Empire State Realty OP LP (OGCP)vsVornado Realty Trust (VNO)
OGCP
Empire State Realty OP LP
$4.92
0.00%
REAL ESTATE · Cap: $1.37B
VNO
Vornado Realty Trust
$25.98
-0.54%
REAL ESTATE · Cap: $5.45B
Smart Verdict
WallStSmart Research — data-driven comparison
Vornado Realty Trust generates 143% more annual revenue ($1.86B vs $767.81M). VNO leads profitability with a 48.5% profit margin vs 9.5%. VNO trades at a lower P/E of 6.2x. VNO earns a higher WallStSmart Score of 61/100 (C+).
OGCP
Buy51
out of 100
Grade: C-
VNO
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+44.6%
Fair Value
$11.70
Current Price
$4.92
$6.78 discount
Margin of Safety
+84.6%
Fair Value
$196.56
Current Price
$25.98
$170.58 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Earnings expanding 83.0% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 49 of every $100 in revenue as profit
Areas to Watch
0.8% revenue growth
Smaller company, higher risk/reward
ROE of 4.0% — below average capital efficiency
Negative free cash flow — burning cash
Expensive relative to growth rate
Revenue declined 8.1%
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : OGCP
The strongest argument for OGCP centers on Price/Book, EPS Growth.
Bull Case : VNO
The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.5% and operating margin at 13.6%.
Bear Case : OGCP
The primary concerns for OGCP are Revenue Growth, Market Cap, Return on Equity.
Bear Case : VNO
The primary concerns for VNO are PEG Ratio, Revenue Growth, Free Cash Flow.
Key Dynamics to Monitor
OGCP profiles as a value stock while VNO is a declining play — different risk/reward profiles.
VNO carries more volatility with a beta of 1.53 — expect wider price swings.
OGCP is growing revenue faster at 0.8% — sustainability is the question.
OGCP generates stronger free cash flow (-8M), providing more financial flexibility.
Bottom Line
VNO scores higher overall (61/100 vs 51/100), backed by strong 48.5% margins. OGCP offers better value entry with a 44.6% 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
REAL ESTATE · REIT - OFFICE · USA
Empire State Realty OP, L.P. is a subsidiary of Empire State Realty Trust, Inc.
Vornado Realty Trust
REAL ESTATE · REIT - OFFICE · USA
Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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