Empire State Realty OP LPOGCP 60 Gross Margin % is 51.37% as of Mar. 2026, which is 6% below its 10-year median of 54.78. GuruFocus rates OGCP with a GF Score™ of 60/100 and a GF Value™ of $8.91 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 680 REITs companies, Empire State Realty OP LP ranks worse than 81.76% on this metric.
Empire State Realty OP LP (ARCA:OGCP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Empire State Realty OP LP had a gross margin of 51.37% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Empire State Realty OP LP Gross Margin % Related Terms
Empire State Realty OP LP Gross Margin % Historical Data
* 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.
For the REIT - Office subindustry, Empire State Realty OP LP's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Empire State Realty OP LP (OGCP) has a Gross Margin % of 51.37% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Empire State Realty OP LP and its competitors. This is near median its historical median of 54.78. Over the past decade, Empire State Realty OP LP's Gross Margin % has ranged from 52.22 to 57.32. According to the industry distribution chart, Empire State Realty OP LP ranks #556 out of 680 companies in the REITs industry, placing it in the top 81.8%.
Is Empire State Realty OP LP's Gross Margin % too high?
Empire State Realty OP LP's current Gross Margin % of 51.37% is near median its 10-year median of 54.78. Over the past 10 years, this metric has ranged from a low of 52.22 to a high of 57.32. The REITs industry median Gross Margin % is 69.71. Empire State Realty OP LP's value of 51.37% is 26.3% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #556 out of 680 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 Gross Margin % compare to DEI and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #556 out of 680 companies for Gross Margin %. This places Empire State Realty OP LP in the lower half of its industry. The industry median Gross Margin % is 69.71. Empire State Realty OP LP's value of 51.37% is 26.3% below this benchmark. Historically, Empire State Realty OP LP's own Gross Margin % has ranged from 52.22 to 57.32 over the past decade. While the company's 10-year median is 54.78 vs. the industry median of 69.71, Empire State Realty OP LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty OP LP's current Gross Margin % of 51.37% is 26.3% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current Gross Margin % is 51.37%, which is near median its own 10-year median of 54.78. 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 Gross Margin % is 51.37%, which is near median its 10-year median of 54.78 and 26.3% below the REITs industry median of 69.71. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current Gross Margin % is 51.37% as of Mar. 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:
Gross Margin %: 51.37% (near median its 10-year median of 54.78)
GF Value™: $8.91 vs. price of $5.75 (35.5% below fair value)
Industry Position: 26.3% below the REITs median (#556 of 680)
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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