Empire State Realty OP, L.P. (FISK)
Real Estate · PCX
Fundamentals
Valuation and ratings
Empire State Realty OP, L.P. trades at USD4.70, which is 35% below the USD6.34 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 41 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 22.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FISK dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.070 | 2 |
| 2025 | USD0.070 | 2 |
| 2024 | USD0.140 | 4 |
| 2023 | USD0.140 | 4 |
| 2022 | USD0.140 | 4 |
| 2021 | USD0.105 | 3 |
| 2020 | USD0.210 | 2 |
| 2019 | USD0.420 | 4 |
| 2018 | USD0.420 | 4 |
| 2017 | USD0.420 | 4 |
| 2016 | USD0.400 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Empire State Realty OP, L.P.
Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.
FISK passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Empire State Realty OP, L.P. (FISK) undervalued?
Against our discounted cash flow estimate of USD6.34, FISK at USD4.70 is 35% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is FISK's P/E ratio?
FISK trades at 22.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Empire State Realty OP, L.P. (FISK) pay a dividend?
Yes. Empire State Realty OP, L.P. yields 2.58% at the current share price. It has paid USD0.070 per share over the trailing twelve months. It has paid a dividend in each of the last 13 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.