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Capital (Tables)
6 Months Ended
Jun. 30, 2015
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 six months ended June 30, 2015:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2014
102,296

 
1,194,660

 
$
13.78

Vested
(6,261
)
 
(59,875
)
 
15.03

Granted
30,020

 
461,180

 
18.11

Forfeited
(6,397
)
 
(1,108
)
 
15.29

Unvested balance at June 30, 2015
119,658

 
1,594,857

 
$
14.96

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three and six months ended June 30, 2015 and 2014 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30, 2015
 
June 30, 2014
 
June 30, 2015
 
June 30, 2014
Numerator:
 
 
 
 
 
 
 
Net income
26,585

 
25,281

 
34,473

 
36,512

Private perpetual preferred unit distributions
(234
)
 

 
(468
)
 

Earnings allocated to unvested units
(161
)
 
(108
)
 
(284
)
 
(247
)
Net income attributable to common unitholders - basic and diluted
$
26,190

 
$
25,173

 
$
33,721

 
$
36,265

 
 
 
 
 
 
 
 
Denominator -

 

 
 
 
 
Weighted average units outstanding - basic and diluted
265,867

 
244,436

 
265,866

 
244,431

 
 
 
 
 
 
 
 
Earnings per unit - basic and diluted
$
0.10

 
$
0.10

 
$
0.13

 
$
0.15