Empire State Rea Financials
This page shows Empire State Rea (OGCP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Property-level cash generation remains durable, but cash balances were pulled down by unusually heavy FY2025 investing rather than weak operations.
Over the last three fiscal years, operating cash flow stayed near$249M even as operating margin slipped to17.7% . That disconnect points to depreciation-heavy earnings: the properties still produced cash, but accounting profit looked softer because large non-cash charges depress reported income. The sharper FY2025 change was liquidity, with cash falling to$133M after$550M of investing outflow, so the pressure came from reinvestment pace rather than from a break in core cash generation.
Interest burden is a meaningful operating constraint: FY2025 interest expense of
With revenue essentially unchanged at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Empire State Rea's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Empire State Rea has an operating margin of 17.7%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is down from 20.7% the prior year.
Empire State Rea's revenue grew a modest 0.0% year-over-year to $768.3M. This slow but positive growth earns a score of 37/100.
Empire State Rea carries a low D/E ratio of 1.45, meaning only $1.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Empire State Rea generates a 4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 4.5% the prior year.
Empire State Rea passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Empire State Rea generates $3.41 in operating cash flow ($249.1M OCF vs $73.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Empire State Rea earns $1.3 in operating income for every $1 of interest expense ($135.6M vs $103.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Empire State Rea generated $768.3M in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Empire State Rea's EBITDA was $330.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.8% from the prior year.
Empire State Rea reported $73.0M in net income in fiscal year 2025. This represents a decrease of 9.2% from the prior year.
Empire State Rea earned $0.25 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 10.7% from the prior year.
Cash & Balance Sheet
Empire State Rea held $132.7M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Empire State Rea's operating margin was 17.7% in fiscal year 2025, reflecting core business profitability. This is down 3.0 percentage points from the prior year.
Empire State Rea's net profit margin was 9.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.0 percentage points from the prior year.
Empire State Rea's ROE was 4.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.
Capital Allocation
Empire State Rea spent $8.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
OGCP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $199.2M+0.8% | $197.7M+3.4% | $191.3M+6.2% | $180.1M-8.9% | $197.6M-1.0% | $199.6M+5.3% | $189.5M+4.6% | $181.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $18.5M-1.4% | $18.7M+0.3% | $18.7M+10.3% | $16.9M-5.2% | $17.9M-2.7% | $18.4M+2.0% | $18.0M+12.8% | $16.0M |
| Operating Income | $35.4M-10.0% | $39.3M+12.0% | $35.1M+36.2% | $25.8M-39.9% | $42.9M-5.3% | $45.3M+15.2% | $39.4M+26.7% | $31.1M |
| Interest Expense | $25.9M+2.7% | $25.2M+0.3% | $25.1M-6.7% | $26.9M-1.6% | $27.4M-0.1% | $27.4M+8.2% | $25.3M+0.8% | $25.1M |
| Income Tax | $1.1M-35.9% | $1.6M+244.1% | $478K+177.2% | -$619K-153.8% | $1.2M-20.2% | $1.4M+92.3% | $750K+214.5% | -$655K |
| Net Income | $32.2M+135.8% | $13.6M+19.9% | $11.4M-27.8% | $15.8M-16.0% | $18.8M-17.6% | $22.8M-20.2% | $28.6M+179.5% | $10.2M |
| EPS (Diluted) | N/A | $0.05+25.0% | $0.04-20.0% | $0.05 | N/A | $0.08-20.0% | $0.10+233.3% | $0.03 |
OGCP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B+8.8% | $4.1B+0.7% | $4.1B-0.9% | $4.1B-8.8% | $4.5B+1.7% | $4.4B+0.1% | $4.4B+5.8% | $4.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $132.7M-13.9% | $154.1M+62.8% | $94.6M-49.6% | $187.8M-51.3% | $385.5M-8.6% | $421.9M-21.2% | $535.5M+60.5% | $333.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M0.0% | $491.5M |
