Empire State Realty OP LP 250 (FISK) AI Stock Analysis
FISK AI stock analysis summary
AI ResearchEmpire State Realty OP LP 250 (FISK) operates as a subsidiary of Empire State Realty Trust, Inc. within the office REIT sector. Over the trailing twelve months, the company generated $782.8M in revenue with a net profit margin of 1.2% and EPS of $0.02. The balance sheet reflects $2.26B in total debt, while the stock declined 41.1% over the past year.
- Market cap
- $1.26B
- Revenue (TTM)
- $782.8M
- P/E
- 225.5x
- 1Y return
- -41.1% S&P 500 16.8%
- Avg. target
- —
Bull case
- The company has beaten earnings per share estimates in all 4 of the last 4 quarters.
- Long-term revenue expanded at a 5-year CAGR of 4.7% through FY2025, reaching $768.3M.
- Valuation multiples remain discounted relative to peers on an EV/EBITDA basis of 10.4x compared to the US-listed Real Estate peer median of 14.7x.
Bear case
- Total debt reached $2.26B as of June 30, 2026, heavily outweighing cash and short-term investments of $85.6M.
- Net income dropped from $84.3M in FY2023 to $47.6M in FY2025, with trailing twelve-month net profit margin shrinking to 1.2%.
- Share performance has lagged broader markets, falling 41.1% over the past year compared to a 16.8% gain for the S&P 500.
What Empire State Realty OP LP 250 does
Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc. Listed on the NYSE ARCA under the ticker FISK, the entity is classified within the Real Estate sector and the office REIT industry. The organization was established with an initial public offering in 2013 and maintains a workforce of 642 employees. Its corporate operations align with its parent company to manage and lease commercial office real estate assets.
Growth and profitability
Revenue rose from $624.1M in FY2021 to $727.0M in FY2022, $739.6M in FY2023, $767.9M in FY2024, and $768.3M in FY2025, delivering a 5-year CAGR of 4.7%. Net income improved from -$13.0M in FY2021 to a peak of $84.3M in FY2023, before declining to $76.2M in FY2024 and $47.6M in FY2025. Operating margin was 17.7% in FY2025, down from 20.7% in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $782.8M with a net profit margin of 1.2% and EPS of $0.02. In the latest quarter, revenue grew 3.2% year-over-year while earnings fell 85.5%.
Balance sheet and cash flow
As of June 30, 2026, cash and short-term investments totaled $85.6M against total debt of $2.26B, resulting in net debt of $2.18B. Shareholders' equity was $1.79B, producing a debt-to-equity ratio of 1.26 and a current ratio of 6.81. Total assets stood at $4.27B. In FY2025, the company generated $249.1M in operating cash flow and $50.6M in free cash flow. Capital expenditures absorbed $198.5M, while $39.0M went toward dividends and $8.1M was used for share buybacks.
Valuation and performance
At a closing price of $4.51 on October 16, 2026, the company holds a market capitalization of $1.26B and an enterprise value of $3.32B. The stock trades at a trailing P/E of 225.5x, above the 21.6x median of its US-listed Real Estate peers. Its EV/EBITDA of 10.4x and price-to-sales of 1.6x compare to peer medians of 14.7x and 3.7x, respectively. Over the past year, FISK shares declined 41.1%, trailing the S&P 500 return of 16.8%. Over five years, the stock dropped 53.8% while the S&P 500 gained 83.0%.
FISK dividend
The company pays a forward annual dividend of $0.14 per share, translating to a dividend yield of 3.10%. Dividends are distributed on a quarterly frequency, with the last ex-dividend date on September 15, 2026. Payments have continued for 14 consecutive years, though the 5-year annualized dividend growth rate declined 7.8%.
What analysts expect
The company has beaten quarterly earnings per share estimates in each of the last 4 quarters. No consensus analyst price targets, recommendation tallies, or upcoming earnings release dates are currently published for the stock. Trailing twelve-month EPS stands at $0.02, reflecting compressed profit levels despite the consistent record of quarterly EPS beats over the past year.
Key risks and what to watch
- Quarterly earnings declined 85.5% year-over-year in the quarter ended June 30, 2026, highlighting bottom-line volatility.
- High leverage with net debt of $2.18B and a debt-to-equity ratio of 1.26 could limit financial flexibility if operating cash flow weakens from $249.1M.
- The dividend growth rate has contracted at an annualized rate of 7.8% over the past 5 years, posing risks to future payout growth.
- The stock carries elevated market sensitivity with a beta of 1.46 and trades 34.7% below its 200-day moving average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FISK AI stock analysis
This page is an AI-written research summary of Empire State Realty OP LP 250 (FISK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FISK income statement, FISK balance sheet, FISK key metrics, FISK chart. See the FISK stock overview for the latest quote and news.
FISK AI stock analysis FAQ
Does FISK pay a dividend?
Yes, FISK pays a quarterly dividend with a forward annual rate of $0.14 per share, representing a 3.10% dividend yield. It has maintained regular dividend payments for 14 consecutive years, though its 5-year annualized dividend growth rate declined 7.8%.
What is FISK's debt level?
As of June 30, 2026, FISK had $2.26B in total debt and $85.6M in cash and short-term investments, resulting in net debt of $2.18B. Its debt-to-equity ratio stands at 1.26 against shareholders' equity of $1.79B.
How has FISK stock performed recently?
FISK closed at $4.51 on October 16, 2026, down 30.1% year-to-date and down 41.1% over the past year. By comparison, the S&P 500 gained 16.8% over the same 1-year stretch.
What are FISK's main valuation multiples?
FISK trades at a trailing P/E of 225.5x, an EV/EBITDA of 10.4x, and a price-to-book ratio of 0.6x. Its enterprise value stands at $3.32B alongside a market capitalization of $1.26B.