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Capital (Tables)
9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]  
Summary of Restricted Stock and Long-Term Incentive Plan Activity
The following is a summary of ESRT restricted stock and LTIP unit activity for the nine months ended September 30, 2014:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2013
144,371

 
913,561

 
$
13.00

Vested
(8,491
)
 

 
(13.40
)
Granted
14,120

 
488,613

 
15.04

Forfeited
(17,709
)
 
(3,413
)
 
(13.14
)
Unvested balance at September 30, 2014
132,291

 
1,398,761

 
$
13.67

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three and nine months ended September 30, 2014 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2014
 
September 30, 2014
Numerator:
 
 
 
Net income
$
22,734

 
$
59,246

Preferred unit distributions
(241
)
 
(241
)
Earnings allocated to unvested units
(127
)
 
(374
)
Net income attributable to common unitholders - basic and diluted
$
22,366

 
$
58,631

 
 
 
 
Denominator -

 

Weighted average units outstanding - basic and diluted
263,041

 
250,696

 
 
 
 
Earnings per unit - basic and diluted
$
0.09

 
$
0.23