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Capital (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2015:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2014
102,296

 
1,194,660

 
$
13.78

Vested
(7,405
)
 
(59,875
)
 
15.00

Granted
30,020

 
461,180

 
18.11

Forfeited
(8,977
)
 
(5,544
)
 
16.11

Unvested balance at September 30, 2015
115,934

 
1,590,421

 
$
14.96

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three and nine months ended September 30, 2015 and 2014 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended
 
 Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Numerator:
 
 
 
 
 
 
 
Net income
$
26,085

 
$
22,734

 
$
60,558

 
$
59,246

Private perpetual preferred unit distributions
(234
)
 
(241
)
 
(702
)
 
(241
)
Earnings allocated to unvested units
(161
)
 
(127
)
 
(425
)
 
(374
)
Net income attributable to common unitholders - basic and diluted
$
25,690

 
$
22,366

 
$
59,431

 
$
58,631

 
 
 
 
 
 
 
 
Denominator -

 

 
 
 
 
Weighted average units outstanding - basic and diluted
265,873

 
263,041

 
265,868

 
250,696

 
 
 
 
 
 
 
 
Earnings per unit - basic and diluted
$
0.10

 
$
0.09

 
$
0.22

 
$
0.23