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Capital (Tables)
3 Months Ended
Mar. 31, 2016
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 three months ended March 31, 2016:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2015
97,592

 
1,415,895

 
$
15.20

Vested
(4,350
)
 
(100,595
)
 
16.52

Granted
44,198

 
1,821,360

 
15.92

Forfeited

 

 

Unvested balance at March 31, 2016
137,440

 
3,136,660

 
$
15.57

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three months ended March 31, 2016 and 2015 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended
 
March 31, 2016
 
March 31, 2015
Numerator:
 
 
 
Net income
$
16,705

 
$
7,888

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested units
(172
)
 
(144
)
Net income attributable to common unitholders - basic and diluted
$
16,299

 
$
7,510

 
 
 
 
Denominator -

 

Weighted average units outstanding - basic and diluted
266,134

 
265,810

 
 
 
 
Earnings per unit - basic and diluted
$
0.06

 
$
0.03