Empire State Realty OP LP
ESBAReal Estate·REIT - Office·USA·Small·NYSE·Nov 11 • 11:00 AM ET
Price
ESBA against its 20, 50 and 200-day averages34.8% under the 52-week high of 7.93 on 24 Oct 2025. 52-week low 3.79 on 1 Oct 2026. Last 15 sessions, 13.2% high to low
Profile
ESBAEmpire State Realty OP LP is engaged in real estate activities. The firm owns, manages, operates, acquires, and repositions office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the following segments: Real Estate and Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning, and disposition of its office, retail, and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The company was founded on November 28, 2011 and is headquartered in New York, NY.
| Employees | 642 |
|---|---|
| IPO | Oct 02, 2013 |
| Beta | 1.47 |
| ATR, 14d | 0.20 |
| Rel volume | 0.03 |
| Short float | 0.00% |
| Insider own | 90.71% |
| Inst own | 0.75% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 1.42B |
| Enterprise Value | 4.32B |
| Income | -1.83M |
| Sales | 779.50M |
| Book/sh | 6.09 |
| Cash/sh | 0.44 |
| Dividend Est. | - |
| Dividend TTM | 0.14 (2.71%) |
| Dividend Ex-Date | Sep 15, 2026 |
| Dividend Gr. 3/5Y | 0.00% -7.79% |
| Payout | 54.97% |
| Employees | 642 |
| IPO | Oct 02, 2013 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 1.82 |
| P/B | 0.85 |
| P/C | 11.88 |
| P/FCF | 23.08 |
| EV/EBITDA | 13.25 |
| EV/Sales | 5.54 |
| Quick Ratio | 4.19 |
| Current Ratio | 4.19 |
| Debt/Eq | 2.21 |
| LT Debt/Eq | 2.20 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -0.01 |
|---|---|
| EPS next Y | - |
| EPS next Q | - |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | 5.08% - |
| Sales past 3/5Y | 1.86% 4.75% |
| EPS Y/Y TTM | -104.37% |
| Sales Y/Y TTM | 1.68% |
| EPS Q/Q | -61.59% |
| Sales Q/Q | -2.37% |
| Earnings | - |
| EPS/Sales Surpr. | - - |
Ownership
| Insider Own | 90.71% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 0.75% |
| Inst Trans | - |
| ROA | 0.06% |
| ROE | 0.23% |
| ROIC | 0.07% |
| Gross Margin | 26.55% |
| Oper. Margin | 16.43% |
| Profit Margin | -0.23% |
| SMA20 | 5.16% |
| SMA50 | 14.54% |
| SMA200 | -1.65% |
| Trades | - |
Technical
| Shs Outstand | 16.08M |
|---|---|
| Shs Float | 16.08M |
| Short Float | 0.00% |
| Short Ratio | 0.07 |
| Short Interest | 0.00M |
| 52W High | 7.61 -32.06% |
| 52W Low | 3.79 36.41% |
| Volatility | 2.40% 3.11% |
| ATR (14) | 0.20 |
| RSI (14) | 62.18 |
| Beta | 1.47 |
| Rel Volume | 0.03 |
| Avg Volume | 8.34K |
| Volume | 122 |
Performance
| Perf Week | 2.69% |
|---|---|
| Perf Month | 7.71% |
| Perf Quarter | 12.39% |
| Perf Half Y | -2.08% |
| Perf YTD | -17.94% |
| Perf Year | -31.25% |
| Perf 3Y | -38.45% |
| Perf 5Y | -50.10% |
| Perf 10Y | -73.50% |
| Recom | - |
| Target Price | - |
| Prev Close | 5.00 |
| Price | 5.17 |
| Change % | 3.40% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| SLG | SL Green Realty Corp | 3.79B |
