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Capital (Tables)
12 Months Ended
Dec. 31, 2018
Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]  
Dividends Declared
The following table summarizes the distributions paid on our operating partnership units for the years ended December 31, 2018, 2017 and 2016:
Record Date
 
Payment Date
 
Amount per Operating Partnership Unit
December 17, 2018
 
December 31, 2018
 
$0.105
September 14, 2018
 
September 28, 2018
 
$0.105
June 15, 2018
 
June 29, 2018
 
$0.105
March 15, 2018
 
March 30, 2018
 
$0.105
 
 
 
 
 
December 15, 2017
 
December 29, 2017
 
$0.105
September 15, 2017
 
September 29, 2017
 
$0.105
June 15, 2017
 
June 30, 2017
 
$0.105
March 15, 2017
 
March 31, 2017
 
$0.105
 
 
 
 
 
December 15, 2016
 
December 29, 2016
 
$0.105
September 19, 2016
 
September 30, 2016
 
$0.105
June 15, 2016
 
June 30, 2016
 
$0.105
March 16, 2016
 
March 31, 2016
 
$0.085
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, 2018:
 
ESRT Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2017
90,791

 
3,588,609

 
$
11.20

Vested
(30,693
)
 
(495,303
)
 
14.59

Granted
39,608

 
2,719,801

 
8.54

Forfeited or unearned
(8,548
)
 
(110,286
)
 
8.50

Unvested balance at December 31, 2018
91,158

 
5,702,821

 
$
9.68

Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the years ended December 31, 2018, 2017 and 2016 is computed as follows (amounts in thousands, except per share amounts):