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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Empire State Realty OP LP's current 3-Year Share Buyback Ratio was -0.50%.
The historical rank and industry rank for Empire State Realty OP LP's 3-Year Share Buyback Ratio or its related term are showing as below:
OGCP'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -6.8 Med: -0.3 Max: 3
Current: -0.5
During the past 13 years, Empire State Realty OP LP's highest 3-Year Share Buyback Ratio was 3.00%. The lowest was -6.80%. And the median was -0.30%.
OGCP's 3-Year Share Buyback Ratio is ranked better than 71.67% of 600
companies
in the REITs industry
Industry Median: -2.9
vs OGCP: -0.50
Empire State Realty OP LP (ARCA:OGCP) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Empire State Realty OP LP 3-Year Share Buyback Ratio Related Terms
OGCP vs PDM, DEA, DEI: 3-Year Share Buyback Ratio Comparison
For the REIT - Office subindustry, Empire State Realty OP LP's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's 3-Year Share Buyback Ratio falls into.
Empire State Realty OP LP 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -0.50 mean?
Empire State Realty OP LP (OGCP) has a 3-Year Share Buyback Ratio of -0.50 as of Mar. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Empire State Realty OP LP and its competitors. According to the industry distribution chart, Empire State Realty OP LP ranks #170 out of 600 companies in the REITs industry, placing it in the top 28.3%.
Is Empire State Realty OP LP's 3-Year Share Buyback Ratio too high?
Empire State Realty OP LP's current 3-Year Share Buyback Ratio is -0.50. Based on the distribution chart, Empire State Realty OP LP ranks #170 out of 600 companies in the REITs industry, which is above the industry midpoint. Overall, Empire State Realty OP LP has a GF Score™ of 61/100 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 Share Buyback Ratio compare to PDM and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #170 out of 600 companies for 3-Year Share Buyback Ratio. This puts Empire State Realty OP LP in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a REITs company?
A good 3-Year Share Buyback Ratio depends on the REITs industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Empire State Realty OP LP and its competitors. Empire State Realty OP LP's current 3-Year Share Buyback Ratio is -0.50. 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 $8.92, compared to a current price of $5.42 — trading 39.2% below its estimated fair value. The current 3-Year Share Buyback Ratio is -0.50. Empire State Realty OP LP's overall GF Score™ is 61/100 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 Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current 3-Year Share Buyback Ratio is -0.50 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 $5.42 is trading 39.2% below its estimated GF Value™ of $8.92.
GuruFocus considers Empire State Realty OP LP to be Possible Value Trap.
Key valuation signals for OGCP:
3-Year Share Buyback Ratio: -0.50
GF Value™: $8.92 vs. price of $5.42 (39.2% below fair value)
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.
61GF Score
Get the complete analysis for OGCP
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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