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Capital (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2016
107,793

 
2,881,629

 
$
10.01

Vested
(16,577
)
 
(271,136
)
 
13.19

Granted
34,407

 
1,322,166

 
13.55

Forfeited or unearned
(1,404
)
 
(77,227
)
 
14.87

Unvested balance at March 31, 2017
124,219

 
3,855,432

 
$
10.89

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the three months ended March 31, 2017 and 2016 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
March 31, 2017
 
March 31, 2016
Numerator:
 
 
 
Net income
$
19,145

 
$
16,705

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested units
(154
)
 
(172
)
Net income attributable to common unitholders - basic and diluted
$
18,757

 
$
16,299

 
 
 
 
Denominator:
 
 
 
Weighted average units outstanding - basic
296,388

 
266,134

Effect of dilutive securities:
 
 
 
  Stock-based compensation plans

775

 

  Exchangeable senior notes
799

 

Weighted average units outstanding - diluted
297,962

 
266,134

 
 
 
 
Earnings per unit - basic and diluted
$
0.06

 
$
0.06