The unit screens attractively valued at a price-to-operating-cash-flow of 6.4x with exceptional free cash flow conversion, but already trades above its measured resistance target with no remaining geometric upside, an RSI reading at extreme overbought levels characteristic of a bear-market rally, and a confirmed longer-term downtrend—the setup does not favor new positions.
Thesis pillars
- Reit Ocf Valuation Discount→Stable
- Strong Free Cash Conversion→Stable
- Overbought Bear Rally Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Empire State Realty OP, L.P. Se (FISK) Stock Analysis
Recovery setup · Inst Constrain edge
Real Estate · REIT - Office
Sell if holding. Multiple concerning factors at $5.42: Leverage penalty (D/E 1.3): -0.5; Concentration risk — Geographic: New York City.
Empire State Realty OP, L.P. is the operating partnership through which Empire State Realty Trust runs a New York City-focused REIT portfolio of roughly 7.9 million square feet of office space, 0.8 million square feet of retail, and 743 residential units, anchored by the Empire... Read more
Sell if holding. Multiple concerning factors at $5.42: Leverage penalty (D/E 1.3): -0.5; Concentration risk — Geographic: New York City. Chart setup: Death cross but MACD improving, RSI 51. Score 5.0/10, moderate confidence.
Passes 7/10 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on death cross (50MA < 200MA). Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHGeographicNew York City10-K Item 1A: 'Our commercial portfolio is comprised of properties in New York City. As a result, our business is dependent on the New York City economy'
- LOWTenantfive largest tenants17%10-K Item 1A: 'our five largest tenants together represented approximately 17.4% of our total commercial portfolio's annualized rent'
- LOWPropertyretail20%10-K Item 1A: 'approximately 20.1% of our commercial portfolio's annualized rent was comprised of retail tenants'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $5.42: Leverage penalty (D/E 1.3): -0.5; Concentration risk — Geographic: New York City. Chart setup: Death cross but MACD improving, RSI 51. Prior stop was $5.24. Score 5.0/10, moderate confidence.
Take-profit target: $5.50 (+1.5% upside). Prior stop was $5.24. Stop-loss: $5.24.
Concentration risk — Geographic: New York City; Leverage penalty (D/E 1.3): -0.5; Weak overall score: 5.0/10.
Empire State Realty OP, L.P. Se trades at a P/E of 26.7 (forward N/A). TrendMatrix value score: 7.6/10. Verdict: Sell.
What does Empire State Realty OP, L.P. Se do?Empire State Realty OP, L.P. is the operating partnership through which Empire State Realty Trust runs a New York...
Empire State Realty OP, L.P. is the operating partnership through which Empire State Realty Trust runs a New York City-focused REIT portfolio of roughly 7.9 million square feet of office space, 0.8 million square feet of retail, and 743 residential units, anchored by the Empire State Building. The company earns revenue from base rents, escalations, and tenant expense reimbursements across its office, retail, and multifamily leases, plus a separate Observatory segment operating the building's 86th and 102nd floor attractions.