FISK · AMEX · REIT - Diversified

Empire State Realty OP (FISK)

Operates New York City office, retail, residential, and Empire State Building Observatory assets.

$4.27
vs last close−0.04 (−0.81%)
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Empire State Realty OP, L.P.FISK
Real Estate

Generates contractual rent from New York City office, retail, and multifamily properties, alongside ticketed admissions at the Empire State Building Observatory. FISK represents common operating-partnership units that participate pro rata in the portfolio's overall operations.

Generates contractual rent from New York City office, retail, and multifamily properties, while ticketed admissions and related visitor spending support the Empire State Building Observatory. The portfolio includes the Empire State Building, One Grand Central Place, Broadway offices, Williamsburg retail, and Manhattan multifamily properties.

Self-manages office and retail properties, relies on a third-party manager for multifamily assets, and emphasizes leasing, tenant service, balance-sheet management, energy efficiency, indoor environmental quality, and the Observatory visitor experience.

FISK represents Series 250 common operating-partnership units, with cash distributions determined by the general partner. Empire State Realty Trust, as sole general partner, controls business and management decisions while limited partners do not participate in management.

Company facts

CEOAnthony E. Malkin
ListedOct 11, 2013
ExchangeAMEX
HeadquartersNew York, NY
CountryUnited States
Employees642
CIK0001553079
ISINUS2921023089

Market cap$713.5M
EPS (ttm)$0.0212
P/E (ttm)197.64
ROE-0.2%
P/B0.3987
P/S0.9098
Dividend yieldDiv yield3.34%
Beta0.01vs XLRE 0.23

No analyst consensus on record.

EPSReportedEstimate

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Reported$0.05$0.07$0.04$0.04$0.06$0.12$0.01−$0.15
Estimate
Surprise

RevenueReportedEstimate

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Reported$199.6M$197.6M$180.1M$191.3M$197.7M$199.2M$190.3M$196.9M
Estimate
Surprise
Estimate
Reported−$0.15
Estimate
Reported$196.9M
View details

Debt to equity126.50%
Current ratio680.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$199.6M$197.6M$180.1M$191.3M$197.7M$199.2M$190.3M$196.9M
Net income$14.6M$18.8M$10.3M$11.4M$13.6M$20.7M$3.0M−$39.6M
Net margin7.3%9.5%5.7%6.0%6.9%10.4%1.6%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$45.3M$42.9M$25.8M$35.1M$39.3M$35.4M$29.5M$27.4M
YoY growth+5.3%−17.0%−10.8%−13.3%−17.5%+14.2%−22.0%

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
View details

Dividend yield
3.34%
Next ex-date
Dec 15, 26
estimated · in 83 days
Annual dividend
$0.14
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.035$0.035$0.035$0.035$0.035$0.035$0.035$0.035
Annual yield1.26%1.83%1.70%1.84%2.09%2.70%2.58%3.26%
Ex-dateDec 16Mar 14Jun 13Sep 15Dec 15Mar 13Jun 15Sep 15
Payment dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
View details

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, 279.92M 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

HolderStakeSharesDate
Advisor Group Holdings, Inc.Institution
0.34%25,374 · 25,374 · 25,374as of Jun 30, 2026
Susquehanna International Group, LLPInstitution
0.33%24,283 · 24,283 · 24,283as of Jun 30, 2026
Ci Private Wealth, LLCInstitution
0.29%21,874 · 21,874 · 21,874as of Jun 30, 2026
Wealthspire Advisors, LLCInstitution
0.16%12,067 · 12,067 · 12,067as of Jun 30, 2026
Montag A & Associates IncInstitution
0.15%10,938 · 10,938 · 10,938as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • SL Green Realty

    Manhattan office landlord with a directly overlapping observatory.

  • Vornado Realty Trust

    Large New York office, retail, and multifamily landlord.

  • BXP

    Gateway-market office owner with a major Manhattan presence.

Compare

CompanyPriceChange
Empire State Realty OP$4.27−0.81%$713.5M197.60.9+3.0%
SL Green Realty$51.22−2.40%$3.73B3.6+16.5%
Vornado Realty Trust$34.75−1.52%$6.64B1,065.93.6+4.7%
BXP$63.10−1.88%$10.26B34.630.82.9+3.1%
Median550.230.83.6+4.7%