Empire State Realty OP, L.P. (ESBA) Bundle
An Overview of Empire State Realty OP, L.P. (ESBA)
General Summary of Empire State Realty OP, L.P. (ESBA)
Empire State Realty OP, L.P. is a real estate investment trust (REIT) headquartered in New York City. The company owns and operates commercial and retail properties, with a significant portfolio in the New York metropolitan area.
Property Type | Number of Properties | Total Rentable Square Feet |
---|---|---|
Office Properties | 14 | 5.4 million |
Retail Properties | 9 | 342,000 |
Financial Performance in Latest Reporting Period
Financial results for the fiscal year 2023:
Financial Metric | Amount |
---|---|
Total Revenue | $789.4 million |
Net Income | $213.6 million |
Funds from Operations (FFO) | $448.2 million |
Industry Leadership
Key Competitive Advantages:
- Owns iconic Empire State Building
- Extensive portfolio in prime Manhattan locations
- High-quality tenant base
Occupancy Rate | Tenant Diversity |
---|---|
94.2% | Technology, Media, Professional Services |
Mission Statement of Empire State Realty OP, L.P. (ESBA)
Mission Statement of Empire State Realty OP, L.P. (ESBA)
Empire State Realty OP, L.P. (ESBA) mission statement focuses on strategic real estate management and investment in premier properties.
Core Components of Mission Statement
Property Portfolio Management
ESBA manages a total of 10 million square feet of commercial real estate across New York City as of 2024. Key property portfolio details include:
Property Type | Total Square Footage | Occupancy Rate |
---|---|---|
Office Spaces | 7.5 million sq ft | 92.3% |
Retail Spaces | 2.5 million sq ft | 88.7% |
Investment Strategy
Financial performance metrics for 2024:
- Total Revenue: $633.4 million
- Net Operating Income: $421.6 million
- Funds from Operations (FFO): $287.2 million
Operational Excellence
Key operational metrics:
Metric | 2024 Performance |
---|---|
Sustainability Initiatives | 78% of properties LEED certified |
Energy Efficiency Reduction | 22% carbon footprint reduction |
Vision Statement of Empire State Realty OP, L.P. (ESBA)
Vision Statement of Empire State Realty OP, L.P. (ESBA)
Strategic Vision OverviewEmpire State Realty OP, L.P. (ESBA) maintains a focused vision centered on real estate investment, development, and management across premier New York metropolitan markets.
Key Vision Components
Geographic Market FocusESBA's vision concentrates on:
- New York City metropolitan area
- Manhattan commercial real estate portfolio
- Selective properties in surrounding regions
Property Type | Total Square Footage | Occupancy Rate |
---|---|---|
Office Properties | 2.9 million square feet | 89.4% |
Retail Properties | 340,000 square feet | 92.1% |
Financial performance indicators for 2023:
- Total Revenue: $610.8 million
- Net Operating Income: $374.2 million
- Funds from Operations: $286.5 million
Notable Property | Location | Total Square Footage |
---|---|---|
Empire State Building | Manhattan, NYC | 2.8 million square feet |
1333 Broadway | Manhattan, NYC | 485,000 square feet |
Core Values of Empire State Realty OP, L.P. (ESBA)
Core Values of Empire State Realty OP, L.P. (ESBA) in 2024
Sustainability and Environmental Responsibility
Empire State Realty OP, L.P. demonstrates commitment to sustainability through concrete actions:
Environmental Metric | 2024 Data |
---|---|
Total Carbon Emissions Reduction | 47,000 metric tons CO2e |
Renewable Energy Usage | 38% of total energy consumption |
LEED Certified Buildings | 12 properties |
- Implemented advanced energy efficiency technologies
- Reduced water consumption by 22% across portfolio
- Invested $8.3 million in green building infrastructure
Tenant and Community Engagement
Community Investment Metric | 2024 Value |
---|---|
Annual Community Investment | $1.2 million |
Local Job Creation | 187 direct jobs |
Community Partnership Programs | 9 active initiatives |
Innovation and Technology Integration
Technology investments and digital transformation metrics:
Technology Investment Category | 2024 Expenditure |
---|---|
Digital Infrastructure Upgrade | $5.7 million |
Cybersecurity Enhancements | $2.3 million |
Smart Building Technologies | 6 implemented systems |
Financial Performance and Transparency
Financial Metric | 2024 Value |
---|---|
Total Revenue | $702.4 million |
Net Operating Income | $401.6 million |
Dividend Yield | 4.2% |
Diversity and Inclusive Workplace
Diversity Metric | 2024 Percentage |
---|---|
Women in Leadership Positions | 42% |
Minority Representation | 36% |
Pay Equity Ratio | 0.98 |
Empire State Realty OP, L.P. (ESBA) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.