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Capital (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]

Dividends Declared

The following table summarizes the dividends declared and paid on our operating partnership units for the years ended December 31, 2015 and 2014 and the period from October 7, 2013 to December 31, 2013:

Declaration Date		Record Date		Payment Date		Amount per Operating Partnership Unit
December 3, 2015		December 15, 2015		December 31, 2015		$0.0850
August 25, 2015		September 15, 2015		September 30, 2015		$0.0850
May 20, 2015		June 15, 2015		June 30, 2015		$0.0850
February 18, 2015		March 13, 2015		March 31, 2015		$0.0850
December 1, 2014		December 15, 2014		December 31, 2014		$0.0850
September 2, 2014		September 15, 2014		September 30, 2014		$0.0850
May 22, 2014		June 13, 2014		June 30, 2014		$0.0850
February 21, 2014		March 14, 2014		March 31, 2014		$0.0850
December 5, 2013		December 16, 2013		December 30, 2013		$0.0795 (1)

(1) Represents a pro-ration of a full quarter distribution of $0.085 per unit.

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 year ended December 31, 2015:

	ESRT Restricted Stock			LTIP Units			Weighted Average Grant Price
Unvested balance at December 31, 2014	102,296			1,194,660			$	13.78
Vested	(25,223	)		(234,401	)		13.52
Granted	30,020			461,180			18.11
Forfeited	(9,501	)		(5,544	)		16.00
Unvested balance at December 31, 2015	97,592			1,415,895			$	15.20

Schedule of Earnings Per Unit, Basic and Diluted

Earnings per unit for the years ended December 31, 2015 and 2014 and for the period October 7, 2013 through December 31, 2013 is computed as follows (amounts in thousands, except per share amounts):

	Year ended December 31, 2015				Year ended December 31, 2014				Period from October 7, 2013 through December 31, 2013
Numerator:
Net income	$	79,928			$	70,210			$	193,431
Private perpetual preferred unit distributions	(936		)		(476		)		—
Earnings allocated to unvested shares	(550		)		(482		)		(804		)
Net income attributable to common unitholders - basic and diluted	$	78,442			$	69,252			$	192,627
Denominator:
Weighted average units outstanding - basic and diluted	265,914				254,506				244,420
Earnings per unit - basic and diluted	$	0.29			$	0.27			$	0.79

X

- Definition

Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]

+ References

No definition available.

+ Details

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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