| VNO | Vornado Realty Trust | 7.19B |
| BXP | BXP Inc | 11.21B |
| DEI | Douglas Emmett Inc | 1.67B |
| ALX | Alexander's Inc | 1.26B |
| KRC | Kilroy Realty Corp | 4.22B |
| BDN | Brandywine Realty Trust | 519.36M |
| HPP | Hudson Pacific Properties Inc | 488.47M |
| PDM | Piedmont Realty Trust Inc | 1.22B |
| CUZ | Cousins Properties Inc | 4.83B |
News
latest 14 of 206- Empire State Realty Trust Announces Dividend for Third Quarter 2025 (Business Wire)
- Empire State Realty Trust Announces Dividend for Second Quarter 2025 (Business Wire)
- Empire State Realty Trust Announces Dividend for Fourth Quarter 2024 (Business Wire)
- Empire State Realty Trust Announces Dividend for Third Quarter 2024 (Business Wire)
- Empire State Realty Trust Announces Dividend for Second Quarter 2024 (Business Wire)
- Loading…
- Empire State Realty OP LP (ESBA) Reports Q1 2024 Earnings: A Detailed Financial Analysis (GuruFocus.com)
- Empire State Realty OP LP Reports Solid 2023 Earnings with Increased Observatory NOI (GuruFocus.com)
- Empire State Realty Trust Announces Stock Repurchase Authorization (Business Wire)
- Empire State Realty Trust Inc (ESRT) Raises 2023 Guidance Following Q3 Results (GuruFocus.com) -7.07% +9.18%
- Unveiling Empire State Realty OP LP (ESBA)'s Value: Is It Really Priced Right? A Comprehensive Guide (GuruFocus.com)
- Empire State Realty OP LP (ESBA)'s True Worth: A Comprehensive Analysis of Its Market Value (GuruFocus.com)
- Empire State Realty OP LP (ESBA): A Hidden Gem in the REITs Industry? (GuruFocus.com)
- Empire State Realty OP LP (ESBA): An Underappreciated Gem in the Market? (GuruFocus.com)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q1 | 2026-04-29 | - | - | 0.007 | 190.33 | - | - |
| 2025Q4 | 2026-02-17 | - | - | 0.115 | 199.22 | - | - |
| 2025Q3 | 2025-10-29 | - | - | 0.047 | 197.73 | - | - |
| 2025Q2 | 2025-07-23 | - | - | 0.038 | 191.25 | - | - |
| 2025Q1 | 2025-04-29 | - | - | 0.055 | 180.07 | - | - |
| 2024Q4 | 2025-02-19 | - | - | 0.066 | 197.6 | - | - |
| 2024Q3 | 2024-10-21 | - | - | 0.081 | 199.6 | - | - |
| 2024Q2 | 2024-07-24 | - | - | 0.102 | 189.54 | - | - |
| 2024Q1 | 2024-04-24 | - | - | 0.034 | 181.18 | - | - |
| 2023Q4 | 2024-02-20 | - | - | 0.055 | 192.88 | - | - |
| 2023Q3 | 2023-10-25 | - | - | 0.071 | 191.53 | - | - |
| 2023Q2 | 2023-07-26 | - | - | 0.136 | 190.54 | - | - |
| 2023Q1 | 2023-04-26 | - | - | 0.040 | 164.62 | - | - |
| 2022Q4 | 2023-02-15 | - | - | 0.077 | 181.27 | - | - |
| 2022Q3 | 2022-10-26 | - | - | 0.034 | 183.71 | - | - |
| 2022Q2 | 2022-07-27 | - | - | 0.177 | 198.02 | - | - |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| No annual earnings. | |||||
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| No estimate revisions. | ||||||||
Estimate history