| Total Liabilities | $2.6B+14.7% | $2.3B+0.8% | $2.3B-1.7% | $2.3B-14.7% | $2.7B+1.8% | $2.7B-0.1% | $2.7B+8.8% | $2.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.8B+1.3% | $1.8B+0.5% | $1.8B+0.2% | $1.8B+0.2% | $1.8B+1.4% | $1.8B+0.3% | $1.8B+1.5% | $1.7B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OGCP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.9M-67.8% | $105.3M+294.1% | $26.7M-67.9% | $83.1M+66.2% | $50.0M-51.3% | $102.8M+176.9% | $37.1M-47.7% | $70.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $168.0M+852.6% | $17.6M-63.0% | $47.7M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$65.1M-434.2% | $19.5M-16.1% | $23.2M |
| Investing Cash Flow | -$361.9M-1012.6% | -$32.5M+71.3% | -$113.5M-169.8% | -$42.1M+46.5% | -$78.7M+58.8% | -$190.8M-238.4% | -$56.4M+20.9% | -$71.3M |
| Financing Cash Flow | $296.8M+2628.5% | -$11.7M+15.5% | -$13.9M+94.0% | -$233.0M-1841.9% | -$12.0M+35.6% | -$18.6M-108.9% | $210.5M+1088.2% | -$21.3M |
| Dividends Paid | $9.7M-0.1% | $9.8M0.0% | $9.8M+0.2% | $9.7M+1.4% | $9.6M0.0% | $9.6M0.0% | $9.6M+1.0% | $9.5M |
| Share Buybacks | $6.0M | $0 | N/A | N/A | $0 | $0 | $0 | $0 |
OGCP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 17.8%-2.1pp | 19.9%+1.5pp | 18.4%+4.0pp | 14.3%-7.4pp | 21.7%-1.0pp | 22.7%+2.0pp | 20.8%+3.6pp | 17.1% |
| Net Margin | 16.2%+9.3pp | 6.9%+1.0pp | 5.9%-2.8pp | 8.8%-0.8pp | 9.5%-1.9pp | 11.4%-3.7pp | 15.1%+9.4pp | 5.6% |
| Return on Equity | 1.8%+1.0pp | 0.8%+0.1pp | 0.6%-0.2pp | 0.9%-0.2pp | 1.1%-0.2pp | 1.3%-0.3pp | 1.6%+1.0pp | 0.6% |
| Return on Assets | 0.7%+0.4pp | 0.3%+0.1pp | 0.3%-0.1pp | 0.4%-0.0pp | 0.4%-0.1pp | 0.5%-0.1pp | 0.6%+0.4pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.45+0.2 | 1.280.0 | 1.28-0.0 | 1.30-0.2 | 1.530.0 | 1.520.0 | 1.53+0.1 | 1.43 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -32.6%-42.9pp | 10.3%-2.5pp | 12.8% |
Frequently Asked Questions
What is Empire State Rea's annual revenue?
Empire State Rea (OGCP) reported $768.3M in total revenue for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Empire State Rea's revenue growing?
Empire State Rea (OGCP) revenue grew by 0% year-over-year, from $767.9M to $768.3M in fiscal year 2025.
Is Empire State Rea profitable?
Yes, Empire State Rea (OGCP) reported a net income of $73.0M in fiscal year 2025, with a net profit margin of 9.5%.
What is Empire State Rea's EBITDA?
Empire State Rea (OGCP) had EBITDA of $330.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Empire State Rea's operating margin?
Empire State Rea (OGCP) had an operating margin of 17.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Empire State Rea's net profit margin?
Empire State Rea (OGCP) had a net profit margin of 9.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Empire State Rea's return on equity (ROE)?
Empire State Rea (OGCP) has a return on equity of 4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Empire State Rea's operating cash flow?
Empire State Rea (OGCP) generated $249.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Empire State Rea's total assets?
Empire State Rea (OGCP) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Empire State Rea's debt-to-equity ratio?
Empire State Rea (OGCP) had a debt-to-equity ratio of 1.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Empire State Rea's return on assets (ROA)?
Empire State Rea (OGCP) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Empire State Rea's Piotroski F-Score?
Empire State Rea (OGCP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Empire State Rea's earnings high quality?
Empire State Rea (OGCP) has an earnings quality ratio of 3.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Empire State Rea cover its interest payments?
Empire State Rea (OGCP) has an interest coverage ratio of 1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Empire State Rea?
Empire State Rea (OGCP) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.