FISK

Real Estate

Empire State Realty OP, L.P. · REIT - Office · $2B

UQS Score — Balanced Preset
29.8
Poor

Empire State Realty OP, L.P. scores 29.8/100 using the Balanced preset.

UQS vs Real Estate Sector
FISK
29.8
Sector avg
38.4
Quality
Neutral
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Good

What is Empire State Realty OP, L.P.?

Empire State Realty OP, L.P. is a New York City-based real estate operating partnership and subsidiary of Empire State Realty Trust, Inc.

As an operating partnership, FISK holds and manages the real estate assets underlying Empire State Realty Trust. The entity participates in the ownership and operation of office and retail properties in New York, including the iconic Empire State Building.

Is FISK a Good Stock to Buy?

UQS Score rates FISK as Below Average overall, with Valuation standing out as the lone relative bright spot.

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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

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Pro Analysis

FISK — Score History

2530354045Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 25 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 19, 202633.340.831.02.237.062.7-0.3
May 14, 202633.641.331.02.237.063.7+0.1
May 12, 202633.541.231.02.237.062.9-1.1
May 11, 202634.646.031.02.237.062.3-1.2
May 9, 202635.845.331.00.051.859.8+2.4
May 7, 202633.439.731.02.237.064.9+0.1
May 3, 202633.339.731.02.237.064.1-0.1
Apr 26, 202633.439.731.02.237.064.9+0.1
Apr 25, 202633.339.731.02.237.064.7-0.1
Apr 23, 202633.439.831.02.237.064.8+0.1

FISK — Pillar Breakdown

Quality

40.7/100 (25%)

Empire State Realty OP, L.P. has average quality metrics, with room for improvement in margins or capital efficiency.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

2.2/100 (20%)

Empire State Realty OP, L.P. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Risk

14.5/100 (15%)

Empire State Realty OP, L.P. presents elevated risk with concerns around leverage or financial stability.

Debt/EquityWeak

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

61.8/100 (15%)

Empire State Realty OP, L.P. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

31/100 (25%)

Empire State Realty OP, L.P. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FISK.

Score Composition

Quality
40.7×25%10.2
Growth
2.2×20%0.4
Risk
14.5×15%2.2
Valuation
61.8×15%9.3
Moat
31.0×25%7.8
Total
29.8Poor

Financial Data

More Stock Analysis

How is the FISK UQS Score Calculated?

The UQS (Unified Quality Score) for Empire State Realty OP, L.P. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Empire State Realty OP, L.P.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Empire State Realty OP, L.P. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.