| EPS, annual | 0.39 | 0.391 | 0.277 | -0.096 | -0.062 | 0.22 | 0.302 | 0.283 | 0.255 | -0.0107 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | 0.081 | 0.066 | 0.055 | 0.038 | 0.047 | 0.115 | 0.007 | -0.151 | 0.018 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 712.468 | 731.511 | 731.343 | 609.228 | 624.094 | 727.041 | 739.572 | 767.923 | 768.27 | 779.5 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 199.599 | 197.602 | 180.066 | 191.25 | 197.73 | 199.224 | 190.325 | 196.899 | 193.053 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 161.477 | 174.911 | 181.894 | 171.565 | 170.217 | 161.129 | 163.046 | 167.383 | 170.495 | 168.31 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 166.488 | 167.383 | 168.07 | 169.276 | 169.942 | 170.495 | 172.059 | 172.758 | 168.31 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 779.50 | 768.27 | 767.92 | 739.57 | 727.04 | 624.09 | 609.23 | 731.34 | 731.51 |
| Total Expenses | 651.43 | 632.62 | 609.21 | 592.87 | 600.01 | 537.24 | 551.96 | 587.54 | 552.75 |
| Operating Income | 128.07 | 135.65 | 158.71 | 146.71 | 127.03 | 86.86 | 57.27 | 143.81 | 178.76 |
| Unusual Expense | 166.21 | 0.10 | 0.55 | 0.00 | 0.00 | 7.94 | 7.46 | 0.00 | 0.00 |
| Net Income Before Taxes | 2.61 | 75.54 | 83.05 | 87.12 | 64.76 | -14.77 | -29.86 | 86.72 | 121.89 |
| Income Taxes | 1.10 | 2.56 | 2.69 | 2.71 | 1.55 | -1.73 | -6.97 | 2.43 | 4.64 |
| Consolidated Net Income | 1.51 | 72.98 | 80.36 | 84.41 | 63.21 | -13.06 | -22.95 | 84.25 | 117.22 |
| Net Income From Continuing Operations | 2.37 | 47.60 | 51.64 | 53.24 | 40.64 | -6.54 | -12.57 | 51.14 | 66.50 |
| Net Income | -1.83 | 43.40 | 47.44 | 49.04 | 36.44 | -10.74 | -16.77 | 49.40 | 65.56 |
| EPS (Recurring) | 0.42 | 0.25 | 0.28 | 0.30 | 0.22 | -0.03 | -0.07 | 0.28 | 0.39 |
| EPS (Basic, Before Extraordinaries) | -0.01 | 0.26 | 0.29 | 0.30 | 0.22 | -0.06 | -0.10 | 0.28 | 0.39 |
| EPS (Diluted) | -0.01 | 0.25 | 0.28 | 0.30 | 0.22 | -0.06 | -0.10 | 0.28 | 0.39 |
| Non-Operating Income (Expense) | 150.68 | 46.05 | 41.71 | 49.72 | 31.71 | -10.95 | -6.23 | 10.03 | 8.82 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.03 | -0.06 | -0.04 | -0.04 |
| Stock Option Compensation Expense | 23.43 | 19.89 | 17.14 | 15.82 | 16.60 | 14.79 | 18.61 | 15.23 | 14.84 |
| Price To Earnings Ratio | - | - | 37.35 | 29.00 | 51.95 | - | - | 43.95 | 36.28 |
| Price To Sales Ratio | 1.39 | 2.21 | 3.57 | 3.38 | 2.42 | 2.45 | 2.63 | 3.39 | 5.75 |
| Gross Margin | 26.55 | 27.14 | 29.81 | 28.48 | 25.97 | 22.88 | 19.62 | 28.01 | 31.64 |
| Operating Margin | 16.43 | 17.66 | 20.67 | 19.84 | 17.47 | 13.92 | 9.40 | 19.66 | 24.44 |
| Net Margin | -0.23 | 5.65 | 6.18 | 6.63 | 5.01 | -1.72 | -2.75 | 6.75 | 8.96 |
| Shares Outstanding | 168.31 | 170.50 | 167.38 | 163.05 | 161.13 | 170.22 | 171.57 | 181.89 | 174.91 |
| Market Capitalization | 865.66 | 865.66 | 1,697.87 | 1,527.31 | 1,054.08 | 1,538.67 | 1,571.72 | 2,518.59 | 2,476.73 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 193.05 | 196.90 | 190.32 | 199.22 | 197.73 | 191.25 | 180.07 | 197.60 |
