Empire State Realty OP LP 250 (FISK) Key Metrics

NYSE ARCA: FISKValuation, returns, debt and efficiency ratios over 10 years.

FISK valuation today

Trailing 12 months · as of October 18, 2026
Market cap
$1.26B
Enterprise value
$3.32B
P/E (TTM)
225.5
Forward P/E
—
PEG ratio
—
Price / sales
1.6
Price / book
0.6
EV / EBITDA
10.4
Dividend yield
0.02%
$0.14 a year
Beta
1.46

FISK key metrics, 2016–2025

Fiscal year ended December 31, 2025 · U.S. dollars

FISK returns How much profit the business earns on the capital it uses.

Return on equity−1.0 pts
3.3%
2025 · hover or tap a bar for each year
2016: 6.4% (+0.6 pts)2017: 3.2% (−3.2 pts)2018: 3.4% (+0.1 pts)2019: 4.3% (+0.9 pts)2020: −1.2% (−5.5 pts)2021: −0.8% (+0.5 pts)2022: 3.8% (+4.6 pts)2023: 5.0% (+1.2 pts)2024: 4.4% (−0.6 pts)2025: 3.3% (−1.0 pts)
20162025
Return on invested capital−0.5 pts
3.6%
2025 · hover or tap a bar for each year
2016: 5.8% (+0.9 pts)2017: 5.9% (+0.1 pts)2018: 5.7% (−0.3 pts)2019: 4.5% (−1.2 pts)2020: 1.4% (−3.1 pts)2021: 1.8% (+0.4 pts)2022: 3.4% (+1.6 pts)2023: 3.9% (+0.5 pts)2024: 4.1% (+0.2 pts)2025: 3.6% (−0.5 pts)
20162025
Return on assets−0.7 pts
1.1%
2025 · hover or tap a bar for each year
2016: 3.0% (+0.6 pts)2017: 1.6% (−1.4 pts)2018: 1.6% (0.0 pts)2019: 2.1% (+0.4 pts)2020: −0.6% (−2.6 pts)2021: −0.3% (+0.3 pts)2022: 1.5% (+1.8 pts)2023: 2.0% (+0.5 pts)2024: 1.7% (−0.3 pts)2025: 1.1% (−0.7 pts)
20162025
Free cash flow margin−4.9 pts
6.6%
2025 · hover or tap a bar for each year
2016: 5.4% (−3.9 pts)2017: −4.4% (−9.8 pts)2018: 4.9% (+9.3 pts)2019: −2.4% (−7.3 pts)2020: 6.4% (+8.8 pts)2021: 34.0% (+27.6 pts)2022: 29.0% (−5.0 pts)2023: 31.4% (+2.4 pts)2024: 11.5% (−20.0 pts)2025: 6.6% (−4.9 pts)
20162025
Cash conversion (OCF / net income)+52.7%
5.23
2025 · hover or tap a bar for each year
2016: 2.04 (−20.4%)2017: 3.01 (+47.7%)2018: 4.19 (+39.3%)2019: 2.76 (−34.2%)2022: 3.332023: 2.76 (−17.2%)2024: 3.43 (+24.3%)2025: 5.23 (+52.7%)
20162025
Asset turnover−2.7%
0.17
2025 · hover or tap a bar for each year
2016: 0.19 (−5.4%)2017: 0.18 (−3.4%)2018: 0.18 (−1.0%)2019: 0.18 (−0.2%)2020: 0.15 (−16.2%)2021: 0.15 (−1.8%)2022: 0.17 (+16.3%)2023: 0.18 (+2.5%)2024: 0.18 (−0.3%)2025: 0.17 (−2.7%)
20162025

