Empire State Realty OP LP ES (ESBA)vsKilroy Realty Corp (KRC)
ESBA
Empire State Realty OP LP ES
$5.20
-0.48%
REAL ESTATE · Cap: $1.38B
KRC
Kilroy Realty Corp
$35.82
-1.21%
REAL ESTATE · Cap: $4.28B
Smart Verdict
WallStSmart Research — data-driven comparison
Kilroy Realty Corp generates 39% more annual revenue ($1.09B vs $782.82M). KRC leads profitability with a 2.6% profit margin vs 1.2%. KRC trades at a lower P/E of 140.0x. KRC earns a higher WallStSmart Score of 50/100 (D+).
ESBA
Hold39
out of 100
Grade: F
KRC
Hold50
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+83.6%
Fair Value
$38.77
Current Price
$5.20
$33.58 discount
Intrinsic value data unavailable for KRC.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Reasonable price relative to book value
Strong operational efficiency at 21.7%
Areas to Watch
3.2% revenue growth
Smaller company, higher risk/reward
ROE of 3.7% — below average capital efficiency
1.2% margin — thin
Expensive relative to growth rate
ROE of 4.1% — below average capital efficiency
2.6% margin — thin
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull Case : ESBA
The strongest argument for ESBA centers on Price/Book.
Bull Case : KRC
The strongest argument for KRC centers on Price/Book, Operating Margin.
Bear Case : ESBA
The primary concerns for ESBA are Revenue Growth, Market Cap, Return on Equity. A P/E of 245.5x leaves little room for execution misses. Thin 1.2% margins leave little buffer for downturns.
Bear Case : KRC
The primary concerns for KRC are PEG Ratio, Return on Equity, Profit Margin. A P/E of 140.0x leaves little room for execution misses. Thin 2.6% margins leave little buffer for downturns.
Key Dynamics to Monitor
ESBA carries more volatility with a beta of 1.47 — expect wider price swings.
ESBA is growing revenue faster at 3.2% — sustainability is the question.
KRC generates stronger free cash flow (72M), providing more financial flexibility.
Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
KRC scores higher overall (50/100 vs 39/100). ESBA offers better value entry with a 83.6% margin of safety. Both earn "Hold" and "Hold" 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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