| Total Expenses | 157.24 | 169.50 | 160.87 | 163.82 | 158.40 | 156.13 | 154.28 | 154.66 |
| Operating Income | 35.81 | 27.40 | 29.46 | 35.41 | 39.33 | 35.12 | 25.79 | 42.94 |
| Unusual Expense | 0.00 | 166.11 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 7.77 | -40.32 | 1.93 | 33.23 | 15.29 | 11.86 | 15.16 | 19.94 |
| Income Taxes | 1.88 | -0.77 | -1.06 | 1.05 | 1.65 | 0.48 | -0.62 | 1.15 |
| Consolidated Net Income | 5.89 | -39.55 | 3.00 | 32.17 | 13.64 | 11.38 | 15.78 | 18.79 |
| Net Income From Continuing Operations | 4.13 | -24.77 | 2.29 | 20.73 | 9.04 | 7.57 | 10.27 | 12.22 |
| Net Income | 3.08 | -25.82 | 1.24 | 19.68 | 7.99 | 6.52 | 9.22 | 11.17 |
| EPS (Recurring) | 0.02 | 0.44 | 0.01 | 0.12 | 0.05 | 0.04 | 0.05 | 0.07 |
| EPS (Basic, Before Extraordinaries) | 0.02 | -0.15 | 0.01 | 0.12 | 0.05 | 0.04 | 0.06 | 0.07 |
| EPS (Diluted) | 0.02 | -0.15 | 0.01 | 0.12 | 0.05 | 0.04 | 0.05 | 0.07 |
| Non-Operating Income (Expense) | -0.05 | 126.16 | 0.54 | 24.04 | 1.66 | 2.35 | 18.00 | 7.97 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 4.58 | 8.83 | 4.64 | 5.38 | 5.11 | 5.45 | 3.93 | 8.74 |
| Price To Earnings Ratio | - | 308.33 | 24.32 | 30.70 | 31.10 | 25.95 | 27.43 | 37.35 |
| Price To Sales Ratio | 1.39 | 1.21 | 1.74 | 2.22 | 2.62 | 2.76 | 2.73 | 3.58 |
| Gross Margin | 27.45 | 26.68 | 24.98 | 27.04 | 29.37 | 28.13 | 23.73 | 30.77 |
| Operating Margin | 18.55 | 13.92 | 15.48 | 17.77 | 19.89 | 18.36 | 14.32 | 21.73 |
| Net Margin | 1.60 | -13.11 | 0.65 | 9.88 | 4.04 | 3.41 | 5.12 | 5.65 |
| Shares Outstanding | 168.31 | 172.76 | 172.06 | 170.50 | 169.94 | 169.28 | 168.07 | 167.38 |
| Market Capitalization | 865.66 | 956.99 | 863.05 | 1,072.22 | 1,261.93 | 1,326.02 | 1,301.45 | 1,697.87 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 166.51 | 429.30 | 406.96 | 314.68 | 474.64 | 567.94 | 271.60 | 670.81 | 530.20 |
| Short Term Receivables | 277.33 | 279.18 | 295.46 | 264.29 | 243.57 | 244.05 | 246.38 | 230.34 | 206.96 |
| Investments | 2,842.96 | 2,525.56 | 2,416.93 | 2,432.12 | 2,427.98 | 2,192.35 | 2,246.90 | 2,139.72 | 2,010.76 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 27.94 | 28.20 | 28.44 | 28.67 | 28.89 | 29.10 | 29.31 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.90 | 0.93 | 1.10 | 2.25 | 3.09 | - | - | - | - |
| Other Intangible Assets | 1,153.31 | 1,247.12 | 1,070.44 | 1,121.59 | 1,104.28 | 1,117.25 | 1,137.65 | 1,154.91 | 1,183.44 |
| Total Assets | 4,468.96 | 4,510.29 | 4,219.33 | 4,163.59 | 4,282.45 | 4,150.69 | 3,931.83 | 4,195.78 | 3,931.35 |
| Total Debt | 2,439.44 | 2,503.33 | 2,268.99 | 2,274.81 | 2,339.26 | 2,165.75 | 1,697.88 | 1,971.38 | 1,754.77 |
| Long Term Debt | 2,383.98 | 2,398.15 | 2,182.45 | 2,266.18 | 2,331.57 | 2,161.66 | 1,693.94 | 1,717.59 | 1,488.16 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 207.33 | 225.00 | 219.30 | 205.70 | 258.86 | 253.63 | 286.04 | 233.29 | 198.84 |
