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Capital (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note Disclosure, Disclosure of Compensation Related Costs, Share-based Payments and Earnings Per Share [Abstract]  
Summary of ERST Restricted Stock and LTIP Unit
The following is a summary of ESRT restricted stock and LTIP unit activity for the three months ended March 31, 2019:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2018
91,158

 
5,702,821

 
$
9.68

Vested
(34,905
)
 
(547,319
)
 
15.86

Granted
69,358

 
2,777,980

 
9.42

Forfeited or unearned
(236
)
 
(1,338,267
)
 
7.08

Unvested balance at March 31, 2019
125,375

 
6,595,215

 
$
9.56

Earnings Per Unit
Earnings per unit for the three months ended March 31, 2019 and 2018 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
March 31, 2019
 
March 31, 2018
Numerator:
 
 
 
Net income
$
9,856

 
$
18,058

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested units
(153
)
 
(162
)
Net income attributable to common unitholders - basic and diluted
$
9,469

 
$
17,662

 
 
 
 
Denominator:
 
 
 
Weighted average units outstanding - basic
298,049

 
296,824

Effect of dilutive securities:
 
 
 
  Stock-based compensation plans


 
3

Weighted average units outstanding - diluted
298,049

 
296,827

 
 
 
 
Earnings per share:
 
 
 
Basic
$
0.03

 
$
0.06

Diluted
$
0.03

 
$
0.06