FISK returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

FISK debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

FISK cash returned to shareholders

DividendsBuybacksFree cash flow

FISK key metrics

2016–2025
Empire State Realty OP LP 250 key metrics by fiscal year
2025202420232022202120202019201820172016
Valuation
Share price at fiscal year-end$6.54$10.05$9.77$6.68$8.58$9.19$13.82$13.95$20.40$19.98
Returns & profitability
Return on equity (ROE)3.3%4.4%5.0%3.8%−0.8%−1.2%4.3%3.4%3.2%6.4%
Return on invested capital (ROIC)3.6%4.1%3.9%3.4%1.8%1.4%4.5%5.7%5.9%5.8%
Return on assets (ROA)1.1%1.7%2.0%1.5%−0.3%−0.6%2.1%1.6%1.6%3.0%
Return on tangible assets1.3%2.1%2.5%1.9%−0.4%−0.7%2.7%2.0%2.1%3.5%
Free cash flow margin6.6%11.5%31.4%29.0%34.0%6.4%−2.4%4.9%−4.4%5.4%
Income quality (OCF / net income)5.233.432.763.33——2.764.193.012.04
Financial health
Total debt$2.44B$2.50B$2.27B$2.27B$2.34B$2.17B$1.70B$1.92B$1.69B$1.61B
Cash & short-term investments$166.5M$385.5M$346.6M$264.4M$423.7M$526.7M$233.9M$605.0M$464.3M$554.4M
Net debt$2.27B$2.12B$1.92B$2.01B$1.92B$1.64B$1.46B$1.31B$1.22B$1.06B
Debt / equity2.301.401.321.361.401.250.870.960.850.81
Debt / assets0.550.560.540.550.550.520.430.460.430.41
Net debt / EBITDA6.086.175.015.316.766.424.213.533.583.13
Current ratio6.481.599.994.382.783.481.685.505.265.08
Quick ratio6.481.5910.163.852.533.671.515.134.834.71
Interest coverage1.31.41.41.30.80.72.02.42.92.6
Working capital$328.0M$327.8M$632.1M$549.9M$364.7M$475.1M$146.7M$790.0M$646.4M$678.0M
Invested capital$3.33B$3.90B$3.64B$3.68B$3.59B$3.37B$3.41B$3.31B$3.20B$3.04B
Tangible asset value$1.03B$977.1M$918.3M$862.5M$855.9M$895.1M$1.10B$1.14B$1.12B$1.12B
Net current asset value−$2.26B−$1.85B−$1.79B−$1.77B−$2.03B−$1.75B−$1.62B−$1.24B−$1.16B−$1.06B
Capital allocation
Dividends paid$39.0M$38.3M$41.3M$38.6M$28.6M$60.9M$126.0M$125.6M$126.0M$114.0M
Share buybacks (net)$8.1M$13.1M$13.1M$90.2M$46.7M$143.7M—$0—$0
Dividend payout ratio81.9%50.3%49.0%60.8%——149.5%188.8%198.2%106.3%
Dividends + buybacks / free cash flow93.2%58.4%23.4%61.0%35.4%522.2%—348.9%—311.0%
Capex / revenue25.8%22.5%0.0%17.4%34.1%23.5%34.2%33.2%31.3%26.8%
Capex / operating cash flow79.7%66.3%0.0%59.8%100.1%78.5%107.6%87.1%116.5%83.2%
Capex / depreciation1.020.940.000.571.040.731.371.431.371.18
Stock-based compensation / revenue3.3%2.8%2.7%2.9%3.2%4.2%2.9%2.6%2.0%1.4%
R&D / revenue——0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
SG&A / revenue9.5%9.1%8.6%8.5%9.0%10.2%8.3%7.2%7.1%7.2%
Efficiency
Days sales outstanding112.0177.1138.1127.577.514.163.8108.997.784.9
Days of inventory on hand——39.877.64.01.156.575.276.180.4
Days payables outstanding28.851.041.542.419.842.290.6138.0146.3154.8
Cash conversion cycle (days)83.2126.1136.5162.861.8-27.129.846.227.510.6
Receivables turnover3.262.062.642.864.7125.945.723.353.734.30
Payables turnover12.657.168.798.6218.478.644.032.652.502.36
Inventory turnover———4.7091.16—6.454.854.804.54
Asset turnover0.170.180.180.170.150.150.180.180.180.19
Average receivables$235.8M$372.5M$279.9M$253.9M$132.6M$23.5M$127.9M$218.6M$190.8M$157.7M
Average payables$59.6M$49.5M$38.5M$37.3M$37.0M$33.7M$82.9M$120.8M$122.5M$122.6M
Average inventory——$37.0M$68.4M$7.5M$847,000$51.7M$65.8M$63.7M$63.7M
Intangibles / total assets17.8%17.8%19.3%19.7%19.3%20.1%21.5%20.3%21.9%22.3%

Computed from FISK's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.

FISK valuation and financial ratios

Based on the latest twelve months, the trailing P/E is 225.5. Empire State Realty OP LP 250 earned a return on equity of 3.3% and a return on invested capital of 3.6% in fiscal 2025. It ended the year with $2.4 billion of debt and $166.5 million in cash and short-term investments, net debt of $2.3 billion. It returned $47.1 million to shareholders: $39.0 million in dividends and $8.1 million in share buybacks, 93% of free cash flow.

See the FISK income statement, the FISK chart for price history, or the FISK stock overview for the latest quote and news.

FISK key metrics FAQ

What is Empire State Realty OP LP 250's P/E ratio?

Empire State Realty OP LP 250's trailing P/E ratio is 225.5 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.

What is Empire State Realty OP LP 250's return on equity?

Empire State Realty OP LP 250's return on equity (ROE) was 3.3% in fiscal 2025: net income of $47.6 million on average shareholders' equity of $1.4 billion.

What is Empire State Realty OP LP 250's ROIC?

Empire State Realty OP LP 250's return on invested capital was 3.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does Empire State Realty OP LP 250 have?

Empire State Realty OP LP 250 had total debt of $2.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.30 and $2.3 billion of net debt (6.08 times EBITDA).

Does Empire State Realty OP LP 250 buy back its shares?

Yes. Empire State Realty OP LP 250 spent $8.1 million on net share repurchases in fiscal 2025.

What is Empire State Realty OP LP 250's current ratio?

Empire State Realty OP LP 250's current ratio was 6.48 at the end of fiscal 2025: current assets were 6.48 times current liabilities.

REIT - Office key metrics