| Total Liabilities | 2,646.77 | 2,728.32 | 2,488.29 | 2,480.50 | 2,598.11 | 2,419.39 | 1,983.92 | 2,204.67 | 1,953.61 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,060.00 | 1,030.70 | 985.52 | 954.38 | 998.13 | 1,055.25 | 1,228.52 | 1,238.48 | 1,168.28 |
| Total Shareholders Equity | 1,060.00 | 1,030.70 | 985.52 | 954.38 | 998.13 | 1,055.25 | 1,228.52 | 1,238.48 | 1,168.28 |
| Accumulated Minority Interest | 762.19 | 751.27 | 745.53 | 728.72 | 686.20 | 676.06 | 719.39 | 752.63 | 809.46 |
| Total Equity | 1,822.19 | 1,781.96 | 1,731.05 | 1,683.09 | 1,684.33 | 1,731.31 | 1,947.91 | 1,991.11 | 1,977.74 |
| Total Liabilities & Stockholders Equity | 4,468.96 | 4,510.29 | 4,219.33 | 4,163.59 | 4,282.45 | 4,150.69 | 3,931.83 | 4,195.78 | 3,931.35 |
| Book Value Per Share | 6.22 | 6.16 | 6.04 | 5.92 | 5.86 | 6.15 | 6.75 | 7.08 | 7.23 |
| Tangible Book Value Per Share | 1.54 | 1.35 | 1.06 | 0.83 | 1.00 | 1.28 | 2.11 | 2.21 | 1.91 |
| Full-Time Employees | 642 | 667 | 666 | 667 | 693 | 543 | 831 | 813 | 831 |
| Price to Book Ratio | 0.82 | 1.67 | 1.55 | 653.00 | 1.48 | 1.48 | 2.05 | 2.00 | 2.86 |
| Return on Assets | 1.06 | 1.18 | 1.27 | 0.96 | -0.16 | -0.31 | 1.26 | 1.64 | 1.62 |
| Return on Equity | 4.55 | 5.12 | 5.49 | 4.16 | -0.64 | -1.10 | 4.15 | 5.53 | 5.47 |
| Return on Invested Capital | 1.38 | 1.51 | 1.68 | 1.26 | -0.20 | -0.39 | 1.75 | 2.25 | 2.39 |
| Quick Ratio | 2.55 | 3.65 | 3.77 | 0.37 | 5.59 | 7.57 | 3.51 | 2.34 | 1.95 |
| Current Ratio | 2.55 | 3.65 | 3.77 | 0.37 | 5.59 | 7.57 | 3.51 | 2.34 | 1.95 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 231.77 | 253.33 | 277.13 | 262.52 | 255.44 | 208.69 | 188.07 | 262.72 | 291.37 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -47.97 | -4.28 | -16.23 | -30.03 | -44.27 | 3.80 | -5.78 | 0.76 | 14.56 |
| Cash from Operating Activities | 183.80 | 249.05 | 260.89 | 232.49 | 211.17 | 212.49 | 182.29 | 263.49 | 305.92 |
| Capital Expenditures | -122.18 | -198.50 | -172.91 | -139.33 | -126.27 | -95.04 | -143.12 | -250.25 | -243.02 |
| Net Assets From Acquisitions | 0.00 | 0.00 | -14.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -575.43 | -351.51 | -193.08 | 61.99 | -104.62 | -117.70 | 0.00 | 400.00 | -400.00 |
| Purchase of Investments | -541.14 | -412.03 | -193.08 | -26.92 | -115.63 | -117.70 | 0.00 | -0.00 | -400.00 |
| Sale Or Maturity of Investments | -34.28 | 60.52 | 0.00 | 88.91 | 11.01 | 0.00 | 0.00 | 400.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | -16.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -697.61 | -550.01 | -397.12 | -77.34 | -230.89 | -212.74 | -143.12 | 149.74 | -643.02 |
| Cash Dividends Paid | -28.22 | -27.93 | -27.42 | -26.89 | -27.31 | -22.31 | -41.38 | -76.94 | -71.79 |
| Change in Capital Stock | -28.80 | -8.12 | 0.00 | -13.11 | -90.18 | -46.70 | -143.71 | 0.00 | 4.75 |
| Repurchase of Common Pref Stock | -28.80 | -8.12 | 0.00 | -13.11 | -90.18 | -46.70 | -143.71 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.75 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.75 |
