Empire State Realty OP, L.P.(ESBA)Stock Analysis
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Rank #2,183 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
ESBA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Empire State Realty OP, L.P. (ESBA), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores ESBA at 34.7/100 on a 32-signal composite quality model, placing it at rank #2,183 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include institutional flow (1.7) and earnings quality (15.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Empire State Realty OP, L.P. reports quarterly revenue of $190.3M, net income of $3.0M, an operating margin of 15.5%. Top institutional holders of ESBA by reported 13-F value include SUSQUEHANNA INTERNATIONAL GROUP, LLP, North Star Investment Management, Sequoia Financial Advisors,, based on the most recent SEC filings. ESBA trades on the NYSE exchange and files with the SEC under CIK 1553079. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ESBA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Empire State Realty OP, L.P. directly from SEC EDGAR. Empire State Realty OP, L.P.'s 13F Pro composite quality score has ranged between 35 and 59 since 2024, currently 34.7 — a declining long-term trajectory across 15 quarterly and live scoring snapshots.
Revenue
Q1 2026
$190.3M
Net Income
Q1 2026
$3.0M
Free Cash Flow
Q1 2026
$68.9M
Operating Margin
Q1 2026
15.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+26.1% YoYNet Income
Operating Income
+131.2% YoYEPS (Diluted)
+350.0% YoYTotal Assets
+7.7% YoYTotal Debt
Op. Cash Flow
+36.6% YoY| Metric | FY 2025 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $768.3M +26.1% | $609.2M -16.7% | $731.3M -0.0% | $731.5M +3.1% | $709.5M +4.7% | $677.4M |
| Net Income | — | — | — | $116.3M -0.9% | $117.3M +10.3% | $106.3M |
| Operating Income | $135.6M +131.2% | $58.7M -62.1% | $154.7M -18.9% | $190.9M -1.1% | $192.9M +4.9% | $183.9M |
| EPS (Diluted) | $0.25 +350.0% | $-0.10 -137.0% | $0.27 -30.8% | $0.39 +0.0% | $0.39 +2.6% | $0.38 |
| Total Assets | $4.47B +7.7% | $4.15B +5.6% | $3.93B -6.3% | $4.20B +6.7% | $3.93B +1.0% | $3.89B |
| Total Debt | — | — | — | $608.6M -15.1% | $717.2M -5.5% | $759.0M |
| Operating Cash Flow | $249.1M +36.6% | $182.3M -21.6% | $232.6M -16.6% | $279.0M +43.7% | $194.2M -9.6% | $214.8M |
AI Insight: ESBA Financial Trends
Operating margin compressed year-over-year in Q1 2026, with op income falling to $29M versus $26M in Q1 2025 — modest improvement but Q4 2025 already showed deterioration.
• Revenue held flat year-over-year: Q1 2026 at $190M matches Q2 2024 and Q1 2025's $180M trough has recovered.
• Operating income declined from $45M in Q3 2024 to $39M in Q3 2025, then further to $35M in Q4 2025 — a weakening trend.
• Operating cash flow surged to $105M in Q3 2025, up from $103M in Q3 2024, showing consistent seasonal strength in that quarter.
• Q1 2026 operating cash flow of $69M improved sharply versus Q1 2025's $83M — wait, Q1 2026 at $69M is below Q1 2025's $83M, a year-over-year decline.
⚠ Op income fell from $43M in Q4 2024 to $35M in Q4 2025 — sequential and year-over-year margin erosion warrants close monitoring.
⚠ Q1 2026 operating CF of $69M is below Q1 2025's $83M — first year-over-year Q1 cash flow decline in the dataset.
⚠ Net income, total debt, and equity data are absent — leverage and profitability picture remains incomplete.
AI Insight: ESBA Ratio Trends
Operating margin has trended downward from a 22.7% peak in Q3 2024 to 15.5% in Q1 2026, with only OpMargin available to assess profitability.
• Operating margin peaked at 22.7% in Q3 2024 and has since declined to 15.5% in Q1 2026, a 7.2pp contraction.
• Q1 quarters show a consistent seasonal trough pattern: 14.3% in Q1 2025 and 15.5% in Q1 2026, both well below prior-year peaks.
• TTM OpMargin of 17.9% sits below the Q2–Q4 2024 range of 20.8%–22.7%, signaling a structural step-down, not just seasonality.
⚠ NPM, ROE, ROA, ROIC, and D/E are all absent — leverage and returns on capital cannot be assessed from available data.
⚠ Q1 2026 OpMargin of 15.5% is 1.2pp above Q1 2025's 14.3% trough — monitor whether Q2 2026 recovers toward the 19%–20% range.
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Top Institutional Holders of ESBA
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$629.7K124,948 shNorth Star Investment Management Corp.
$476.9K94,631 shSequoia Financial Advisors, LLC
$427.9K84,909 shMORGAN STANLEY
$426.7K84,669 shVectors Research Management, LLC
$364.3K72,272 shVerdence Capital Advisors LLC
$364.3K72,272 shCorient Private Wealth LLC
$281.8K55,918 shCOMMONWEALTH EQUITY SERVICES, LLC
$265.5K52,671 shCassaday & Co Wealth Management LLC
$184.6K36,634 shNORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
$176.4K35,000 sh
| Fund | Value | Shares |
|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $629.7K | 124,948 |
| North Star Investment Management Corp. | $476.9K | 94,631 |
| Sequoia Financial Advisors, LLC | $427.9K | 84,909 |
| MORGAN STANLEY | $426.7K | 84,669 |
| Vectors Research Management, LLC | $364.3K | 72,272 |
| Verdence Capital Advisors LLC | $364.3K | 72,272 |
| Corient Private Wealth LLC | $281.8K | 55,918 |
| COMMONWEALTH EQUITY SERVICES, LLC | $265.5K | 52,671 |
| Cassaday & Co Wealth Management LLC | $184.6K | 36,634 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $176.4K | 35,000 |
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Popular Research
Is ESBA a good stock to buy?
13F Pro's AI-powered analysis of Empire State Realty OP, L.P. (ESBA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ESBA are available on the ESBA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ESBA?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ESBA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Empire State Realty OP, L.P.'s investment landscape.