Empire State Realty OP LPOGCP 60 Pretax Margin % is 1.02% as of Mar. 2026, which is 91% below its 10-year median of 11.30. 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 927 REITs companies, Empire State Realty OP LP ranks worse than 78.96% on this metric.
The historical rank and industry rank for Empire State Realty OP LP's Pretax Margin % or its related term are showing as below:
OGCP'
s Pretax Margin % Range Over the Past 10 Years
Min: -4.9 Med: 11.3 Max: 17.61
Current: 8
OGCP's Pretax Margin % is ranked worse than 78.96% of 927
companies
in the REITs industry
Industry Median: 46.7
vs OGCP: 8.00
Empire State Realty OP LP (ARCA:OGCP) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Empire State Realty OP LP Pretax Margin % Related Terms
Empire State Realty OP LP Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's Pretax 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.
Empire State Realty OP LP (OGCP) has a Pretax Margin % of 1.02% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Empire State Realty OP LP and its competitors. This is 91% below median its historical median of 11.30. According to the industry distribution chart, Empire State Realty OP LP ranks #732 out of 927 companies in the REITs industry, placing it in the top 79%.
Is Empire State Realty OP LP's Pretax Margin % too high?
Empire State Realty OP LP's current Pretax Margin % of 1.02% is 91% below median its 10-year median of 11.30. The REITs industry median Pretax Margin % is 46.70. Empire State Realty OP LP's value of 1.02% is 97.8% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #732 out of 927 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 Pretax Margin % compare to DEI and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #732 out of 927 companies for Pretax Margin %. This places Empire State Realty OP LP in the lower half of its industry. The industry median Pretax Margin % is 46.70. Empire State Realty OP LP's value of 1.02% is 97.8% below this benchmark. While the company's 10-year median is 11.30 vs. the industry median of 46.70, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax 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 Pretax Margin % of 1.02% is 97.8% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current Pretax Margin % is 1.02%, which is 91% below median its own 10-year median of 11.30. 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 Pretax Margin % is 1.02%, which is 91% below median its 10-year median of 11.30 and 97.8% below the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current Pretax Margin % is 1.02% 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:
Pretax Margin %: 1.02% (91% below median its 10-year median of 11.30)
GF Value™: $8.91 vs. price of $5.75 (35.5% below fair value)
Industry Position: 97.8% below the REITs median (#732 of 927)
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
Get the complete analysis for OGCP
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OGCP has been successfully added to your 