| Issuance or Reduction of Debt, Net | 339.22 | 90.39 | 201.07 | -8.63 | -7.50 | -4.09 | 465.93 | -253.79 | 226.41 |
| Change in Long Term Debt | 339.22 | 90.39 | 201.07 | -8.63 | -7.50 | -4.09 | 465.93 | -253.79 | 226.41 |
| Issuance of Long Term Debt | 1,009.70 | 610.65 | 427.93 | 0.00 | 0.00 | 0.00 | 1,069.87 | 0.00 | 493.02 |
| Reduction of Long Term Debt | -670.48 | -520.26 | -226.86 | -8.63 | -7.50 | -4.09 | -603.94 | -253.79 | -266.61 |
| Net Financing Active Other Cash Flow | -15.53 | -16.17 | -15.07 | -14.25 | -15.25 | -19.94 | -23.67 | -50.83 | -54.75 |
| Other Financing Activities Uses | -15.53 | -16.17 | -15.07 | -14.44 | -15.48 | -19.94 | -23.67 | -50.83 | -54.75 |
| Cash from Financing Activities | 266.67 | 38.17 | 158.58 | -62.87 | -140.24 | -93.05 | 257.17 | -381.55 | 104.62 |
| Net Change in Cash | -76.65 | -262.79 | 22.35 | 92.28 | -159.96 | -93.30 | 296.34 | 0.78 | -259.38 |
| Free Cash Flow | 61.62 | 50.55 | 87.99 | 93.16 | 84.91 | 117.45 | 39.17 | 13.23 | 62.90 |
| Preferred Dividends (Cash Flow) | - | -4.20 | -4.20 | -4.20 | -4.20 | -4.20 | -4.20 | -1.74 | -0.94 |
| Price to Free Cash Flow | 32.35 | 75.19 | 45.23 | 37.67 | 30.61 | 16.08 | - | - | - |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 119.71 | 128.22 | 106.15 | 166.51 | 197.75 | 136.73 |
| Short Term Receivables | 274.91 | 278.34 | 284.94 | 277.33 | 286.49 | 283.40 |
| Investments | 3,083.72 | 3,150.97 | 2,872.97 | 2,842.96 | 2,562.11 | 2,567.01 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 41.65 | 42.08 | 27.88 | 27.94 | 28.01 | 28.07 |
| Deferred Tax Assets | - | - | - | 0.90 | - | - |
| Other Intangible Assets | 717.96 | 673.48 | 1,113.78 | 1,153.31 | 1,031.92 | 1,063.55 |
| Total Assets | 4,237.94 | 4,273.10 | 4,405.72 | 4,468.96 | 4,106.28 | 4,078.75 |
| Total Debt | 2,261.04 | 2,263.86 | 2,385.10 | 2,439.44 | 2,101.39 | 2,102.83 |
| Long Term Debt | 2,260.00 | 2,261.80 | 2,380.98 | 2,383.98 | 2,100.06 | 2,100.20 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 197.00 | 219.53 | 196.48 | 207.33 | 206.67 | 186.67 |
| Total Liabilities | 2,458.04 | 2,483.39 | 2,581.59 | 2,646.77 | 2,308.06 | 2,289.50 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,025.19 | 1,039.02 | 1,064.19 | 1,060.00 | 1,043.52 | 1,038.21 |
| Total Shareholders Equity | 1,025.19 | 1,039.02 | 1,064.19 | 1,060.00 | 1,043.52 | 1,038.21 |
| Accumulated Minority Interest | 754.71 | 750.69 | 759.94 | 762.19 | 754.71 | 751.04 |
| Total Equity | 1,779.90 | 1,789.71 | 1,824.14 | 1,822.19 | 1,798.22 | 1,789.25 |
| Total Liabilities & Stockholders Equity | 4,237.94 | 4,273.10 | 4,405.72 | 4,468.96 | 4,106.28 | 4,078.75 |
| Book Value Per Share | 6.09 | 6.01 | 6.19 | 6.22 | 6.14 | 6.13 |
| Tangible Book Value Per Share | 4.16 | 4.13 | 1.56 | 1.54 | 1.44 | 1.40 |
| Full-Time Employees | - | - | - | 642 | - | - |
