Empire State Realty OP LPOGCP 60 Dividend Yield % is 2.43% as of Jun. 26, 2026, which is 33% above its 10-year median of 1.83. 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 877 REITs companies, Empire State Realty OP LP ranks worse than 91.45% on this metric.
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.
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.
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 Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
* 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.
OGCP vs DEI, DEA, PDM: Dividend Yield % Comparison
For the REIT - Office subindustry, Empire State Realty OP LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty OP LP's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Empire State Realty OP LP's Dividend Yield % falls into.
Empire State Realty OP LP Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Empire State Realty OP LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.035000
2026-06-15
2026-06-15
2026-06-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2026-03-13
2026-03-13
2026-03-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2025-12-15
2025-12-15
2025-12-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.035000
2025-09-15
2025-09-15
2025-09-30
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 Dividend Yield % of 2.43% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Empire State Realty OP LP and its competitors. This is 33% above median its historical median of 1.83. Over the past decade, Empire State Realty OP LP's Dividend Yield % has ranged from 0.29 to 6.37. According to the industry distribution chart, Empire State Realty OP LP ranks #802 out of 877 companies in the REITs industry, placing it in the top 91.4%.
Is Empire State Realty OP LP's Dividend Yield % too high?
Empire State Realty OP LP's current Dividend Yield % of 2.43% is 33% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 6.37. The REITs industry median Dividend Yield % is 6.79. Empire State Realty OP LP's value of 2.43% is 64.2% below this industry median. Based on the distribution chart, Empire State Realty OP LP ranks #802 out of 877 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 Dividend Yield % compare to DEI and DEA?
According to the REITs industry distribution chart, Empire State Realty OP LP ranks #802 out of 877 companies for Dividend Yield %. This places Empire State Realty OP LP in the lower half of its industry. The industry median Dividend Yield % is 6.79. Empire State Realty OP LP's value of 2.43% is 64.2% below this benchmark. Historically, Empire State Realty OP LP's own Dividend Yield % has ranged from 0.29 to 6.37 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 6.79, 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 Dividend Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.79, based on 877 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % 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 Yield % of 2.43% is 64.2% 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Empire State Realty OP LP and its competitors. For the REITs industry, the median Dividend Yield % is 6.79 — 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 Yield % is 2.43%, which is 33% above median its own 10-year median of 1.83. 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 Yield % is 2.43%, which is 33% above median its 10-year median of 1.83 and 64.2% below the REITs industry median of 6.79. 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 Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Empire State Realty OP LP (OGCP), the current Dividend Yield % is 2.43% as of Jun. 26, 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 Yield %: 2.43% (33% above median its 10-year median of 1.83)
GF Value™: $8.91 vs. price of $5.75 (35.5% below fair value)
Industry Position: 64.2% below the REITs median (#802 of 877)
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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