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 98.52% | 21.97M shares | |
| remainder | |||
22.30M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (22.30M in the company's Sep 23, 2026 report, 267.37M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Advisor Group Holdings, Inc.Institution | 0.34% | 25,374 · 25,374 · 25,374 | as of Jun 30, 2026 |
Susquehanna International Group, LLPInstitution | 0.33% | 24,283 · 24,283 · 24,283 | as of Jun 30, 2026 |
Ci Private Wealth, LLCInstitution | 0.29% | 21,874 · 21,874 · 21,874 | as of Jun 30, 2026 |
Wealthspire Advisors, LLCInstitution | 0.16% | 12,067 · 12,067 · 12,067 | as of Jun 30, 2026 |
Montag A & Associates IncInstitution | 0.15% | 10,938 · 10,938 · 10,938 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- SL Green Realty
Manhattan office leader and direct SUMMIT observatory rival.
- Vornado Realty Trust
Large-scale Manhattan office, street retail, and residential overlap.
- BXP
Direct Midtown office leasing and development rival.
- Rithm Capital
Elecor adds Class A Manhattan office competition.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Empire State Realty OP Series ES | $4.05 | +1.63% | $720.1M | 188.2 | — | 0.9 | +3.0% |
| SL Green Realty | $51.84 | −1.22% | $3.73B | — | — | 3.6 | +16.5% |
| Vornado Realty Trust | $35.00 | −0.79% | $6.64B | 1,065.9 | — | 3.6 | +4.7% |
| BXP | $63.65 | −1.03% | $10.26B | 34.6 | 31.0 | 2.9 | +3.1% |
| Rithm Capital | $9.54 | −1.09% | $5.38B | 16.1 | 4.3 | 1.0 | +205.4% |
| Median | 34.6 | 17.6 | 3.3 | +10.6% |