Explain this page
Arphra AIPlain-English read on Empire State Realty OP, L.P.’s valuationEnterprise value
$3.16B
Market cap
$884.73M
Net debt
$2.32B
Total debt
$2.39B
Cash & ST inv.
$68.82M
Capital structure
· balance sheet · 2026-03-31Enterprise-value bridge
Equity 28%
Net debt 73%
Share of enterprise value funded by equity vs net debt.
Market capitalisation$884.73M
+ Total debt+$2.39B
− Cash & short-term investments−$68.82M
= Enterprise value$3.16B
Valuation
· key metrics · TTMEV multiples
EV / EBITDA8.7×
EV / Sales4.1×
EV / FCF52.5×
Net debt / EBITDA6.3×
Debt / Equity—