| Price to Book Ratio | 0.82 | 0.92 | 0.81 | 1.03 | 1.21 | 1.28 |
| Return on Assets | 0.06 | 0.17 | 0.93 | 1.06 | 0.92 | 1.05 |
| Return on Equity | 0.23 | 0.70 | 3.78 | 4.55 | 3.80 | 4.36 |
| Return on Invested Capital | 0.13 | -0.75 | 0.07 | 0.60 | 0.29 | 0.24 |
| Quick Ratio | 4.19 | 3.03 | 3.40 | 2.55 | 4.33 | 3.96 |
| Current Ratio | 4.19 | 3.03 | 3.40 | 2.55 | 4.33 | 3.96 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Funds from Operations | 54.13 | 54.14 | 56.57 | 66.94 | 66.36 | 65.62 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 7.32 | -34.60 | 12.34 | -33.04 | 38.94 | -38.91 |
| Cash from Operating Activities | 61.45 | 19.54 | 68.91 | 33.90 | 105.29 | 26.71 |
| Capital Expenditures | -30.90 | -30.99 | -18.19 | -42.10 | -32.53 | -81.81 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | -38.64 | -46.48 | -490.31 | 170.50 | -31.70 |
| Purchase of Investments | 0.00 | -114.33 | -46.48 | -380.33 | 0.00 | -31.70 |
| Sale Or Maturity of Investments | 0.00 | 75.69 | 0.00 | -109.98 | 170.50 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -30.90 | -69.63 | -64.67 | -532.41 | 137.97 | -113.51 |
| Cash Dividends Paid | -7.03 | -7.09 | -7.07 | -7.03 | -7.00 | -6.97 |
| Preferred Dividends (Cash Flow) | -1.05 | -1.05 | -1.05 | -1.05 | -1.05 | -1.05 |
| Change in Capital Stock | -22.83 | 0.00 | 0.00 | -5.97 | 0.00 | -2.15 |
| Repurchase of Common Pref Stock | -22.83 | 0.00 | 0.00 | -5.97 | 0.00 | -2.15 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -4.04 | 83.35 | -53.20 | 313.11 | -0.93 | -0.91 |
| Change in Long Term Debt | -4.04 | 83.35 | -53.20 | 313.11 | -0.93 | -0.91 |
| Issuance of Long Term Debt | 126.96 | 204.33 | 67.76 | 610.65 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -131.00 | -120.98 | -120.96 | -297.54 | -0.93 | -0.91 |
| Net Financing Active Other Cash Flow | -3.76 | -4.10 | -4.34 | -3.33 | -3.82 | -3.87 |
| Other Financing Activities Uses | -3.76 | -4.10 | -4.34 | -3.33 | -3.82 | -3.87 |
| Cash from Financing Activities | -37.66 | 72.16 | -64.61 | 296.77 | -11.74 | -13.89 |
| Net Change in Cash | -7.11 | 22.07 | -60.37 | -31.24 | 61.03 | -100.69 |
| Free Cash Flow | 30.55 | -11.45 | 50.72 | -8.20 | 72.77 | -55.09 |
| Price to Free Cash Flow | 32.35 | 12.55 | 42.26 | 75.27 | 38.69 | 61.09 |
Revenue breakdown
| United States | 2024: 767.92M 2025: 768.27M |
|---|---|
| Consolidation, Policy | 2024: 1.17M 2025: 1.48M |
| Observatory, | 2024: 136.38M 2025: 128.33M |
| Real Estate, | 2024: 630.38M 2025: 638.46M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 0.00% | 0.0M | 16.1M | 8.14K |
| 2026-10-15 | 0.00% | 0.0M | 16.1M | 8.00K |
| 2026-09-30 | 0.01% | 0.0M | 16.1M | 6.36K |
| 2026-09-15 | 0.01% | 0.0M | 16.1M | 6.12K |
| 2026-08-31 | 0.01% | 0.0M | 16.1M | 5.95K |
| 2026-08-14 | 0.01% | 0.0M | 16.1M | 6.13K |
| 2026-07-31 | 0.02% | 0.0M | 16.1M | 6.43K |
| 2026-07-15 | 0.01% | 0.0M | 16.3M | 6.47K |
| 2026-06-30 | 0.01% | 0.0M | 16.3M | 7.88K |
