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Capital (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019, 2018 and 2017:
Record Date
 
Payment Date
 
Amount per Operating Partnership Unit
December 23, 2019
 
December 31, 2019
 
$0.105
September 16, 2019
 
September 30, 2019
 
$0.105
June 14, 2019
 
June 28, 2019
 
$0.105
March 15, 2019
 
March 29, 2019
 
$0.105
 
 
 
 
 
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
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, 2019:
 
ESRT Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2018
91,158

 
5,702,821

 
$
9.68

Vested
(35,724
)
 
(598,402
)
 
15.98

Granted
69,358

 
2,854,698

 
9.56

Forfeited or unearned
(5,874
)
 
(1,972,548
)
 
7.34

Unvested balance at December 31, 2019
118,918

 
5,986,569

 
$
9.73
Schedule of Earnings Per Unit, Basic and Diluted
Earnings per unit for the years ended December 31, 2019, 2018 and 2017 is computed as follows (amounts in thousands, except per share amounts):
 
For the Year Ended December 31,
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
Net income
$
84,290

 
$
117,253

 
$
118,253

Private perpetual preferred unit distributions
(1,743
)
 
(936
)
 
(936
)
Earnings allocated to unvested shares
(885
)
 
(851
)
 
(760
)
Net income attributable to common unitholders - basic and diluted
$
81,662

 
$
115,466

 
$
116,557

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average units outstanding - basic
297,798

 
297,258

 
296,455

Effect of dilutive securities:
 
 
 
 
 
   Stock-based compensation plans
—

 
1

 
775

   Exchangeable senior notes
—

 
—

 
819

Weighted average shares outstanding - diluted
297,798

 
297,259

 
298,049

 
 
 
 
 
 
Earnings per unit - basic and diluted
$
0.27

 
$
0.39

 
$
0.39