During the past 5 years, the average Dividends Per Share Growth Rate was 6.80% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -7.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Empire State Realty OP LP was 33.40% per year. The lowest was -37.00% per year. And the median was 3.65% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Empire State Realty OP LP (ARCA:OGCP) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Empire State Realty OP LP Forward Dividend Yield % Related Terms
OGCP vs DEI, DEA, PDM: Forward Dividend Yield % Comparison
For the REIT - Office subindustry, Empire State Realty OP LP's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Empire State Realty OP LP Forward Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's Forward Dividend Yield % falls into.
Empire State Realty OP LP Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Empire State Realty OP LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.035000
2026-06-15
2026-06-15
2026-06-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2026-03-13
2026-03-13
2026-03-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2025-12-15
2025-12-15
2025-12-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2025-09-15
2025-09-15
2025-09-30
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 2.43% mean?
Empire State Realty OP LP (OGCP) has a Forward Dividend Yield % of 2.43% as of Jun. 26, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Empire State Realty OP LP and its competitors. According to the industry distribution chart, Empire State Realty OP LP ranks #808 out of 869 companies in the REITs industry, placing it in the top 93%.
Is Empire State Realty OP LP's Forward Dividend Yield % too high?
Empire State Realty OP LP's current Forward Dividend Yield % is 2.43%. The REITs industry median Forward Dividend Yield % is 6.86. Empire State Realty OP LP's value of 2.43% is 64.6% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #808 out of 869 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Empire State Realty OP LP has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty OP LP's Forward Dividend Yield % compare to DEI and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #808 out of 869 companies for Forward Dividend Yield %. This places Empire State Realty OP LP in the lower half of its industry. The industry median Forward Dividend Yield % is 6.86. Empire State Realty OP LP's value of 2.43% is 64.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a REITs company?
The median Forward Dividend Yield % among REITs companies is 6.86, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty OP LP's current Forward Dividend Yield % of 2.43% is 64.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median Forward Dividend Yield % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current Forward Dividend Yield % is 2.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire State Realty OP LP stock overvalued right now?
Based on GuruFocus' analysis, Empire State Realty OP LP (OGCP) is currently considered Possible Value Trap. The stock's GF Value™ is $8.91, compared to a current price of $5.75 — trading 35.5% below its estimated fair value. The current Forward Dividend Yield % is 2.43% and 64.6% below the REITs industry median of 6.86. Empire State Realty OP LP's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current Forward Dividend Yield % is 2.43% as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Empire State Realty OP LP (OGCP) Overvalued in 2026?
Based on GuruFocus' analysis, Empire State Realty OP LP stock appears to be undervalued.
The current stock price of $5.75 is trading 35.5% below its estimated GF Value™ of $8.91.
GuruFocus considers Empire State Realty OP LP to be Possible Value Trap.
Key valuation signals for OGCP:
Forward Dividend Yield %: 2.43%
GF Value™: $8.91 vs. price of $5.75 (35.5% below fair value)
Industry Position: 64.6% below the REITs median (#808 of 869)
No single metric tells the full story. See the OGCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire State Realty OP LP is an NYC-focused real estate investment trust (REIT) that owns and operates a portfolio of well-leased, top-of-tier, modernized, amenitized, and well-located office, retail, and multifamily assets, conducts all of its business, and owns substantially all of its assets. The firm operates in two segments, Real Estate and Observatory. Through the Real Estate segment, it offers services related to the ownership, management, operation, acquisition, repositioning, and disposition of its real estate assets. Under the Observatory segment, it operates the two observatories of the Empire State Building. The company generates maximum revenue from the Real Estate segment.
60GF Score
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