| 2026-06-15 | 0.02% | 0.0M | 16.3M | 7.33K |
| 2026-05-29 | 0.01% | 0.0M | 16.3M | 7.08K |
| 2026-05-15 | 0.01% | 0.0M | 16.3M | 6.86K |
| 2026-04-30 | 0.01% | 0.0M | 16.5M | 7.56K |
| 2026-04-15 | 0.14% | 0.0M | 16.5M | 9.76K |
| 2026-03-31 | 0.01% | 0.0M | 16.5M | 9.69K |
| 2026-03-13 | 0.01% | 0.0M | 16.5M | 13.61K |
| 2026-02-27 | 0.01% | 0.0M | 16.5M | 14.44K |
| 2026-02-13 | 0.03% | 0.0M | 17.1M | 15.35K |
| 2026-01-30 | 0.03% | 0.0M | 17.1M | 15.58K |
| 2026-01-15 | 0.02% | 0.0M | 17.1M | 13.17K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-02 | 8-K | Current report | 2026-11-02 | SEC |
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-30 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-07-29 | 8-K | Current report | 2026-07-29 | SEC |
| 2026-07-17 | 8-K | Current report | 2026-07-17 | SEC |
| 2026-06-02 | 8-K | Current report | 2026-06-02 | SEC |
| 2026-05-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-04-29 | 8-K | Current report | 2026-04-29 | SEC |
| 2026-04-15 | 8-K | Current report | 2026-04-15 | SEC |
| 2026-03-16 | 8-K | Current report | 2026-03-15 | SEC |
| 2026-03-02 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-02-17 | 8-K | Current report | 2026-02-17 | SEC |
| 2025-12-05 | 8-K | Current report | 2025-12-05 | SEC |
| 2025-12-02 | 8-K | Current report | 2025-12-02 | SEC |
| 2025-11-17 | 8-K | Current report | 2025-11-14 | SEC |
| 2025-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-09-30 | SEC |
| 2025-10-29 | 8-K | Current report | 2025-10-29 | SEC |
| 2025-10-16 | 8-K | Current report | 2025-10-15 | SEC |
| 2025-09-22 | 8-K | Current report | 2025-09-19 | SEC |
| 2025-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-06-30 | SEC |
| 2025-07-23 | 8-K | Current report | 2025-07-23 | SEC |
| 2025-07-14 | 8-K | Current report | 2025-07-13 | SEC |
| 2025-05-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-03-31 | SEC |
| 2025-04-29 | 8-K | Current report | 2025-04-29 | SEC |
| 2025-04-03 | 8-K | Current report | 2025-03-31 | SEC |
| 2025-02-28 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2024-12-31 | SEC |
| 2025-02-19 | 8-K | Current report | 2025-02-19 | SEC |
| 2024-12-12 | 8-K | Current report | 2024-12-11 | SEC |
| 2024-11-08 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2024-09-30 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| MONTAG A & ASSOCIATES INC | 0.12% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.08% |
| North Star Investment Management Corp. | 0.05% |
| MORGAN STANLEY | 0.05% |
| Sequoia Financial Advisors, LLC | 0.05% |
| Vectors Research Management, LLC | 0.04% |
| Verdence Capital Advisors LLC | 0.04% |
| COMMONWEALTH EQUITY SERVICES, LLC | 0.03% |
| Cassaday & Co Wealth Management LLC | 0.02% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 0.02% |
Funds
| Fund | % owned |
|---|---|
| - | |
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