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Capital (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2016:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2015
97,592

 
1,415,895

 
$
11.04

Vested
(4,350
)
 
(124,843
)
 
15.89

Granted
47,071

 
1,868,629

 
9.58

Forfeited
(278
)
 

 
17.97

Unvested balance at June 30, 2016
140,035

 
3,159,681

 
$
10.00

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three and six months ended June 30, 2016 and 2015 is computed as follows (amounts in thousands, except per unit amounts):
 
Three Months Ended,
 
Six Months Ended,
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
Numerator:
 
 
 
 
 
 
 
Net income
$
24,640

 
$
26,585

 
$
41,345

 
$
34,473

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(468
)
 
(468
)
Earnings allocated to unvested units
(215
)
 
(161
)
 
(387
)
 
(284
)
Net income attributable to common unitholders - basic and diluted
$
24,191

 
$
26,190

 
$
40,490

 
$
33,721

 
 
 
 
 
 
 
 
Denominator -
 
 
 
 
 
 
 
Weighted average units outstanding - basic and diluted
266,167

 
265,867

 
266,151

 
265,866

 
 
 
 
 
 
 
 
Earnings per unit - basic and diluted
$
0.09

 
$
0.10

 
$
0.15

 
$
0.13