OGCP (Empire State Realty OP LP) Dividend Payout Ratio: 3.50 (As of Mar. 2026) — 355% Above Median


OGCP Empire State Realty OP LP OGCP
60 GF Score
Price $5.75
GF Value $8.91
Valuation Possible Value Trap
! 6 Warning Signs
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What is Empire State Realty OP LP Dividend Payout Ratio?

Empire State Realty OP LP OGCP 60 Dividend Payout Ratio is 3.50 as of Mar. 2026, which is 355% above its 10-year median of 0.77. 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 718 REITs companies, Empire State Realty OP LP ranks better than 50.14% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Empire State Realty OP LP's Dividend Payout Ratio for the months ended in Mar. 2026 was 3.50.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Empire State Realty OP LP is 0.99, which seems too high.

The historical rank and industry rank for Empire State Realty OP LP's Dividend Payout Ratio or its related term are showing as below:

OGCP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.77   Max: 1.17
Current: 0.99

During the past 13 years, the highest Dividend Payout Ratio of Empire State Realty OP LP was 1.17. The lowest was 0.26. And the median was 0.77.

OGCP's Dividend Payout Ratio is ranked better than
50.14% of 718 companies
in the REITs industry
Industry Median: 0.99 vs OGCP: 0.99

As of today (2026-06-26), the Dividend Yield % of Empire State Realty OP LP is 2.43%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Empire State Realty OP LP was 6.37%. The lowest was 0.29%. And the median was 1.83%.

Empire State Realty OP LP's Dividends per Share for the months ended in Mar. 2026 was $0.04.

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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Empire State Realty OP LP (ARCA:OGCP) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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 Dividend Payout Ratio Related Terms

Empire State Realty OP LP Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Empire State Realty OP LP's Dividend Payout Ratio can be seen below:

* 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.

Empire State Realty OP LP Dividend Payout Ratio Chart

Empire State Realty OP LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.03 0.69 0.56 0.84

Empire State Realty OP LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.18 0.88 0.70 0.83 3.50

OGCP vs DEI, DEA, PDM: Dividend Payout Ratio Comparison

For the REIT - Office subindustry, Empire State Realty OP LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Empire State Realty OP LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Empire State Realty OP LP's Dividend Payout Ratio falls into.


OGCP
60GF Score
Empire State Realty OP LP OGCP
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire State Realty OP LP Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Empire State Realty OP LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.14/ 0.167
=0.84

Empire State Realty OP LP's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.035/ 0.01
=3.50

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 3.50 mean?
Empire State Realty OP LP (OGCP) has a Dividend Payout Ratio of 3.50 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Empire State Realty OP LP and its competitors. This is 355% above median its historical median of 0.77. Over the past decade, Empire State Realty OP LP's Dividend Payout Ratio has ranged from 0.26 to 1.17. According to the industry distribution chart, Empire State Realty OP LP ranks #358 out of 718 companies in the REITs industry, placing it in the top 49.9%.
Is Empire State Realty OP LP's Dividend Payout Ratio too high?
Empire State Realty OP LP's current Dividend Payout Ratio of 3.50 is 355% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.17. The REITs industry median Dividend Payout Ratio is 0.99. Empire State Realty OP LP's value of 3.50 is 253.5% above this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #358 out of 718 companies in the REITs industry, which is above the industry midpoint. 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 Dividend Payout Ratio compare to DEI and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #358 out of 718 companies for Dividend Payout Ratio. This puts Empire State Realty OP LP in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Empire State Realty OP LP's value of 3.50 is 253.5% above this benchmark. Historically, Empire State Realty OP LP's own Dividend Payout Ratio has ranged from 0.26 to 1.17 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.99, Empire State Realty OP LP has consistently been above 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 Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty OP LP's current Dividend Payout Ratio of 3.50 is 253.5% above 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current Dividend Payout Ratio is 3.50, which is 355% above median its own 10-year median of 0.77. 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 Dividend Payout Ratio is 3.50, which is 355% above median its 10-year median of 0.77 and 253.5% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current Dividend Payout Ratio is 3.50 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:

  • Dividend Payout Ratio: 3.50 (355% above median its 10-year median of 0.77)
  • GF Value™: $8.91 vs. price of $5.75 (35.5% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 253.5% above the REITs median (#358 of 718)

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 Business Description

Industry Real EstateREITs
Other Exchanges FISK:USAESBA:USA
Address 111 West 33rd Street, 12th Floor, New York, NY, USA, 10120
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

Get the complete analysis for OGCP

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.75
Price
$8.91
GF Value