Empire State Realty OP LP ES (ESBA)vsKilroy Realty Corp (KRC)
ESBA
Empire State Realty OP LP ES
$4.90
-0.31%
REAL ESTATE · Cap: $1.34B
KRC
Kilroy Realty Corp
$28.48
-0.52%
REAL ESTATE · Cap: $3.43B
Smart Verdict
WallStSmart Research — data-driven comparison
Kilroy Realty Corp generates 45% more annual revenue ($1.11B vs $767.81M). KRC leads profitability with a 24.8% profit margin vs 9.5%. KRC trades at a lower P/E of 12.3x. KRC earns a higher WallStSmart Score of 60/100 (C).
ESBA
Buy51
out of 100
Grade: C-
KRC
Buy60
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+45.7%
Fair Value
$11.70
Current Price
$4.89
$6.80 discount
Margin of Safety
-104.2%
Fair Value
$15.78
Current Price
$28.48
$12.70 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Earnings expanding 83.0% YoY
Reasonable price relative to book value
Keeps 25 of every $100 in revenue as profit
Attractively priced relative to earnings
Strong operational efficiency at 23.2%
Areas to Watch
0.8% revenue growth
Smaller company, higher risk/reward
ROE of 4.0% — below average capital efficiency
Weak financial health signals
Expensive relative to growth rate
ROE of 5.4% — below average capital efficiency
Revenue declined 5.0%
Earnings declined 79.0%
Comparative Analysis Report
WallStSmart ResearchBull Case : ESBA
The strongest argument for ESBA centers on Price/Book, EPS Growth.
Bull Case : KRC
The strongest argument for KRC centers on Price/Book, Profit Margin, P/E Ratio. Profitability is solid with margins at 24.8% and operating margin at 23.2%.
Bear Case : ESBA
The primary concerns for ESBA are Revenue Growth, Market Cap, Return on Equity.
Bear Case : KRC
The primary concerns for KRC are PEG Ratio, Return on Equity, Revenue Growth.
Key Dynamics to Monitor
ESBA profiles as a value stock while KRC is a declining play — different risk/reward profiles.
ESBA carries more volatility with a beta of 1.39 — expect wider price swings.
ESBA is growing revenue faster at 0.8% — sustainability is the question.
ESBA generates stronger free cash flow (-8M), providing more financial flexibility.
Bottom Line
KRC scores higher overall (60/100 vs 51/100), backed by strong 24.8% margins. ESBA offers better value entry with a 45.7% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Empire State Realty OP LP ES
REAL ESTATE · REIT - OFFICE · USA
Empire State Realty OP, L.P. is a subsidiary of Empire State Realty Trust, Inc.
Kilroy Realty Corp
REAL ESTATE · REIT - OFFICE · USA
Kilroy Realty Corporation (NYSE: KRC, the?
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