Empire State Realty OP, L.P. (FISK)

Real Estate Investment Trusts

Latest Price

$4.30

TTM P/E

215.00

Normalized P/E

25.00

Div Yield

2.44%

Book Value

P/B Ratio

Valuation metrics

EPS: $0.25

Book value / share: $6.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$6.16

+43% upside

Norm. op. income: $136M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$5.26

+22% upside

EPS: $0.25

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$6.25

+45% upside

0.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
OSAIC HOLDINGS, INC.	25.4K	--	0.00%	+14.4K	2026-06-30
Corient Private Wealth LP	21.9K	--	0.00%	--	2026-06-30
Wealthspire Advisors, LLC	12.1K	--	0.00%	--	2026-06-30
MONTAG A & ASSOCIATES INC	10.9K	--	0.00%	--	2026-06-30
Bell Investment Advisors, Inc	9.8K	--	0.00%	--	2026-06-30
UBS Group AG	5.3K	--	0.00%	-18	2026-06-30
MORGAN STANLEY	301	--	0.00%	+1	2026-06-30
WELLS FARGO & COMPANY/MN	1	--	0.00%	--	2026-06-30