Empire State Realty OP, L.P. Series ES Operating Partnership Limited Partnership Interests (ESBA): Price and Financial Metrics

ESBA POWR Grades

• Momentum is the dimension where ESBA ranks best; there it ranks ahead of 84.89% of US stocks.
• ESBA's strongest trending metric is Growth; it's been moving down over the last 179 days.
• ESBA ranks lowest in Quality; there it ranks in the 26th percentile.

ESBA Stock Summary

• The price/operating cash flow metric for Empire State Realty OP LP is higher than only 4.74% of stocks in our set with a positive cash flow.
• Of note is the ratio of Empire State Realty OP LP's sales and general administrative expense to its total operating expenses; merely 8.34% of US stocks have a lower such ratio.
• Empire State Realty OP LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 25.76%, greater than the shareholder yield of 93.53% of stocks in our set.
• Stocks with similar financial metrics, market capitalization, and price volatility to Empire State Realty OP LP are AKR, NHI, DOC, GMRE, and DAC.
• Visit ESBA's SEC page to see the company's official filings. To visit the company's web site, go to www.empirestaterealtytrust.com.

ESBA Valuation Summary

• ESBA's EV/EBIT ratio is 24.9; this is 35.24% lower than that of the median Real Estate stock.
• Over the past 96 months, ESBA's price/sales ratio has gone NA NA.
• Over the past 96 months, ESBA's price/sales ratio has gone NA NA.

Below are key valuation metrics over time for ESBA.

ESBA Growth Metrics

Its 4 year net cashflow from operations growth rate is now at 1.91%.
• The year over year net income to common stockholders growth rate now stands at -148.11%.
• Its 5 year price growth rate is now at -59.71%.

Over the past 15 months, ESBA's revenue has gone down $28,668,000.

The table below shows ESBA's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-12-31	624.094	212.486	-17.221
2021-09-30	615.159	185.767	-12.454
2021-06-30	596.686	191.599	-14.54
2021-03-31	584.308	190.919	-38.565
2020-12-31	609.228	182.293	-27.086
2020-09-30	652.762	197.771	0.933

ESBA's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• ESBA has a Quality Grade of C, ranking ahead of 26.51% of graded US stocks.
• ESBA's asset turnover comes in at 0.145 -- ranking 126th of 444 Trading stocks.
• ESRT, CBLAQ, and DRH are the stocks whose asset turnover ratios are most correlated with ESBA.

The table below shows ESBA's key quality metrics over time.