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Empire State Realty OP, L.P. (OGCP)

Real Estate | REIT - Office | New York, United States | NYSEArca
5.30 USD +0.06 (1.145%) ⇧ (July 13, 2026, 12:55 p.m. EDT)
After hours: 5.30
Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 5:16 a.m. EDT

The immediate outlook is bearish due to a severe disconnect between the company's deteriorating earnings and its ability to sustain its income distribution. Earnings have collapsed by approximately 81% year-over-year, yet the entity continues to pay a dividend that consumes nearly two-thirds of its already thin earnings. This unsustainable payout ratio suggests the dividend is likely being funded by capital recycling or debt, creating a significant risk of future cuts if cash flows tighten further. While the stock trades at a discount to book value, this appears to be a 'value trap' rather than a bargain, as the market has already priced in the structural decline evidenced by a nearly 60% drop in share price over the last nine years. The recent price action shows some volatility but remains well below its 200-day average, confirming the lack of upward momentum. For investors seeking income, the reliability of this payout is questionable given the eroding earnings base, making it unsuitable for a core holding.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.038277
AutoARIMA0.042789
AutoTheta0.044040
MSTL0.045238

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 41%
H-stat 3.80
Ljung-Box p 0.000
Jarque-Bera p 0.365
Excess Kurtosis -1.04
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 128.672
Revenue per Share 2.905
Market Cap 1,483,592,448
Trailing P/E 25.24
Beta 1.40
Profit Margins 7.75%

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.61% 1.30% 1.44% 1.58%
Dividend History
Date Dividend Yield %
2026-06-15 0.035 0.608696
2026-03-13 0.035 0.690335
2025-06-13 0.035 0.416667
2025-03-14 0.035 0.432099
2024-12-16 0.035 0.318182
2024-09-16 0.035 0.341131
2024-06-14 0.035 0.384193
2024-03-14 0.035 0.370763
2023-12-15 0.035 0.357508
2023-09-14 0.035 0.391061
2023-06-14 0.035 0.507983
2023-03-14 0.035 0.460526
2022-12-16 0.035 0.500000
2022-09-14 0.035 0.498575
2022-06-14 0.035 0.491573
2022-03-14 0.035 0.370370
2021-12-17 0.035 0.412736
2021-09-14 0.035 0.358974
2021-06-14 0.035 0.277778
2020-06-18 0.105 1.546392
2020-03-13 0.105 1.141304
2019-12-20 0.105 0.765864
2019-09-13 0.105 0.717213
2019-06-13 0.105 0.689429
2019-03-14 0.105 0.657483
2018-12-14 0.105 0.686723
2018-09-13 0.105 0.620934
2018-06-14 0.105 0.625372
2018-03-14 0.105 0.635593
2017-12-14 0.105 0.516224
2017-09-14 0.105 0.513197
2017-06-13 0.105 0.498102
2017-03-13 0.105 0.507492
2016-12-13 0.105 0.515717
2016-09-15 0.105 0.513447
2016-06-13 0.105 0.542355
2016-03-14 0.085 0.514839
2015-12-11 0.085 0.487106
2015-09-11 0.085 0.516090
2015-06-11 0.085 0.482406
2015-03-11 0.085 0.488225
2014-12-11 0.085 0.493899
2014-09-11 0.085 0.533584
2014-06-11 0.085 0.528936
2014-03-12 0.085 0.607143
2013-12-12 0.080 0.599251
Additional Data
dividendRate 0.14
dividendYield 2.67
exDividendDate 2026-06-15
trailingAnnualDividendRate 0.14
trailingAnnualDividendYield 0.026717559
lastDividendValue 0.035
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change -0.3333333
Address1 111 West 33rd Street
All Time High 36.4
All Time Low 4.7
Ask 7.0
Ask Size 100
Average Daily Volume10 Day 2,220
Average Daily Volume3 Month 1,595
Average Volume 1,595
Average Volume10Days 2,220
Beta 1.397
Bid 5.19
Bid Size 900
Book Value 6.453
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 5.3
Current Ratio 1.5
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 5.3
Day Low 5.23
Debt To Equity 128.672
Dividend Date 1,782,777,600
Dividend Rate 0.14
Dividend Yield 2.67
Earnings Growth -0.855
Earnings Quarterly Growth -0.81
Earnings Timestamp End 1,746,648,000
Earnings Timestamp Start 1,746,648,000
Ebitda 319,552,992
Ebitda Margins 0.41142
Enterprise To Ebitda 11.898
Enterprise To Revenue 4.895
Enterprise Value 3,801,956,096
Eps Trailing Twelve Months 0.21
Esg Populated 0
Ex Dividend Date 1,781,481,600
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 850 2751
Fifty Day Average 5.5008
Fifty Day Average Change -0.20079994
Fifty Day Average Change Percent -0.03650377
Fifty Two Week Change Percent -33.333332
Fifty Two Week High 8.18
Fifty Two Week High Change -2.88
Fifty Two Week High Change Percent -0.35207823
Fifty Two Week Low 4.71
Fifty Two Week Low Change 0.59000015
Fifty Two Week Low Change Percent 0.12526542
Fifty Two Week Range 4.71 - 8.18
Financial Currency USD
First Trade Date Milliseconds 1,381,239,000,000
Five Year Avg Dividend Yield 1.64
Float Shares 22,914,109
Free Cashflow 234,125,248
Full Exchange Name NYSEArca
Full Time Employees 642
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.5249
Gross Profits 407,695,008
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.065809995
Implied Shares Outstanding 279,923,097
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.035
Last Fiscal Year End 1,767,139,200
Long Business Summary Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.
Long Name Empire State Realty OP, L.P.
Market us_market
Market Cap 1,483,592,448
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_213048879
Most Recent Quarter 1,774,915,200
Net Income To Common 55,996,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,532,847,579
Open 5.35
Operating Cashflow 234,816,000
Operating Margins 0.15588
Payout Ratio 0.6667
Phone 212 687 8700
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 5.3
Post Market Time 1,783,976,700
Previous Close 5.24
Price Hint 2
Price To Book 0.82132345
Price To Sales Trailing12 Months 1.9101008
Profit Margins 0.0775
Quick Ratio 1.359
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0600004
Regular Market Change Percent 1.14505
Regular Market Day High 5.3
Regular Market Day Low 5.23
Regular Market Day Range 5.23 - 5.3
Regular Market Open 5.35
Regular Market Previous Close 5.24
Regular Market Price 5.3
Regular Market Time 1,783,961,743
Regular Market Volume 4,156
Return On Assets 0.02044
Return On Equity 0.033350002
Revenue Growth 0.049
Revenue Per Share 2.905
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Shares Outstanding 4,169,089
Shares Percent Shares Out 0.0
Shares Short 467
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 451
Short Name Empire State Realty OP, L.P. Se
Short Ratio 7.53
Source Interval 15
State NY
Symbol OGCP
Total Cash 75,198,000
Total Cash Per Share 0.266
Total Debt 2,347,154,944
Total Revenue 776,708,992
Tradeable 0
Trailing Annual Dividend Rate 0.14
Trailing Annual Dividend Yield 0.026717559
Trailing Eps 0.21
Trailing P E 25.238096
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.123
Two Hundred Day Average Change -0.82299995
Two Hundred Day Average Change Percent -0.13441123
Type Disp Equity
Volume 4,156
Zip 10,120