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Last $18.03 USD
Change Today -0.12 / -0.66%
Volume 827.0
ESBA On Other Exchanges
Symbol
Exchange
NYSE Arca
NYSE Arca
Frankfurt
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

empire state realty op lp-es (ESBA) Snapshot

Open
$18.03
Previous Close
$18.15
Day High
$18.03
Day Low
$18.03
52 Week High
03/31/15 - $19.00
52 Week Low
04/29/14 - $13.36
Market Cap
744.7M
Average Volume 10 Days
19.0K
EPS TTM
--
Shares Outstanding
41.3M
EX-Date
03/11/15
P/E TM
--
Dividend
$0.34
Dividend Yield
1.89%
Current Stock Chart for EMPIRE STATE REALTY OP LP-ES (ESBA)

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empire state realty op lp-es (ESBA) Details

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc.

862 Employees
Last Reported Date: 02/27/15

empire state realty op lp-es (ESBA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

empire state realty op lp-es (ESBA) Key Developments

Empire State Realty OP, L.P. Completes Issuance of $350 Million in Unsecured Notes

Empire State Realty Trust Inc. announced that Empire State Realty OP, L.P. (the operating partnership) issued and sold an aggregate principal amount of $350 million of its senior unsecured notes in a private placement to entities affiliated with Prudential Capital Group. The notes consist of $100,000,000 of 3.93% Series A Senior Notes due 2025, $125,000,000 of 4.09% Series B Senior Notes due 2027, and $125,000,000 of 4.18% Series C Senior Notes due 2030. Interest on the Notes is payable quarterly, beginning on June 27, 2015. The notes are senior unsecured obligations of the operating partnership and are unconditionally guaranteed by each of the company’s subsidiaries that guarantees indebtedness under the operating partnership’s senior credit facility. The operating partnership intends to use the net proceeds from the issuance of the notes to repay outstanding mortgage debt on two properties, reduce amounts outstanding under its unsecured revolving line of credit and for other general corporate purposes.

Empire State Realty OP LP Completes $250 Million Debt Offering

Empire State Realty OP LP on Aug. 12 completed its private offering of $250 million aggregate principal amount of its 2.625% exchangeable senior notes due 2019. The notes bear interest at a rate of 2.625% per year, payable semiannually in arrears on August 15 and February 15 of each year, commencing February 15, 2015. The notes will mature August 15, 2019, unless earlier repurchased, redeemed or exchanged. The net proceeds from the offering were approximately $247.0 million, which the operating partnership expects to use to reduce amounts outstanding under its revolving credit facility, including amounts used to finance its recent property acquisitions and to repay mortgage debt.

Empire State Realty OP, L.P. Commences Private Offering of $250 Million of Exchangeable Senior Notes Due 2019

Empire State Realty Trust Inc. announced that its operating partnership Empire State Realty OP, L.P. has commenced a private offering of $250 million aggregate principal amount of the operating partnership's exchangeable senior notes due 2019, which will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. The notes will be senior unsecured obligations of the Operating Partnership. Prior to May 15, 2019, the notes will be exchangeable at the option of holders of the notes only upon the satisfaction of certain conditions and during certain periods, and, thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon exchange, the notes will be exchangeable into cash, shares of the company's class A common stock or a combination of cash and shares of the company's class A common stock, at the operating partnership's election. The interest rate, exchange rate and other terms of the notes will be determined by negotiations among the company and the initial purchaser of the notes. The operating partnership expects to grant the initial purchaser a 30-day option to purchase up to an additional $37.5 million aggregate principal amount of the notes. The operating partnership expects to use the net proceeds from the offering to reduce amounts outstanding under its revolving credit facility, including amounts used to finance its recent property acquisitions and to repay mortgage debt.

 

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ESBA

Industry Average

Valuation ESBA Industry Range
Price/Earnings 66.7x
Price/Sales 7.6x
Price/Book 3.5x
Price/Cash Flow 3.9x
TEV/Sales NM Not Meaningful
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