WallStSmart

Empire State Realty OP LP (OGCP)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 139% more annual revenue ($1.85B vs $776.71M). VNO leads profitability with a 42.9% profit margin vs 7.8%. VNO trades at a lower P/E of 10.4x. VNO earns a higher WallStSmart Score of 61/100 (C+).

OGCP

Hold

38

out of 100

Grade: F

Growth: 3.3Profit: 5.0Value: 5.3Quality: 3.5
Piotroski: 4/9Altman Z: 0.74

VNO

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 8.0Quality: 5.0
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for OGCP.

VNOUndervalued (+33.4%)

Margin of Safety

+33.4%

Fair Value

$45.44

Current Price

$38.08

$7.36 discount

UndervaluedFair: $45.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

OGCP1 strengths · Avg: 10.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

OGCP4 concerns · Avg: 3.5/10
P/E RatioValuation
27.2x4/10

Moderate valuation

Revenue GrowthGrowth
4.9%4/10

4.9% revenue growth

Market CapQuality
$1.60B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.7%3/10

ROE of 3.7% — below average capital efficiency

VNO4 concerns · Avg: 2.8/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Debt/EquityHealth
1.403/10

Elevated debt levels

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : OGCP

The strongest argument for OGCP centers on Price/Book.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : OGCP

The primary concerns for OGCP are P/E Ratio, Revenue Growth, Market Cap. Debt-to-equity of 2.21 is elevated, increasing financial risk.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Debt/Equity, Revenue Growth.

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 1.56 — expect wider price swings.

OGCP is growing revenue faster at 4.9% — sustainability is the question.

OGCP generates stronger free cash flow (51M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (61/100 vs 38/100), backed by strong 42.9% margins. Both earn "Buy" 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

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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