3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Empire State Realty OP LP's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Empire State Realty OP LP's 3-Year ROIIC % or its related term are showing as below:
OGCP's 3-Year ROIIC % is ranked worse than 64.18% of 698
companies
in the REITs industry
Industry Median: 3.505
vs OGCP: 1.25
Empire State Realty OP LP (ARCA:OGCP) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Empire State Realty OP LP 3-Year ROIIC % Related Terms
Empire State Realty OP LP 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Empire State Realty OP LP (OGCP) has a 3-Year ROIIC % of 1.25 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empire State Realty OP LP and its competitors. According to the industry distribution chart, Empire State Realty OP LP ranks #448 out of 698 companies in the REITs industry, placing it in the top 64.2%.
Is Empire State Realty OP LP's 3-Year ROIIC % too high?
Empire State Realty OP LP's current 3-Year ROIIC % is 1.25. The REITs industry median 3-Year ROIIC % is 3.51. Empire State Realty OP LP's value of 1.25 is 64.3% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #448 out of 698 companies in the REITs industry, which is below 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 3-Year ROIIC % compare to PDM and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #448 out of 698 companies for 3-Year ROIIC %. This places Empire State Realty OP LP in the lower half of its industry. The industry median 3-Year ROIIC % is 3.51. Empire State Realty OP LP's value of 1.25 is 64.3% 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire State Realty OP LP's current 3-Year ROIIC % of 1.25 is 64.3% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire State Realty OP LP's current 3-Year ROIIC % is 1.25. 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 $5.40 — trading 39.4% below its estimated fair value. The current 3-Year ROIIC % is 1.25 and 64.3% below the REITs industry median of 3.51. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current 3-Year ROIIC % is 1.25 as of Dec. 2025. 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 $5.40 is trading 39.4% 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:
3-Year ROIIC %: 1.25
GF Value™: $8.91 vs. price of $5.40 (39.4% below fair value)
Industry Position: 64.3% below the REITs median (#448 of 698)
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.
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